Post Content

Posted by: 
Jayda Leder-Luis

Jayda bug

With all the outrage from consumers, Bank of America announced early last week that it would not be charging a $5 monthly debit card fee.  Despite this turn of events, I am still committed to being a cash-only consumer for the entire month. 

I experienced some minor setbacks in my usual routine because of the no-swipe rule.  On Tuesday, I went to get coffee with my coworker but only had $1, and, although there is an ATM next to the store, my coworker said “forget it” and paid for my coffee. 

A similar situation arose last night.  I didn’t have cash on me when I went to order food, so my boyfriend paid for it and I agreed to pay him back.  Racking up debts certainly was not something I wanted to be part of this ordeal, but at least it doesn’t come with interest like putting the charges on my credit card would have.

Stopping at the ATM held up my roommates when we were going out to watch the Pats’ game, and two of them even offered to pay me $5 to cover the would-have-been-fee if I would “just swipe already!” 

I felt that same way this morning when I tapped my Charlie Card at the train station, only to have the machine flash “NOT ENOUGH VALUE.”  There were already two people waiting at the ATM and I heard the train screech along while I was waiting to withdraw cash.  I was 20 minutes late to work, but my boss understood, given the circumstances.

I learned two lessons from this week: living a no-swipe life means 1) more frequent trips to or more substantial withdrawals from the ATM, and 2) I must always refill my T card before the morning commute.

 

Written By:

Recent Posts

May is Military Appreciation Month posted on May 26

  May is Military Appreciation Month and the Office of Consumer Affairs and Business Regulation, together with its regulatory agencies, acknowledges and remembers all the men and women who have made the ultimate sacrifice in service to our country. The Office also extends sincere and   …Continue Reading May is Military Appreciation Month

Online Smarts: Dangers of Public Wi-Fi posted on May 26

  Free, public Wi-Fi is available almost everywhere today. From the usual spots, such as coffee bars and airports, to the less common, such as steakhouses and amusement parks, public Wi-Fi is a convenience upon which most consumers rely. The problem with public Wi-Fi, however,   …Continue Reading Online Smarts: Dangers of Public Wi-Fi

Online Smarts: Crowdfunding Scams posted on May 20

  Crowdfunding websites have become major platforms for raising money for various causes, from the production of a local band’s first album to the payment of a cancer patient’s medical expenses. While websites like Kickstarter and GoFundMe have been instrumental in funding entrepreneurial products and   …Continue Reading Online Smarts: Crowdfunding Scams