Something people actually should be outraged about

Something people actually should be outraged about (Full Version)

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DomKen -> Something people actually should be outraged about (6/17/2013 3:06:31 PM)
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?

LookieNoNookie -> RE: Something people actually should be outraged about (6/17/2013 5:02:34 PM)
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).

pahunkboy -> RE: Something people actually should be outraged about (6/17/2013 5:09:18 PM)
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?

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

freedomdwarf1 -> RE: Something people actually should be outraged about (6/17/2013 6:20:35 PM)
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!

kdsub -> RE: Something people actually should be outraged about (6/17/2013 6:25:07 PM)
lol... we agree Butch

TheHeretic -> RE: Something people actually should be outraged about (6/17/2013 7:27:18 PM)
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.

vincentML -> RE: Something people actually should be outraged about (6/17/2013 7:48:13 PM)
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.

vincentML -> RE: Something people actually should be outraged about (6/17/2013 7:50:11 PM)
Cash stores take a huge vig and folks who lack bank accounts have very little alternatives. Zero choices, I would think.

Real0ne -> RE: Something people actually should be outraged about (6/17/2013 8:05:51 PM)
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

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

TheHeretic -> RE: Something people actually should be outraged about (6/17/2013 8:34:13 PM)
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.

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

subrob1967 -> RE: Something people actually should be outraged about (6/17/2013 9:00:03 PM)
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?

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

xXsoumisXx -> RE: Something people actually should be outraged about (6/17/2013 9:09:59 PM)
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.

tazzygirl -> RE: Something people actually should be outraged about (6/17/2013 9:13:17 PM)
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.

Hillwilliam -> RE: Something people actually should be outraged about (6/17/2013 9:26:48 PM)
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?

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

tj444 -> RE: Something people actually should be outraged about (6/17/2013 9:53:15 PM)
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..

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