I don’t need to deposit but apparently it is necessary in order to establish the account with EcoCard.
No, this isn’t the case. I didn’t have to do that; neither should you.
My bank also says that to receive money via Bank Wire (once again the only method of withdrawing from EcoCard that I can see) is also $50.
I’d look for a bank that doesn’t charge such a high fee. $50 seems awfully high for something as basic as an incoming wire.
EcoCard charges $10 per withdrawal. Then, Danske Bank charges $20 to send the wire to you. My bank charges nothing to receive the incoming wire. So, overall it costs me $30 for each EcoCard withdrawal.
We’re talking $60 for every withdrawal from EcoCard to my bank
In your case, it would actually cost you $80 for every withdrawal. $10 from EcoCard, $20 from Danske Bank, and then $50 from your bank. Ouch! :nervous: