Lots of banks used to do this until they figured out people did not want to pay for that. It seems unusual now though.

I used to make regular online transfers from my main bank to another bank. My bank decided to charge a whopping $3 for that (like an ATM fee) so I just started initiating the transfers from the other bank! No fee for that.

As for the 15 limit, lots of banks have a low limit on checks or things that are not electronic. But it seems very unusual to apply it to electronic transfers. I think they are just being greedy.

they probably are, and it could be because I have a free checking and they are trying to make up for that. As it stands I have 14 normal bills to pay so I can just make one large debt reduction payment per month which brings me up to 15. Or if I get lucky I can just make that reduction payment with the normal one. That's what I did for the Jan bill. I sent them $175 instead of the min payment required.

Once I get that $1211 paid off... that will be one less bill to pay and I could then make a debt reduction payment with each paycheck and still not go over.

You're probably right about making up for the free checking and the high interest rate. I hadn't heard of that scheme before.

Good plan of attack. The only thing you should watch for is to make sure they're applying your extra funds to the principle. You may have to call the credit company and let them know that that is what you want to do if ever you have extra (which you will), so they don't rip you off and apply it to accumulated interest over the month and then use the rest for principle.

Is this a credit union or a "big" bank? Geezzzz!

Im not really happy with myself right now....but for reasons you wouldnt imagine.

I have some things that I need to buy... I have the money slated for it... and I cant make myself purchase it.

I've got some things that I want to buy... and its the same story. Before I was spending like it was going out of style... and now I still haven't bought the things I actually set money back for.



It's either one extreme or the other.... I want a happy middle.

**new's casters voice**

In other news.... I have been keeping with my goal of dumping an extra $150 a month on debt.

N2Deep,

I understand what you mean about not wanting to buy things even when you have the money set aside. I go through that too - sometimes I think it is good and other times I worry about restricting myself too much and then going overboard when I do buy stuff. Life cannot be just about paying off our bills.

Middle of the road is hard to get to and stay in...your doing grrrreeeaaat!