INGold Debit Card

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INGold Debit Card
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Posted by: lordjohn

May I share my INGold card experience with you?

I bought it through POG. The postal service was unusually efficient (I'm in the U.K.) and the card arrived in about 4 days!

Unfortunately, it took the bank (1st National Bank of Texas) a further 10 or more days to set up the account (arthritic elves
with quill pens?) so that I was unable to perform the validation procedure on-line. In frustration I used their automated 'phone
service (charges).

I still had problems logging on to their site, but in the end it was resolved - I hope. It is not unusual for the site to be unavailable
when I need it. Logging on can be very slow (I go and make a coffee or start the washing up) I do wish those elves would keep
that machine wound up.

On the positive side - I have had no problems getting the cash out my local bank who does not charge me. Having walked 200 yards
from bank to home I can immediately (well almost) see the $ cost in my account.

INGold's charge for withdrawal is a fixed $3.50, so the more you draw at one time the cheaper it becomes.
I now take £100 fortnightly instead of £50 weekly.

Loading the card through POG - I've done it in 5 hours! costs 2.25%+$1.5. I thought 'I'm sure I can do it cheaper' so I tried 'direct'
loading from E-gold at 1.5%. It turns out not to be so direct - it's via X-changers and can take up to 3 business days. I tried it
this morning and am waiting to see how long it actually takes.

On the whole I'm very happy with the card but will seriously consider the quicker and slightly more expensive method of loading.
It means that I can do it when I need it and not, in effect, lose 3-4 days' interest on my investment, so it then is no dearer in
the long run...................................

Well, it took the full 3 days and cost rather more than 1.5%!! Of the $500 I withdrew I received $484!. Perhaps I misunderstood something but I'm not going that route again.

I am considering using London Gold Exchange to transfer to my domestic bank (free for UK, Oz & NZ). I shall have to make it relatively small amounts and irregular so as not to attract the attention of big brother. Having said that, it's only money after all, just numbers on bits of paper.

Posted by: ezyman

Quote:

Originally Posted by lordjohn

I still had problems logging on to their site, but in the end it was resolved - I hope. It is not unusual for the site to be unavailable
when I need it. Logging on can be very slow (I go and make a coffee or start the washing up) I do wish those elves would keep
that machine wound up.

Can you give me the url of the site? and please let us know whether x-changers causes further delay in funding your card.

Thank you.

Posted by: Manos64

Is there any advantage to purchasing the ingold card directly from Intgold as opposed to getting one via Mike of X-changers?

If anyone knows, appreciate the answer. :-s

Posted by: lordjohn

Quote:

Originally Posted by ezyman

Quote:

Originally Posted by lordjohn

Can you give me the url of the site? and please let us know whether x-changers causes further delay in funding your card.

Thank you.

http://www.netgoldcards.com

Posted by: ezyman

Hi lordjohn,

You are living in the UK. When the day you applied for your INGold card from POG, I'm pretty sure that you gave your Passport Number to POG.

Is it SAFE to give out your Passport Number/some ID numbers to someon over the net?

If anyone can help please share your experience with us.

Thank you.

Posted by: memorex

Quote:

Originally Posted by ezyman

Hi lordjohn,

You are living in the UK. When the day you applied for your INGold card from POG, I'm pretty sure that you gave your Passport Number to POG.

Is it SAFE to give out your Passport Number/some ID numbers to someon over the net?

If anyone can help please share your experience with us.

Thank you.

I havent found a debit card system that doesnt ask for some form of ID to setup the account .

There is no other way of doing this unless you go personally in to the bank itself and they will still obviously require some form of ID to setup the account.

As for the security of the giving your Passport number over the net this is normally done on a secure server. which I have done on numerous occasions.

Banks are held together with cetain laws & rules of Banking criteria and security of information is one of them.
regards
memorex

Posted by: ezyman

Quote:

Originally Posted by memorex

I havent found a debit card system that doesnt ask for some form of ID to setup the account .

How about SpringPay debit card? As far I'm concerned it does not need any form of ID. Just name & address.

Posted by: memorex

Quote:

Originally Posted by ezyman

Quote:

Originally Posted by memorex

I havent found a debit card system that doesnt ask for some form of ID to setup the account .

How about SpringPay debit card? As far I'm concerned it does not need any form of ID. Just name & address.

If you give them your name and address surely this is an ID of some form.

I mean there is always some form of ID that has to be passed on to the Banking system.

Whether or not it is passed on through the chip on the card that is another matter.

You can have as much anonymity you like with a number only card but I feel that that is as far as it goes nowadays.

And if you use a false Name & Address ,what happens when the Banks criteria change through their governmental law enforcement acts.

Which happens from time to time. i.E. September/11, or the patriot act.

How will you be able to access your funds ?.

Without explaining that you knowingly falsified a legal document ?.

Sure you can lie about your credentials , but if something out of the ordinary happens .

You could lose all you have in that account or at the least the funds could be frozen.

So I would tread carefully, if you were thinking on that track, if I were you .

Because the world governments are improving on these laws every day as they see fit .
regards
memorex

Posted by: ezyman

Quote:

Originally Posted by memorex

If you give them your name and address surely this is an ID of some form.
memorex

Sorry my understanding towards ID is surely different from yours. I don't know how to identify a person who gives only his name & address.

There are many people who have identical names in one country OR there are many people can live in a house/apartment or people can easily move to a new place to stay in one country/another country.

BUT if the person can provide his real passport number, driving license number, identity card number, etc. together with his name then the person can be surely identified. And these are what I call IDs.

Posted by: memorex

Well I am going to congratulate you now because you have just answered your own question.

I said if you give them your name and address it is a form of ID

And you said your idea of ID is different from mine well it is and it isnt basically we all need to have some form of ID at one time or another.

Because I then went on to say that if there were a problem with your account how could you verify the account belongs to you.

And the answer is a legal type of document I.E. passport,drivers licence or something similar which most bank will ask for , that has your safety of funds at heart.

You would need to produce something like this to verify that the account in question was yours so therefore where is the anonymity in the long term.

I cant see anyother way , can you, or do you know something I dont.

Somewhere in the system of debit card banking there is a failsafe there has to be, so they are able to genuinely verify who owns the individual accounts.

I am afraid I would not entrust my hard earned cash to some fly by night operation without a consolidated guarantee of security of my funds.

It is only common sense to expect the caretaker of your funds to have the knowledge of who you are if they dont how safe are your funds in their hands.

And if they do have this knowledge, then when they are pressed by the law of the land they then have to give this private information out to which ever Departmental head of the Government , who has the authority to ask for it.

regards
memorex

Posted by: ezyman

Thanks for that. It's only I can't agree with that. I don't think name & address are some forms of ID. Well anyone living in this world has his/her understanding towards anything.

Posted by: memorex

Quote:

Originally Posted by ezyman

Thanks for that. It's only I can't agree with that. I don't think name & address are some forms of ID. Well anyone living in this world has his/her understanding towards anything.

You are still only looking at the one side of the question I am saying that even if you call yourself:

Donald Duck
4 Platypus Road
Disney World
Timbuctoo

And they issue you with card: 004456655473

Sure you have your anonymity but how secure are your funds if a problem arises.
How do you verify that the account belongs to you this is what I am asking you , can you tell me?.
I am not trying to disagree with you on anything I am trying to understand how this Springpay Debit Card from the loyal Bank I presume .
Does not have any form of verifiable ID . just name and Address for the setup of an account.
I dont think I could leave my money in such an insecure enviroment
which I regard this as.
Anyway Ezyman whatever you do is your choice and your choice alone.
regards
memorex

Posted by: droesparky

ez
I think you are a little wrong on this because if my name and address are not IDs then why do they want them on my drivers licence? It all works to gether to seperate us from one another.

Posted by: ezyman

Quote:

Originally Posted by memorex

How do you verify that the account belongs to you this is what I am asking you , can you tell me?.

hmmm... now I'm glad you have that question. In the very first place I said that the SpringPay Debit Card does not require IDs, and you said by giving out your name & address is a form of IDs which I can't agree with that. I'm not trying to disagree with you either. Let me put this way, how about OUR UNDERSTANDING towards the MEANING of ID is DIFFERENT from each other. I think this will clear the smoke.

And yes you're rite about having my money put in SpringPay is my choice like many others.

Regards...

Posted by: ezyman

Quote:

Originally Posted by droesparky

ez
I think you are a little wrong on this because if my name and address are not IDs then why do they want them on my drivers licence? It all works to gether to seperate us from one another.

SpringPay does not require you to provide your driving license number, just name & address. I did not say name & address are not IDs, I said they are not some FORM of IDs which means it can be identified. In other words if you ONLY give out your name & address, someone even the government can not identify you. Please read my posts again. If you still think I'm wrong in that, please treat our understanding is different.

Posted by: memorex

I dont know what part of the world you come from ezyman but? I live in Australia at this moment in time .

And when I give out my name and address to anyone it can be traced straight back to me through the same name and address.

I have no say in the matter because everytime I rent or buy a property.

I have to pass an Identity points test of who I am and they always ask for these certain documents.

Then and only then, can I enter in to any form of contract with, I.E. Estate Agents or landord Agreements and even opening of Australian Bank Accounts or Credit Union accounts.

And those Documents are:
1)Drivers Licence
2)Passport
3)Utility Bills (Electric& Phone )
4)Letters of correspondence
and other similar Documents I know there are a lot more but they all have a points value.

Which has to add up to a certain figure before you can enter into any contract with them on leasing,renting or buying
accomodation.

Now, even when I travel, and I stay in a Hotel or other types of living accomodation.

I still have to show them my passport for ID or if I am resident in that country, my drivers licence at the very least.

Now Technically your name and address is not a form of ID as I stated but it is integrated and related to it in some way and you can be traced through this.

And through this your anonymity of your secret hoard of funds somewhere offshore is compromised.

Just by doing a simple credit check on the name and address of that person.

And this was all I was really trying to say to anyone in that post in the first instance.

That most peoples Identity can be traced through their name and address.

Especially in Australia I cant imagine it is so different elswhere.

Anyway Ezyman, no matter, what it was a good discussion and hopefully will give others food for thought .

May I wish you good luck in all what you do and long may you prosper.

regards
memorex

Posted by: ezyman

Hi memorex, now you've my points, I'm glad with that.

And for your little info about myself, I travel quite often especially in Asia you know it's because of work/business. Which part of world I come from? Well ... about 10 years ago I think I can tell you, but now I don't think I can remember that... lol.

Apart from that you already have my points.

Regrads...

Posted by: cyrano

Be careful when funding your ingold card via http://www.netgoldcards.com/
I wouldn't chose them for daily funding!!!
They can't count.
I placed 5 orders in 4 days and they processed only 4.
In 7 emails i tried to explain them the situation without success.
They kept my money!!

cyrano