The Real Reason The Poor Go Without Bank Accounts

Re:The Real Reason The Poor Go Without Bank Accounts by dalke on Sunday September 22, 2013 @09:54AM (#6426669)

The people we are talking about use cash, but need a service to turn checks into cash.

You propose what you think should be a better solution. This history so far shows that your solution is not clearly better. Just this month "The Consumer Financial Protection Bureau issued a bulletin warning employers against using only so-called payroll cards to pay workers." ... "Complaints received included fees for withdrawing cash and checking card balances. Critics say payroll cards with high fees mean that some workers are essentially making less than minimum wage." -- http://www.usatoday.com/story/money/business/2013/09/13/agen...

Yes, there can be a time where that's a better solution than a check.

However, we are not yet at that time, so it's not a rational choice NOW.

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Re:The Real Reason The Poor Go Without Bank Accounts by waps on Monday September 23, 2013 @02:21AM (#6429410)

Well obviously spending the money should be free, as should checking the balance. Why can't we just legislate that that exists ?

Prepaid cards, fee-free for the user. Seems like a basic necessity for an economy to work smoothly.

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