Wal-Mart, Amex take on banks with Bluebird debit card
Nov 28, 2012, 9:47 pm
#3331
Join Date: Jun 2012
Posts: 86
To any of the people who paid Amex bills with BB:
Did any of you buy any vanilla with that same Amex?
This is obviously the easiest way to move things around but seems to be a fairly tight circle (and all within Amex!). Seems concerning.
Also, as a datapoint, I have been buying $1k in vanilla every week for 4 weeks and haven't had any problems with Amex (yet!), although I am nervous of FR.
Did any of you buy any vanilla with that same Amex?
This is obviously the easiest way to move things around but seems to be a fairly tight circle (and all within Amex!). Seems concerning.
Also, as a datapoint, I have been buying $1k in vanilla every week for 4 weeks and haven't had any problems with Amex (yet!), although I am nervous of FR.
Nov 28, 2012, 10:00 pm
#3332
Join Date: Jul 2001
Location: DTW
Programs: AA Gold, Marriott Titanium
Posts: 819
A manager at my OD said she was surprised the new VR's haven't shown up yet considering it's the holiday shopping season. She indicated they would have more fraud protection.
So what would this added fraud protection be?
So what would this added fraud protection be?
Nov 28, 2012, 10:28 pm
#3333
Join Date: Jan 2003
Location: Fairfield County, CT USA
Programs: AA PLT+2MM / DL DM+1MM / A3 *G / Fairmont LT Plat / Ritz Gold / SPG Gold
Posts: 4,077
Yep, that's the 9d I was referring to (I edited my post to correct 8d to 9d). It falls right after the section on "Debit Card". By giving debit cards their own section (9c) I think the lawyers confused the understanding of where debit cards stand with regard to Cash Funding Sources. Debit cards, their limits and fees are detailed in 9c. If the debit card rules change in 9d it should be noted in 9d that the Cash Funding Sources would include debit cards.
The intent in te document was cash and cash equivalents could be loaded at WM for no fee.
Remember, WM wants to be a bank (they've tried for years to convert their Industrial Bank into a retail operation). They want another reason to drive traffic to the store. Offering a fee break on reloads is another thing they can do to get people into the store (versus reloading online).
Think of BB as a Walmart bank account.
Nov 28, 2012, 10:29 pm
#3334
Join Date: Jan 2003
Location: Fairfield County, CT USA
Programs: AA PLT+2MM / DL DM+1MM / A3 *G / Fairmont LT Plat / Ritz Gold / SPG Gold
Posts: 4,077
It was NYBanker's post referring to "WF" that got me looking into the Well's Fargo ppd card, and locations for WF ATM's. (Thanks NYB). Until now, the debit card fees gave me a problem. If they don't apply when used at Walmart then I'm thinking you could also use a WF ppd card ($3) monthly fee, load it with Chase card (purchase) and apply this to the BB at WM. Any other fees I'm missing?
Nov 28, 2012, 11:11 pm
#3335
Join Date: Jul 2001
Location: DTW
Programs: AA Gold, Marriott Titanium
Posts: 819
From the experience you've had loading BB at WM with a WF ppd I agree with the "intent" of the document. It's the "each time" in the note on 9c that needs clarification. "Each time" should mean each time in a legal document. Kind of loosy goosy for AmEx high paid lawyers.
Nov 28, 2012, 11:17 pm
#3336
Join Date: Jul 2001
Location: DTW
Programs: AA Gold, Marriott Titanium
Posts: 819
Nov 28, 2012, 11:34 pm
#3337
Join Date: Nov 2007
Posts: 48
Actually in the process of doing so...just was hoping there were some other alternatives that didn't require me having to involve a friend or family member and that weren't limited to $1k/mo. I've got $4K worth off OneBean's and would rather not have to pull the cash out of my foreign high interest savings account to pay my CC off.
Nov 29, 2012, 12:12 am
#3338
Suspended
Join Date: Jun 2011
Posts: 639
anyone try the red circle amex to reload BB in Walmart?
Nov 29, 2012, 1:09 am
#3339
Join Date: Nov 2012
Posts: 19
I believe the WF debit card has a limit of a maximum of $600 "per transaction" - so if you want to use it to load your BB account, it appears you have to do that $600 at a time. I have not tried this yet as the closest WalMart is not very close to me. Before I head out there to do that, I've been wondering...
Let's say I have $1200 loaded on my WF debit card. Can I go to WalMart and do three $600 transactions, one after another, to move that $1200 from the WF DC to BB? Has anyone here done that?
Thanks.
Let's say I have $1200 loaded on my WF debit card. Can I go to WalMart and do three $600 transactions, one after another, to move that $1200 from the WF DC to BB? Has anyone here done that?
Thanks.
Nov 29, 2012, 1:20 am
#3340
Join Date: Jun 2011
Location: San Diego, CA
Programs: Yes.
Posts: 516
No, you should checkout the first page of the WF thread for more details. It's 600/day cap.
Nov 29, 2012, 2:58 am
#3341
Join Date: Sep 2001
Location: Washington, DC
Programs: UA Plat MM, AA Gold, Hyatt Explorist, Hilton Gold, IHG Plat, Marriott Titanium Elite
Posts: 5,015
Nov 29, 2012, 4:28 am
#3342
Join Date: Aug 2011
Posts: 157
Good for you to do the digging.
Now someone can try it aboard - though God helps you in case your BB is stolen and you need to call to report it. (This would be just as tough if it happens domestically.)
One more consideration - the exchange rate used to convert it to the US fund on the account. AMEX is not famous for competitive exchange rate fwiw.
Now someone can try it aboard - though God helps you in case your BB is stolen and you need to call to report it. (This would be just as tough if it happens domestically.)
One more consideration - the exchange rate used to convert it to the US fund on the account. AMEX is not famous for competitive exchange rate fwiw.
Nov 29, 2012, 5:54 am
#3343
Join Date: Aug 2005
Location: DFW
Programs: AA Exec Plat, IHG Plat, Marriott Plat, HHonors Diamond
Posts: 316
I had asked Amex and just made a charge internationally last week and the exchange rate was fair and there were no transaction fees.
When I heard about no ATM fees on the Frequent Miler Blog I was intrigued because the best I have right now is 1% of the amount taken out.
Headed to Asia next month - will try and see if it works
When I heard about no ATM fees on the Frequent Miler Blog I was intrigued because the best I have right now is 1% of the amount taken out.
Headed to Asia next month - will try and see if it works
Good for you to do the digging.
Now someone can try it aboard - though God helps you in case your BB is stolen and you need to call to report it. (This would be just as tough if it happens domestically.)
One more consideration - the exchange rate used to convert it to the US fund on the account. AMEX is not famous for competitive exchange rate fwiw.
Now someone can try it aboard - though God helps you in case your BB is stolen and you need to call to report it. (This would be just as tough if it happens domestically.)
One more consideration - the exchange rate used to convert it to the US fund on the account. AMEX is not famous for competitive exchange rate fwiw.
Nov 29, 2012, 6:09 am
#3344
Join Date: Mar 2010
Location: Tokyo
Posts: 586
I had asked Amex and just made a charge internationally last week and the exchange rate was fair and there were no transaction fees.
When I heard about no ATM fees on the Frequent Miler Blog I was intrigued because the best I have right now is 1% of the amount taken out.
Headed to Asia next month - will try and see if it works
When I heard about no ATM fees on the Frequent Miler Blog I was intrigued because the best I have right now is 1% of the amount taken out.
Headed to Asia next month - will try and see if it works
Nov 29, 2012, 6:24 am
#3345
Join Date: Nov 2011
Posts: 17
To any of the people who paid Amex bills with BB:
Did any of you buy any vanilla with that same Amex?
This is obviously the easiest way to move things around but seems to be a fairly tight circle (and all within Amex!). Seems concerning.
Also, as a datapoint, I have been buying $1k in vanilla every week for 4 weeks and haven't had any problems with Amex (yet!), although I am nervous of FR.
Did any of you buy any vanilla with that same Amex?
This is obviously the easiest way to move things around but seems to be a fairly tight circle (and all within Amex!). Seems concerning.
Also, as a datapoint, I have been buying $1k in vanilla every week for 4 weeks and haven't had any problems with Amex (yet!), although I am nervous of FR.