A Five Dollar Prize? Just, um, wow…

by Ron


My bank just sent me a postcard with a unique opportunity to get FIVE DOLLARS (wow) deposited into my account if I only:

  • Use my check card 30 times in the next 30 days AND
  • Press “credit” instead of “debit” each time.

What gives?

When I use the debit feature of your check card, the retailer is charged less money than when I use the credit feature. As a result, the bank makes more money and it’s a lot more over the course of 30 transactions than five measley bucks.

Since I’m not a fan of my bank, I think I’d rather send those little fees to the retailers. I’m getting closer to making a decision on which bank I plan to move to (here’s a hint).







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