bloomberg on supermicro: sky is falling

David Edelman dedelman at
Fri Oct 12 21:52:44 UTC 2018

Hash: SHA1

I agree that bank fees for transfers between accounts is unusual. There may be a limit on the number of transfers you can do each month but typically no fees. 
I agree with the point about using a credit card for gas purchases, since you are currently using a debit card, you are going to be paying the credit card off each month and there is no interest charge, this assumes that you have a credit card already. If you do have a credit card and it isn't one that has awards, consider switching to one that does have awards that are useful to you. Switch all of the stuff that you would normally pay with the ATM card to the credit card but remember treat the credit card like an ATM card and pay in full each billing cycle.
I would argue that the liability protections are actually better with an ATM card since there is a requirement for the bank to make you whole without even a $50 maximum liability. The user experience may be better with the credit card.

Dave Edelman

- -----Original Message-----
From: NANOG <nanog-bounces at> On Behalf Of William Herrin
Sent: Friday, October 12, 2018 4:53 PM
To: Naslund, Steve <SNaslund at>
Cc: nanog at
Subject: Re: bloomberg on supermicro: sky is falling

On Fri, Oct 12, 2018 at 4:39 PM Naslund, Steve <SNaslund at> wrote:
> >Make a second account at your bank.  One account is 'storage' and has 
> >all your money.  You never use the 'storage account' ATM card for 
> >anything outside your bank's ATM machines.
> Doubling the service fees from your bank.

Hi Steve,

Your bank charges you service fees?

When I opened an additional checking account so I'd have something to link paypal to, it was free.

> >The second one is where you only keep $50-$100 in it.  When you use 
> >your ATM card it's only this account that's used.  Just before you 
> >make a purchase, move money from your 'storage account' into your 
> >'active account' and make the purchase.
> Don’t really want to be doing transfers with service fees every time I 
> decide to fill up the gas tank.

Your bank charges you a service fee to move money from one account to another at the same bank? Weird. Also, why would you buy gas (or anything else) with a debit card? Your legal liability protections with a credit card are better. Under the Fair Credit Billing Act, the consumer's maximum liability for a credit card breach is $50 and most banks waive that as well.

Bill Herrin

- --
William Herrin ................ herrin at  bill at Dirtside Systems ......... Web: <>


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