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Something people actually should be outraged about - 6/17/2013 3:06:31 PM

DomKen

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From: Chicago, IL
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Apparently it is a growing trend that low age employers are paying their employees not by check or direct deposit but by fee heavy debit cards.
http://www.timesleader.com/article/20130614/news/306149722

First banks made it hard to open an account, I was once asked to show 2 credit cards to open an account, then they said either keep a large minimum deposit or use direct deposit or pay a large fee. Now they are scamming the least able to resist by pushing these cards on them.

How are you going to feel when your employer starts paying you with a prepaid debit card?

Post #: 1

RE: Something people actually should be outraged about - 6/17/2013 5:02:34 PM

LookieNoNookie

Posts: 12216
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quote:

ORIGINAL: DomKen

Apparently it is a growing trend that low age employers are paying their employees not by check or direct deposit but by fee heavy debit cards.
http://www.timesleader.com/article/20130614/news/306149722

First banks made it hard to open an account, I was once asked to show 2 credit cards to open an account, then they said either keep a large minimum deposit or use direct deposit or pay a large fee. Now they are scamming the least able to resist by pushing these cards on them.

How are you going to feel when your employer starts paying you with a prepaid debit card?

I would have no choice but to kill him Ken.

(However, I think neither of these possibilities are likely....for 99.99999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999% of the general population....you can relax).

(in reply to DomKen)

Post #: 2

RE: Something people actually should be outraged about - 6/17/2013 5:09:18 PM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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Would you conclude the chase conspired to arrange this set up?

Would you conclude that centralized power/decision making was a wonderful thing- in this happenstance?

(in reply to LookieNoNookie)

Post #: 3

RE: Something people actually should be outraged about - 6/17/2013 5:42:21 PM

kdsub

Posts: 12180
Joined: 8/16/2007
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Damn now that is outrageous...Now I do know people that cannot open a bank account for one reason or another that would like this system but it should be a choice not a mandate. I hope they get burned and will be interested in the outcome if you see it.

Butch

_____________________________

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I don't see any use in having a uniform and arbitrary way of spelling words. We might as well make all clothes alike and cook all dishes alike. Sameness is tiresome; variety is pleasing

(in reply to DomKen)

Post #: 4

RE: Something people actually should be outraged about - 6/17/2013 6:20:35 PM

freedomdwarf1

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Joined: 10/23/2012
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quote:

ORIGINAL: kdsub

Damn now that is outrageous...Now I do know people that cannot open a bank account for one reason or another that would like this system but it should be a choice not a mandate. I hope they get burned and will be interested in the outcome if you see it.

Butch

Sadly, our banks are much the same.
If you can prove you don't need a bank account or a credit card, they throw them at you.

I'd love to see all them bankers all hung by the bollox from the highest yard-arm.
And no friggin golden handshake of millions and a fat pension to retire on!

(in reply to kdsub)

Post #: 5

RE: Something people actually should be outraged about - 6/17/2013 6:25:07 PM

kdsub

Posts: 12180
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lol... we agree

Butch

_____________________________

Mark Twain:

I don't see any use in having a uniform and arbitrary way of spelling words. We might as well make all clothes alike and cook all dishes alike. Sameness is tiresome; variety is pleasing

(in reply to freedomdwarf1)

Post #: 6

RE: Something people actually should be outraged about - 6/17/2013 7:27:18 PM

TheHeretic

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Joined: 3/25/2007
From: California, USA
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FR

Total fucking bullshit. The story I saw today said there is an effort to turn this into a class action. I hope they do.

Of course, checking accounts have fees too, and check cashing storefronts get their cut, but with those, you can at least pick your poison, or find an alternate means.

_____________________________

If you lose one sense, your other senses are enhanced.
That's why people with no sense of humor have such an inflated sense of self-importance.

(in reply to kdsub)

Post #: 7

RE: Something people actually should be outraged about - 6/17/2013 7:48:13 PM

vincentML

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Joined: 10/31/2009
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quote:

ORIGINAL: pahunkboy

Would you conclude the chase conspired to arrange this set up?

Would you conclude that centralized power/decision making was a wonderful thing- in this happenstance?

Chase is in the business of making profits off credit/debit cards and other loan instruments. Capitalists in a loosely regulated market. That's what Capitalists do. Don't understand your brief with Chase.

(in reply to pahunkboy)

Post #: 8

RE: Something people actually should be outraged about - 6/17/2013 7:50:11 PM

vincentML

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Cash stores take a huge vig and folks who lack bank accounts have very little alternatives. Zero choices, I would think.

(in reply to TheHeretic)

Post #: 9

RE: Something people actually should be outraged about - 6/17/2013 8:05:51 PM

Real0ne

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Joined: 10/25/2004
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quote:

ORIGINAL: TheHeretic

FR

Total fucking bullshit. The story I saw today said there is an effort to turn this into a class action. I hope they do.

Of course, checking accounts have fees too, and check cashing storefronts get their cut, but with those, you can at least pick your poison, or find an alternate means.

there is no alternative means they have the monopoly wrapped up, unless you want to trade a cup of beans for a bag of rice

shines a whole new light on ron paul! LMAO

< Message edited by Real0ne -- 6/17/2013 8:06:47 PM >

_____________________________

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Yesterdays tinfoil is today's reality!

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(in reply to TheHeretic)

Post #: 10

RE: Something people actually should be outraged about - 6/17/2013 8:15:55 PM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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quote:

ORIGINAL: Real0ne

quote:

ORIGINAL: TheHeretic

FR

Total fucking bullshit. The story I saw today said there is an effort to turn this into a class action. I hope they do.

Of course, checking accounts have fees too, and check cashing storefronts get their cut, but with those, you can at least pick your poison, or find an alternate means.

there is no alternative means they have the monopoly wrapped up, unless you want to trade a cup of beans for a bag of rice

shines a whole new light on ron paul! LMAO

Go back to sleep. Dincha hear- it is better to blame the other party- then to comprehend monetary policy- HA

(in reply to Real0ne)

Post #: 11

RE: Something people actually should be outraged about - 6/17/2013 8:34:13 PM

TheHeretic

Posts: 19100
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From: California, USA
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quote:

ORIGINAL: vincentML

Cash stores take a huge vig and folks who lack bank accounts have very little alternatives. Zero choices, I would think.

Zero choices? What a stunningly ignorant assertion.

The easy alternative is having a friend or family member with an account cash the paycheck for you. I was doing that for a nephew just a few months ago, when he started his first job. Easier still to make a purchase you would make anyway at store that will cash it. I know landlords who will happily cash paychecks, to make sure they get the rent on time.

If the debit card fees amount to less than checking account charges ($17.95 a month at my bank, for people without access to free accounts), or to what the storefront is going to take, then it might well be the best option, but it shouldn't be the only one.

_____________________________

If you lose one sense, your other senses are enhanced.
That's why people with no sense of humor have such an inflated sense of self-importance.

(in reply to vincentML)

Post #: 12

RE: Something people actually should be outraged about - 6/17/2013 8:38:19 PM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline

Thats odd- there are no min- no fees checking at the credit union, in a town of 10,000 that I can walk to. My credit is even bad!!

In my case a debit card fees are ALWAYS higher then the credit union fees

(in reply to TheHeretic)

Post #: 13

RE: Something people actually should be outraged about - 6/17/2013 9:00:03 PM

subrob1967

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Aren't Unemployment cards issued through Chase, and have the same fees?

If so why is it OK for the government to screw over the people, and not the employers?

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(in reply to pahunkboy)

Post #: 14

RE: Something people actually should be outraged about - 6/17/2013 9:06:24 PM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline

quote:

ORIGINAL: subrob1967

Aren't Unemployment cards issued through Chase, and have the same fees?

If so why is it OK for the government to screw over the people, and not the employers?

quote:

Unemployment cards issued through Chase

https://www.google.com/search?q=Unemployment+cards+issued+through+Chase&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a&channel=rcs

yes

(in reply to subrob1967)

Post #: 15

RE: Something people actually should be outraged about - 6/17/2013 9:09:59 PM

xXsoumisXx

Posts: 339
Joined: 7/26/2009
From: USA
Status: offline

My daughter gets paid on a card from McDonald's . It's a problem. Sometimes it randomly declines at a register, then she has to go get cash out of an atm , being charged by the card and whoever owns the atm.

Now I have her withdraw most of the money and put it in her bank account, so she can use her regular debit card attached to her free account. That way she only has one fee for the cash withdrawal.

You can get paid by deposit into a checking account once you are a store manager and above. She is a shift manager.

I really hate this system, and can't wait until she's done with school and can leave.

(in reply to DomKen)

Post #: 16

RE: Something people actually should be outraged about - 6/17/2013 9:13:17 PM

tazzygirl

Posts: 37833
Joined: 10/12/2007
Status: offline

quote:

ORIGINAL: subrob1967

Aren't Unemployment cards issued through Chase, and have the same fees?

If so why is it OK for the government to screw over the people, and not the employers?

quote:

Unemployment cards issued through Chase

Cash withdrawals from Chase ATMs are always free. Fees may apply to the other ATMs, so review the list of fees below. To find a Chase ATM, visit www.chase.com.

You can use your card to pay any company, utility or person in the U.S. that accepts Visa, with no Chase Bank transaction fees.

Free services include:

Purchases at all Visa retail locations worldwide
Unlimited cash withdrawals at Chase ATMs
Unlimited cash withdrawals at Allpoint ATMs, if your card begins with 430326
Unlimited cash withdrawals at MoneyPass ATMs, if your card begins with 483324
No bank fees at out-of-network ATMs
Surcharges (fee from the ATM owner) may apply
Cash-back options where available
Account balance review
At all Chase ATMs
On the Chase Bank web site at UCARD Center

http://www.twc.state.tx.us/ui/bnfts/receiving-benefit-payments-debit-card.html

According to the complaint filed, the JP Morgan Chase payroll card lists several fees, including a $1.50 charge for ATM withdrawals, $5 for over-the-counter cash withdrawals, $1 per balance inquiry, 75 cents per online bill payment and $15 for lost/stolen card.

http://www.timesleader.com/article/20130614/news/306149722

I would say there are huge differences.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to subrob1967)

Post #: 17

RE: Something people actually should be outraged about - 6/17/2013 9:26:48 PM

Hillwilliam

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Joined: 8/27/2008
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quote:

ORIGINAL: subrob1967

Aren't Unemployment cards issued through Chase, and have the same fees?

If so why is it OK for the government to screw over the people, and not the employers?

Why should people who actually work for a fucking living have more hoops to jump thru and expenses than those who don't?

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to subrob1967)

Post #: 18

RE: Something people actually should be outraged about - 6/17/2013 9:47:48 PM

tazzygirl

Posts: 37833
Joined: 10/12/2007
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All men, women and minors employed within Pennsylvania (by an employer) are protected by the Wage Payment and Collection Law (Act No. 329 of July 14, 1961).

Regular Payday

The Act provides that every employer shall pay all wages, other than fringe benefits and wage supplements, due his/her employees on regularly scheduled paydays designated in advance by the employer. He/she shall pay in cash or by bank check. The employer must notiiy each employee at the time of hiring of the following: (1) time and place of payment; (2) rate of pay; and (3) amount of any fringe benefits or wage supplements to be paid to the employee, a third party, or a fund for the benefit of the employee.

The waiting time between the end of a pay period and payday must not exceed: (a) the time specified in a written contract between employer and employee, or (b) the standard time lapse customary in the trade, or (c) 15 days.

Payment for overtime must be included with wages for the next following pay period.

http://www.portal.state.pa.us/portal/server.pt?open=514&objID=553525&mode=2

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to Hillwilliam)

Post #: 19

RE: Something people actually should be outraged about - 6/17/2013 9:53:15 PM

tj444

Posts: 7574
Joined: 3/7/2010
Status: offline

quote:

ORIGINAL: DomKen

Apparently it is a growing trend

Here (Houston, TX) I read that now Section 8 are getting debit cards instead of checks in the mail.. I am not sure what that does, I guess it would save on mailing costs and its automated so takes less employees to manage, and the section 8 person gets it right away so the rent can be paid on time.. I have no personal experience with this so not sure if its a good thing or not.. it does sound like it makes sense in this instance..

for the person/employer that hires temp/casual or illegal workers, having a debit card with a certain amount on it would give them proof (when it was purchased) of the cost of the work for tax deduction purposes, more than giving someone cash does..

_____________________________

As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

(in reply to DomKen)

Post #: 20

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