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RE: Advocates push for the U.S. Postal Service to offer... - 1/3/2016 11:52:24 AM   
DesideriScuri


Posts: 12225
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quote:

ORIGINAL: servantforuse
I also think this is a terrible idea. The article fails to mention the cost to expand banking at the USPS. Hiring additional employees and revamping offices in thousands of buildings will cost way more than any new revenue that might be brought in.


No, no, no! This is an amazing idea! You know what would be more popular than the bank's teller drive-thru? A postal worker coming to you to take care of your banking. That's right! You could do your banking right at your mailbox without having to actually drive to a bank, post office, etc.!! Awesome!




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(in reply to servantforuse)
Profile   Post #: 21
RE: Advocates push for the U.S. Postal Service to offer... - 1/3/2016 1:37:18 PM   
tj444


Posts: 7574
Joined: 3/7/2010
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quote:

ORIGINAL: ifmaz


quote:

ORIGINAL: Termyn8or

"Why should the taxpayers, by way of the government, pick up the tab for someone who cannot/does not/will not balance their budget/checkbook?"

Hold the fuck on here. For a TWO DOLLAR overdraft they SHOULD HAVE DECLINED they collect over $200 in fees.

You think that is OK ?

T^T


If one has "overdraft protection" they authorize the bank to cover charges that exceed their available balance. Without overdraft protection these charges would be declined. Overdraft protection is essentially a short-term loan based solely on signature. If one charges more than their available balance, assuming the charges are not fraudulent (in which case the bank would waive NSF fees), by definition they are not balancing their budget or checkbook. Thus, your friends made a decision to authorize the bank to account for their inability to balance their budget. I would hope your friends learned from this and have since declined overdraft protection on their accounts.

Before "overdraft protection" I believe this was called "floating a check". Most states have civil and criminal penalties for writing bad checks.


yes, (some? all?) banks will pay a check or debit purchase at a store even if you dont have the money in the account, they dont do it outta the goodness of their hearts (when have banks ever done that???), they do it to generate as much money as possible and they arrange the checks/debits in such a way that they maximize the charges and profit to them.. I know that 3 banks I have had accounts at do this.. to get them to stop you have to actually tell them you dont want that "service" and sign a f'n form that says you decline it, even then, some banks will still go ahead and pay some transactions (such as automatic payments, etc) & charge you for it.. Its a rip off and its not something allowed in the banking laws in my country (unless you signed up for overdraft protection which requires a credit check, etc), but it is here in the US..

eta- I never use checks so everything is on my debit card, if i dont have money in the account the transaction is declined (since I decline the rip off "service" the bank "offers") and I dont get charged with check fraud.. I just either dont buy their shite or i find a different way to pay for it.. And imo that is the way it should be for everyone.. but then if it was those greedy banks wouldnt make nearly as much money as they do..

< Message edited by tj444 -- 1/3/2016 1:51:58 PM >


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(in reply to ifmaz)
Profile   Post #: 22
RE: Advocates push for the U.S. Postal Service to offer... - 1/3/2016 2:52:39 PM   
ifmaz


Posts: 844
Joined: 7/22/2015
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quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: servantforuse
I also think this is a terrible idea. The article fails to mention the cost to expand banking at the USPS. Hiring additional employees and revamping offices in thousands of buildings will cost way more than any new revenue that might be brought in.


No, no, no! This is an amazing idea! You know what would be more popular than the bank's teller drive-thru? A postal worker coming to you to take care of your banking. That's right! You could do your banking right at your mailbox without having to actually drive to a bank, post office, etc.!! Awesome!





And so very secure! Why, if this worked, we would have no reason for encryption because the last remaining use case for encryption (banking) would be handled in person courtesy of the USPS!

(in reply to DesideriScuri)
Profile   Post #: 23
RE: Advocates push for the U.S. Postal Service to offer... - 1/4/2016 2:10:42 PM   
MercTech


Posts: 3706
Joined: 7/4/2006
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Hmmm, the "Postal Savings" thing I remember from the 1960s was related to Savings Bonds. You could drop in your dimes and pennies and when you had saved enough; you got a savings bond mailed to you. My Grandmother got me started with putting change in the postal savings after buying stamps or posting a package.

(in reply to ifmaz)
Profile   Post #: 24
RE: Advocates push for the U.S. Postal Service to offer... - 1/4/2016 4:49:52 PM   
Termyn8or


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Joined: 11/12/2005
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Well, if the post office doesn't do then someone should. Some friends of mine almost started a bank. They had an extremely smart lawyer and a big settlement for capitalisation. There is a shitload of regulations concerning this, to the point where they decided to go into real estate instead.

Whether the post office or a private entity, totally (LOW) fee based. Likely operating inside another's brick and mortar. No loans. No investments. No accounts. Just a money exchange.

These fuckers, some of them charge you $5 to check your balance ! And if your balance goes below a certain point they charge you so many fees they just end up with all your money, at just the right time too. Sure you can get direct deposit and take it all out at once (well not all the time because of a maximum limit on withdrawals) but pay exhorbitant fees for that.

See, I just talked to my business associates for whom I work. A little less than I would like to make but C A S H. They tell me the work is going to last. They tell me they need me in there. They got the money and just bought half of a quite substantial company so I do not have to worry about their cash bouncing. In the meantime I remain uncollectable.

If they start this go on the books shit, I am going to tell them it will cost them somewhere between double and triple what they pay me now. See, I do not pussyfoot around. this government steals, and has stolen from me and my family. I am indigent. My next car is going to be a mint 1970 Olds Toronado. Look it up.

But what I want to say now, that all that prefaced, is that if we do not stand together we shall fall apart. Let me give a couple of examples. I think people should not be homosexual. I think they should at least try not to be, but oh well. I will support their right to do whatever the fuck they want because it doesn't hurt anyone.. Now I want them to hep with the pot laws, to get them so lax that the prices go down, not even legal because the fucking government will tax it to the point where it costs MORE. We know them people.

I want them to support me in my persuit of happiness so I am obligated to help them in theirs.

The banks are what ruined this country. They absolutely and deliberately caused the crash in 1929, and they did the same thing in 2008. We all got poorer, except for a few people. the banks benefitted from their own failure, with one taking the TARP money to buy out their competitor. What does that tell you ?

I would like to get disability and work as well. I could get it on psyche but I do not want to lose my gun rights. I know what to tell them, and actually might be able to finesse it just right so I might still get a CCW if I decide to. So right now, stealing back THAT money is not on the table. but I would, and will help anyone get as much as they can. After what I have seen with the military budget and how we got ripped off, I have no shame about it. Fuck them. all this money spent, and those boatanchors can't even beat our own 30 year old planes, which BTW could not beat the MIGs anyway. At least not all the time. With the money they stole from us those F-16s should have been fucking invincible, but they were nowhere near it. This will become apparent when they attack Iran after the next election.

But the fact is they stole that money from us to give to their friends who are already filthy rich. There is no fucking argument. They think all this spending gives us superiority ? Let me give you an example. There is an old table radio in a garage sale for a dollar. I offer ten dollars. Does that make it a better radio ? And it is true we got more, it is just that it is not better.

And we get ripped off on healthcare. I hope you all have a way out of that fucking nightmare. But remember, if you don't own property don't worry about it. And then you have to file this one form stating that paying the ACA based premiums would put an undue hardship on you, the IRS will waive the fine. Then you use the ER as primary care just like before. If you do not qualify as an indigent or for medicwhatever, just get used to not using credit cards if you get sick.

But I digress. (bloody well right I guess) Bottom line is the banks have too much power, and while I generally am against the government expanding into anytihng, there is a need for people who have been fucked over by the banks. Why can't someone's account just be froze until they bring itn the two fucking bucks ? don't they make enough off of ATM fees, and charging five bucks to just check your balance ? What is more, ATM fees are a ripoff. I want to go into the bank and TAKE THE TIME OF ONE OF THEIR EMPLOYEES. the ATM avoids that cost for them, they should pay us to use them. At least during the day. Actually, I refuse to use self serve checkouts for about the same reason. Unless you give me a discount for that, PAY someone to do it. you aren't paying me, you are making money off of me. Fuck you. Pay the broad (or the dude) and pay their matching SS and their healthcare and their UI and workman's comp too. If you want me to do their job, pay me. Pay me in the form of a rebate on my purchases or whatever, OK, but I am not letting you goniffs just take that extra money for nothing.

I was born in the morning, but not this morning.

The same with banks.

Do you have any idea, back when I was REALLY working for under the table, just how much money I had in my safe ? The banks never saw a dime of it. All they saw is what I deposited to write checks. and now they do not even see that. Postal money orders are dirt cheap, and verifiable much more easily than a cashiers check or a money order from a store or bank. And you used to be able to cash them at the post office with proper ID. No account. I want that.

I just want the other things as well. to protect people fro the banks. This is one of the legitimate duties of government and they are not doing it. Instead they are selling fucking carbon credits and droning Muslims to keep a ice fresh crop of enemies going.

T^T

(in reply to MercTech)
Profile   Post #: 25
RE: Advocates push for the U.S. Postal Service to offer... - 1/4/2016 4:55:54 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline
Oh. MercT, that was not directed at you it was directed at all.

T^T

(in reply to Termyn8or)
Profile   Post #: 26
RE: Advocates push for the U.S. Postal Service to offer... - 1/4/2016 5:15:56 PM   
MercTech


Posts: 3706
Joined: 7/4/2006
Status: offline
This thread got me thinking of the Post Office in many countries overseas.
In many countries you go to the post office to:
Cash a traveler's check.
Convert currency
Get cash from an out-country debit or credit card (ATM machines very often will not work with a card from a country other than the one you are in.)
Make an out country phone call. (pay the teller for the time when done without the service charge from hotels or have to have TONS of change)

(in reply to Termyn8or)
Profile   Post #: 27
RE: Advocates push for the U.S. Postal Service to offer... - 1/4/2016 7:14:55 PM   
ifmaz


Posts: 844
Joined: 7/22/2015
Status: offline

quote:

ORIGINAL: Termyn8or

...
Whether the post office or a private entity, totally (LOW) fee based. Likely operating inside another's brick and mortar. No loans. No investments. No accounts. Just a money exchange.


There are already check cashing companies that do not require accounts.

quote:

ORIGINAL: Termyn8or
These fuckers, some of them charge you $5 to check your balance ! And if your balance goes below a certain point they charge you so many fees they just end up with all your money, at just the right time too. Sure you can get direct deposit and take it all out at once (well not all the time because of a maximum limit on withdrawals) but pay exhorbitant fees for that.
...
But I digress. (bloody well right I guess) Bottom line is the banks have too much power, and while I generally am against the government expanding into anytihng, there is a need for people who have been fucked over by the banks. Why can't someone's account just be froze until they bring itn the two fucking bucks ? don't they make enough off of ATM fees, and charging five bucks to just check your balance ? What is more, ATM fees are a ripoff. I want to go into the bank and TAKE THE TIME OF ONE OF THEIR EMPLOYEES. the ATM avoids that cost for them, they should pay us to use them. At least during the day.
...


You need to investigate credit unions. Banks are for-profit financial institutions, credit unions are not. Traditionally, credit unions have lower costs/fees and are very membership-focused.

(in reply to Termyn8or)
Profile   Post #: 28
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