All Posts Tagged With: "debit cards"
Getting your employees to be more motivated
Jennifer McClelland | RSS | Tue, Oct 13 2009 | 0 Comments
While many employers take the approach that their employees do not have to be motivated or that their salary should be enough motivation, there are small things that employers can do to get their employees to go above and beyond what is expected of them just by offering small employee incentives.
Rewards Programs have been successful for credit card companies to get customers to sign up for cards based on what they purchase the most. In most cases, the credit card companies have seen a lot of success through rewards programs because customers will spend more money on the credit cards to get the rewards rather than using cash or debit cards.
Incentive programs have been used with success for more than just credit card companies. I remember being offered incentives for fund raising programs while I was in elementary school. Everyone always wanted to sell the most candy bars so they could get the “big” prize. People will work for something if they think they can get it for free. Even recently, Disney is offering a free day pass to one of its parks if a person signs up to donate a day of their time to one of the sponsored charities listed by the company.
An employee program could be based on a similar structure as the credit card program. It works for employees that are compensated with commissions. The more that the employee does, the more money he or she can make. If an incentive program is used, you may be able to entice your employees to do more work or be more productive with their time for a minimal cost.
Related posts:What will the credit card companies do?
What are the lies that got you into credit card debt?
Tags: rewards programs, candy bars, motivation
How much do you have to put on your debit card until it’s rejected?
Jennifer McClelland | RSS | Fri, Sep 11 2009 | 0 Comments
While it’s been a few years since I found myself angry about overdraft fees in my own bank account, after reading a few articles on the internet about other people incurring fees (and accumulating them over the course of a few days) I have once again found myself angry at banks for allowing people to incur these fees.
First of all, I know that banks make most of their money on fees that they charge their customers. I also know that it is a bit of an unsavory business practice to allow a customer to incur fees on top of fees all over the same few days.
How much do you have to put on your debit card until your bank decides that it’s time to start rejecting the card?
It works with prepaid cards, and I believe that debit cards should also work this way…If there isn’t enough money on the card it is declined. If there is enough money on the card, the transaction goes through flawlessly.
Perhaps banks think that they are doing their customers some kind of favor by allowing customers to get the insufficient funds fee on their bank account rather than just being declined in line at the grocery store.
You never hear stories about people getting NSF or overdraft fees on big purchases like the weekly grocery trip (which can be quite expensive for some) or even for purchases for over $20. It seems like every time I hear a story about someone getting overdraft fees, it’s typically on a cup of coffee or something small and under $10.
However, I do know someone who was allowed to overdraft their account by $500. This is why I have to ask the question, At what point does the bank say, “Wait…you can’t do that.”
Overdraft fees are stupid.
Related posts:The Fed says that banks need to get customer consent before imposing overdraft fees
Bank of America reduces overdraft fees: Opting out is now an option!
What will the credit card companies do?
Tags: business practice, insufficient funds, debit card
