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Working Poor

Erich Bloodaxe BSN

(14,733 posts)

8. It is cheaper for the employer.

Reply to w0nderer (Reply #7)

Sun Oct 25, 2015, 12:14 PM

Oct 2015

Which is why they'd rather do it. They get great rates from the people who run the debit card setup, but then the poor people using the cards get hit up for fees even for simply withdrawing their money from the card.

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Highlight:

(US money blog): RushCard disruption reveals why prepaid debit cards should not exist at all [View all] unhappycamper Oct 2015 OP

Banks are competing Turbineguy Oct 2015 #1

everytime i read an article like this w0nderer Oct 2015 #2

Bring back Postal Banking. Downwinder Oct 2015 #3

Yes, this. k&r, nt appal_jack Oct 2015 #5

what was postal banking? w0nderer Oct 2015 #6

Follow the OP link and read the whole Guardian article. Downwinder Oct 2015 #13

i did read it, i wanted more info n/t w0nderer Oct 2015 #14

The Post Office Should Just Become a Bank Downwinder Oct 2015 #15

"with many treating them like bank accounts and having their pay checks directly deposited" Erich Bloodaxe BSN Oct 2015 #4

dunno bout US w0nderer Oct 2015 #7

It is cheaper for the employer. Erich Bloodaxe BSN Oct 2015 #8

Right w0nderer Oct 2015 #9

I wouldn't be surprised on the kickbacks either. Erich Bloodaxe BSN Oct 2015 #10

wait you believe w0nderer Oct 2015 #11

I believe that the vast majority of folks work for themselves first, their friends and family second Erich Bloodaxe BSN Oct 2015 #12

Does it cost more than $8? FrodosPet Nov 2015 #16

some banks w0nderer Nov 2015 #17

Poor often don't have direct deposit as an option Travis_0004 Dec 2015 #18

very true w0nderer Dec 2015 #19