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BofA and debit card fees
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Topic: BofA and debit card fees (Read 1063 times)
bearbones
(OP)
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BofA and debit card fees
September 30, 2011, 03:17:43 PM
#1
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.
Feed Ze Birds
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Coinapult
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Elwar
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Viva Ut Vivas
Re: BofA and debit card fees
September 30, 2011, 04:02:27 PM
#2
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
#3
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
#4
there are more news
http://www.bloomberg.com/news/2011-09-22/visa-mastercard-to-raise-fees-on-small-purchases-analyst-says.html
bearbones
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Re: BofA and debit card fees
September 30, 2011, 05:13:42 PM
#5
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...
Feed Ze Birds
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Coinapult
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evoorhees
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Democracy is the original 51% attack
Re: BofA and debit card fees
September 30, 2011, 05:23:05 PM
#6
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
#7
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!
Feed Ze Birds
Pay and get paid for tweets
Coinapult
Send Bitcoins easily over email or text message
error
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Re: BofA and debit card fees
September 30, 2011, 10:30:13 PM
#8
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.
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
danman87
Member
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Activity: 80
Merit: 10
Re: BofA and debit card fees
September 30, 2011, 10:43:56 PM
#9
So what are you guys doing? Closing your accounts and converting all money into BTC?
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