On Oct 1, 12:10*pm, Notat Home wrote:
Ron wrote:
On Sep 30, 2:50 pm, "Percival P. *wrote:

Fortunately, I'm a USAA member, so if Wells Fargo tries to pull any of
that crap, I'll just take out all of my money and do my banking with
them.

USAA doesn't play those stupid games.

https://www.usaa.com/inet/pages/bank_main

Actually, USAA notified customers about a month ago that they were
ending the reward they pay for use of a debit card, because the idiots
in Washington have capped the swipe fees they charged merchants for use
of a debit card. *Since the dunces cap applies to all debit cards, it is
hard to see how any bank or credit union will be able to avoid some sort
of charge, or reduction in service, to card users, they will just vary
in their approach.

The inescapable conclusion is that our government has chosen to reduce
costs for merchants, and to increase costs for card users. *Perhaps they
dream that merchants will reduce their prices because of their reduced
swipe fee charges, but I don't know anyone who seriously believes that.

I do agree that USAA is an excellent bank, but banks are in the business
of making money, not losing it. *Credit unions may not make a profit,
but they certainly cannot eat a loss.

I used to be a member of Pentagon Federal Credit Union because of my
ex-wife. We had a joint account which she closed (during our
separation) and then opened up one in just her name. After we got
divorced I was informed that I was no longer a member because I failed
to keep at least $50.00 in my account. I explained to them what had
happened, and they didn't care. They basically told me it wasn't their
problem.