Best Debit Card in the World? & Why?

[LHR]

@telescope I just got the Schwab One Debit Card and what the actual f is this. There is no freezing, temp blocking nor are there any modifiable spending limits. A full 15k$ spending limit that a thief or hacker could swipe immediately and to top it all off, there are no real time alerts/notifications when spending from this card.

I called customer support and their solution was, and I kid you not, "cancel the card when you're not using it and we will issue a new one when you have to use it", unbelievable.

 

[theglobalinvestor]

@telescope I just got the Schwab One Debit Card and what the actual f is this. There is no freezing, temp blocking nor are there any modifiable spending limits. A full 15k$ spending limit that a thief or hacker could swipe immediately and to top it all off, there are no real time alerts/notifications when spending from this card.

I called customer support and their solution was, and I kid you not, "cancel the card when you're not using it and we will issue a new one when you have to use it", unbelievable.

You're dealing with a traditional behemoth of a financial institution, not a highly agile startup. So yeah many things are still 1990s.

 

[LHR]

You're dealing with a traditional behemoth of a financial institution, not a highly agile startup. So yeah many things are still 1990s.

They have those features working for their checking account debit card but not for this brokerage account.

BNY Mellon issues the debit card on behalf of Schwab and guess what, BNY Mellon's debit cards have those features too. It's just this particular debit card that does not have these basic features. So both institutions, Schwab and BNY have the functionality, they just haven't put it on the Schwab One Brokerage debit cards.

 

[ManInTheSuit]

Hey, can someone tell me how many days it took to open the account? And how many days after that the debit card was delivered?

 

[telescope]

Hey, can someone tell me how many days it took to open the account? And how many days after that the debit card was delivered?

1 week.

DC will be issued and delivered around 3 weeks after funding.

 

[ManInTheSuit]

1 week.

DC will be issued and delivered around 3 weeks after funding.

Which courier? Does the bank provide a tracking id? Asking since my passport address is in a semi-urban/rural area.

 

[telescope]

Which courier? Does the bank provide a tracking id? Asking since my passport address is in a semi-urban/rural area.

It'll either be FedEx or bluedart DHL or UPS. Yes you'll get tracking.

 

[ManInTheSuit]

cool, just applied, let's see how long it takes to activate

 

[newIntern]

1 week.

DC will be issued and delivered around 3 weeks after funding.

ahh, we will have to add funds then only they will deliver debit card,

 

[telescope]

ahh, we will have to add funds then only they will deliver debit card,

Y e s

 

[ManInTheSuit]

Y e s

Can I fill and submit the Checks & Debit Card Application now or should I wait until the account is approved?

 

[telescope]

Can I fill and submit the Checks & Debit Card Application now or should I wait until the account is approved?

Cannot submit before activation and funding.

 

[newIntern]

Y e s

what the best way to deposit money? the one which will cost least fee

 

[telescope]

what the best way to deposit money? the one which will cost least fee

idfc and dbs bank has no remittance fee.

 

[newIntern]

idfc and dbs bank has no remittance fee.

seems like you have some experience with this, I think you should consider making a thread, in that you can explain how to add money & what method to use. since account opening dosent take initial funding now I am sure more people will be interested in opening an account & using it.

 

[JustMak]

Is initial funding still there? Has anyone got it without funding?

 

[ManInTheSuit]

Is initial funding still there? Has anyone got it without funding?

According to their website it isn't there. Applied yesterday, waiting for it to get approved. They didn't ask for any funding yet