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#61 Rich

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Posted 15 December 2018 - 10:00 PM

Citibank - no charge ever and I've had a debit card for at least 12 years.



#62 Sneakeater

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Posted 15 December 2018 - 11:07 PM

No charge if you're someone like you.

 

Do you think someone could come in with no income, no assets, maybe not even a street address, and get an account with a free debit card?  What would there be to debit?


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#63 Anthony Bonner

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Posted 15 December 2018 - 11:45 PM

It's "only" the id which is problematic. Assuming you are smart enough to know they are supposed to offer the basic account to you.

"This is a battle of who blinks first, and we've cut off our eyelids"


#64 Wilfrid

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Posted 16 December 2018 - 12:49 AM

Okay guys, there is no activation fee or annual fees on prepaid Visa debit cards available from all those high street check cashing places, nor do you (generally) even need ID. They’re monetized by charging a small percentage on deposits. The percentages are low because they are aimed at low income customers.

Nobody who could pay cash for a $10 chicken sandwich would be deterred. I applaud the sentiment here, but it doesn’t really have a practical effect on anyone who can afford a Fuku in the first place.

That there are people who can’t afford it is another subject, for another place.

#65 Orik

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Posted 16 December 2018 - 02:24 AM

and drug dealers, don't forget about them


sandwiches that are large and filling and do not contain tuna or prawns

#66 Orik

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Posted 16 December 2018 - 02:27 AM

Also, think about crusties. The city did them a solid with usb chargers and free wifi but the Israeli mafia still wants cash for $0.99 pizza.


sandwiches that are large and filling and do not contain tuna or prawns

#67 joethefoodie

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Posted 16 December 2018 - 11:57 AM

Citibank - no charge ever and I've had a debit card for at least 12 years.

You probably maintain a minimum balance.



#68 Orik

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Posted 16 December 2018 - 01:11 PM

Okay guys, there is no activation fee or annual fees on prepaid Visa debit cards available from all those high street check cashing places, nor do you (generally) even need ID. They’re monetized by charging a small percentage on deposits. The percentages are low because they are aimed at low income customers.

Nobody who could pay cash for a $10 chicken sandwich would be deterred. I applaud the sentiment here, but it doesn’t really have a practical effect on anyone who can afford a Fuku in the first place.

That there are people who can’t afford it is another subject, for another place.

 

https://www.inpowerc...s/long-form.pdf


sandwiches that are large and filling and do not contain tuna or prawns

#69 Anthony Bonner

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Posted 16 December 2018 - 02:16 PM

Yeah. Ripping off the under/unbanked is a thing.

"This is a battle of who blinks first, and we've cut off our eyelids"


#70 joethefoodie

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Posted 16 December 2018 - 05:54 PM

Yeah. Ripping off the under/unbanked is a thing.

Don't want to get political, but yeah, it is. And the guy who was making it easier to do so is now the chief of staff!



#71 Wilfrid

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Posted 17 December 2018 - 12:04 AM

That’s pretty much what I described, right? There are fees for using it, as there are with debit cards tied to checking accounts.

Not indeed to get political, but isn’t the problem more about income security that whether a fancy sandwich place takes cash or not?

#72 Orik

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Posted 17 December 2018 - 04:36 AM

Not really.

Why should I get an almost 5% discount on everything I buy via chase points then converted to flights at a discount where some poor bastard gets no discount and has to pay fees? Just limit credit card merchant fees to the 0.5% they should be at and then we can talk about equal access.

Also the off the books aspect is substantial. Like it or not, it reduces your restaurant bill by a good 5%, maybe a bit more.

I am hardly a proponent of cash, but current debit cards aren't a great replacement.
sandwiches that are large and filling and do not contain tuna or prawns

#73 Wilfrid

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Posted 17 December 2018 - 06:31 PM

Because credit card companies and banks have alternative ways of monetizing your business?

 

All I'm saying is that for the very niche population threatened by this trend -- those who can afford $10 chicken sandwiches but can't open a checking account -- there's are obvious solutions.



#74 joethefoodie

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Posted 17 December 2018 - 06:49 PM

Poor people are a niche?



#75 StephanieL

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Posted 17 December 2018 - 07:29 PM

Also, how is it legal not to accept cash, which is supposed to be legal tender accepted everywhere?


"Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires." --John Steinbeck

 

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