Virtu-o-Purse: Valve’s Confusing Steam Wallet

By Alec Meer on September 14th, 2010 at 7:28 pm.

Don't pretend you don't wish you owned this purse, macho man

Do you like spending money? Yeah? Well, how about spending it without actually getting something in return? At least not right away. That’s the ethos behind Valve’s new Steam Wallet, which means you can lob cash into a virtualised account to use at a later date. Pay as you go gaming, essentially – put the money in now, spend it later. I’m a little lost as to the use of it (and the general inter-RPS response has been ‘guh?’), but possibly that’s because I’m a horrible middleclass pigdog who only buys games as and when he can afford them.

This is for guys who want to put a little aside specifically for future gaming purchases – or perhaps more usefully, for parents granting specialised pocket money to well-behaved children. “Well done for not kicking anyone in the face at school today, young Brian – I’ve left enough to buy Diner Dash 2 in your digi-wallet.”

Apparently you can buy promotional codes’n'that too, so it might make Christmas presents for gaming types who no longer require physical possessions because everything they want is now digital that much easier. Perhaps it’ll even lead to giftcards featuring cutesy Heavy artwork or pictures of GlaDOS wearing a money hat.

Fortunately, it hasn’t moved into the realm of virtual currency like Microsoftblobs or whatever that Xbox stuff’s called. Pure $$$, which mercifully relieves the need to translate 600 into £5.

To access Steam Wallet, you currently need to click this link, as they’re not flagging it up within the client as yet. Interestingly, you can also do it via your browser, which I guess supports the theory that it’s for parents/partners/symbiotic brain-slugs to buy gifts. Full roll-out soon, no doubt.

If you want to “do” “it” you can buy game credit in increments of $5, $10, $25, $50, and $100, which is £4, £8, £18, £35 and £70 in proper respectable money.

So: what uses, if any, do you lot envisage for Virtu-o-purse?

(Incidentally, Steam’s having a random crazy sale on the original Knights of the Old Republic, knocking 75% from its venerable frame. £1.75/$2.99, for today only.)

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138 Comments »

  1. Jackalope says:

    Be useful for when they do a crazy sale. I missed out on L4D2 for stupid money during their summer sale because I didn’t get paid until the next day!

  2. Bob says:

    Will come in handy for xmas, as I’m always skint by the time the sale comes about!

  3. GenBanks says:

    Valve will pour money into my wallet whenever I unlock achievements. My gaming hobby will finally earn me some cash…….

  4. akbar says:

    Gift cards is one thing, I guess the system will also make it easier to implement in-game micro-payments?

    • akbar says:

      And then I saw the post’s tags.

      Me: not as clever as methinks.

    • Frank says:

      I did the same thing.

    • dadioflex says:

      Maybe they’re getting into online poker. There’s that poker game they’re already involved in.

    • Redem says:

      Micropayments are a pain in the ass if you have to break out the credit card every damn time you want to spend some pennies. This could be a useful alternative.

  5. Freud says:

    I guess the only real practical use of it is to have it as a gift, if that is possible. You can already gift games and having the giftee being able to choose for himself is good, I suppose. If you ask me, he should buy his own damned games.

    • Premium User Badge Thermal Ions says:

      Currently it doesn’t provide any gifting options, you can only add funds to your own account. Not to say they couldn’t expand the functionality later on.

      They may be looking at a staged roll-out which includes gifting and retail cards in the future once the backend service is suitably tested with this initial functionality.

    • Premium User Badge Thermal Ions says:

      From their new Subscriber Agreement (http://store.steampowered.com/subscriber_agreement/)

      “C. Steam Wallet.
      … You may place funds in your Steam Wallet up to a maximum amount determined by Valve, by credit card, prepaid card, promotional code, or any other payment method accepted by Steam. …”

      Also of note:

      “Funds added to the Steam Wallet are non-refundable and non-transferable.”

      “When your account uses your Steam Wallet to fund a purchase, you authorize Valve to deduct the amount of the purchase from your Steam Wallet. If you do not have sufficient funds in your Steam Wallet to make a purchase and you have previously entered your credit card information, we may automatically charge your credit card a minimum amount determined by Valve to make the purchase, even if such minimum amount exceeds the cost of your purchase. Any difference between the minimum charge and the cost of the purchase will be credited to your Steam Wallet.”

  6. DrGonzo says:

    Oh come on. The use of this is fairly obvious. It’s essentially like vouchers. A handy Xmas or Bday present.

    • Jim Rossignol says:

      Didn’t read the whole article, eh?

    • DrGonzo says:

      Facepalm. And apologies.

    • Alexander Norris says:

      However: where it gets interesting is if you can purchase vouchers for other people directly (without needing to be logged into their account), allowing you to send people in other pricing regions your money directly so they can buy you a game that you’d be ripped off for buying locally without having to use PayPal to send them the money.

    • DJ Phantoon says:

      Slap.

    • Tacroy says:

      Article? What article? I only read RPS for the staring eyes.

    • DigitalSignalX says:

      Alexander Norris has it – if true, it’s a brilliant way to circumnavigate the often WTF!? publisher pricing of some releases in US vs. EU vs. wherever.

    • FRIENDLYUNIT says:

      @ Jim, about Dr Gonzo
      Wait, hang on, ok sure it can be other things too but isn’t Dr Gonzo’s comment still true?

      As far as I’m concerned (and I prefer to manage my games budget in a different way) to me, that’s what it is: a gift certificate of sorts.

      I mean, slap? facepalm? Am I really stupid and missing something?

    • Premium User Badge Thermal Ions says:

      @ AN / DSX
      Except that it records where geographically (country and/or state) the funds have been added from. It’s unclear presently whether this would result in pricing and restrictions applicable for that location being enforced when using the funds or whether it would just outright block the game purchase if the funds location and game purchase locations don’t align.

    • DrGonzo says:

      The reason for the facepalm was that he essentially said in the article exactly what I did.

  7. MWoody says:

    My brothers’ birthday was in July, and I tried to get him a gift certificate to Steam. I was stunned to find that the largest single store for computer games had no method of giving gift certificates, only full games.

    This change not only makes perfect sense, it’s long overdue.

  8. JesusChristDenton says:

    I guess I can see this being useful for parents who give allowances to their kids but don’t want to give them credit cards or something?

    • Feste says:

      Or alternatively, giving yourself an allowance and a means of not going over it.

    • medwards says:

      this. I can now drip feed myself cash to buy games. Think of it as a ‘gaming’ bank account so you don’t have to think in your head “Have I spent too much on games in the past two months?”

  9. Daniel Rivas says:

    Wait, is “Pigdog” an actual thing people say? I thought it was something my dad made up to be endearingly nonsensical.

    • Mr_Day says:

      @Daniel Rivas

      First heard it in Hot Shots Part Deux, which featured the awesome line “And now you die, you yankee American pigdog!”

      It also featured the even better line “We’ll settle this the old navy way. First one to die, loses!”

      http://www.youtube.com/watch?v=hEc-9hIdK0E

      As for the wallet thing, perhaps combining this with an age restriction feature could be good for keeping kids quiet. “You want a game? Have you got enough on the account? Well, no more until next month.”

    • Premium User Badge Malcolm says:

      It was in Monty Python and the Holy Grail long before hotshots. Anyone got any earlier examples?

    • Daniel Rivas says:

      My entire worldview is crumbling around my feet.

      Hold me.

    • Mr_Day says:

      @Malcolm

      Now you have shown that, I am questioning whether it was in Hot Shots at all – I think the line might have been “Yankee doodle dork.”

      Dunno why I didn’t twig Holy Grail. Oh well, one good thing is that I get a random hug out of it.

      *holds Daniel*

    • choconutjoe says:

      I always thought it came from the German ‘Sweinhund’, which is actually a real word (as far as I’m aware).

    • Optimaximal says:

      It’s a phrase of Germanic descent… Adolf Hitler was frequently heard muttering it whenever Polish-American soldiers infiltrated his death chamber!

    • Unaco says:

      Joseph Conrad’s novel “Victory”, from the early 20th Century. I’m not certain, but I think in that the character that used it (Schomberg) was German, possibly. I’ve always known it as a German expression, Schweinhund.

    • mandrill says:

      intrigued, I wne thunting for the origins of schweinehund being an insult but couldn’t find anything. I thought it might be something to do with there being a specific breed that was used by swineherds, or possibly a breed that was used for hunting wild boar (like wolfhound, but that wouldn’t be that insulting). but I souldn’t find anything.

      Anyone else any clues, its really beginning to bug me.

    • Fumarole says:

      I’ve come across it being used in the year 1919 by Edgar Rice Burroughs in the book Tarzan the Untamed.

    • Fumarole says:

      I should mention it was used as in insult in the book:

      “We have come upon the English schweinhund long before he can have learned that his country is at war with ours,” replied Schneider. “Let him be the first to feel the iron hand of Germany.”

  10. tekDragon says:

    Possible ability to trade in old steam games for steam-bux? Could be interesting, although I’d never see it happening.

    • Sulkdodds says:

      Well, it wouldn’t really make sense, would it? You’re only buying a licence (of which they have a theoretically infinite number), not anything they can actually go and sell to anyone else (which is the basis on which you trade in games to a second hand shop)…

    • Red Avatar says:

      Erm no, you’re not paying for a license. You’re paying for … well, for air basically. You don’t own squat. You are “given” the … “opportunity” (NOT the right, you have no rights on Steam) to play the game as long as Valve sees fit.

      Also, I dunno but I think the Steam Wallet can be extra dangerous as well – and if people now ask for a refund, Valve will probably simply add the money to the Steam Wallet, forcing you to buy another game. They’re no idiots.

    • Malibu Stacey says:

      Also, I dunno but I think the Steam Wallet can be extra dangerous as well – and if people now ask for a refund, Valve will probably simply add the money to the Steam Wallet, forcing you to buy another game. They’re no idiots.

      Exactly how Impulse do it if you’ve owned the game more than a certain time (which handily includes the time spent between pre-ordering but before actual release) and numerous actual retail shops which have nothing to do with games too? Oh wait I forgot we only call out VALVe/Steam around these parts. Best get the blinkers back on. Sorry chums I’ll get me pitchfork.

  11. Navagon says:

    It looks like they’ve tried to copy ideas like Gamersgate’s blue coins without really understanding how it works. Right now it’s completely pointless. I can only assume it’s going to evolve over time and they just want to get the basics right at the moment.

    • Vinraith says:

      Heh, yeah, somehow I can’t see Steam pulling a Gamersgate and giving you 5% in store credit back on every purchase.

    • Clovis says:

      @Vinraith: No, I think something like BlueCoins is possible. Or rather, something like PSN+. How about a Steam+ account? You get some free mini-games or whatever, and other bonuses of dubious value. You also get to accumulate some extra Valve Bucks for buying games or whatever. These schemes are never a simple give away. Although some people will save money using them, a lot of people won’t. Anyway, I really wouldn’t be surprised if Valve finds new complicated ways for users to “save” money.

      I’m sounding negative here, but I’d probably buy into a Steam+ service since 80%+ of my games come from Steam. An incentive program could easily push that to 100%.

    • Vinraith says:

      @Clovis

      These schemes are never a simple give away.

      Actually that’s exactly what blue coins are. I’ve never understood why Gamersgate doesn’t better advertise “free store credit with every purchase.”

      Anyway, I have no problem believing that Steam would set up a service to charge you to get credit back on purchases (indeed, that kind of lock-in system is very them, and would no doubt strengthen their stranglehold on the platform). My point was they’d never do what Gamersgate does: give you credit back with no strings. There’s nothing in it for them, they’re already the dominant service.

    • malkav11 says:

      Gamersgate Blue Coins expire after a certain amount of time. They’re a potential bonus but you’d have to shop pretty heavily with them to get much use out of the 5% coins back feature.

    • Collic says:

      Why is lock in ‘very them’? because you need to use the client to access your steam games?. It’s hardly like buying things with Microsoft bucks through GFWL.

  12. Uhm says:

    I think its use will be for people to boast about how much they have in their steam wallet.

    • MWoody says:

      “Steam Achievement Unlocked – Mr. Wall Street! – You have over $100 in your Steam account.”

      Oh god, I wish this didn’t sound plausible. I’m surprised Microsoft hadn’t done it already.

    • Optimaximal says:

      Probably because Wall Street wouldn’t be receptive to Microsoft’s funny money.

  13. jake says:

    Sounds like they would like to relieve you of that bothersome “compounding interest” that’s always cluttering your bank account.

    • Fred Wester, CEO of Paradox says:

      Exactly, essentially Valve are inviting you to give them a 0% interest loan between paying the money in and actually using it for something. I can’t really see people lining up to take advantage of such a generous offer.

    • Berzee says:

      Me either, but it seems like every fast food restaurant around here advertises the same thing.

    • RedFred says:

      I think you will be surprised at how many people use this not realising the downfall of it.

    • Pete says:

      Losing out on current account interest of 1% APR on an amount of money less than £100? This is like refusing to have a sofa in your house because you lose change down it.

      Opinion, away!

  14. BK says:

    My guess is that this has something to do with steam now accepting paysafe cards as a payment method.

  15. Mistabashi says:

    Seems like this is probably in preparation of Steam’s launch on PS3 – having some kind of voucher system is essential for a console distribution platform given that a large proportion of PS3 owners are still relying on pocket money to fund their gaming habit. I wouldn’t be surprised if they rolled-out vouchers that can be bought in stores for cash like Microsoft did.

    I can also see it being rather handy as a vehicle for some interesting ‘cash-back’ promotions, or perhaps some sort of trade-in scheme.

    • Gremmi says:

      Steam isn’t launching on PS3 though, Steamworks is. They’re different things.

  16. airtekh says:

    This is pretty much exactly what I do when I buy games off Steam anyway, except I do it via PayPal.

    I transfer money from my bank account to my PayPal account (I don’t own a credit card) and then use that balance to pay for my Steam purchases.

    For me, this new system is already superseded by my PayPal account, because I can use that to pay for other stuff like eBay items.

  17. ezekiel2517 says:

    As long as it is not a required e-currency nonsense, I don’t see a problem with it.

    Yes, I enjoy stating the obvious.

  18. Dreamhacker says:

    Piglizard > Pigdog.

    As for the Steam-wallet, I’ve got a bad feeling about this. As if we’re about to witness the true side of Valve.

    • pipman3000 says:

      nah that bad feeling is probably just that fear of new things that makes everyone at civfanatics afraid that steam is going to hijack their bank account because this one guy on the forum who has like 30000 posts said steam is a trojan and someone who has been around for that long can’t be wrong!

  19. Xercies says:

    Or you could use a normal bank account…just saying.

  20. pipman3000 says:

    awesome now i will never have to worry about missing out on a deal just because i’m strapped for cash (i’m almost always broke)

    • pipman3000 says:

      like pre-ordering shit only instead of doing it for a game that isn’t out yet its for one of the deals they have like every five minutes.

      like pre-ordering deals. cool

    • Emphursis says:

      OMGOMGOMGOMGOMG!
      We both posted at 8:14, and replied to our posts at 8:15! This must end before we cause a rupture in the Space Time Continuum

  21. Emphursis says:

    Hmm, I suppose it could be useful. You could put £5 in a month, and at the end of the year, get a load of games in their sales.
    Or something like that.

    • Emphursis says:

      Also, I have now started adding ‘Opinion Away’ to the end of most sentences in normal conversation.
      Is that bad? xD

    • Fumarole says:

      Imagine having your Steam account jacked with lotsa Steambucks in it. Ouch.

    • Fumarole says:

      Er, that wasn’t supposed to be a reply to anyone.

  22. CMaster says:

    Cutesey Heavy cards etc already exist, see the Valve store, specifically this page

  23. Evil otto says:

    I am hoping that Valve will implement a system in which you can sell games back to steam for 50%(or so) of the price, received in Valve wallet currency. That would be awesome. Play a game, then get something back for it after you’ve finished it.

    • Chris says:

      This was exactly what I thought when I saw it. A major weakness of Steam is the lack of secondary market for games, which was previously explained as being due to the impossibility of legally transferring ownership of a digital download. Now if Valve own a digi-cash system, just remove the game from your account and credit you with Valve-o-dollars (a bit like omni-gel in ME1).

      Of course, whether they’d do that when it essentially means giving you new games for free (you having an old game doesn’t cost them anything) is debateable, but it’d be nice for us.

    • Red Avatar says:

      They’d NEVER do that. Valve, like most businesses, want the second hand market to DIE. I think most people here have a warped vision of Valve – they’re no good Samaritans. They’re a business who is smart with PR and hides its dirty laundry.

      If Valve were truly as good as they pretend they are, they would be selling licenses, not worthless subscriptions. They’d make a “Steam Lite” client which doesn’t need the whole thing to boot up. They’d stop locking down entire accounts because of a single bounced payment. They would allow for pre-order cancellations. They’d allow for refunds. Their moderators wouldn’t be wannabe Gestapo. etc. etc. etc. so stop all the Valve worshipping.

      Guess what: Gamersgate does all of that better: they sell licenses, they don’t lock accounts if a payment bounces, their customer service is top notch, they do allow for refunds and pre-order cancellations, their staff is very friendly and often gives away full games as a gift, etc. etc.

  24. davefp says:

    Maybe this will lead to that credit card with Steam rewards that I’ve always wanted…

  25. SheffieldSteel says:

    I will sign up for this capitalist running dog scheme if it will allow be to buy Minecraft without having to subscribe to that capitalist running dog scheme.

  26. IAT says:

    This is somewhat nice, seeing as I sometimes receive payment in steam games instead of actual money anyway. Now I don’t need to message people weeks or months later for them to gift me something!

  27. Berzee says:

    From the sounds of these comments, I’m the only one who uses my checking account like a, y’know, wallet?

    This mystifies me as much as “preloadable” cards for McDonalds or any other place. Why anyone with a debit card would sacrifice their liquidity and (paltry) interest just to be able to one-click-buy, I dunno.

    For gift cards though, it’s obviously almost a necessity. That reminds me I have to spend a Bed Bath and Beyond gift card soon. Nice! Maybe I’ll get a giant tongs?

    How about using your steam wallet to award and receive prize money in l337 t0urn3yz?

  28. dethtoll says:

    I think if you’re looking for a suitable analogy, it’s a bit like Microsoft Points or one of the other consoles’ equivalents. You pay your money, and that sticks around until you use the points to buy something.

  29. MappyMousePD says:

    So if I put in $100, I can just buy games with one click when there’s a sale? That’s awesome!

  30. noobnob says:

    Considering currency fluctuations, this could actually be very useful if you expect the value of the US Dollar to suddenly rise. I don’t see it happening anytime soon, but…WHO KNOWS.

    • mr.terrorist says:

      This is actually a valid way to make money. Its called “forex” (foreign exchange).

      My dad does it, but you have to use large amounts of money to make anything substantial and you REALLY need to know what you،re doing.

    • Andreas says:

      You two are missing something rather huge.

      You put in 100$. Value of dollar goes up. You still have 100$. Wehey.

      Unless you actually buy games with the cash, you’re not likely to become a steam forex trader anytime soon.

    • Red Avatar says:

      Andreas: you’re the one who’s missing the point. Put in $100 when the dollar is cheap and then when it goes up, you STILL have $100 BUT the value of the dollar has increased so if you were to then buy a game which was previously not released yet, you’d get it cheaper.

      Or you can just add dollars to your paypal account of course.

  31. JonFitt says:

    I’ll use it. I’ve been trying to keep a lid on how much I’m spending on Steam. This way I can make a monthly deposit and spend it as and when.

    Now I wonder if they can do Direct Debit…

  32. thesundaybest says:

    I would say this is a thinly-veiled cash grab that couldn’t possibly work, except Starbucks has been successfully working this angle for years. How long until we find out Starbucks has been investing all the “idle” money in your account? (They’re probably not doing that. Probably.)

    • RedFred says:

      Ha! Welcome to the world on insurance.

    • lePooch says:

      All the money Starbucks makes for coffee cards count as their own, actually. The money does not collect interest, it most probably goes into paying for the next new in some far away shopping mall. After all, its not like you can demand a refund of those cards…

  33. Shodan says:

    I suspect this may be their way of simplifying refunds and rewards. “Sorry, we severely fucked up your game, here’s 5 pounds!”

    Either that or they’re going to introduce steam gambling or spending real money in counter strike to buy guns?

    • SuperNashwan says:

      It could well be a precursor to introducing micro-payments to Steam (*vomits*). There’s a reason Live and PSN use moonbucks instead of just letting you pay as and when, credit card transactions are charged by the providers per transaction so selling map packs for a couple of dollars isn’t really feasible without having the consumer buy a big chunk of MS points or whatever.

  34. Scatterbrainpaul says:

    Sadly I can;t see any benefit from Valves point of you to let you trade in old games for money. Unless they could implement a system that lets you sell your old steam games to other steam users and they could take a % of the sale

  35. brio says:

    there’s actually the german word “Schweinehund”, which means something like a**hole. it’s pretty common in germany (where i’m from;)). The word pigdog is be the exact translation of it.

  36. Heliocentric says:

    This will legitimately be used. Every christmas i tell my partner i don’t want physical games. Every year she tells me she wants to get *something*. That something has been created.

  37. ddthesm says:

    I would think from Valve’s standpoint, it gives them a little wiggle room to use your money for investments, and they just credit your account (kind of the same reason stores prefer giving you a gift card instead of real cash, because they need real cash too).

    From a consumer standpoint, more options will only make this service better than before as long as it’s simple.

    Finally, as long as they don’t make this the ONLY way to pay for stuff (Microsoft….why? Why do you complicate things so much and yet have such a great console?)

    • Ziv says:

      This makes sense for a small company or some sort of long term payment where having all the money ahead can be good.
      but for Valve? they have enough money that this will be even less than pocket change.

  38. Warduke says:

    Now if they would just implement wish lists so I could keep track of all the games I’ll never play!

  39. Ziv says:

    ” Perhaps it’ll even lead to giftcards featuring cutesy Heavy artwork or pictures of GlaDOS wearing a money hat.”

    I WOULD TOTALLY BUY THAT!

  40. Evan says:

    This is a ploy to make Steam more palatable to brick-and-mortar retailers. Expect a corollary announcement about Walmart, or GameStop … or someone else … who is “joining forces with steam” or whatever. Some store will be using steam as a backend for online sales, or only selling game credits in store … or something.

  41. LionsPhil says:

    Conspiracy theories that this is Step 1 in positioning to undercut and destroy PayPal because Gabe is incensed at how they’ve treated new-Valve-friend Notch: go.

  42. stahlwerk says:

    A heads up: Euroboys and Eurogirls get to amass virtual valuables in Eurodollars (5€, 10€, … 100 €).

  43. MadTinkerer says:

    Here’s a great use for the Steam Wallet I can think of: gorging oneself on the Summer/Winter Massive-Insano-Sales.

    See: During each of the Insano-sales they have a rotating selection of daily deals. I like to buy stuff both for myself any my brother. Guess what happens when I try to make too many transactions in a nine day period (I think it was) to the same site? Visa and/or PNC (not sure which) say “HOLD ON there’s something fishy here. We’re going to block Valve from taking your money just in case!” And so I miss out on some deals. Missed the Telltale Monkey Island deal last summer for example, grrrrrrrrr.

    So yeah, I’m really digging the Steam Wallet. By removing the credit card company from the loop, I’ll be free to spend myself into total poverty this Christmas when Valve (probably) have the next insano-sale. Poor but happy, that’s my motto. (Currently have 413 games in my list, though technically about 20 of those are mods and non-Steam games)

  44. bleeters says:

    Seems to be just Valve doing what Valve do: trying out something fairly strange in order to gauge the response and how well it works.

  45. christianos says:

    Only reason I can think of for using it is getting some credit while the Aussie dollar is good.

  46. Javier-de-Ass says:

    I wouldn’t mind if they used this to allow selling games back to them at half the price or something (probably somewhat less than half would make more sense hehe), except you’re only paid back money for your game in valve wallet dollars, so have to feed that money right back into steam.

    Similarly I wish GamersGate would do the same thing with with their blue coins.

    My list of games on both of these services are way too long and there are quite a few titles I wouldn’t mind cleaning off those lists, at the same time it would be nice to be able to get something back with that ability to delete stuff from the account.

  47. Kazang says:

    I would imagine it would work well as a gift? Give someone some virtual wallet monies games?

  48. kwyjibo says:

    This is obvious.

    The wallet decreases Valve’s transaction costs because its a batch transaction. So when you buy you $1 DLC, Visa gets a significantly smaller cut.

    • Premium User Badge Carra says:

      Hadn’t thought about it this way but you’re right. This could lower the amount of transactions Valve needs to pay.

      Then again, maybe a kid gets $10 each week and puts it in his account. Only to buy a $50 game once a month. In this case you’ll end up with more transactions.

  49. Hobbes says:

    I’m pretty sure I can live without the interest on £20 for a month or so. By your logic, I’m being duped by not investing in high-yield bonds and instead keeping my money in the same boring old bank that I’ve always used, and letting them take the interest rate difference (since they’re not all that competitive). I mean, I can’t really see people lining up to take advantage of such a generous offer…

  50. Hobbes says:

    whoops, that was meant to be @jake, Fred, Berzee etc. Oh Reply Gods!, etc…

    • Berzee says:

      I did note the interest is “paltry” so I agree with you there. It’s more the liquidity I am thinking of. =) But…I don’t buy things so very often. If I had a monthly games budget that might give some sense to the wallet — but even then I think I’d rather keep my money where I can get at it for any purpose.