Today's "Let's See How We Can Fuck Over the American Worker" Thread

[merithyn]

No, Meri.  I did not realize that.  Probably because it's not true.

You're wrong. I was turned down repeatedly for accounts shortly after my divorce due to credit issues. In fact, I was turned down by CitiBank for a savings account due to "credit concerns."

There are banks that are considered "second chance" banks that will open a limited account for you if you have poor credit. However, a lot of stores won't allow you to use their debit cards or checks for purchases due to "credit concerns". Your only option is to withdraw cash or get money orders.

[derspiess]

No, Meri.  I did not realize that.  Probably because it's not true.

You're wrong. I was turned down repeatedly for accounts shortly after my divorce due to credit issues. In fact, I was turned down by CitiBank for a savings account due to "credit concerns."

There are banks that are considered "second chance" banks that will open a limited account for you if you have poor credit. However, a lot of stores won't allow you to use their debit cards or checks for purchases due to "credit concerns". Your only option is to withdraw cash or get money orders.

I'm not saying banks never do that.  I'm just saying it's not true that "most banks" do it.  Most banks I deal with don't even do a credit check before they issue a debit card.

[merithyn]

I'm not saying banks never do that.  I'm just saying it's not true that "most banks" do it.  Most banks I deal with don't even do a credit check before they issue a debit card.

Then you're lucky. Around here, that's not the case. EVERY bank does a credit check for EVERY account they open.

[CountDeMoney]

I'm not saying banks never do that.  I'm just saying it's not true that "most banks" do it.  Most banks I deal with don't even do a credit check before they issue a debit card.

Then you're lucky. Around here, that's not the case. EVERY bank does a credit check for EVERY account they open.

derweiß only deals with Krugerands.

[derspiess]

I'm not saying banks never do that.  I'm just saying it's not true that "most banks" do it.  Most banks I deal with don't even do a credit check before they issue a debit card.

Then you're lucky. Around here, that's not the case. EVERY bank does a credit check for EVERY account they open.

FWIW, I meant "deal with" as in are my customers. 

Hint: Go to a smaller, community-type bank or credit union.  I'd say most of them don't like the expense and/or hassle of doing a credit check just to open an account.  Some of them may disclose that they may do it, but in reality do not.

[Ed Anger]

I'm not saying banks never do that.  I'm just saying it's not true that "most banks" do it.  Most banks I deal with don't even do a credit check before they issue a debit card.

Then you're lucky. Around here, that's not the case. EVERY bank does a credit check for EVERY account they open.

FWIW, I meant "deal with" as in are my customers. 

Hint: Go to a smaller, community-type bank or credit union.  I'd say most of them don't like the expense and/or hassle of doing a credit check just to open an account.  Some of them may disclose that they may do it, but in reality do not.

I don't know if they spread Meri's way, but Hunington bank is fairly decent.

I'm still a Chase man though. 

[garbon]

I'm still a Chase man though. 

[Ed Anger]

Haven't annoyed me yet. Unlike 5/3rd, US Bank, and Wright Patt Credit Union.

[Siege]

Today's "Let's call boneheads who are too lazy or stupid to sign up for direct deposit victims of the greatest crime since slavery" thread.

Didn't think you were in the Nanny State camp, what with telling people how and what to do with their money.  That's so not Romnyi of you.

direct deposit.
also, if you have a checking account on a bank, that does not charge you for using the stupid card.

so this thread is an storm in a glass of water. nothing to see here.

[garbon]

Today's "Let's call boneheads who are too lazy or stupid to sign up for direct deposit victims of the greatest crime since slavery" thread.

Didn't think you were in the Nanny State camp, what with telling people how and what to do with their money.  That's so not Romnyi of you.

direct deposit.
also, if you have a checking account on a bank, that does not charge you for using the stupid card.

so this thread is an storm in a glass of water. nothing to see here.

Yes it is clear that you didn't read anything in this thread.

[merithyn]

Hint: Go to a smaller, community-type bank or credit union.  I'd say most of them don't like the expense and/or hassle of doing a credit check just to open an account.  Some of them may disclose that they may do it, but in reality do not.

I have an account now, thanks, but I think you're missing the point.

The comment was that people without checking accounts are stoopid. My point was that getting a checking account is a privilege, not a right, and not a privilege given to many with credit issues, ie The Poors. So, for those, even if they have a choice between the payment card or direct deposit, they don't really have a choice.

In other words, banks are making money off of those least able to afford it.

*sniffs* Makes me proud to be an American. *sniffs*

[garbon]

That's confusing. There's a City National Bank that opened up near my work in Manhattan. Apparently though, there are two banks called City National Bank - one based in LA and one based in Newark. Doesn't seem ideal for customers.

[Berkut]

Banks are making money off people?

Teh horror!

They should have to carefully evaluate the income of their customers, compare it to their number of children and average cost of living for the location, and then determine on a sliding scale how much they are allowed to make off their customers.

This definitely needs more government intervention. They should make sure banks cannot make any money off of offering these cards, and instead people should simply only be allowed direct deposit, in order to protect them from choosing a different option that might actually be better for them.

This might be in the top ten of dumbest articles ever posted on Languish.

[Berkut]

So, for those, even if they have a choice between the payment card or direct deposit, they don't really have a choice.

In other words, banks are making money off of those least able to afford it.

I know, wouldn't it be so much better for them if the completely optional cards that they do not have to choose simply were not available at all?

Then they would be forced to use direct deposit, which apparently is completely impossible for Poor People (although I was poor once and I always had a bank account...but never mind that), so they would be forced to what, work for free because there is no way to pay them?

Or would this then go back to paper checks...which they would likely have to pay a fee to cash? Or take to the issuing bank, which poor people may not have a car to be able to get to?

What is the superior alternative to this travesty of injustice Seedy has been so kind to bring to our awareness?

[merithyn]

I'm not blaming the banks - except that I think that their relentless charges are obnoxious. I'm blaming the employers who don't give the employees other options, many of whom don't. Then, of course, there is the issue with those who can't get back accounts due to poor credit not having a choice even if the employers did give them one.

Personally, I think it's a shitty situation for those least able to afford it. *shrugs*