fiberguyMy views are my own.Premium
join:2005-05-20
kudos:3 | reply to Zoder
Re: Pay to Pay?!?!?! You're a bit off...
First off, I never said "all banks" have free checking.. I said that most all areas do... SOME bank if offering a free checking option. A lot don't care about balance either. And even if they do charge a monthly fee, it's about $7 or less.
Most people that are poor and don't have checking accounts is because they were poor... poor at managing them.. or, either screwed their banks by bouncing checks, over drawing, going hundreds in the negative and no longer deserve checking accounts. It's because they decided to live beyond their means and write checks that they couldn't handle...
If you want to know why check cashing places are there.. that's the reason.
I hate to say this too, but those people who screwed up that bad and have to use check cashing places were no angels to begin with and should be happy they at least have these options to them even at the cost.
Those that are irresponsible are part of the reason why fees to everyone else are so high.
And also.. money holds on deposits are the same no matter who you are. Most places/banks hold instate checks for 24 to 48 hours and out of state checks for up to 5 days. That has nothing to do with being poor.. or in poor neighborhoods.
I'd like to see a bank that has a policy based on your wealth vs state and federal banking laws.
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"Complaining is the least path of resistance for the self-serving, the lazy, and I’m told it’s a woman’s prerogative..." |
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Zoder
join:2002-04-16
Miami, FL | said by fiberguy:And also.. money holds on deposits are the same no matter who you are. Most places/banks hold instate checks for 24 to 48 hours and out of state checks for up to 5 days. That has nothing to do with being poor.. or in poor neighborhoods. I'd like to see a bank that has a policy based on your wealth vs state and federal banking laws. I might not have been very clear. What I meant was that people living paycheck to paycheck usually won't pay their bills until they receive their next paycheck. So they have a higher chance of having their checks bounce because of the hold. If they pay in cash then they avoid that problem.
Personally, I could care less if Comcast charges a convenience fee. It just always struck me as ironic that the people most impacted by this fee are the customers who could least afford it. |
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fiberguyMy views are my own.Premium
join:2005-05-20
kudos:3 | Well, the way you put it now is more respectable/understandable... however, if I can add to what you said "...the people most impacted by this fee are the customers who could least afford it." .. those are the same people that use more/cost these companies more money too. These are the people that use the more expensive routes to deal with a company and usually go past due, require collection actions, often require disconnects, generate more phone calls to said companies, and never pay anything close to the actual cost that it takes to deliver these resources.
Everyone else ends up paying the costs to handle this type of customer.
(FYI: back when I was doing in home services, I can tell you that a good portion of my routes were the cut off/restore game.. same people over and over and over.. it became a joke.)
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"Complaining is the least path of resistance for the self-serving, the lazy, and I’m told it’s a woman’s prerogative..." |
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