Comments on: OK, this one isn’t quite so vexing http://www.mightybargainhunter.com/2005/09/22/ok-this-one-isnt-quite-so-vexing/ Personal finance, commentary, and spending less the easy way Fri, 19 Mar 2010 14:24:44 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: mbhunter http://www.mightybargainhunter.com/2005/09/22/ok-this-one-isnt-quite-so-vexing/comment-page-1/#comment-154 mbhunter Fri, 23 Sep 2005 05:12:20 +0000 http://mightybargainhunter.com/2005/09/22/ok-this-one-isnt-quite-so-vexing/#comment-154 ADD, good point. I'd certainly shop around if I could. Online banks give way better interest rates on savings accounts than my credit union, that's for sure. ADD, good point. I’d certainly shop around if I could. Online banks give way better interest rates on savings accounts than my credit union, that’s for sure.

]]> By: Adult ADD and Money http://www.mightybargainhunter.com/2005/09/22/ok-this-one-isnt-quite-so-vexing/comment-page-1/#comment-153 Adult ADD and Money Thu, 22 Sep 2005 20:53:50 +0000 http://mightybargainhunter.com/2005/09/22/ok-this-one-isnt-quite-so-vexing/#comment-153 The biggest problem is that all financial institution have to operate under a new structure. Financial institutions could afford to take a loss on savings accounts because if a person had a savings or checking accounts they typically had their mortgage and other loans through the same bank. Now that there are so many options available to consumers, financial institutions can't afford to have loss leaders because consumers can easily shop around to different institutions in person, on the phone , and on-line. The biggest problem is that all financial institution have to operate under a new structure. Financial institutions could afford to take a loss on savings accounts because if a person had a savings or checking accounts they typically had their mortgage and other loans through the same bank. Now that there are so many options available to consumers, financial institutions can’t afford to have loss leaders because consumers can easily shop around to different institutions in person, on the phone , and on-line.

]]> By: mbhunter http://www.mightybargainhunter.com/2005/09/22/ok-this-one-isnt-quite-so-vexing/comment-page-1/#comment-151 mbhunter Thu, 22 Sep 2005 15:24:36 +0000 http://mightybargainhunter.com/2005/09/22/ok-this-one-isnt-quite-so-vexing/#comment-151 Wow -- two months for a copy of a check. That seems excessive. Duplicate checks are more expensive, but the extra record of the check is made automatically. I've always used duplicate checks and it's saved me a couple of times. What you're suggesting about having the checks online, that would be great. Would take a huge amount of bandwidth to do it, but I can see the possibilities. Wow — two months for a copy of a check. That seems excessive.

Duplicate checks are more expensive, but the extra record of the check is made automatically. I’ve always used duplicate checks and it’s saved me a couple of times.

What you’re suggesting about having the checks online, that would be great. Would take a huge amount of bandwidth to do it, but I can see the possibilities.

]]> By: Cathy http://www.mightybargainhunter.com/2005/09/22/ok-this-one-isnt-quite-so-vexing/comment-page-1/#comment-150 Cathy Thu, 22 Sep 2005 14:27:01 +0000 http://mightybargainhunter.com/2005/09/22/ok-this-one-isnt-quite-so-vexing/#comment-150 I get what you're saying, but sometimes the technology doesn't go far enough to make up for the lack of paper statements, etc. For example, I had a check that cleared for a different amount than what I had recorded in my register. Because the company that processed the check did so electronically, my bank didn't have a copy of it and the company said it would take 6-8 weeks to get me a copy (I'm still waiting - thanks for reminding me to follow up). I managed to figure out what caused the discrepancy, but things would have been so much simpler if I could have just called up a copy of the check online! I get what you’re saying, but sometimes the technology doesn’t go far enough to make up for the lack of paper statements, etc. For example, I had a check that cleared for a different amount than what I had recorded in my register. Because the company that processed the check did so electronically, my bank didn’t have a copy of it and the company said it would take 6-8 weeks to get me a copy (I’m still waiting – thanks for reminding me to follow up). I managed to figure out what caused the discrepancy, but things would have been so much simpler if I could have just called up a copy of the check online!

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