BofA and debit card fees

bearbones (OP)

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BofA and debit card fees

September 30, 2011, 03:17:43 PM

http://www.washingtonpost.com/business/summary-box-bank-of-america-to-charge-5-monthly-debit-card-fee/2011/09/29/gIQAjODo7K_story.html

This has obvious implications for Bitcoin. Our conversation with the public just got much simpler. Why use Bitcoin? We don't charge $5/month for access to your own money.

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How can the Bitcoin system be changed?

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Elwar

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Re: BofA and debit card fees

September 30, 2011, 04:02:27 PM

The banks just make things easier for us.

BofA is a gift to Bitcoins like Obama is a gift to liberty.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.

Steve

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Re: BofA and debit card fees

September 30, 2011, 04:47:04 PM

Eventually the public will figure out how silly it is to pay a fee to have a company store bits of data in a database for you. When people start taking their money out of banks, then the banks will also realize how silly that is and they'll start paying you for access to your money.

(gasteve on IRC) Does your website accept cash? https://bitpay.com

Serge

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Re: BofA and debit card fees

September 30, 2011, 04:57:02 PM

there are more news
http://www.bloomberg.com/news/2011-09-22/visa-mastercard-to-raise-fees-on-small-purchases-analyst-says.html

bearbones (OP)

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Re: BofA and debit card fees

September 30, 2011, 05:13:42 PM

Quote from: Serge on September 30, 2011, 04:57:02 PM

there are more news
http://www.bloomberg.com/news/2011-09-22/visa-mastercard-to-raise-fees-on-small-purchases-analyst-says.html

It really is like they're trying to force people into looking at alternatives...

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evoorhees

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Re: BofA and debit card fees

September 30, 2011, 05:23:05 PM

Quote from: bearbones on September 30, 2011, 05:13:42 PM

Quote from: Serge on September 30, 2011, 04:57:02 PM

there are more news
http://www.bloomberg.com/news/2011-09-22/visa-mastercard-to-raise-fees-on-small-purchases-analyst-says.html

It really is like they're trying to force people into looking at alternatives...

More like, they don't yet realize that alternatives exist, and they're acting on false assumptions...

bearbones (OP)

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Re: BofA and debit card fees

September 30, 2011, 07:33:31 PM

Quote from: evoorhees on September 30, 2011, 05:23:05 PM

Quote from: bearbones on September 30, 2011, 05:13:42 PM

Quote from: Serge on September 30, 2011, 04:57:02 PM

there are more news
http://www.bloomberg.com/news/2011-09-22/visa-mastercard-to-raise-fees-on-small-purchases-analyst-says.html

It really is like they're trying to force people into looking at alternatives...

More like, they don't yet realize that alternatives exist, and they're acting on false assumptions...

Their mistake. Lets capitalize!

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error

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Re: BofA and debit card fees

September 30, 2011, 10:30:13 PM

Just got a notice from Citibank that basic checking would be $10 a month starting in November. This is great news for Bitcoin, though of course terrible news for people stuck with traditional banks.

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danman87

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Re: BofA and debit card fees

September 30, 2011, 10:43:56 PM

So what are you guys doing? Closing your accounts and converting all money into BTC?

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