15 Matching Annotations
  1. Apr 2024
  2. Mar 2024
    1. There’s also an extra perk: If you use an out-of-network ATM, Ally doesn’t charge a fee. If the ATM provider does, Ally will reimburse those fees up to $10 per month.
  3. Oct 2023
  4. Mar 2023
    1. In short, in the absence of legal tender laws, the seller will not accept anything but money of certain value (good money), but the existence of legal tender laws will cause the buyer to offer only money with the lowest commodity value (bad money), as the creditor must accept such money at face value.

      During the coronavirus pandemic, many vendors facing inflation began to pass along the 3% (or more) credit card processing fees to their customers. Previously many credit card companies would penalize vendors for doing this (and possibly cut them off). This fee was considered "the cost of doing business".

      Some vendors prior to the pandemic would provide cash discounts on large orders because they could circumvent these fees.

      Does this affect (harm) inflation? Is it a form of Gresham's law at play here? What effect does this have on credit card companies? Are they so integral to the system that it doesn't affect them, but instead the customers using their legal tender?

  5. Aug 2022
  6. Mar 2022
    1. The MRV fee is valid and may be used to schedule an interview appointment in the country where it was purchased within one year of the date of payment
  7. Feb 2021
    1. How much will people be charged for going to an out-of-network ATM?
    2. What if I don't live near a Direct Express® card surcharge-free network ATM?
    3. How do I find a surcharge free network?
    4. Is there a fee to use the ATM?
    5. How does my free ATM cash withdrawal work?
    6. How do I avoid transaction fees while using my Direct Express® card?
    7. How much do I have to pay for the Direct Express® card?
  8. Nov 2020
    1. Our preference is for checks in U.S. dollars, drawn on U.S. bank accounts. Checks in currencies other than U.S. dollars, or from bank accounts outside the U.S., can be very expensive for us to process, which reduces the value of your gift.