To the editor of THE EAGLE:
I have been in the habit, when I don’t know what to get people as gifts, of buying gift cards from large banks, as they can be used everywhere. I have decided not to do that anymore as one of my recipients hung onto his for about 16 months, when he wanted to use it. Much to his surprise, he found that the big national banks can charge non-use fees after one year, and the card had lost four-fifths of its value. It does tell you this on the back of the card in decent print, but who reads the back of the card -- a gift card is a gift card.
According to the attorney general’s office, this is legal even in Massachusetts. As far as I’m concerned, legal or not this is a rip-off, just another example of how the big banks win friends and influence people.