26 posts shown.
northerncrane4 said:NEWSFLASH
"Man under table." Ha! Get this—every single American film at this year's Sundance Film Festival 2009 was actually great. But this one? This is an absolute train wreck. I expected a lot of things, but not this insane mess. It felt like some unintentional, bizarre version of David Lynch. Honestly, I still can't believe I sat through that. Respect.
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Exactly.
It's hard to wrap my head around how anyone films something like this without realizing just how bad it is.
Kenneth Brooks5 said:From a client-bank relationship standpoint, I think sending a notification when these things happen is the right move. At least in my book, it's decent practice. Maybe I'm wrong.
Personally, I believe what goes around comes around—especially the bad stuff—and if I had kept that money, I wouldn't have slept well. That's why I suggested in my first post that they donate it to charity as a "penalty" for messing with my account balance (assuming they weren't allowed to do that in the first place). Then someone jumped in to claim that Bank of America is legally allowed to fix their employees' mistakes (apparently buried in the fine print somewhere).
I had no idea they could just do that without asking for permission or even notifying the account holder—now I know.
Thanks for the input, everyone.
In your first post, you said it was quiet. $667 Someone accidentally wires their paycheck into your account. Now what? And why on earth would Bank of America suggest redirecting those funds to charity just to fix the mistake? Seems like a stretch.
You think the guy whose paycheck it actually is would agree to let it go toward charity just because someone botched a transaction?
Honestly, I can't even wrap my head around it. I'm pretty sure that guy just wanted his paycheck back in his own account.
Even if you ended up with extra cash, it’d be only fair to head down to the Bank of America to figure out where it came from. You should return it to whoever sent it instead of just passing someone else's money around like it's yours.
If you're going to call yourself a humanitarian, then go ahead—start opening up your wallet.
Let me try to walk you through this so you actually know how to handle that card properly 🙂
If you have a standard credit card, the system works on a billing cycle. Say your due date is the 15th; everything you charge up until the 5th hits your bill on that 15th.
Basically, it’s a delayed payment system—up to about 30 days—and then the whole balance hits you at once.
I'm not sure which specific card you're holding or what your repayment terms are, but usually, the bank just pulls it from your checking account, or you manually pay off what you owe.
I don't know the exact specifics for JPMorgan Chase since I'm not a client there, but take Chase for example: with a Mastercard, they pull USD charges from your checking and foreign transactions from your foreign currency account, though if one is empty, they'll just grab the funds from the other.
With a Visa, though, everything—domestic or international—usually just gets converted and billed in dollars.
Regarding point 3, I really don't want to get into an argument or give advice on how to dodge bills and end up on a blacklist. I'm assuming that isn't your goal and wasn't the reason you got the card in the first place.
Because if that *is* the goal, then I'm just wasting my breath explaining this.
And honestly, I wouldn't even know how that works. 😁
As for using a basic checking account for online shopping, I haven't heard of that being a thing.
I have a personal checking account with this ancient laminated card, and there is absolutely no way you're using that to buy anything online.
Whether other banks offer different types of cards linked to checking accounts, I have no clue, so I can't help you there.
But you shouldn't need that anyway now that you have your own credit card.
Credit cards have spending limits, and I'm not quite following what you mean by "transferring money" to the card.
If your limit is $1333 and you spend 1,000, you have $1000 left. Once you pay off that 1,000, you're back to having 4,000, and so on.
You aren't "transferring" money because a credit card doesn't have its own bank account to deposit money into; you just pay the amount you spent last month to the account number provided by the card issuer or the bank.
I have a few credit cards myself, and this is the fundamental principle for all of them.
You make a purchase, the bill arrives, and you pay it.
Most websites have solid security to prevent your data from being stolen, so as long as you're using reputable sites, you should be fine.
Fraud happens, always, so just be careful about where you shop.
In my experience, booking flights, books, or hotels has always been totally seamless.
Bottom line: use some common sense. Just spend what you can actually afford to pay back, and you'll be fine. 😉
Maybe I’m off base here, so my apologies
and honestly, this is more directed at you as the mod than him
I mean, what kind of questions is he actually asking?
What credit card is he even using?
Can you just walk away if you don't pay the bill?
.....
Then, once he’s drowning in debt, suddenly it’s the bank's fault because he didn't bother to read the fine print or understand his terms and conditions.
And unfortunately, this isn't a first nor a last time.
It’s always easier to blame Chase or Wells Fargo once things go south. When it was time to spend five minutes reading up and asking questions before swiping, that felt unnecessary.
If he’d asked these questions before applying for the card, I might get it, and the reaction would be different (except for question #3).
Honestly, I don't get how people dive headfirst into loans, overdrafts, and credit cards without understanding how any of it works.
And no, I don't have much sympathy for the complaining. They landed themselves in a hole because they didn't do their homework—they just wanted the plastic in their hands so they could go shopping.
Honestly, if you’re asking questions this vague, maybe credit cards just aren't your thing.
1) If you don't actually know which card you were issued, how on earth is anyone on this forum supposed to tell you?
If you can't be bothered to read the contract or the application you signed to see what you're holding, just head down to your local Chase branch and ask them directly.
2) You don't "deposit" money onto a credit card. You have a credit limit. If it’s a standard card, you have to pay the full balance within about 30 days. If it’s a revolving line of credit, you can pay it off in installments over up to two years—usually starting at 5% monthly—but the interest rates will absolutely kill you.
That said, you can treat a revolving card like a standard one by just paying the whole damn thing off when the bill arrives to avoid those fees.
3) Sure, you could blow through your entire limit without paying a dime back, and you won't face any immediate consequences. Because obviously, big banks like Wells Fargo are famous charities that let everyone max out their cards on day one without ever asking for the money back.
4) There isn't any $1333 on there; it's just your credit limit.
And I don't think you need to lose sleep over getting scammed while shopping online.
You’re more likely to get yourself into trouble just by using the card itself, considering you clearly have no clue how any of this works.
I really don't get it. If you felt the need to get a card in the first place, why didn't you just go to the bank and have them walk you through the details instead of dumping these questions on a forum?
I think those six free online transactions apply specifically to paying bills through the JPMorgan Chase portal if you’re on one of their specific service packages.
As for using a Bill Gates card for online shopping, there aren't any transaction fees or interest charges involved.
Foreign transactions hit your USD account, while domestic ones come out of your local checking.
If you don't have enough funds in one, the bank just automatically pulls from the other.
Don't take this the wrong way, but it blows my mind that people walk around using credit cards without even knowing the basic terms—like which account is actually being charged.