Personal Finance (Not Investing) • Charles Schwab cannot overnight a replacement debit card

I know. But only the Apple Card can be regenerated. If a BoA card was closed you would need to wait for a new physical card.

or keep more than one card loaded

That's not the point. If a card is closed for whatever reason you cannot regenerate in 5 minutes.

I get that. But if one is dependent on one card that cannot be, one sort of deserves the outcome.

If my one and only ATM card were closed like that and I really had to have cash, I'd get a cash advance on my credit card and then pay it off instantly.

Agreed, but look at how many times the Schwab ATM card has been praised by posters on BH when traveling overseas.

As I posted on another thread, I am trying to consolidate accounts including using my taxable brokerage account in lieu of a checking account. Obviously there is a risk that having one debit card that could be compromised could happen. I am not going to keep an extra account with a debit card on the very off chance that I am out of the country and the account is compromised and the debit card is shutdown. If that really happened I'd probably Western Union myself money or something like that. Most things can be done with a credit card in most places in most countries.

If you over plan for the worst case scenario in every aspect of your life I think it becomes very tiresome and wasteful. I don't want to live that way.

Statistics: Posted by michaeljc70 — Fri Mar 15, 2024 8:36 pm — Replies 76 — Views 5003

---