I hardly ever carry any cash. Last week I lost my wallet. It had a few coins in it for parking meters, 2 cards: debit card & a credit card, both pin-code controlled. And my frigging driver’s licence! One phone call and both cards were cancelled, no other loss. (the driver’s a foreign one so will be a pain to replace but anyway) I prefer it this way but the banks know this and have allowed me to enter this comfort zone by increasing face-to-face fees etc in the old norm and having zero fees with the new method. Now they’re going to stiff us with fees because cashless is the new norm.
My bank morphed my “free checking” account into a “personal checking” account that charges me $5 per month unless I carry a $1500 balance or have $500 per month in direct deposits. I setup the DD to avoid the fee and then an automatic transfer set for the next day to distribute some of it to the account I want it in.
runar over 12 years ago
I quit my old bank when they started charging me 30¢ every time I used my debit card.
OmqR-IV.0 over 12 years ago
I hardly ever carry any cash. Last week I lost my wallet. It had a few coins in it for parking meters, 2 cards: debit card & a credit card, both pin-code controlled. And my frigging driver’s licence! One phone call and both cards were cancelled, no other loss. (the driver’s a foreign one so will be a pain to replace but anyway) I prefer it this way but the banks know this and have allowed me to enter this comfort zone by increasing face-to-face fees etc in the old norm and having zero fees with the new method. Now they’re going to stiff us with fees because cashless is the new norm.
Jason Allen over 12 years ago
My bank morphed my “free checking” account into a “personal checking” account that charges me $5 per month unless I carry a $1500 balance or have $500 per month in direct deposits. I setup the DD to avoid the fee and then an automatic transfer set for the next day to distribute some of it to the account I want it in.