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mec

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  1. Yes. About 0.04% per day in my case.
  2. The only advantage in my case occurred around the first transaction, when I did not have any funds in my NFCU checking account and believed the ATM (cash withdrawal) transaction fees on that account would be less than those of other checking accounts I have and maintain funds in. Having access to the LOC allowed me to start using my NFCU debit card before any funds had been cleared into the associated checking account. That the Navcheck account existed and allowed me to use the NFCU checking account in that way was also mildly interesting to me, and I suspect to others, since I have never previously had any use for the LOC. I realize that my main intention in in this thread of showing the cost of ATM withdrawals overseas would have probably been better served by a different thread title. However, having had a few drinks prior to the original post, I didn't quite hit the mark there.
  3. I did really agonize over whether or not to submit an additional ACH payment on the 31st through the lender's billpay to eliminate the risk. I wanted to avoid that because I had already scheduled the next 3 payments through Plastiq under their 1% fee offer that was running at that time, and as much as I would have liked to make an additional principal payment, it wasn't really budgeted for. In the end I decided to risk it because of how convincing that trace I'd number and deposit date and time were and the chat logs I had to back them up. I'd love to get a real answer as to whether or not a paper check was delivered. I think there is a chance that Plastiq uses a service that actually makes the payment, and their information about the payment's delivery is inaccurate.
  4. I I got so close to the 30 day late payment because I made an error submitting a one time ACH payment from a new checking account. I must have entered a bad digit for the account number. In the period between when I submitted the ACH payment and the time it was rejected, I received a new card with a 5k spend SUB in the mail and calculated, based on Plastiq's timeline that it would arrive on the 30th of May. Close, I know, but I was looking for simple ways to burn through the spend requirement. As the date approached I realized I could be in jeopardy of a Credit blemish and began calling the Mortgage company daily verify the date I would be considered late and describe the situation to their representatives. The day that Plastiq reported the Mortgage company had received the funds, the Mortgage company rep told me that they could not see the credit, but that it was possible that it was in their system and still unprocessed. They also told me that no third party payment system ever submitted ACH payments, and that they were always paper checks. This contradicts what Plastiq states on their site about payments to this lender. That was the time I had my first chat with Plastiq and they provided me with a trace I'd number, a payment date time and a deposit date time for this payment. This caused me to believe the funds were in the lenders account and that they would eventually reconcile them to the 30th. In early June the funds were reconciled to the 4th and I had a second chat with Plastiq, in which they continued to assert the funds were sent electronically. To this point I don't have a definitive answer as to whether a paper check was sent by some entity to the lender as they insist it was or not. I'm not sure if they removed the 30 day late notations because they found the payment was not late or if they considered that I was proactive and that I believed they had been paid and did it as an act of good will.
  5. I tried, to the best of my understanding of the machine (s), to decline the offered conversion rate I believe the published forex exchange rate held steady over the course of these transactions. Euro to USD - 1.12 Kuna to USD - 0.15 ---------- June 25th Navcheck advance $184.88 - Florence, Italy €160.00 withdrawn 160*1.12=179.2 (5.68 'fee' or 3.169%) NFCU breakdown... 182.06 ATM withdrawal 1.1378 ex rate 1.00 ATM withdrawal fee 1.82 international transaction fee (1%) June 27th Navcheck advance $231.54 - Florence, Italy €200.00 withdrawn 200*1.12=224.00 (7.54 'fee' or 3.366%) NFCU breakdown... 228.26 ATM withdrawal 1.1413 ex rate 1.00 ATM withdrawal fee 2.28 international transaction fee (1%) July 1st Navcheck advance $231.16 Herceg Novi, Montenegro €200.00 withdrawn 200*1.12=224.00 (7.16 'fee' or 3.196%) NFCU breakdown... 227.88 ATM withdrawal 1.1394 ex rate 1.00 ATM withdrawal fee 2.28 international transaction fee (1%) July 3rd Navcheck advance $155.50 Dubrovnik, Croatia 1,000.00 Kuna withdrawn 1,000*0.15=150.00 (5.50 'fee' or 3.666%) NFCU breakdown... 152.97 ATM withdrawal 0.15297 ex rate 1.00 ATM withdrawal fee 1.53 international transaction fee (1%) July 5th Navcheck advance $155.00 Dubrovnik, Croatia 1,000.00 Kuna withdrawn 1,000*0.15=150.00 (5.00 'fee' or 3.333%) NFCU breakdown... 152.48 ATM withdrawal 0.15248 ex rate 1.00 ATM withdrawal fee 1.52 international transaction fee (1%) July 8th Navcheck advance  $343.27 Vienna, Austria €300.00 withdrawn 300*1.12=336.00 (7.27 'fee' or 2.164%) NFCU breakdown... 338.88 ATM withdrawal 1.1296 ex rate 1.00 ATM withdrawal fee 3.39 international transaction fee (1%) It seems like I could have shaved a little cost by withdrawing larger amounts to reduce the effect of the ATM withdrawal fee, but most of the variation was hitting on a lucky exchange rate. I suppose I could have done better, and I could have done worse.
  6. To follow... Amount of local currency withdrawn from ATM. Exchange rate at the time. Net % cost of cash calculation.
  7. June 25th Navcheck advance $184.88 - Florence, Italy June 27th Navcheck advance $231.54 - Florence, Italy July 1st Navcheck advance $231.16 Herceg Novi, Montenegro July 3rd Navcheck advance $155.50 Dubrovnik, Croatia July 5th Navcheck advance $155.00 Dubrovnik, Croatia July 8th Navcheck advance $343.27 Vienna, Austria
  8. Kind of late. I decided my best bet was to draw on my NFCU CLOC for cash overseas. I did not do a thorough analysis prior to the decision. The purpose of this thread will be to recount the actual charges at ATMs for cash advances on the NFCU CLOC to the best I can recount and recall and to determine my cost relative to the exchange rate as close to that day as I can reconstruct.
  9. Did consider a more coherent description/post. Instead. Drank several things (local beer, and a few gin tonics etcetera concoctions and a blue doorish item... and submitted these generalizations. I want to know what your questions are more so than I want to tell you what happened.
  10. Score dropped 60 points. From 771 (Experian) to ? 697...707, 711... then back up to 771 after next reporting or previous months payment as "good". ...
  11. Details to follow. Beware readers. Plastiq's electronic payments may or may not be issued to your mortgage holder as a "mailed check". Long story short. Chat log with Plastiq rep in advance of 30 day late date (with Plastiq rep indicating payment was in receipt with trace of #) submitted to Mortgage company resulted in mortgage company reversing 30 day late notation.after 30 day late reporting to 4 bureaus upon next reporting interval. Some element of I don't care because I'm going to enjoy 17 days in Europe during the interim. 2 page letter submitted to mortgage company in the interim accompanied by chat logs with Plastiq rep before and after 30 day late occurred certainly contributed to their decision. Mortgage company insisted payment was received by paper check, Plastiq insisted payment was sent via ACH... (As yet unresolved/ unconfirmed) In the end, swimming in the Adriatic and drinking gin & tonics in 100 farenheit temperatures is more important than a 30 day late. Vague letter from mortgage company results in on time payments for May and June being reported at next reporting period. Details to follow. Questions? Answers to follow.
  12. The ones that morph into a turd are, in some ways, superior to the ones that may be tenable.
  13. Sadly. Dosh is dead at Sam's I'm really going to miss the close to fee free MCGCs. No real reason for me to remain a member. Time to see about canceling for a membership fee refund.
  14. Back to 0.2083333... until December 1st ...after a Hilton Business (no effect) and an Ink Preferred (no effect) and an Arrival + (bumped me up from 0.1666) I think there are a few bonuses that do make it worth waiting for a bit here and there... depending on the lay of the devaluations.
  15. I acquired 2 more (35k max per night) certs over the past 3 months and decided it would be wiser to rearrange these hotels to use them in a way I consider better. I canceled the Residence Inn Stay and booked our night in Boston at the Airport Hilton. We arrive at BOS at ~23:17, so I really like the idea of walking across a few parking garages to the hotel there rather than trying to take a train or some other option. 1 Night - Hilton Boston Logan Airport 60,000 pts ~ 0.00575 ppn I then re-booked the Le Meridien Vienna as 2 bookings, 3 Nights using the 3 certs Cash value ~ 315.00 usd (fees) / 697.76 usd = 0.45 dollars in fees per (Marriott direct) room booking dollar. (Amex SPG Business fee went up to 125.00) 1 Night at 35k pts 250.88 usd (Marriott direct) room booking ~ 0 .007168 ppd This returns 105,000 (non expiring) points to my 'Bonvoy' account.

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