for those watching the evolution of x.com (so well documented in this
list :), they sent out the closing announcement tonight.

effective 2000/dec/01 all checking, cd and mutual fund accounts are
closed.  the cd holders of course get the full interest which would
have been paid at maturity; probably only a small charge for the
bottom line.

they stop accepting deposits on the 20th.

earlier there was a proxy vote on adding debit cards and check writing
privs to the money market fund.  this has been followed by the recent
addition of interest payments on paypal balances.  

i expect an announcement soon of a debit card (titanium again?) and
checks for paypal accounts.  

x certainly had more money behind it than paypal, but it seems the
us consumers were just not ready to buy into fully internet banks;
paypal's positioning as a c2c payment facilitator proved to be the
better sell.  

perhaps some other net-only bank will move into the vacuum left
behind by x.  or not.

a brokerage account with unlimited checks and a debit card is
perhaps a better choice.  

in the end, though, my money is on e-gold and family.

-JimC
-- 
James H. Cloos, Jr.  <http://jhcloos.com/public_key>     1024D/ED7DAEA6 
<[EMAIL PROTECTED]>  E9E9 F828 61A4 6EA9 0F2B  63E7 997A 9F17 ED7D AEA6
     Is this post worth two cents?  Then goto <http://2cw.org/23>!


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