Depends on where you are and what bank I guess, but I'm in the US and it absolutely is free where I bank.
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New York City votes to ban cashless businesses in step against discrimination
- Thread starter Slayven
- Start date
Depends on where you are and what bank I guess, but I'm in the US and it absolutely is free where I bank.
You talk ask if your solutions are always feasible without risking their business. It's easy to say that when you're only issuing the risk instead of taking it on. I'm not entirely against the idea of the bill, but people really are ignoring the genuine need to not take cash in some cases. I think the bill shouldn't apply to very small businesses. It's common to allow less strict rules on smaller businesses.
Tie it to the inevitable Universal Income, Universal (single-payer) healthcare, social security income, education payments and supplies, etc...
No-cash businesses effectively blocking out the poor and disenfranchised is what motivated the city council bill in the first place. It's real and goes beyond a fear of tech.
The reason a lot of people cash their paychecks instead of depositing them in a bank account is
1/ they may not have a bank account; they may not be able to open one.
2/ they live so tightly paycheck-to-paycheck, they may not be able to wait for the bank to clear their check. they may want to eat dinner that night.
That people actually get paid with an actual cheque is ridiculous too, why is the whole American payment/banking system so backwards?
In the US, unless you have direct deposit or opened an account during a limited time promotion, banks charge a monthly fee.
I can see the appeal of going cashless, less chance of getting robbed. Best just to have both, but if it is discrimination can we do the same for cash only? It would be nice if there was a national cashless option that didn't charge stores interest. That way it wouldn't be a problem anymore.
This is 100% true. I couldn't even get most of my bosses to do direct deposit because it was "Too much work, why do payroll when I can just write a check?" or "Sorry, we lost your voided check and paperwork lmao."
so for the longest time it was "Wait three days for my check to clear after depositing it in my bank account that I pay for," or "eat the 12 dollar fee the bank charges for cashing it." Rent was due. No time to wait.
This is surprising to me. My work has pressured everyone into getting direct deposit because they didn't want to write a bunch of checks every month.
That is a bunch of bunk. I have my own business and will only pay my employees through direct deposit through ADP. It is very simple and costs me less than a buck per instance. Your boss is just plain lazy.
Yeah, but don't tell him he's lazy, or you get fired.
Complain, you might get fired. Ask too many questions, you might get fired.
That job is all you have. It took you months to get it after the last one fired you for getting the flu and you refused to handle peoples' food like that. You don't have any savings.
From pay cards instead of checks or direct deposit to personal checks from a payroll account, to "I'll pay you some now and the rest tomorrow," this is what it's like to actually be poor.
And don't forget, "Surprise, you're technically self-employed contractor even though I told you you weren't, make sure to pay your taxes you can't afford to pay."
Good. I have known people with awful credit that couldn't get a new account opened anywhere. Places going cashless would have fucked them so bad. As much as I love being cashless personally, stuff like that will need to be addressed.
Sounds like a shitty place to work. I'm not going to give you advice you probably don't want, but I personally wouldn't put up with a person like that.
My work does pay cards or direct deposit as your only choices. No one wants to deal with the awful pay cars, so everyone got direct deposit. Though direct deposit is very convenient anyway.
Oh no, I'm in a real job now that pays by check, pay card, or direct deposit, and set up my direct deposit easily enough this time, but that was a stretch of ten years where everything I did or didn't do cost money and time I didn't have.
So yeah, it does very much affect things.
Now I'm more worried about places not accepting cards, but there isn't a 20 cents + 3% fee on cash, so it's understandable.
Bank accounts force you to enter a contract with a private entity so I'm more than fine with this.
Any self-checkout line I've seen accepts cash too. I mean, it's technology that's been around for quite awhile with vending machines. It's not some exotic new concept for there to be even an automated cash option.
Wait... Huh? Am I the only one who's poor, hates cash and has a free checking/savings account?
My impression was that most banks have free checking/savings accounts now
Huh..I know they aren't new, but the new aspect I have been noticing is that most of them are debit/credit with only 1-2 offering cash.
Banking is free in the UK for everyone.
Except the homeless because they need an address - the one thing that needs fixed.
Yes plenty of national brick and mortar banks offer free checking. But only if you direct deposit, keep a certain minimum balance, go paperless for statements, etc.
There are truly free online banking options. But there are still barriers to access for online banking for a number of reasons.
I get why people would rather not use cash, I barely do anymore. But to outright want it halted everywhere is weird. Less choice as a consumer is not a good thing just because you don't use that method yourself.
Cash is expensive to accept.
Bouncing checks?
ohhhhh. I don't really use checks, so I didn't think of that at all.
Cash? Checks? Sounds bizarre to me. I haven't seen a check in at least a decade.
Ban cashless, but also ban cardless.
Ban cashless, but also ban cardless.
It's obvious from this thread who's never been in poverty.
The reason businesses want to go cashless has nothing to do with "getting robbed." It's because handling money requires labor and the owners don't want to pay for that labor (even with automated systems, someone has to collect & restock them).
The exclusion of the poor is also intentional, especially in gentrifying neighborhoods.
This is both warranted and necessary legislation.
The reason businesses want to go cashless has nothing to do with "getting robbed." It's because handling money requires labor and the owners don't want to pay for that labor (even with automated systems, someone has to collect & restock them).
The exclusion of the poor is also intentional, especially in gentrifying neighborhoods.
This is both warranted and necessary legislation.
Cash should always be an option.
To those with the galaxy-brain response of "checking accounts are free" they also tend to require at least two forms of ID to open. For someone homeless who doesn't have immediate access to a birth certificate, Social Security Card, or any other form of ID, this isn't just as easy as walking into a Wells Fargo and asking to open an account for a debit card.
To those with the galaxy-brain response of "checking accounts are free" they also tend to require at least two forms of ID to open. For someone homeless who doesn't have immediate access to a birth certificate, Social Security Card, or any other form of ID, this isn't just as easy as walking into a Wells Fargo and asking to open an account for a debit card.
It's fucking amazing how fast mis information gets out... Pro-tip most Americans don't know anything about how things work around the country.
And boy do they accept cash just suck it right up so much better than soda machines.
This. There's a burger place next to my school that's actually really good, but is cash only, and they have an ATM inside that charges a crazy fee. Fuck that. I avoid the place.
yes they do. if you have below a certain amount they charge you a monthly fee.
my broke ass gets charged 11 bucks a month unless i have 500 dollars in my account.
Yeah. It really pisses me off that they cry about how much money credit card companies take from them which forces them to be cash only, then they turn around and rob their customers by jacking up the transaction fee in their ATM.
Mike Bloomberg should give every NYC resident a bank card and give them a monthly stipend. Call it Bloombux.
Start our own UBI.
Start our own UBI.
CC fees are under 2%, lol.
is this about crypto?
Good....sometimes debit cards get Funky, hell even accounts get funky.
I had to cancel a whole bank account once and make a new one (after having them give me several new cards ) it's like my account had some weird bug in the system they couldn't fix that would always decline my cards. So I was forced to use cash for weeks. (Was able to use my card no problem online or at gas stations though) but if I tried to swipe or insert chip. Always denied. So yeah....cash will always be useful and should never be denied. Stores are ridiculous
I had to cancel a whole bank account once and make a new one (after having them give me several new cards ) it's like my account had some weird bug in the system they couldn't fix that would always decline my cards. So I was forced to use cash for weeks. (Was able to use my card no problem online or at gas stations though) but if I tried to swipe or insert chip. Always denied. So yeah....cash will always be useful and should never be denied. Stores are ridiculous
Good move.
Cash only is fine. As a business, if I don't want to deal with fraud, charge backs, fees or shit just not working, it's my right to avoid it. Don't like it, shop somewhere else. Personally, I wouldn't operate that way, but if people want to, so be it.
However, if I ever start a dollar slice joint or dollar grilled cheese truck, you're goddamn right I'm only accepting cash. I ain't got time for you to fumble around with you fucking NFC bullshit and credit card that won't swipe. You gimme a dollar, you get a slice or a sandwich. Don't ask for change or anything else.
Cash only is fine. As a business, if I don't want to deal with fraud, charge backs, fees or shit just not working, it's my right to avoid it. Don't like it, shop somewhere else. Personally, I wouldn't operate that way, but if people want to, so be it.
However, if I ever start a dollar slice joint or dollar grilled cheese truck, you're goddamn right I'm only accepting cash. I ain't got time for you to fumble around with you fucking NFC bullshit and credit card that won't swipe. You gimme a dollar, you get a slice or a sandwich. Don't ask for change or anything else.
