On 30 Nov, 06:43, (Neil Williams)
wrote:
On Sun, 29 Nov 2009 16:25:42 -0800 (PST), MIG

wrote:
So Oyster would be a bank. *It ought to pay interest.

Most current accounts don't.

Didn't mean the comments to follow necessarily. It ought to pay
interest anyway. It's a system for us to lend our money up front and
use it later along with a whole new assumption of guilt, and now huge
inconveniences, thrown at us.

It's supposed to make everything more convenient, but in practice what
we really get is all other fares put up to coerce us to use this
system where we lend our money up front, but for practical reasons
that involves far more inconvenience and complication when we have to
mix systems to get the best deal.

The £3, which almost no one is ever going to claim back, is like a
bank charge for having an account at all. Most banks offer
inducements to get you to lend them their money.