To: cuban leaf; Revolting cat!
Ive done some PCI compliance work. The first thing I learned was to NEVER use my debit card for purchases. If someone gets your debit card number, the money is actually taken out of your checking account. Sure, you may get it all back, but in the meantime, checks and legitimate electronic payments are bouncing and you have no money.
I "came up with an idea for that".
There's no law against have 2 checking accounts. One at one bank, one at another.
A) Use one to pay bills with checks - do not have a debit card linked to that account, just use the checks.
B) Use the other to do online purchases with a debit card.
If the bank/account you use for online purchases is kept with little to nothing in it, you will simply need to plan your online purchases, i.e., put money into the account before you make a purchase. I find that planning purchases is better than impulse buying anyway.
IMHO, the banking industry wants their customers to all have a line of credit. They know that the odds are in their favor that people with lines of credit will wind up using them. So they continually, 24x7, "educate" and advertise everywhere that consumer credit is essential. We now have a nation where very few people have any liquid net worth that is not locked up in an account with restrictions on it for "early withdrawal". People without access to capital or who carry debt are not much better off than slaves.
25 posted on
02/05/2013 1:34:09 PM PST by
PieterCasparzen
(We have to fix things ourselves)
To: PieterCasparzen
What you describe is what I do with paypal. I have a virtually empty paypal account - until I decide to use it to buy something.
27 posted on
02/05/2013 1:40:42 PM PST by
cuban leaf
(Were doomed! Details at eleven.)
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