@lancelotme wrote:
I am old fashion,reading all the troubles you guy go thru and I am not a fan of Rite Aid,why cant you folks just deposit your hard earned money in the bank linked to Paypal?
or are banks out of fashion now?
I can give you two examples, and both of them are situations I'm stuck in right now.
1) I still have an account with a bank that used to be in my local area, but closed their last brick-and-mortar branch in my city a few years ago. The only reason I really kept the account open was because I had a credit card through that same bank, and as long as I had a payroll direct deposit funding the account every month, I didn't have to pay any fees. Having a checking account linked to my credit card account was a fast, same-day way to make payments to my credit card. My problem now is that I am no longer working, so I no longer have direct deposit (and funds are now low in the account). I had enough foresight a month ago to cancel all of the automatic payments and debits coming out of that account, but completely forgot about the monthly fee (since I hadn't been charged one the whole time I had my paycheck deposited there). Monthly fee hit on the 19th of this month, and now my account is overdrawn. I need to get funds there ASAP. The nearest "branch" location is more than two hours away, and the amount I need in the account is less than what it would even cost me to drive there in gas $! BUT -- I'm almost tempted to make the stupid drive, after reading all these horror stories! I can't even find anything in the Paypal CASH faq about how long it will take for the cash to be credited & available in my account to be transferred externally. On the Paypal landing page, an ad with a picture of a woman looking at a fancy pair of shoes in a retail store says, "Need your money right away? Transfer funds with PayPal and your funds can be available in your account within 30 minutes*" (and of course the * part is that funds *CAN* be available within 30 minutes -- but it CAN also take longer). So how long could it be?! If I can get money to the other account soon enough, my bank will probably waive the overdraft fee for me, since I've been a long-time customer. But what if I take my cash to 7-11, RiteAid or CVS like everyone in this string of messages has and suddenly my funds have disappeared into thin air? Then I'm out that money AND I'll be waiting around for days to find out what happened!
2) I also have another checking account, this one with Capital One 360, which used to be ING Direct. I used to really love ING Direct; Capital One 360 -- not so much. ING was an online-only bank that saved money not having the expenses of a traditional brick-and-mortar bank with locations in all the major cities -- so through those savings they were able to pay higher interest rates for basic savings accounts, as well as offer their customers free interest-bearing checking accounts with no fees. They do accept deposits of checks through their mobile app -- just snap a pic of the check and deposit the funds (takes a few days to be credited, but sometimes that's the case even at a traditional bank). BUT -- if I need to deposit cash, there's no way to do it locally. They did say they had ATMs in some cities that could accept cash deposits, but I have yet to find one in my area that actually does that.
UGHHHHH.
