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Jan 24,2012, 02:05 PM
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#1 | | Full PFC Member | Instadebit now charging fee + hst per cashout
anyone else notice this when cashing out with instadebit?
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workin on my short(stack)game
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Jan 24,2012, 02:32 PM
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#2 | | Full PFC Member |
i use echecks, basically same thing, but better lol
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When the money is gone, its time to move on!!
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Jan 24,2012, 02:36 PM
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#3 | | Inhumano Forboon! |
notice the fine print saying they are commited to keep fees down.. Attachment 1044
to me this is the precursor to a huge problem. The over head should go down as we learn to be more efficient. If the cost of a banking is going up from the banks' side i think we have a huge issue with our banking system especially when the world seems to be sliding into irreversible debt.
and if they are jacking fees for no reason other than profit thats just as scary.
my impression is there is little money going around and institutions are trying to milk everything they can before hyper inflation hits
seriously though rising bank fee in this time has to be one of the most silly and destructive move we can make right now
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I think I'll just get it in bad here and chalk it up to variance.
Last edited by darbday; Feb 01,2012 at 10:37 PM.
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Jan 24,2012, 02:49 PM
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#4 | | Full PFC Member | From the Instadebit FAQ....
Cost to go directly from your bank account to a merchant... $1
Cost to go from your Instadebit account to your bank account... $2
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One of us hunts donkeys...
The other one plays one for a living.
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Jan 24,2012, 02:49 PM
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#5 | | PFC Asshole and Commander
Join Date: Sep 2005 Location: getting outrun by blind squirrels
Posts: 8,409
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Not sure what CIBC account fees have to do with InstaDebit.
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Hobbes
Playing micros is like getting a rectal exam from a leper who walks away with 9 fingers.
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Jan 24,2012, 02:53 PM
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#6 | | Inhumano Forboon! | Quote:
Originally Posted by Hobbes  Not sure what CIBC account fees have to do with InstaDebit. | do you want me to explain the correlation ?
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I think I'll just get it in bad here and chalk it up to variance.
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Jan 24,2012, 02:56 PM
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#7 | | PFC Asshole and Commander
Join Date: Sep 2005 Location: getting outrun by blind squirrels
Posts: 8,409
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Originally Posted by darbday do you want me to explain the correlation ? |
Not really, cause I already know how it ends. 
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Hobbes
Playing micros is like getting a rectal exam from a leper who walks away with 9 fingers.
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Jan 24,2012, 02:58 PM
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#8 | | PFC Asshole and Commander
Join Date: Sep 2005 Location: getting outrun by blind squirrels
Posts: 8,409
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curious, jd as to when you're last cashout was.
I did one just before Christimas with no fees.
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Hobbes
Playing micros is like getting a rectal exam from a leper who walks away with 9 fingers.
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Jan 24,2012, 03:28 PM
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#9 | | Full PFC Member |
just did a cashout today, first time I saw it
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workin on my short(stack)game
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Jan 24,2012, 08:48 PM
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#10 | | Mr. Wonderful
Join Date: Dec 2006
Posts: 5,299
| Quote:
Originally Posted by darbday notice the fine print saying they are commited to keep fees down.. Attachment 1044
to me this is the precursor to a huge problem. The over head should go down as we learn to be more efficient. If the cost of a banking is going up from the banks' side i think we have a huge issue with our banking system especially when the world seems to be sliding into irreversible debt.
and if they are jacking fees for no reason other than profit thats just as scary.
my impression is there is little money going around and institutions are trying to milk everything they can before hyper inflation hits
seriously though rising bank fee in this time has to be one of the most silly and destructive move we can make right now |
Oh crap, your with cibc? Oh Darb......... 
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Always did the right thing and it feels good.
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Jan 24,2012, 08:51 PM
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#11 | | Mr. Wonderful
Join Date: Dec 2006
Posts: 5,299
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Originally Posted by jdAA88 just did a cashout today, first time I saw it | I use instadebit all the time, the only thing I have noticed is the "currency risk" fee, unless this is it, than never mind.
But if this is a new fee on top of that  , than it's getting ridiculous trying to get money on and off online lately.
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Always did the right thing and it feels good.
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Jan 24,2012, 09:42 PM
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#12 | | Full PFC Member |
cheques are good too, not really that difficult to get money off stars....
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When the money is gone, its time to move on!!
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Jan 27,2012, 04:11 PM
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#13 | | Poker Wins = Potato Heads |
Can pretty much guarantee that if CIBC is doing it, so are the other big banks. Pretty sure that it was $25 about 5-7 years ago. It's what they do to keep the poor down and the rich up. A guy making 6 figures isn't going to blink at this. A family making barely $20K take home is going to be crippled by this.
And the lady at CIBC wondered why I told her banks were evil and I was happy keeping my money at a credit union 
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It's time to meet... Mr. Angry Eyes!
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Jan 27,2012, 07:39 PM
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#14 | | Mr. Wonderful
Join Date: Dec 2006
Posts: 5,299
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So this is confirmed, did a deposit with instadebit today and it is a extra fee, sigh.
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Always did the right thing and it feels good.
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Jan 28,2012, 03:01 PM
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#15 | | Full PFC Member | Quote:
Originally Posted by betrthanphil i use echecks, basically same thing, but better lol | Does echecks have any hidden fees? What's so special about them?
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