Comments on: Who Takes Back the Pennies? http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/ Fri, 04 Jul 2008 21:02:31 +0000 http://wordpress.org/?v=abc By: Sun http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/#comment-13323 Sun Sat, 07 Jul 2007 19:28:19 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/who-takes-back-the-pennies/#comment-13323 Minimum Wage: I am afraid I don't have the exact answer you need, but I feel that using trial deposit is just for quick processing and convenience. You can always use traditional method such as mailing back a mail for exactly the same verification purpose. I like trial deposit because I don't have to wait a week to use the account. Minimum Wage: I am afraid I don’t have the exact answer you need, but I feel that using trial deposit is just for quick processing and convenience. You can always use traditional method such as mailing back a mail for exactly the same verification purpose. I like trial deposit because I don’t have to wait a week to use the account.

]]> By: Minimum Wage http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/#comment-13038 Minimum Wage Thu, 05 Jul 2007 07:53:11 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/who-takes-back-the-pennies/#comment-13038 Question: My credit union rejects deposits less than $1. (I discovered this when PayPal verification deposits were not received.) What do they do if their deposits are not accepted? Question: My credit union rejects deposits less than $1. (I discovered this when PayPal verification deposits were not received.) What do they do if their deposits are not accepted?

]]> By: MoneyNing http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/#comment-12713 MoneyNing Mon, 02 Jul 2007 05:49:16 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/who-takes-back-the-pennies/#comment-12713 It does make sense for the bank to take back the cash. Imagine that you made 100 accounts, and then you would add 99 balance transfers to each account. Let's say you get $1 for each balance transfer setup, after 100 accounts, you would be getting like $10k free. (I actually thought about doing this when I first had those online saving accounts, but some of my accounts took the money back, and it destroyed my amazing money making idea). It does make sense for the bank to take back the cash. Imagine that you made 100 accounts, and then you would add 99 balance transfers to each account. Let’s say you get $1 for each balance transfer setup, after 100 accounts, you would be getting like $10k free.

(I actually thought about doing this when I first had those online saving accounts, but some of my accounts took the money back, and it destroyed my amazing money making idea).

]]> By: Sun http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/#comment-12700 Sun Mon, 02 Jul 2007 02:02:59 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/who-takes-back-the-pennies/#comment-12700 Shadox: True, it's not my money, but I consider it a good gesture if they like me keep it. Speaking of costs, everybody probably get dozens of junk mails from banks, brokers, credit card companies every month. When I get those mails, I only take a quick look then shred it. Do you think banks should send out less junk mails that nobody is going to take action with them and save some money on postage and print and paper as well? There are many places they can save 40 cents. Shadox: True, it’s not my money, but I consider it a good gesture if they like me keep it. Speaking of costs, everybody probably get dozens of junk mails from banks, brokers, credit card companies every month. When I get those mails, I only take a quick look then shred it. Do you think banks should send out less junk mails that nobody is going to take action with them and save some money on postage and print and paper as well? There are many places they can save 40 cents.

]]> By: Super Saver http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/#comment-12682 Super Saver Sun, 01 Jul 2007 14:11:38 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/who-takes-back-the-pennies/#comment-12682 Sun, On a tangent, it is a bit concerning that Zecco was able to take out the money without any additional authorization from you. What if they had added 3 or 4 zeroes inadvertently, and took $4000 from one's account? I'm sure one would get it back, but it still would be a headache. Sun,

On a tangent, it is a bit concerning that Zecco was able to take out the money without any additional authorization from you. What if they had added 3 or 4 zeroes inadvertently, and took $4000 from one’s account? I’m sure one would get it back, but it still would be a headache.

]]> By: Shadox http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/#comment-12647 Shadox Sun, 01 Jul 2007 02:09:24 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/who-takes-back-the-pennies/#comment-12647 Why shouldn't they take back the cash? It's only pennies for you but consider that they probably have tens of thousands, if not hundreds of thousands of transactions like this per year. This money adds up quickly. I am not exactly clear about why you would feel annoyed by this? After all it is their money, and transfers were made merely to verify your account. Why shouldn’t they take back the cash? It’s only pennies for you but consider that they probably have tens of thousands, if not hundreds of thousands of transactions like this per year. This money adds up quickly. I am not exactly clear about why you would feel annoyed by this? After all it is their money, and transfers were made merely to verify your account.

]]> By: Avie http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/#comment-12638 Avie Sun, 01 Jul 2007 01:14:36 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/who-takes-back-the-pennies/#comment-12638 etrade did NOT take back 0.97 and 0.61 etrade did NOT take back 0.97 and 0.61

]]> By: rocketc http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/#comment-12636 rocketc Sun, 01 Jul 2007 00:41:26 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/who-takes-back-the-pennies/#comment-12636 Emigrant Direct .19 from one account and 1.26 from another account. Emigrant Direct .19 from one account and 1.26 from another account.

]]> By: Sun http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/#comment-12623 Sun Sat, 30 Jun 2007 21:41:12 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/who-takes-back-the-pennies/#comment-12623 Thanks for the information, James. I didn't know WaMu takes back the deposits as well. It seems brokerage firms are not the only companiesthat are "cheap." Thanks for the information, James. I didn’t know WaMu takes back the deposits as well. It seems brokerage firms are not the only companiesthat are “cheap.”

]]> By: James E Watson http://www.thesunsfinancialdiary.com/investing/who-takes-back-the-pennies/#comment-12588 James E Watson Sat, 30 Jun 2007 16:17:45 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/who-takes-back-the-pennies/#comment-12588 AmeriTrade took back 0.61 Washington Mutual took back 1.04 E-Loan did NOT take back 0.98 ING Direct did NOT take back 0.27 AmeriTrade took back 0.61
Washington Mutual took back 1.04
E-Loan did NOT take back 0.98
ING Direct did NOT take back 0.27

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