Quote:
Originally Posted by SmokeyTheBear
NEVER put all your eggs in one basket..
Banks are fdic insured. epassporte is not. if they vanish like ibill they vanish with all your cash , you have 0 rights.
Besides that they have limits , my checks never have limits , i just say "cash it "
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as for losing money just clean out the epass acc. out regularly
and what i prefer is definately epass over checks.
To receive a payment with epass is instantly, checks take 4 to 30 days before they even arrive. And when we look at the costs for $100:
epass: $100 - $2 (ATM fee) = $98 / 1.36 = ?72.
check: $100 / 1.36 = ?73.50 - ?12.50 (cashing fee) = ?61.
i wish cashing checks was free like in the US.... that fee of ?12.50 is per check..