October, 2010:

Time Out is Coming to Boston!

Hi ONEin3!

Time Out is coming to Boston this fall and we feel that it’s always nice to introduce yourself when you show up somewhere. Of course, while the brand is taking its first steps inside city limits (with the exception of a couple of travel guides), all our staffers are Bostonians through and through. Maybe you’ve seen us tapping away at laptops at your neighborhood coffee shop.

All of this laptop tapping will soon yield a new TimeOutBoston.com, with a scheduled launch on November 22nd. We’ll provide daily updates on where to go and what to do, including where to see the best live music, sip the quirkiest cocktails, take in the most interesting art and more. We’ll show you the best ways to spend your free time and money, on everything from great sales and the best galleries to tours of under-discovered enclaves.

Since we can’t wait to get the good stuff out there, we’ve been creating weekly newsletters full of our favorite upcoming events. This weekend’s got a whole lot of spooky going on, so we’ve dedicated our Tumblr page to all things Halloween. See the rest of our picks below, and sign up for our newsletter for even more. (Be sure to follow us on Facebook and Twitter, too!)

Jessie Rogers, Editor of Time Out Boston


Creative Capital - The Design Museum IN City Hall

Earlier this week I walked in the Congress Street entrance to City Hall and it was the same old gloomy concrete fortress I remembered from last week. However, by the time I got off the elevator on 9, my perspective changed completely.

I walked out of the elevator right onto WELCOME mats!

It may not look like much, but it's the little things sometimes.

I mean, City Hall ain’t the most welcoming place I’ve ever been to and it can be a slog just to walk in the building for work every day, so this was quite a surprise.

Well, come to find out, The Design Museum Boston put them there as part of an exhibit in the 9th floor hallway called Creative Capital, which highlights the importance of design in every day life and Boston’s long and storied history in the design world.

The exhibit is open to the public, so you’re all invited to come up to the 9th floor to say hello to ONEin3 HQ and learn about design.

Also, on November 5th, the Boston Redevelopment Authority and The Design Museum Boston will be doing a presentation on the project from 1:00-2:00pm.

We want to see you all there!

Date: Friday, November 5th

Time: 1:00-2:00pm

Location: Boston Redevelopment Authority Board Room, Room 900, 9th Floor, Boston City Hall

More Info on the Project


Five Ways to Avoid ATM Fees

photo:  DucDigital 

Have you been dinged with an ATM fee recently? You’re certainly not alone. According to the 2010 Checking Study, released by Bankrate.com this week, bank fees have risen to record numbers.

Since 2009, ATM fees have increased by 5%, to an average $2.33 (an all-time high). And if you’ve ever used an out-of-network ATM, you know first-hand that you typically end up paying double: the ATM’s fee, and then one from your bank. Those fees have also increased, by 7%, to $1.41.

Overdraft fees have increased to a new record of $30.47, while monthly fees for not maintaining a minimum balance on non-interest checking accounts now average $2.49, while those for interest-bearing checking accounts average $13.04.

That enough numbers for you? There’s more: The number of banks and thrifts that offer free checking accounts with no minimum balance requirements is down to 65% of institutions, from 76% last year. And those minimum balances required to avoid monthly charges are up 34%, from an average $185.75 to $249.50. The average minimum balance requirement for interest checking accounts, meanwhile, jumped 15%, from $3,372 to $3,883.

The study also indicated the average fees associated with using and maintaining interest bearing accounts. These fees included bounced check fees, ATM surcharges, and monthly service fees with overdraft fees increasing three percent to a new record of $30.47.

In all, if they’re not careful, consumers could be spending a hefty $620 annually on checking account fees, according to Greg McBride, a senior financial analyst at Bankrate.com.

Why are fees on the rise? Most likely, banks are feeling the pressure of federal regulation that earlier this year changed the overdraft protection game, making it harder - if not impossible - to charge overdraft fees for consumers who have not actively opted into the bank’s overdraft program. Since overdraft fees had been a source of high revenue to banks, banks are trying to resort to other sources of income and are passing fees onto customers in numerous other ways.

However, these fees are avoidable. You can stay ahead of the game by following these tips.

1. Confine your ATM withdrawals to your own bank’s ATM network. If you need cash, get to an “in-network” or bank ATM. Otherwise you’ll be charged two fees: one from the ATM and one from your bank.

2. Plan ahead. If you’re planning to travel, check on your bank’s branch and/ or ATM availability at your destination. If no ATMs are available, load up on cash so that you’re not forced to use another bank’s ATM. Or follow our next tip…

3. Get cash back at the point-of-sale when using a debit card. Go to a grocery store, drug store or any other retailer that would give you cash back. Buy a small snack if you don’t need to buy anything else.

4. Choose a bank that reimburses ATM fees. Some banks, particularly online-only ones, actually reimburse a certain number of ATM fees charged by other banks’ ATMs. 

5. Bank online. As we mentioned, online banks are more likely to reimburse ATM fees than their brick-and-mortar competitors. And in general, online banks charge fewer fees, simply because they have lower overhead costs. They also offer free ATM access through networks such as Allpoint. If you have an ING Direct checking account, for example, you get free access to the network’s 35,000 ATMs throughout the country. (The bank even has an iPhone app that locates the nearest free ATMs in your area.)



The Founder Institute - Accepting Application for Winter 2010

The Founder Institute is a four month apprenticeship for entrepreneurs. They are awesome and we’re psyched that they came to Boston for the first time last year.

Well, the time has come for their second session and, people, what’s the downside to applying? I mean, they’re going to give you lessons galore, hook you up with mentors and all around help you launch your company into its next phase.

So get on it.