iheartfaye
Expert Expediter
"jansiemoo" posted:
"Just wondering, is there a way to transfer money from my comdata card to my bank account? I don't know exactly how this works..."
The best way to go about this is to open an account with Transportation Alliance Bank (TAB) which is owned by Flying J. You can get applications at any Flying J.
I have been banking with them for 2 years now and absolutely love it. In fact, I do 90% of my transactions through them instead of my local bank now because they are just more efficient.
Once you have the TAB account it is very easy to move your Comdata money over. 1) Call the TAB automated line and enter the amount you want to transfer. TAB gives you an express code. 2) Call the Comdata automated line and put your $$ onto the express code TAB gave you. 3) 15 minutes later the $$ is on your TAB Mastercard Debit card.
The only fee is the $1.50 fee from Comdata. Also, unlike my local bank, US Bank, TAB has no daily limits for debit transactions. You don't have to worry about not being able to purchase fuel, etc because you hit your daily limit. They do have a $750 daily limit for ATM withdrawals, but not for using your card as a Mastercard. They also have Internet Banking where you can set up payments, and you can transfer money to your local banking account also on line with them.
Looking at the bigger picture, yes, I realize the person who posted the original had a hardship greater than the average paycheck to paycheck situation that most go through. I think there should be some leniency in the judgment of that situation. However, I would thoroughly recommend listening to Dave Ramsey on XM or Sirius and putting into play the principles he promotes. Even being in a cargo van, there is a pretty hefty emergency fund amount that I keep on my Comdata card just in case something should happen on the road. That is in addition to making sure the issues at home are not going to put me into a bind.
"Just wondering, is there a way to transfer money from my comdata card to my bank account? I don't know exactly how this works..."
The best way to go about this is to open an account with Transportation Alliance Bank (TAB) which is owned by Flying J. You can get applications at any Flying J.
I have been banking with them for 2 years now and absolutely love it. In fact, I do 90% of my transactions through them instead of my local bank now because they are just more efficient.
Once you have the TAB account it is very easy to move your Comdata money over. 1) Call the TAB automated line and enter the amount you want to transfer. TAB gives you an express code. 2) Call the Comdata automated line and put your $$ onto the express code TAB gave you. 3) 15 minutes later the $$ is on your TAB Mastercard Debit card.
The only fee is the $1.50 fee from Comdata. Also, unlike my local bank, US Bank, TAB has no daily limits for debit transactions. You don't have to worry about not being able to purchase fuel, etc because you hit your daily limit. They do have a $750 daily limit for ATM withdrawals, but not for using your card as a Mastercard. They also have Internet Banking where you can set up payments, and you can transfer money to your local banking account also on line with them.
Looking at the bigger picture, yes, I realize the person who posted the original had a hardship greater than the average paycheck to paycheck situation that most go through. I think there should be some leniency in the judgment of that situation. However, I would thoroughly recommend listening to Dave Ramsey on XM or Sirius and putting into play the principles he promotes. Even being in a cargo van, there is a pretty hefty emergency fund amount that I keep on my Comdata card just in case something should happen on the road. That is in addition to making sure the issues at home are not going to put me into a bind.