Do Not Auto-Replenish Your EZ-Pass
Recorded on January 11th, 2017
We’ve been EZ-Pass users for years. It is indeed great, the ability to slip past all those other people waiting in the Full Service or Exact Change lines. I wouldn’t go back to the old way. But I’m a Luddite about how we pay for it. I used to do the auto-replenish option, where they charge you when your account gets below a certain “threshold”. That threshold — being in the $20 range — has less to do with how much buffer is good for you, and way more to do with how large of an interest-free loan they want to keep floating from you.
I turned off auto-replenish a couple of years ago. It’s more of a pain, because you have to manually pay every time you run out of money, but the secret is that you can go all the way down to $0.00 with no consequences. I get an email as soon as we deplete our account, and we are even usually a few cents negative, but they’ll cover you for at least one or two transactions. All you have to do when you get home is sign into your account and pay up, and you can pick whatever amount you want. I do $25, because I want them to keep as small an amount of our money as possible, without being unduly inconvenient for us.