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pookel posted:In America your debit card is almost always indistinguishable from a credit card - not just in the sense of "they work the same way" but as in "your bank issues you a Visa debit card that says VISA on it and looks and works just like a credit card on credit card machines, except the money comes directly out of your account instead of you paying it off later." I just use a normal bank savings account card which works as I said, and a normal credit card.
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Jul 13, 2015 17:44
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Canada has a national debit card standard so the whole Visa debit thing never caught on. I've seen banks issuing them lately so you can use debit in the US though since everything is a loving mess there.Fo3 posted:In Australia the numbers embossed on your debit card (normal savings/transaction account), are useless anyway. Those numbers aren't your account number, and that card is useless unless a swipe terminal is working for EFTPOS, (or you go to an ATM or bank branch and use there terminal at the teller). My debit card number is not my account number but it's what I use to login to my online banking.
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Jul 13, 2015 17:48
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Aphrodite posted:Canada has a national debit card standard so the whole Visa debit thing never caught on. I've seen banks issuing them lately so you can use debit in the US though since everything is a loving mess there. My partner only has one because they didn't want a credit card and getting a m/c or visa debit card linked is only way to withdraw cash when you're overseas if you don't have a regular credit card. E: also you'll need one of them if you want to use any new tech, like paypass and smartphone payments but don't want a credit card. So expect to see them more and more in Canada I guess. The older original bank issued debit cards are limited in tech and versatility like I said before. It's magnetic swipe for them or nothing, the banks don't seem to be updating those cards. Late edit: Aphrodite posted:Our debit cards are chip cards actually, swipe cards are deprecated. Several banks also have contactless on their debit cards. I just went to the ATM (main reason why I'm up at 1AM is desperately waiting for money to show up in my account then go and get some cash out), and my bank has a new chip ATM installed. Though that could be for tourists using their overseas bank issued visa or m.c debit cards. Fo3 has a new favorite as of 18:36 on Jul 13, 2015 |
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Jul 13, 2015 18:03
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Root Bear posted:Stumbled across some artifacts while cleaning out an old cabinet at my parent's house: Oh, God, I remember those manuals. I worked tech support at the MBA school of my university and they had like 20 PCs, each of which came (no option to admit) with the full set of those manuals, and IIRC we wound up having an entire shelf of manuals that nobody looked at even once.
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Jul 13, 2015 18:17
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Our debit cards are chip cards actually, swipe cards are deprecated. Several banks also have contactless on their debit cards.
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Jul 13, 2015 18:18
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Aphrodite posted:Canada has a national debit card standard so the whole Visa debit thing never caught on. I've seen banks issuing them lately so you can use debit in the US though since everything is a loving mess there. Not true, TD only offers VISA Debit now and I think there's one more bank that does too (RBC?) It's super convenient online, although it gets kinda weird since for in-person stuff you can't use it as a credit card, only debit.
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Jul 13, 2015 18:43
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Aphrodite posted:Several banks also have contactless on their debit cards. Except BMO 
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Jul 13, 2015 19:02
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Aphrodite posted:Yeah but what if you're blind? Most of them have voice recognition for numbers. And before you ask how you learned your number to say it: bank statements come in Braille.
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Jul 13, 2015 19:08
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pookel posted:In America your debit card is almost always indistinguishable from a credit card - not just in the sense of "they work the same way" but as in "your bank issues you a Visa debit card that says VISA on it and looks and works just like a credit card on credit card machines, except the money comes directly out of your account instead of you paying it off later." Credit cards generally have more fraud prevention because it's actually the banks money so they will actually care about preventing card fraud since you're not obliged legally to pay off a purchase you didn't make and can dispute the hell out of it.
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Jul 13, 2015 21:58
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Drone_Fragger posted:Credit cards generally have more fraud prevention because it's actually the banks money so they will actually care about preventing card fraud since you're not obliged legally to pay off a purchase you didn't make and can dispute the hell out of it. I hear this all the time, but my debit card has been compromised about half a dozen times in the past two years and every time my bank issued a provisional credit immediately which was made permanent about a week later when they concluded their investigation. Are other banks just that lovely that they'd tell you it's not their problem?
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Jul 13, 2015 22:13
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Geoj posted:my debit card has been compromised about half a dozen times in the past two years drat dude, what the hell are you doing? [Knock on wood] been using debit cards for 15 years with half a dozen banks and never had my account compromised, and I use it constantly and not particularly carefully. (Kept shopping at Target, for example). Maybe it's the fact that I never have any money to steal.
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Jul 13, 2015 22:23
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Imagined posted:drat dude, what the hell are you doing? [Knock on wood] been using debit cards for 15 years with half a dozen banks and never had my account compromised, and I use it constantly and not particularly carefully. (Kept shopping at Target, for example). Beats me, I'm fairly certain the first one was from Target as it occurred immediately after it was announced. Two others were cases of "we detected likely fraudulent activity and turned off the card," two more were relatively small (under $50) transactions and the most recent was at a car dealer in Quebec. I buy stuff online regularly but it's always from reputable websites like Amazon 
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Jul 13, 2015 22:28
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Imagined posted:drat dude, what the hell are you doing? [Knock on wood] been using debit cards for 15 years with half a dozen banks and never had my account compromised, and I use it constantly and not particularly carefully. (Kept shopping at Target, for example). Same here, 10 years using my debit card anywhere and everywhere and not a single fraud alert. I've had at least 3 on my rarely-used credit card, but I've never been liable and I was always immediately sent a new card.
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Jul 13, 2015 23:43
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Geoj posted:I hear this all the time, but my debit card has been compromised about half a dozen times in the past two years and every time my bank issued a provisional credit immediately which was made permanent about a week later when they concluded their investigation. Are other banks just that lovely that they'd tell you it's not their problem? No, it's an issue of law. Credit cards have been around forever and in that time Congress has passed laws which limit your liability. If your card gets physically stolen, and the thief physically presents your card to make a purchase, you're only liable for $50 in purchases, even if you don't notify your card company because you didn't notice it was missing. If it's an online theft, you have no liability at all. The fraud isn't on you, it's an issue for the bank and the merchant to deal with. Debit cards are relatively new, and for a while they didn't have similar consumer protection laws, but they actually have for years. If your debit card gets stolen, your liability is capped at $50 if you notify the issuer within 2 business days of *noticing that it's missing*. If you don't do that, your maximum liability is $500. If you're really gormless and don't tell them that the card's gone missing for *two months after you get a bank statement which includes the unauthorized withdrawals*, only then are you liable for the full amount.
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Jul 13, 2015 23:54
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Aphrodite posted:Our debit cards are chip cards actually, swipe cards are deprecated. Several banks also have contactless on their debit cards.
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Jul 14, 2015 00:44
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Root Bear posted:Stumbled across some artifacts while cleaning out an old cabinet at my parent's house: Fo3 posted:Yeah, you can get those cards here too. I just remembered my partner as one.
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Jul 14, 2015 03:24
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Collateral Damage posted:Are those PCI certified? I have checks  Too bad I haven't written one in six or seven years. I vaguely remember it was for a car or something? Besesoth posted:Tubesock Holocaust was probably reading the Schadenfreude thread, where a story showed up about a guy freaking out and pulling a gun on a restaurant manager because the credit-card reader was down and the manager wouldn't let him leave. People in the thread started asking why the restaurant didn't have an imprinter. Alas.
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Jul 14, 2015 03:42
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GWBBQ posted:The one on the left is worth about $15-20 and the others might get you $10 each if you want to get rid of them. You're limited to ∞ withdrawals from your savings acct if you go to the bank; your withdrawals may be limited when it comes to doing ACH transactions in which case why the gently caress would you be doing ACHs from your savings account?
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Jul 14, 2015 04:02
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I live in apartment in my grandpa's house. I pay rent/utilities every month. We both bank at the same bank - TD I pay the bill though TD's bill pay site - it basically prints out a check and mails it to him every month. He must take it to the bank and deposit it. REAL HIGH TECH.
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Jul 14, 2015 04:15
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Mescal posted:You're limited to ∞ withdrawals from your savings acct if you go to the bank; your withdrawals may be limited when it comes to doing ACH transactions in which case why the gently caress would you be doing ACHs from your savings account? Because you're terrible at life and the bank won't let you open a checking account.
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Jul 14, 2015 04:16
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0toShifty posted:I live in apartment in my grandpa's house. I'm sure they've got other better options for you (including simply sending the billpay check to the bank itself so it goes quicker) Geoj posted:Because you're terrible at life and the bank won't let you open a checking account. Good point 
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Jul 14, 2015 04:33
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Fo3 posted:In Australia the numbers embossed on your debit card (normal savings/transaction account), are useless anyway. Those numbers aren't your account number, and that card is useless unless a swipe terminal is working for EFTPOS, (or you go to an ATM or bank branch and use there terminal at the teller). For me, a debit card is something that can basically be used as a credit card (like any other visa/mastercard) including for stuff online, and that kind of card is getting more popular in australia too: when I opened an account/homeloan with NAB recently I didn't even get a plain eftpos card at all, the visa debit card I got instead can also be used for atm withdrawals (just like my old eftpos card could). As for risk of using a debit card - I know two people who have had issues:
The second story is why my debit card account only has a grand in it at any one time. At the end of the day it's your cash on the line, not theirs as it is with credit.
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Jul 14, 2015 06:06
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Aphrodite posted:Our debit cards are chip cards actually, swipe cards are deprecated. Several banks also have contactless on their debit cards. Ugghhh I hate this. Sometimes it'll go Present card - won't work Insert card - won't work Swipe card - won't work Insert card - will work this time
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Jul 14, 2015 08:17
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Those old card machines are a pain. Only two of us at work know how to use them still, myself a 30 something, and our 60yo accounting lady. She retires saturday...so I guess the bank system better not crash when I'm out on lunch! I just got my hands on a recently retired Bose store display unit for their headphones. Tomorrow I plan on tearing it down to see what archaic tech is behind the fancy panels. I know the demo panels talk via serial to everything and it should be a fun tear-down.
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Jul 14, 2015 09:50
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It's a tiny old man with a one-man band set-up à la Dick Van Dyke in Mary Poppins. But at least he doesn't argue about debit cards.
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Jul 14, 2015 13:37
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Fuzz1111 posted:Whist technically debit card is a correct term for what you are referring to, eftpos card would be less ambiguous (the australian banks also have their own names like keycard, handycard, etc but they don't call it debit card). It's actually really simple. Credit cards are for a line of credit. It builds up and you pay it off. Debit cards take from your actual bank account. You have to already have the money and it pays from that. There's also charge cards which are like credit cards but need to be paid in full every month. I don't know if those are still a thing though. Anything else is just a name for a technology or some proprietary bank name.
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Jul 14, 2015 13:49
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dissss posted:Ugghhh I hate this. In the early days of chip it was more like Insert card: chip failed, swipe card Swipe card: chip detected, use chip I once had to walk to a bank and withdraw cash like some kind of caveman because the drat chip wouldn't be recognized. Thankfully the contactless cards don't insist that you use this feature.
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Jul 14, 2015 13:55
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Speaking of money, does old currency count as obsolete tech? I understand that the newer (U.S.) bills have better anti-counterfeiting technology, but I still get nostalgic for the designs of my childhood: Old $100 bill:  New $100 bill: 
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Jul 14, 2015 14:36
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They still inexplicably don't use plastics though and they're not particularly handicap-accessible.
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Jul 14, 2015 14:55
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dissss posted:Ugghhh I hate this. I've run into so many companies that have chip-enabled terminals, but the POS software doesn't support them. They probably won't be working until September. SwissCM posted:They still inexplicably don't use plastics though and they're not particularly handicap-accessible. We still make 1¢ coins in the U.S. They cost close to 2¢ to mint and ship and are largely useless.
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Jul 14, 2015 15:07
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Australia's banknotes are plastic (polymer) and fantastic. As you see they're slightly smaller each denomination so the blind have some idea what they're grabbing. We also don't have dollar notes anymore, they were replaced with $1 and $2 coins. Americans think they're fantastic as they don't get sticky, tear easily or glue together with sweat. But they are kind of prone to folding and crinkling really well making them a bastard to feed into vending machines if you happen to have one corner stuck up. But as for obsolete currency we did used to have 1 and 2 cent pieces made of bronze which were nothing more than shrapnel to lug around in your wallet. They were eventually deemed useless owing to inflation and the rising cost of bronze. But for the 2000 Olympics they did a massive collection drive and melted everyone's jars of useless coins into bronze medals. Now everything is typically rounded to 5 cents - which is the new coin to toss into the spare change jar - the nickle and copper inside it is worth more melted down. I generally feed my spares into vending machines then refund for larger coins.
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Jul 14, 2015 15:25
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dpbjinc posted:We still make 1¢ coins in the U.S. United States currency has to be the most depressing currency in all the world. It is just so boring, a dead old white man on the obverse and a bland building on the reverse. The only decent one of the lot is the two dollar note and those are super rare. And I really have no idea why you people insist on minting dollar notes like it is the 1930s. It apparently costs the American taxpayer nearly 15 million per year to keep cranking those things out over what it would cost to mint coins, and yet the government keeps doing it. Why? Because apparently enough traditionalists froth at the mouth whenever they might have to slightly alter a minor part of their lives. Stop listening to idiots, it will result in a country that is better managed. Here in Canada, we have really cool money. We've abandoned the one and two dollar note in favour of coins. No, our pockets are not so laden with metal discs that our pants fall down. Yes, we have polymer notes and they have interesting things on them, like naked ladies and a spaceman. Though to be fair, the astronaut is a relatively recent addition. Before that we had to alter things ourselves 
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Jul 14, 2015 15:32
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I'll give up the penny but only in exchange for 5,10, and $20 coins.
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Jul 14, 2015 15:34
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If we got rid of the $1 bill we would have to tip our strippers with $5's
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Jul 14, 2015 15:34
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WebDog posted:But as for obsolete currency we did used to have 1 and 2 cent pieces made of bronze which were nothing more than shrapnel to lug around in your wallet. 
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Jul 14, 2015 15:39
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Antifreeze Head posted:United States currency has to be the most depressing currency in all the world. It is just so boring, a dead old white man on the obverse and a bland building on the reverse. Dollar coins would be a big improvement though, imo. Up here in North Dakota we were big fans of the Sakakawea* dollar coin, but it didn't really catch on.  * NOT Sacajawea. She was a local girl, dammit, and we spell her name correctly, as it was pronounced. There's even a lake named after her here.
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Jul 14, 2015 15:41
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Super Waffle posted:If we got rid of the $1 bill we would have to tip our strippers with $5's You can use the $1 coins, you just feed them into the strippers like a parking meter.
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Jul 14, 2015 15:42
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Antifreeze Head posted:United States currency has to be the most depressing currency in all the world. It is just so boring, a dead old white man on the obverse and a bland building on the reverse. The only decent one of the lot is the two dollar note and those are super rare. Excuse me, but we'll soon have a dead old white woman on some bills. 
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Jul 14, 2015 15:42
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Take dollar coins to the club and make it hail
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Jul 14, 2015 15:45
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Antifreeze Head posted:United States currency has to be the most depressing currency in all the world. It is just so boring, a dead old white man on the obverse and a bland building on the reverse. The only decent one of the lot is the two dollar note and those are super rare.
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Jul 14, 2015 15:56
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