I’ve got an account open at JPMorgan Chase along with their online banking, and when I logged in today, I saw they took out 0.69 EUR ($1.75) for service fees. At the same time, they credited me 0.03 EUR (it says "interest credit"). What’s the deal with that? Is it just because I have money sitting in the account?
Just head over to JPMorgan Chase or Bank of America (since we already figured out their Visa Intel cards work fine online) and tell them you want to open a foreign currency account. You don't even need to be a student for this—as long as you're an adult, you're good to go. Just drop some cash in there and you're set. Your PIN should show up in about three weeks, then you just swing by the branch to grab your card.😉
If you’re mainly looking to shop online, you really just want a Microsoft debit card linked to a foreign currency account. You'll find those three digits on the back—the CVV—that you need for any online checkout. Basically, just head down to the bank (we already know Microsoft cards from Goldman Sachs or JPMorgan Chase work fine for web purchases, though I'm not sure about the others), open a foreign currency account, and load up whatever amount you need in the currency you're using. When you buy something, you just swipe the card and the funds pull directly from that account. Since you mentioned you don't need anything fancy like installment plans or credit lines, this is definitely your best bet. Plus, you won't get hit with those monthly membership fees they charge for credit cards. Hope that helps. 🙂
That’s just about sitting on foreign currency. Problem is, I’m a college student—I don't exactly have extra cash lying around to park in an account, especially since I don't even use it. It's hard to make that work. 😁 It’s a different story if you're working through a university service or something. Besides, I don't really need a Visa or Mastercard right now since I've got Diners. Once I hit my sophomore year, I'm planning to grab that student package from Chase to get an American Express.
Wait, so you're telling me that as a college student, I can actually snag a Visa or Mastercard?😕How does that even work when they usually require a notary to verify a consent form for wage garnishment (in case of non-payment)?
Why would it be such a hassle to get one? I managed to snag mine back when I was just a college student, so she’ll figure it out too. Plus, my credit limit wasn't exactly small ($1667); obviously, my parents were the ones who set it for me. It could easily be even higher now.
Robin Wright27 said:You can actually adjust your billing cycle through the American Express online portal... It’s safe to assume they charge that 5% fee—similar to an ATM withdrawal... $333-$20 at least, that's my impression.
Yeah, I know you can tweak the payment dates there. I actually did it the day before yesterday. Set my primary window from the 8th to the 14th, and my secondary one from the 1st to the 7th. But looking at when the next statement closes, it says December 19th. 🙄So basically, the bill is still hitting me at the end of the month.😠
When I signed up for my American Express, I set my billing cycle to run from the 1st to the 7th of the month. But they just sent me my statement today on the 23rd, and it says the due date is November 27th.😕 That doesn't sit right with me. What happens if I wait until, say, December 5th to pay them? Am I going to get hit with interest?
P.S. Has anyone actually used that online bill pay option? Does that also charge those extra fees, like the ones you get when you're pulling cash out of an ATM?
stormygardener83 said:I mean, why can't I just walk into a Chase branch and tell them, "Hey, just take the money out of my account..."—why does some lady need to verify who I am first?
Jesus...😲 😂 😂 Where do you even get these ideas!?🙏
Are you ten years old or something?🙄 Following your logic, anyone could just stroll into a Chase branch and demand cash from someone else's account. 🙏
For the hundredth time, only the actual account holder or their legal proxy can withdraw funds. Period.
stormygardener83 said:So, I just had some cash drop into my JPMorgan Chase checking account from a local job...
How do I actually get my hands on this money? Like, can I just walk into a branch—maybe if I have his ID on me?—or should I try an ATM (since the PIN is visible)? Or could I just call the bank and have them give me the PIN or something? I hope you guys get what I'm asking...
thanks bros...hh
If you don't have power of attorney, you're out of luck.☕
feralgardener63 said:There is absolutely no way, man, because if your limit is 5000 then the total sum of everything you spend simply cannot exceed that number, otherwise you'll just get a little slip of paper telling you insufficient funds I've tried it myself and seen it happen firsthand. It won't even process online either. It really would be nice if it actually worked like that, wouldn't it?🙂
Hey, I'm starting a new thread here because I just picked up a student Diners Club card. Quick question: what's the minimum amount required to use an installment plan? I heard somewhere that it has to be more than $167, but is that actually true, or is it totally up to the merchant? Also, if my credit limit is, say, $1667, and I buy a laptop for $2000 using 12 monthly installments, does the part that exceeds my limit (that extra $333) get charged all at once next month, or is the whole thing spread out over the 12 months? Anything else I should watch out for, like interest rates or random fees? Any info helps.🙂
Joseph Carter9 said:I’m trying to figure out exactly what documentation I need to open a checking account at a bank; I have a specific reason for this. I submitted a news tip to ABC News regarding an article they just published 🙂 ; and now they need my account details to wire over a certain amount of money.
Honestly, it doesn't matter which bank I use.
Thanks for the help.
Probably just a driver's license. At least that's how it works for foreign currency accounts.
My TAN card for online banking showed up yesterday. They’re fast, I'll give them that. Only took two business days.👍Now I'm just waiting on my Visa card and PIN to arrive.🙄If the speed stays this consistent, I might actually start liking JPMorgan Chase.🤣 😬 😎 (how can I even argue😬)
Terry Howard said:From what I gather, you can't really use a standard debit card for online shopping since most people use credit cards for that instead. Debit cards are usually just for direct hits. So, if you made a trip down to Chase just to grab one of those, you probably could've skipped the hassle.
Yet everyone is telling me something different. Whatever, I'll check when it arrives and let you guys know.🙂
Stopped by JPMorgan Chase today to set up a foreign currency account and get my online banking sorted. Everything was wrapped up in five minutes flat; the teller mentioned my card should arrive in about 10 to 15 days. 👍
Before that, I swung by New York City to close out a savings account. That was... an experience, to say the least. 🙄 I’d estimate she spent at least 20 minutes just trying to close the thing. 😎 It’s funny how they move lightning-fast when they’re taking your money, but as soon as you need something from them, everything grinds to a halt. She’s clicking around on her computer, then heading back to chat with her manager about what to do, then coming back to grab the passbook, then running off to make copies, then returning to stare at the screen because she’s still confused. She even tells me, "Oh, since you haven't made any deposits in a while, you aren't showing up in our system." Basically, if I give them cash and stop showing up, they wipe me from the records, but heaven forbid they accidentally delete a loan entry. Then she takes my ID and makes a photocopy of it too. They act like they’re processing a million-dollar payout or something. 🙄 And of course, there’s that inevitable question: "So, why are you closing this account?" Honestly, I wanted to tell her it's because you guys are incompetent (but I kept that to myself 😬). Anyway, I'm just glad to be done with them. 👍