Sending Money

[wilmc]

... in response to Yep, posted by MarkInTx on Jun 17, 2002

Be sure you read the fine print on those debit card applications.  Some of them can go after your savings or other checking accounts within the same bank to cover any overdrafts.  Also you do not have the same theft protection that you do with a credit card.

I got a low credit limit, $1000, from USAA for my son in college.  USAA does not charge a service fee for cash advances and they do not rip you off on the currency conversions either.  Most banks charge about 3% fee for currency conversion and then do not use the wholesale conversion rate either.

[rojak]

... in response to debit cards, posted by wilmc on Jun 18, 2002

No worry about currency conversion in our case: we put dollars in, she takes dollars out of the ATM. And no charges whatever except the 2% of the amount withdrawn.

[Oscar]

... in response to Re: debit cards, posted by rojak on Jun 18, 2002

Could you comment on this..

Later

[Apk1]

... in response to Re: Sending Money, posted by rojak on Jun 17, 2002

That is what I was about to do...seemed the most logical and cheepest, but I did not think about the convenience of a credit card also, sure beats her running to the atm everytime!