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Doesnt this $2.45 left over money make the bookkeeping more complicated for them? Because in theory someone could come back after a couple of years and refill h
by Schweigi 12y ago
Doesnt this $2.45 left over money make the bookkeeping more complicated for them? Because in theory someone could come back after a couple of years and refill his card so its not possible to book those $2.45 as profit.
- yincrash 12y agoMetroCards expire about two years after the date of sale. The balance from an expired card is still transferable (but rarely is ever transferred) for 2 more years after expiration. After that, it's fare :) game for the MTA. http://www.nytimes.com/2014/01/17/nyregion/unspent-metrocard-money-means-millions-for-mta.html http://www.nytimes.com/2014/01/17/nyregion/unspent-metrocard...
- Sanddancer 12y agoTheoretically, yes, but most people don't. Most big transit agencies with passes like this have calculated unused values from transit cards as part of their budgets.
- simias 12y agoWith big enough numbers (and I assume there are a lot of these cards in circulation) it shouldn't be hard to make statistics and know exactly what percentage is never going to be claimed again. That's the same tactic used by banks at a different scale, if everybody attempted to claim all the money in their accounts (during a bank run for instance) the whole thing would collapse, but they know it's not normally likely to happen so they keep only a fraction of the total savings available at any time.