Re: [802SEC] FW: [802SEC] 802 Banking account proposal
All,
As one who has "been there and done that", I completely agree with Buzz
on the need for a "local" branch.
Thanks,
Bill Q
Rigsbee, Everett O wrote:
> Carl, I disagree. There are times you do need to actually go into a
> branch, e.g. to order an international wire transfer.
>
> And there are times when we have to cover for one another so having a
> local branch and a local banking representative to deal with is
> essential for those of us with signatory power.
>
>
> Thanx, Buzz
> Dr. Everett O. (Buzz) Rigsbee
> Boeing IT
> PO Box 3707, M/S: 7M-FM
> Seattle, WA 98124-2207
> NOTE: New phone number; please update your list.
> Ph: (425) 373-8960 Fx: (425) 865-6721
> Cell: (425) 417-1022
> everett.o.rigsbee@boeing.com
>
>
> -----Original Message-----
> From: Carl R. Stevenson [mailto:wk3C@wk3c.com]
> Sent: Friday, October 13, 2006 7:47 AM
> To: Rigsbee, Everett O; jhawkins@nortel.com
> Cc: stds-802-sec@listserv.ieee.org
> Subject: RE: [802SEC] FW: [802SEC] 802 Banking account proposal
>
>
> Buzz, et al,
>
> I believe that John's point is that the "concentration banking" is with
> Wachovia, but you don't need to physically GO to a branch ... So the
> location of brances is essentially irrelevant.
>
> I'm sure that John will correct me if I'm wrong.
>
>
> Carl
>
>
> -----Original Message-----
> From: owner-stds-802-sec@ieee.org [mailto:owner-stds-802-sec@ieee.org]
> On
> Behalf Of Rigsbee, Everett O
> Sent: Friday, October 13, 2006 3:21 AM
> To: jhawkins@nortel.com
> Cc: stds-802-sec@listserv.ieee.org
> Subject: [802SEC] FW: [802SEC] 802 Banking account proposal
>
>
> John, As the 2nd attachment and the URL below show Wachovia location
> are
> only in Southeast and Eastern states plus Texas. I'm a lot further from
> a
> Wachovia branch that you are from a US Bank branch. Let try to pick
> something that is a bit more universal.
>
> See:
> http://wachovia.via.infonow.net/locator/SearchAction.do;jsessionid=749AA
> 8276999306998A65D5F2F14787D.webls2?country=USA&searchCustom__adv=false&m
> apAndList=mapAndList&street1=&city=&stateProvince=WA&postalCode=98004&se
> archCustom__locationTypeBranch=BRANCH&searchCustom__locationTypeBranchIs
> Present=TRUE&searchCustom__locationTypeAtmIsPresent=TRUE&SEARCH=Search
>
> By comparison there are 5 Bank of America branches within 5 miles of
> your
> home (see 1st attachment). There are even more in my area and all over
> California and Massachusetts and New York, and virtually every other
> state
> including Alaska & Hawaii. So if we want easy access BofA would seem to
> be
> the logical choice. Plus they have all the features we are seeking and
> have
> the best online banking system of all the ones I've
> tried. Try it, you'll like it !!! :-)
>
>
> Thanx, Buzz
> Dr. Everett O. (Buzz) Rigsbee
> Boeing IT
> PO Box 3707, M/S: 7M-FM
> Seattle, WA 98124-2207
> NOTE: New phone number; please update your list.
> Ph: (425) 373-8960 Fx: (425) 865-6721
> Cell: (425) 417-1022
> everett.o.rigsbee@boeing.com
>
>
> -----Original Message-----
> From: Rigsbee, Everett O
> Sent: Thursday, October 12, 2006 3:24 PM
> To: STDS-802-SEC@listserv.ieee.org
> Subject: Re: [802SEC] 802 Banking account proposal
>
>
> John, I think you are trading your problem with US Bank for mine with
> Wachovia, which as far as I know only has branches east of the
> Mississippi. I thought we were going to do Bank of America, which is
> truly everywhere in the US. If I remember correctly there were some
> serious problems with the IEEE concentration banking concept that Bob
> Grow detected early on and recommended against our choosing them, not
> the least of which was that IEEE could choose to withdraw all of our
> money without our permission and with no warning to us. There were some
> other problems too if I remember correctly.
>
> I'm all for us getting a better (more progressive) bank to work with,
> but I think we should stay independent with a bank that is truly
> ubiquitous, e.g. Bank of America.
>
>
> Thanx, Buzz
> Dr. Everett O. (Buzz) Rigsbee
> Boeing IT
> PO Box 3707, M/S: 7M-FM
> Seattle, WA 98124-2207
> NOTE: New phone number; please update your list.
> Ph: (425) 373-8960 Fx: (425) 865-6721
> Cell: (425) 417-1022
> everett.o.rigsbee@boeing.com
>
>
> -----Original Message-----
> From: John Hawkins [mailto:jhawkins@NORTEL.COM]
> Sent: Thursday, October 12, 2006 2:50 PM
> To: STDS-802-SEC@listserv.ieee.org
> Subject: [802SEC] 802 Banking account proposal
>
>
> Folks,
>
> At the November plenary, I'd like to propose a motion, seeking your
> approval to change our provider for banking services. In advance of
> that, I thought I'd explain the rationale, and entertain your questions
> so the matter could be dealt with expeditiously at the closing EC
> meeting.
>
> I'm proposing we sign on with a new program IEEE is providing referred
> to as "Concentration Banking" where all societies/regions/conferences
> etc pool their funds. Some advantages:
> - We receive a more favorable interest rate (currently 4.94%)
> - The program provides for a Bank Card (similar to a debit card) which
> should facilitate small purchase transactions.
> - The provider is Wachovia bank, so proximity to a physical branch will
> no longer be an issue (US Bank's nearest location to me is Franklin, TN
> - 4 hours away). Though instances are rare when I actually have to be at
> a branch in person, it's a nice to have.
> - The program provides individualized banking statements with all the
> information we need to track transactions per our current practice. This
> includes online facilities for monitoring account activity.
> - There are no fees associated with the account.
> - Transitioning the management of this account to my successor (whoever
> the lucky person may be :-) should be easier as physical presence at the
> bank is not required.
>
> More information is available at
> http://www.ieee.org/portal/pages/services/financial/treasury/concentrati
> on.html
>
> I'm happy to answer any questions or address concerns you may have.
>
> Look forward to seeing everyone in November.
>
>> john
>> Treasurer, IEEE 802 Executive Committee
>> Tel 770 708 7375 (ESN 268)
>> Fax 770 708 7376 * Email jhawkins@ieee.com
>> Mail 4145 Ivy Chase Ln, Suwanee, GA 30024
>>
>>
>>
>
> ----------
> This email is sent from the 802 Executive Committee email reflector.
> This list is maintained by Listserv.
>
> ----------
> This email is sent from the 802 Executive Committee email reflector.
> This list is maintained by Listserv.
>
> ----------
> This email is sent from the 802 Executive Committee email reflector.
> This
> list is maintained by Listserv.
>
> ----------
> This email is sent from the 802 Executive Committee email reflector. This list is maintained by Listserv.
>
----------
This email is sent from the 802 Executive Committee email reflector. This list is maintained by Listserv.