Working Poor

Erich Bloodaxe BSN

(14,733 posts)

4. "with many treating them like bank accounts and having their pay checks directly deposited"

Sun Oct 25, 2015, 09:51 AM

Oct 2015

Not quite - from what I understand, a number of employers have moved to paying employees in the form of pre-paid debits that rack up extra fees for those simply trying to get at their own money. So it's not quite a 'choice' on the part of the employees to 'treat the cards like bank accounts'. Just another rip-off orchestrated between employers and those who issue the 'pay cards'.

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19 replies

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(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