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Reply #36: A SAD STORY - The Powers that Be that offer these things to us [View All]

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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-04-09 02:44 PM
Response to Reply #8
36. A SAD STORY - The Powers that Be that offer these things to us
Edited on Fri Sep-04-09 02:45 PM by truedelphi
Keep saying that these things are the same as cash transactions. They are not!

Case in point: After one of the worst economic years of my life, M. and I realized we had 75 bucks on our debit card with which to have Thanksgiving. Since we weren't able due to illness to celebrate the holidays the year before, we were jubilant. Turkey with the trimmings, ice cream and pumpkin pie. And enough, surely, to have a friend come to dinner.

Then we stopped and bought twelve dollars worth of gas with the debit card. This triggered, without any warning, a fifty dollar "HOLD" on our funds. So we now had $ 75 minus twelve, minus fifty on our debit card.

My solution NOW is to cash all checks at the local Paycheck cashing service. And keep the cash in my sock drawer. I know how much money I have, and as yet the government hasn't figured out a way to let any of the Powers that Be put a hold on cash. At the check cashing place I pay three per cent, but I don't have to worry that I have some invisible entity "HOLDING" on to more of my money.

Also imagine if I had written several small checks before stopping for gas. The HOLD would have made my account a negative account, and the twelve spent at the gas station might have then ended up incurring several $ 23 insufficient check fees!

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  -Yet another way to screw workers: Wal-Mart introduces "payroll cards" Wednesdays  Sep-04-09 12:40 PM   #0 
  - "I owe my check to the company store"  wtbymark   Sep-04-09 12:43 PM   #1 
  - You read my mind.  GreenPartyVoter   Sep-04-09 12:50 PM   #16 
  - "Saint Peter don't you call me 'cause I can't go--I owe my soul to the Company store"  Hekate   Sep-04-09 01:03 PM   #23 
  - when I was thirteen  backwoodsbob   Sep-04-09 04:28 PM   #45 
  - beat me to it  niyad   Sep-04-09 01:40 PM   #29 
  - Yup.  proteus_lives   Sep-04-09 04:20 PM   #44 
  - Beat me too  TheCentepedeShoes   Sep-04-09 05:59 PM   #48 
  - Now if there was only some way to make them spend it at the company store...  Deep13   Sep-04-09 12:43 PM   #2 
  - Easy...just issue their paychecks on Wal-Mart gift cards.  Wednesdays   Sep-04-09 12:45 PM   #7 
     - Don't give them any ideas  varelse   Sep-04-09 07:33 PM   #55 
        - As if they didn't think of that already. n/t  FormerDittoHead   Sep-05-09 10:55 AM   #79 
  - I can see why some workers might prefer this option.  undeterred   Sep-04-09 12:43 PM   #3 
  - Only the stupid ones - or those that have no other choice.  baldguy   Sep-04-09 07:05 PM   #53 
     - Judge other people much?  undeterred   Sep-04-09 09:18 PM   #59 
     - It's an observation, not a judgment.  baldguy   Sep-04-09 09:28 PM   #62 
        - I observe a lot of stupid bald guys.  undeterred   Sep-04-09 10:14 PM   #64 
           - Is it interesting that you seem to have loads of compassion  baldguy   Sep-04-09 10:39 PM   #66 
              - I believe that people should have a choice  undeterred   Sep-04-09 11:26 PM   #72 
     - A lot of lower income people don't have/can't get bank accounts.  LeftyMom   Sep-04-09 10:46 PM   #67 
  - I wish those stores would spontaneously combust while the stores were closed of course. Nt  Ilsa   Sep-04-09 12:44 PM   # 
  - K-Mart used to pay in cash  lilymidnite   Sep-04-09 12:44 PM   #4 
  - I remember that very well, since I worked for  liberalhistorian   Sep-04-09 01:33 PM   #28 
  - So did Kress. I worked there for awhile when I was in high school -- old-fashioned cash envelopes.  Hekate   Sep-04-09 05:47 PM   #47 
  - Did Walmart ever open its own bank?  WeDidIt   Sep-04-09 12:44 PM   #5 
  - Yes, they did! There are Arvest banks in almost every Wal-Mart around here  Wednesdays   Sep-04-09 12:46 PM   #11 
     - Well, if WallyWorld has their own bank , then why not just set up w/direct deposit for all employees  Sebastian Doyle   Sep-04-09 12:54 PM   #17 
     - So I guess Arvest is the one who will collect the fees for the payroll cards  WeDidIt   Sep-04-09 12:56 PM   #19 
        - i'd guess this ties into their long-range strategy, part of which appears to be to  Hannah Bell   Sep-05-09 02:14 PM   #83 
  - Marriott has already done that.  bigendian   Sep-04-09 12:44 PM   #6 
  - switching all employees to direct deposit if they have bank accounts,  Matariki   Sep-04-09 12:45 PM   #8 
  - Federal Government has had MANDATORY direct deposit for many years  ProgressiveProfessor   Sep-04-09 01:06 PM   #25 
  - A SAD STORY - The Powers that Be that offer these things to us  truedelphi   Sep-04-09 02:44 PM   #36 
  - That's a good solution  footinmouth   Sep-04-09 06:04 PM   #49 
  - A lot of low wage workers don't have bank accounts  rox63   Sep-04-09 12:45 PM   #9 
  - I think this makes perfect sense.  LiberalAndProud   Sep-04-09 12:46 PM   #10 
  - Pls read my reply in response number 36  truedelphi   Sep-04-09 02:54 PM   #39 
  - That's what cash-over transactions are for.  strategery blunder   Sep-04-09 12:47 PM   #12 
  - What checking accounts pay interest for low-wage...  TreasonousBastard   Sep-04-09 12:48 PM   #13 
  - checking interest these days is 0.3500%..and there are minimum balance requirements  SoCalDem   Sep-04-09 02:51 PM   #38 
  - It would be interesting to know what percentage of Walmart employees use Amscot and similar  imdjh   Sep-04-09 12:49 PM   #14 
  - I'd guess it's mainly an option for those who don't have checking accounts for direct deposit  gmoney   Sep-04-09 01:00 PM   #20 
  - I get my unemployment this way (nt)  The Straight Story   Sep-04-09 12:49 PM   #15 
  - Many states do offer that. But they also offer direct deposit  Berry Cool   Sep-04-09 01:51 PM   #30 
  - I also resent this pre-loaded cards being given to those collecting child support and government  sinkingfeeling   Sep-04-09 12:56 PM   #18 
  - The money is for the child AND the mother who parents said child.  BlueIris   Sep-04-09 08:16 PM   #56 
  - Presumably the rent for the house your child lives in and payment, gas, insurance and upkeep  LeftyMom   Sep-04-09 10:57 PM   #71 
  - This isn't new. Back in the sixties one of my employers forced us to open  Cleita   Sep-04-09 01:00 PM   #21 
  - Way to go, corporate America.  Greyskye   Sep-04-09 01:01 PM   #22 
  - The OP is somewhat disengenuous  ProgressiveProfessor   Sep-04-09 01:05 PM   #24 
  - Informed choice?  Wednesdays   Sep-04-09 01:14 PM   #26 
  - Agreed. The Employee Has the Option to Set Up a Bank Account and Get Direct Deposit.  Toasterlad   Sep-04-09 01:29 PM   #27 
  - As long as they still have the option of direct deposit, I don't see what the issue is.  Berry Cool   Sep-04-09 01:52 PM   #31 
  - The issue, as I see it, is this  SoCalDem   Sep-04-09 02:45 PM   #37 
  - Low income employees may not have a choice. They may have  truedelphi   Sep-04-09 02:57 PM   #41 
  - Most of these cards allow for a 1 time free withdrawal.  ipaint   Sep-04-09 02:28 PM   #32 
  - Nothing really wrong with this  no limit   Sep-04-09 02:28 PM   #33 
  - Deleted message  Name removed   Sep-04-09 08:18 PM   #57 
     - Instead of going all Glenn Beck and accusing people of being closet freepers, why don't you...  Joe the Revelator   Sep-04-09 08:23 PM   #58 
  - Lowe's does this. n/t  Horse with no Name   Sep-04-09 02:32 PM   #34 
  - They offer direct deposit also  reflection   Sep-04-09 02:33 PM   #35 
  - Much ado about nothing  etherealtruth   Sep-04-09 09:23 PM   #60 
  - Meijer's did/does this. I worked there over 5 years ago and they did it then.  madmom   Sep-04-09 02:56 PM   #40 
  - Checks are on the way out  FarCenter   Sep-04-09 03:46 PM   #42 
  - WTF?! Since when did Walmart start issuing it's own currency?!  earth mom   Sep-04-09 04:12 PM   #43 
  - This is not new. One of the first part time jobs I had after retiring from  Obamanaut   Sep-04-09 04:36 PM   #46 
  - The only question I have is, what took them so long?  jmowreader   Sep-04-09 06:34 PM   #50 
  - They're not the first  buzzycrumbhunger   Sep-04-09 06:42 PM   #51 
  - it's just like the miners working for the company store...  spanone   Sep-04-09 06:47 PM   #52 
  - Yes it is.  ipaint   Sep-04-09 07:28 PM   #54 
  - Epic fail...  ProgressiveProfessor   Sep-04-09 09:28 PM   #63 
     - For low paid workers private employers can't be trusted.  ipaint   Sep-05-09 07:55 AM   #73 
        - Workers can be cheated if they are paid via check, cash, or EFT  ProgressiveProfessor   Sep-05-09 09:34 AM   #75 
           - The pitfalls of payroll cards for the low paid certainly is the subject  ipaint   Sep-05-09 09:55 AM   #77 
  - No its not, its one option for electronic funds transfer and nothing more  ProgressiveProfessor   Sep-04-09 09:25 PM   #61 
  - If they just gave out checks,  scrinmaster   Sep-04-09 10:18 PM   #65 
  - old news - and it's actually a good thing.  SmileyRose   Sep-04-09 10:47 PM   #68 
  - n/t  Hugin   Sep-04-09 10:50 PM   #70 
  - Questions for Employees to Ask About Payroll Cards  ipaint   Sep-05-09 08:17 AM   #74 
  - I've got to hand it to Wal-Mart... Choosing a sphincter as their logo was a stroke of genius.  Hugin   Sep-04-09 10:48 PM   #69 
  - Walmart needs to be investigated by the Dept of Labor for this.  alarimer   Sep-05-09 09:43 AM   #76 
  - Did you read the article or understand the other posts?  ProgressiveProfessor   Sep-05-09 10:52 AM   #78 
  - Visa Payroll  TwixVoy   Sep-05-09 11:31 AM   #80 
  - Actually sounds like a good idea.  Balbus   Sep-05-09 11:38 AM   #81 
  - OK, I hate WalMart as much as any red-blooded member of the "radical left"  varelse   Sep-05-09 02:10 PM   #82 
  - Poor people without checking accounts can save money. Many school districts  xultar   Sep-05-09 02:29 PM   #84 
  - This reminds me of a job had many years ago  PatSeg   Sep-05-09 02:43 PM   #85 

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