Is there any online bank or pre-paid card that isn't hated?

For just about anything you want to get off your chest about credit cards.
8 posts
Moneybags
 
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Is there any online bank or pre-paid card that isn't hated?

Postby Moneybags » Sun Feb 10, 2013 11:01 am

I do not want a credit card. I couldn't get one anyway.

All I want is an account that I can use so I can buy stuff online. I am scared to death to use my real banking account. Someone is going to take all the money out "by accident."

So, I thought I'd get an online bank and transfer money to it. Apparently they are all evil based on a 90% of all reviews for *all* institutions.

Then, I thought I'd just get a pre-paid card of some sort. Now I find out people don't like them.

After reading horror stories on online banking, I think I just want pre-paid card of some sort. Are *any* of them any good? What can I do? I have to pay $15 a month to open a sub account at my bank. No thank you.


F1098
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Postby F1098 » Tue Feb 12, 2013 1:43 am

AMEX PRG NPSL
AMEX EveryDay: 1,000
Discover IT: $11,200
BoA Visa: $11,500
BoA Cash Rewards: $1,500
Barclays NFL Extra Points: $3,500
Barclays Rewards: $1,500
Capital One VentureOne: $7,500
Capital One No Hassle Rewards: $2,750
Capital One Quicksilver Rewards: $1,200
Chase Slate: $3,200
ENT FCU/Élan: $400

Store:
Eddie Bauer: $1,050
Wal-Mart: $3,200

lennyj17
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Postby lennyj17 » Tue Feb 12, 2013 9:14 am

If you're somewhere that is a Chase Market the Chase Liquid is better than the AMEX prepaid cards. Because you get free unlimited use of Chase ATM's and the fees are comparable and as simplistic as AMEX prepaid.


DavidNY
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Postby DavidNY » Tue Feb 12, 2013 9:25 am

Chase Liquid has a monthly fee of $4.95. Amex prepaid cards are free as long as you're not using them at an ATM.

Bank of America's eBanking account is free as long as you only use their ATMs for deposits/withdrawals.

For online banks, it depends what you're looking for, for example Charles Schwab Bank reimburses ATM fees.

cashback
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Postby cashback » Tue Feb 12, 2013 9:51 am

Get BlueBird
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

RewardHop
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Postby RewardHop » Tue Feb 12, 2013 11:15 am

Ally Bank. I've been using it for over 2 years, its awesome. You call their customer service and you speak to an American with usually 1-2 minute waits (they even tell you the wait time on their web site). You get a very good interest rate on both Checking and Savings accounts. You get free checks. You get free withdrawals at any ATM and at the end of the month, they reimburse you for 100% of the ATM fees.
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

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Calipso
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Postby Calipso » Tue Feb 12, 2013 3:52 pm

I'll go as far as saying using an online bank or debit card for online purchases as stupid.

Reasons:
#1. If you get scammed, good luck getting your cash back from your bank. Most banks offer little protection for debit purchases and it if you do get YOUR money back it will take some time.
#2. Your money is the one being put at risk paying with debit. Using a credit card (and paying in full) you are using the BANK'S money.
#3. Companies like Amex have purchase protection. Comes in handy when needed.

I have five debit cards (Local bank, RTN FCU, CCCU, NFCU, DCU) and I only use one to withdraw cash from an ATM on the rare transactions I do with cash.
My Limits:
NFCU NavCheck: $15,000/NFCU Platinum: $11,500/NFCU nRewards: $8,000
Chase Freedom: $6,500/Chase Slate: $6,000/CSP: $5,000/Marriott Rewards Primier: $5,000/United MileagePlus Explorer: $5,000/Southwest Primier: $3,000
Citi Hilton HHonors: $9,700/Citi Simplicity: $8,200/Citi Forward: $5,500
AMEX Blue Cash Everyday: $8,000/SPG AMEX: $5,000/AMEX Everyday: $5,000/AMEX Delta Skymiles Platinum: $3,400
Discover IT: $7,700
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN FCU CC: $2,000
CCCU Platinum Rewards Visa: $2,000

Current total limit: $129,500


s.jessica
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Postby s.jessica » Tue Feb 12, 2013 9:45 pm

I use INGDirect and I think they are great. I agree credit cards are the best option for security, but not everyone wants or can get a credit card. I use several cards for building credit only, but prepaid is nice to help control spending. I don't think KAIKU is so evil, only $1.95 per month and you can load from paypal. I would recomend Bluebird, but it's an Amex product so you might run into acceptance issues. As for the easiest, I'd look for something you can link to your bank account so you can easily add funds for free and I'd look for low or no monthly fees. Bluebird does give you more ways to add funds and you can add cash at Walmart for free for when you need funds on your card quickly. I fully understand, only keep on the card what you need so a thief would only have access to the $200 left on your card which would hurt less than the $20,000 in your checking account. The only thing that's really hated with some cards is they are loaded with fees, and it makes little sense to pay someone to hold your money. The good news is fees can be avoided if the card is used properly, so be sure to read over the terms and all the fees.



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