Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




2592 posts

Uber Geek
+1 received by user: 182


Topic # 185142 11-Nov-2015 14:41
Send private message

Hey guys,

I want to open a new bank account which I was thinking of depositing $100-$200 into for buying stuff online. I am very cautious about what I buy, and I am always worried something will go wrong (With places I haven't bought form before) and I will wake up with $0 in my account. OK that's probably not going to happen, but you know what I mean. 

I don't want a credit card, a debit card is the best way to go for me.

I am currently with Kiwibank, so I'm guessing another KB account would be the best way?

A couple of quick Q's (Im sure it varies from bank-bank though?)

1: If I open another account with KB, will I get pinged for having two accounts? 

2: Any hidden fees I should know about besides the usual end of month fees?

Thanks

Create new topic
I iz your trusted friend
5760 posts

Uber Geek
+1 received by user: 134

Mod Emeritus
Trusted
Subscriber

  Reply # 1426271 11-Nov-2015 14:47
3 people support this post
Send private message

You can have another account (suffix) and not necessary a whole new account with any bank.

Alternatively, is get a credit card with very low limit and low interest and just put money into that should want to spend what you have - which can give you added purchase insurance as well. Alternatively, apply for OneSmart with AirNZ Airpoints etc.




Internet is my backyard...

 

«Geekzone blog: Tech 'n Chips Takeaway» «Personal blog: And then...»

 

Please read the Geekzone's FUG

 


13247 posts

Uber Geek
+1 received by user: 2216

Trusted
Subscriber

  Reply # 1426272 11-Nov-2015 14:47
2 people support this post
Send private message

Credit card gives you additional protections and benefits. Just get one with a low limit, if the benefits outweigh the costs.

You should talk to Kiwibank about how to set things up and fees if you decide to go the debit route.




AWS Certified Solution Architect Professional, Sysop Administrator Associate, and Developer Associate
TOGAF certified enterprise architect
Professional photographer


 
 
 
 


252 posts

Ultimate Geek
+1 received by user: 26


  Reply # 1426277 11-Nov-2015 15:06
Send private message

I have a Westpac prepaid Visa Card. Cost $10.00 for the card and $1.00 for any deposit I make to the account. Its a separate account

2281 posts

Uber Geek
+1 received by user: 932


  Reply # 1426414 11-Nov-2015 18:28
Send private message

scheduler: I have a Westpac prepaid Visa Card. Cost $10.00 for the card and $1.00 for any deposit I make to the account. Its a separate account


Snap. This is what I do and it works well. I also load some cash on it as a backup credit card when traveling overseas, in case my main one has issues or for use in dodgy restaurants where skimming could be a potential issue etc.

3135 posts

Uber Geek
+1 received by user: 1166


  Reply # 1426517 11-Nov-2015 20:36
Send private message

I have a YourMoney current account with BNZ.  The card works as an EFTPOS card or as a debit card and has pay wave.  Great for online purchases.  $5 flat monthly fee.  





Mike



2592 posts

Uber Geek
+1 received by user: 182


  Reply # 1426668 12-Nov-2015 07:12
Send private message

Would something like the Free Up account at Kiwibank be something I should be looking at?

It looks like a basic account, it says no monthly fees.

I might be using it a few times per year, or it could be used a couple of times per month.

3135 posts

Uber Geek
+1 received by user: 1166


  Reply # 1426846 12-Nov-2015 12:31
Send private message

Why don't you go in and talk to your bank.  Banks are quite helpful these days. 

With interest rates low world wide, people are seeking to invest in anything other than cash, so banks are quite keen to get money in the door.




Mike

1218 posts

Uber Geek
+1 received by user: 511


  Reply # 1426867 12-Nov-2015 13:00
Send private message

Several years ago I worked for one of the big banks and our recommendation for most customers in this situation was to either get a second credit card with a low limit or a debit card that you just added money to when you wanted to make an online purchase, so there was never anything there for people to get access to if the details were compromised.

Having been out of the banking business for quite some time now though, what happened to single-use virtual credit card numbers - any banks doing those here?

509 posts

Ultimate Geek
+1 received by user: 155
Inactive user


  Reply # 1430700 18-Nov-2015 21:24
Send private message

What scheduler says , if you only keep a small amount of money in a 'totally 'separate account its a bit like a sandbox. It scares me how many people could easily collect my card and security number.

Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Why I'm not an early adopter
Posted 21-Nov-2017 10:39


Netatmo launches smart home products in New Zealand
Posted 20-Nov-2017 20:06


Huawei Mate 10: Punchy, long battery life, artificial intelligence
Posted 20-Nov-2017 16:30


Propel launch Disney Star Wars Laser Battle Drones
Posted 19-Nov-2017 21:26


UFB killer app: Speed
Posted 17-Nov-2017 17:01


The case for RSS — MacSparky
Posted 13-Nov-2017 14:35


WordPress and Indieweb: Take control of your online presence — 6:30 GridAKL Nov 30
Posted 11-Nov-2017 13:43


Chorus reveals technology upgrade for schools, students
Posted 10-Nov-2017 10:28


Vodafone says Internet of Things (IoT) crucial for digital transformation
Posted 10-Nov-2017 10:06


Police and Facebook launch AMBER Alerts system in NZ
Posted 9-Nov-2017 10:49


Amazon debuts Fire TV Stick Basic Edition in over 100 new countries
Posted 8-Nov-2017 05:34


Vodafone VoIP transition to start this month
Posted 7-Nov-2017 12:33


Spark enhances IoT network capability
Posted 7-Nov-2017 11:33


Vocus NZ sale and broadband competition
Posted 6-Nov-2017 14:36


Hawaiki reaches key milestone in landmark deep-sea fibre project
Posted 4-Nov-2017 13:53



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.