Author

Topic: BofA and debit card fees (Read 1082 times)

member
Activity: 80
Merit: 10
September 30, 2011, 05:43:56 PM
#9
So what are you guys doing? Closing your accounts and converting all money into BTC?
hero member
Activity: 588
Merit: 500
September 30, 2011, 05:30:13 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.
sr. member
Activity: 316
Merit: 250
September 30, 2011, 02:33:31 PM
#7

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

Their mistake. Lets capitalize! Smiley
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
September 30, 2011, 12:23:05 PM
#6

More like, they don't yet realize that alternatives exist, and they're acting on false assumptions...
sr. member
Activity: 316
Merit: 250
September 30, 2011, 12:13:42 PM
#5
hero member
Activity: 868
Merit: 1008
September 30, 2011, 11:47:04 AM
#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.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
September 30, 2011, 11:02:27 AM
#2
The banks just make things easier for us.


BofA is a gift to Bitcoins like Obama is a gift to liberty.
sr. member
Activity: 316
Merit: 250
September 30, 2011, 10:17:43 AM
#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.
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