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I’d be shocked if you can find a major bank that doesn’t have a similar program.

toomuchtodo 3y ago
Credit union with Zelle support for the Zelle support. Fidelity for everything else (brokerage, retirement, checking account), Wise for international FX digital wallet. (work in financial services, so I am familiar with the product landscape)
- janalsncm 3y ago
  Do you use credit cards? If not, just know you are leaving cash on the table. Stores have to pay high transaction fees on “premium” cards, which leads them to raise their sticker price. So if you pay cash, you’re basically subsidizing cash-back cards. If I spend $2k a month on my card and get 1.5% back, that’s $30 a month. It adds up.
  - deleted 3y ago
    [deleted]
  - hypothesis 3y ago
    Just you wait until lots of places wise up to whole thing and start ambushing you with “btw, we have a 2.xx+% surcharge for credit card tx” at the register. Happens quite a lot lately…
    - toomuchtodo 3y ago
      This is good. It pushes people to use cash, debit, or soon, FedNow instant payments.
    - janalsncm 3y ago
      It happens, but mainly in places like gas stations. And payment processors (Visa, MasterCard) don’t allow businesses to charge different prices to different cards.
      - ffpip 3y ago
        > don’t allow businesses to charge different prices to different cards. That changed a few weeks ago "Both card networks also agreed to cap rates for five years and remove anti-steering provisions. Merchants will have more discretion to offer discounts, or impose surcharges on cards with higher interchange fees." https://www.reuters.com/business/finance/mastercard-visa-reach-30-bln-settlement-over-credit-card-fees-2024-03-26/ https://www.reuters.com/business/finance/mastercard-visa-rea...
teaearlgraycold 3y ago
Credit unions
- kasey_junk 3y ago
  Most credit unions get their technology supplied by one of several “bank in a box” vendors such as fiserve or fis. Those companies have relationships and technology integrations with many data brokers and media firms like Cardlytics. That’s not to say they do have programs like this but only that they have the capability, usually just by making a phone call to their account manager.

Credit union with Zelle support for the Zelle support. Fidelity for everything else (brokerage, retirement, checking account), Wise for international FX digital wallet. (work in financial services, so I am familiar with the product landscape)

janalsncm 3y ago
Do you use credit cards? If not, just know you are leaving cash on the table. Stores have to pay high transaction fees on “premium” cards, which leads them to raise their sticker price. So if you pay cash, you’re basically subsidizing cash-back cards. If I spend $2k a month on my card and get 1.5% back, that’s $30 a month. It adds up.
- deleted 3y ago
  [deleted]
- hypothesis 3y ago
  Just you wait until lots of places wise up to whole thing and start ambushing you with “btw, we have a 2.xx+% surcharge for credit card tx” at the register. Happens quite a lot lately…
  - toomuchtodo 3y ago
    This is good. It pushes people to use cash, debit, or soon, FedNow instant payments.
  - janalsncm 3y ago
    It happens, but mainly in places like gas stations. And payment processors (Visa, MasterCard) don’t allow businesses to charge different prices to different cards.
    - ffpip 3y ago
      > don’t allow businesses to charge different prices to different cards. That changed a few weeks ago "Both card networks also agreed to cap rates for five years and remove anti-steering provisions. Merchants will have more discretion to offer discounts, or impose surcharges on cards with higher interchange fees." https://www.reuters.com/business/finance/mastercard-visa-reach-30-bln-settlement-over-credit-card-fees-2024-03-26/ https://www.reuters.com/business/finance/mastercard-visa-rea...

teaearlgraycold 3y ago

Credit unions

kasey_junk 3y ago
Most credit unions get their technology supplied by one of several “bank in a box” vendors such as fiserve or fis. Those companies have relationships and technology integrations with many data brokers and media firms like Cardlytics. That’s not to say they do have programs like this but only that they have the capability, usually just by making a phone call to their account manager.