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New bank ideas in liu of Citibank's 7 day withdrawls bull. — Brooklynian

New bank ideas in liu of Citibank's 7 day withdrawls bull.

Subject: New bank ideas in liu of Citibank's 7 day withdrawls bull.

SO I was reminded by another poster's post, that I am still in need of a new bank.
I used to bank with Citibank, because they waived fee's if you had direct deposit, and did not have a minimum balance or weird ATM fees.

Fast forward to my recent bank statement. They are imposing a MANDATORY 7 day notice to give permission on cash withdrawals of your own money. This is for ANY amount. I verified this by calling them and being told that they could not put in writing or guarantee, that I could withdraw any amount below 300 without the 7 day notice, even though its MY money.

So my question: Where do you bank, and how good are the terms?

I hate Chase, because of their ATM inquiry fee's, the fact that they seem to bill me for writing checks. I use more than 7 checks a month.

I'm looking for:
Free checking with direct deposit, Cash back without fees, ATM inquiries without fees, No minimum balance, and Free check writing, or at least most of these listed things. Convenient locations or many branches IS NOT an issue. I can hike for good service.

So any suggestions?

Thanks in advance. :D

Comments

  • We need to PEACEFULLY do much more advocating for our Constitutional Rights, only vote for those who have constantly voted in line with the Constitution and vote out all of those who have voted for such awful provisions where they benefit but the American people lose.


    BrooklynJack, that looks like a very interesting link as has been talked about by Huffington as well.

    Many states like Montana and California are using their own types of currency, and lawmakers in some states want to assert their Constitutional Rights.

    South Carolina Lawmaker Seeks to Ban Federal Currency
    http://www.cbsnews.com/blogs/2010/02/17/politics/politicalhotsheet/entry6217403.shtml

    As we Brooklynians and people Beyond start to have to pay interest on the huge amount of debt, we undoubtedly will have less and less money, and less resources to get to the real crux of the issue-

    How private banks and big corporations ( which have been manipulated Congress financially) are defrauding us of our Constitution and Bill of Rights -enslaving us with debt while a great many of their Wall Street buddies get Millions in bonuses and the wars that fund a great deal of the money continue.



    "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." -Thomas Jefferson





    The Private Federal Reserve Bank needs to be audited.


    The looting of our currency is just the beginning.



    We should demand that the US Constitution be followed.
    All of the 10 Sections of Article I of the US Constitution spell out how Congress must represent the people and have oversight into what happens with our currency.
    http://topics.law.cornell.edu/constitution/articlei


    The Private Federal Reserve Bank refuses to tell Congress where Trillions of the bail out money has gone saying that it is a matter of national security issue even though Freedom of Information Acts have long since been filed.

    Some brave men in Congress, like Ron Paul have been demanding why our bailout money is even going to foreign banks overseas!


    Both political parties are, to a large extent, dysfunctional at this point, and the American public who are against this fraud are seeing this more and more.



    U.S. Constitution: Article I Clause 18. Necessary and Proper Clause
    http://caselaw.lp.findlaw.com/data/constitution/article01/44.html


    So, as no complete oversight continues, and we loose more and more of our purchasing power of the Federal Reserve Note and the World Central Banks call for a new replacement currency and new Global Government Laws since we are not PEACEFULLY advocating for the upholding of our US Constitution enough, there are already Executive Orders and FEMA Centers in place for when Martial Law comes.

    Louisiana Cops Plan for “End of the World” Scenario " Operation Exodus ".
    Instead of normal riot equipment such as shields and batons, the volunteers will be armed with shotguns and have access to a .50-caliber machine gun mounted on a vehicle dubbed “the war wagon.” This not just for natural or unnatural disasters, it can be for an economic collapse, bio-threat...
    http://www.infowars.com/louisiana-cops-plan-for-end-of-the-world-scenario/



    Oh, and if you do not want the Global Government of the much called for "New World Order" you might then be labeled as wanting to "overthrow" that Global Government by wanting to follow the Sovereign US Constitution and could even be labeled a "domestic terrorist".
    Of course, with awful acts like the "Patriot Act" you would not have to have a trial and torture could happen...



    Obama Signs Extension of PATRIOT Act Feb. 27th 2010
    http://www.democracynow.org/2010/3/1/headlines/obama_signs_extension_of_patriot_act


    FEMA's 911 Concentration Camps
    http://www.freedomfiles.org/war/fema.htm


    Think that the "New World Order" idea is only a conspiracy theory?
    Research it more. Research quotes from people calling for it.
    Research how the European Union, North American Union, Asian Union and African Union, NORTHCOM, all play into this.
    Research how people who were in the Military and who are now a part of "Oath Keepers" http://oathkeepers.org/oath/
    are speaking op on these issues when they found out that these awful things are really going on.

    These issues are terrifying, but the more that people wake up to what is going on, the more we can PEACEFULLY advocate for the real change we all so desperately desire.

    Be on point.

    Recognize.

    Hope for the best, prepare for the worst.

    Keep your head up.
  • I like ING direct. the only downside is free atms are not plentiful, but they are in every duane reade. the market on the corner of 12th st and 8th ave is free for ING as well
  • Subject: Re: New bank ideas in liu of Citibank's 7 day withdrawls bu

    The Psycho-ologist wrote: SO I was reminded by another poster's post, that I am still in need of a new bank.
    I used to bank with Citibank, because they waived fee's if you had direct deposit, and did not have a minimum balance or weird ATM fees.

    Fast forward to my recent bank statement. They are imposing a MANDATORY 7 day notice to give permission on cash withdrawals of your own money. This is for ANY amount. I verified this by calling them and being told that they could not put in writing or guarantee, that I could withdraw any amount below 300 without the 7 day notice, even though its MY money.

    So my question: Where do you bank, and how good are the terms?

    I hate Chase, because of their ATM inquiry fee's, the fact that they seem to bill me for writing checks. I use more than 7 checks a month.

    I'm looking for:
    Free checking with direct deposit, Cash back without fees, ATM inquiries without fees, No minimum balance, and Free check writing, or at least most of these listed things. Convenient locations or many branches IS NOT an issue. I can hike for good service.

    So any suggestions?

    Thanks in advance. :D
    wow - I had not noticed that about Citi, and it doesn't seem like something that will fly. Seven days? Obvi that's not the case with their ATMs/under $300
  • The chances are it's been a part of your account for a while, nor do they plan on enforcing it.

    More info here: http://consumerist.com/2010/02/citibank-freaks-out-customers-with-weird-7-day-rule-on-withdrawals-but-its-not-as-devious-as-it-look.html
  • doublediamond wrote: The chances are it's been a part of your account for a while, nor do they plan on enforcing it.

    More info here: http://consumerist.com/2010/02/citibank-freaks-out-customers-with-weird-7-day-rule-on-withdrawals-but-its-not-as-devious-as-it-look.html
    Thx for the link, dd. It explains a lot. Also, that it's on Chase accounts.
  • "A Citibank rep quickly moved to clarify the rule, and he pointed out that it's actually required by federal law for certain types of accounts, and it's not unique to Citibank, and they don't intend to enforce it." -from the Consumerist.com

    If Federal Law requires that they may be required to enforce it at some point, and Citibank says that do not intend to enforce it, well, right now,
    it still is a red flag to recognize that our economic situation is on very shaky ground and the FDIC (Federal Deposit Insurance Corporation) is as well,
    and this in turn will effect us in Brooklyn.

    The reason why I mention the New World Order in reference to these banking regulations is that when very powerful people who run the Federal Reserve Bank have control over monetary policy for all of the US banks and when they call for a New world Order, a new currency, and end to Congressional oversight on their dealings, record amounts of profits for themselves, and we get stuck with the bill in the end,
    I want to know more about this new order because it hardly seems fair.

    If a person tried to rip me off I would call them on it.

    Top economists are worried about bank runs since these crooks seem to be looting from the very top.

    Citibank Controversy Puts Dubious FDIC Guarantee Back In The Spotlight
    http://www.prisonplanet.com/citibank-controversy-puts-dubious-fdic-guarantee-back-in-the-spotlight.html

    Wouldn't a person rather know sooner than later that the situation was tenuous even if it was scary stuff?
    Sometimes, before awful things happen there are warning signs to spot.

    Nothin wrong in urging people to not be afraid and to get more involved for our civil rights rather than just being so shocked and admitting defeat by not seeing that these topics really do check out.

    US Debt Clock
    http://www.usdebtclock.org/
  • Subject: Re: New bank ideas in liu of Citibank's 7 day withdrawls bu

    pitu wrote: [quote=The Psycho-ologist]SO I was reminded by another poster's post, that I am still in need of a new bank.
    I used to bank with Citibank, because they waived fee's if you had direct deposit, and did not have a minimum balance or weird ATM fees.

    Fast forward to my recent bank statement. They are imposing a MANDATORY 7 day notice to give permission on cash withdrawals of your own money. This is for ANY amount. I verified this by calling them and being told that they could not put in writing or guarantee, that I could withdraw any amount below 300 without the 7 day notice, even though its MY money.

    So my question: Where do you bank, and how good are the terms?

    I hate Chase, because of their ATM inquiry fee's, the fact that they seem to bill me for writing checks. I use more than 7 checks a month.

    I'm looking for:
    Free checking with direct deposit, Cash back without fees, ATM inquiries without fees, No minimum balance, and Free check writing, or at least most of these listed things. Convenient locations or many branches IS NOT an issue. I can hike for good service.

    So any suggestions?

    Thanks in advance. :D
    wow - I had not noticed that about Citi, and it doesn't seem like something that will fly. Seven days? Obvi that's not the case with their ATMs/under $300

    No, the ATM cash withdrawals 7 day notice thing is not in effect until April 1st 2010 and they claim that "they reserve the right to ask for 7 days advance notification". It doesn't mean that they will do it, but it also doesn't guarantee that they WONT :shock:
  • doublediamond wrote: The chances are it's been a part of your account for a while, nor do they plan on enforcing it.

    More info here: http://consumerist.com/2010/02/citibank-freaks-out-customers-with-weird-7-day-rule-on-withdrawals-but-its-not-as-devious-as-it-look.html
    I have my original account opening papers and I did NOT see that in the fine print. I just re-read them too. I also don't think its fair to have to ASK FOR MY MONEY from a bank and have to give them 7 days notice to take out MY MONEY. I m just going to vote with my pocketbook by shopping for a bank, that doesn't treat me like an errant child whom they are giving allowance to. I earned my money, I should be able to use it whenever I want to.

    And the consumerist article just doesn't make sense to me: What incentive is there in a checking account where you cannot take out your money. The only incentive I see is for an insolvent bank to hold on to cash (that is not theirs), in case they have a bank run.
  • BrooklynJack wrote: did you check out

    http://moveyourmoney.info/
    I am looking into Dime, Carver bank, and a couple of others, but I don't know of any small local banks. I wish I could get more suggestions. Thanks for the post by the way
  • vidro3 wrote: I like ING direct. the only downside is free atms are not plentiful, but they are in every duane reade. the market on the corner of 12th st and 8th ave is free for ING as well
    thanks, Im on their website now :D
  • Folks, has anyone thought of asking Chase or Citi for a non-interest-bearing checking account? Given the explanation above, the 7 day notice requirement only applies to to accounts which offer "promotional incentives" (such as payment of interest to the customer), and would not apply to ordinary, non-interest-bearing checking accounts.
  • Subject: Re: New bank ideas in liu of Citibank's 7 day withdrawls bu

    The Psycho-ologist wrote: ...is not in effect until April 1st 2010
    wait a sec...April 1st?
  • One other option that I am considering is USAA, It is totally online checking and reimburse ATM fees and you can scan you checks for deposit and upload them. We have all of our insurance through them and they have outstanding customer service. I don't think you have to be a member to bank with them
  • Would like to learn more about local/regional banks and info on this post. I learned that as long as you make at least five debit purchases per month on chase banking you will not be charged a fee. I also receive counter checks that way I don't have to pay for a box of regular checks. Something new every day.
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