Let the transparency begin, albeit a little late.
The Ventra website just posted a page with details on its fees. Check it out.
Here are some highlights, or lowlights, depending on your perspective.
Ventra transit card
- $5 – Transit account dormancy fee: If a rider goes 18 consecutive months without using their Ventra Transit Account, there will be a $5.00 dormancy fee deducted from any stored transit value each month. Just one transit ride will reset the dormancy time frame. Riders will not be charged if there is no transit value in the account.
- 50 cents – Limited use media fee: To offset production costs, a Limited Use Media Fee will be included in the purchase price of disposable Limited Use Tickets. The Limited Use Media Fee will not apply to tickets issued at O’Hare and 1-day passes from vending machines. Note: no mention of the 25 cent transfer fee tacked on, whether you need one or not.
Prepaid debit card fees
- Up to $4.95 – Adding fund: Load Cash at Participating Reload Agent Locations (this fee may vary by reload network agent). Note: OK, thi sone I don’t understand. I assume they mean if you don’t use a Ventra machine to load your debit card?
- $1.50 – Domestic ATM withdrawals.
- $2 – Bank Teller Over-the Counter Cash Withdrawal
- $2 -Monthly Maintenance Fee (only applies after 18 consecutive months of no load activity). Note: Better keep using that debit card.
- $6 – Request balance refund check
CTA President Forrest Claypool noted on WTTW’s Chicago Tonight Tuesday that the CTA would earn about $500,000 on fees from the Ventra card.
All I have to say is: Caveat emptor. And consider NOT using the debit portion of the Ventra card.
(A big shout-out to CTA Tattler reader VernaB, who first brought this new Web page to our attention.)