Currently when I receive my paychecks they are drawn on an East Coast bank. Since I am unable to walk into the branch to cash my check I must: 1. Have a bank account that I can deposit into or cash check or 2. Take my check to a check cashing place and pay to receive my money.
Now. I have had quite a few instances like the gentlemen mentions where I deposited my check and (even though its the same check that I have been depositing for 3 years that I receive Friday afternoon or Saturday afternoon) I was only able to get $100 for that entire weekend.
How can it be fair to allow banks record profits from overdraft fees that are never truly overdraft more like short term loans with insane interest attached -simple timing issues that only benefit the bank. How can it be fair practice for the bank to loan me say $5 in some cases for what ends up costing me hundreds. If I didnt have a disabled husband and disabled 2 year old, I might have more time to take on this fight. So far I get so damn depressed about it that I dont do anything. It doesnt change the fact that it is WRONG! Its the poor people that live right at the line of what they make that are being punished. This is so freaking wrong. For you to say there is no case makes ME SICK! There is a case! Your just to stupid to see it!
Legislation needs to be written that forces employers to offer cash or cash equivalent if payroll isnt drawn on a local bank. Why couldnt employers issue debit cards that max out when the funds are gone? Why cant the bank cut off use of your debit card when the balance is depleted? Perhaps a warning message comes up for what price you will have to pay and you can agree or not to it. There is so much technology that is available to avoid RIPPING OFF THE POOR!!!
I have never bounced a check to my bank... NEVER and yet they rape me of hundreds and hundreds of dollars and I cant even choose to avoid them.
Oh there is a case I assure you. Even if we need to write new law. So it will be!
Lets get together people. Its all about numbers.
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