Congrats on the dumbest response so far. Its absolutely not free to keep a bank account
Depends on where you are and what bank I guess, but I'm in the US and it absolutely is free where I bank.
Congrats on the dumbest response so far. Its absolutely not free to keep a bank account
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.Use your cash to hire security?
I'm arguing that going cashless is to the absolute detriment of consumers. Pure and simple.
A business generally has far more of an ability to plan for outliers such as burglary of said cash than consumers (especially those that are struggling financially) have to go cashless.
We not supposed to use cash cause someone might steal it? Get some insurance. Hire security. Utilize best practices for storing and moving large amounts of cash. Businesses have been doing this forever and I see no reason to screw over poor folks that might not have a bank account for that reason.
And some checking accts run credit checks and will deny you. Any legal tender should be accepted
They aren't doing it because they care about poor people, they are doing it because they have fears about technology and trying to justify it after the fact. Did any one of them stop and think that person making minimum wage is also losing an extra 2%-5% off the top because they are cashing their paycheck at a counter at the grocery store? They don't care that bank accounts improve financial outcomes and are foundational to any sort of finance. This was never about helping people. They'd rather treat banking as an intractable problem so they can keep their unhygienic paper currency they've always known. Secure and easy access to one's own financial assets should be treated as a human rights issue, if people are moving on that's a sign to move the bottom line on what's acceptable.
That people actually get paid with an actual cheque is ridiculous too, why is the whole American payment/banking system so backwards?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.
In the US, unless you have direct deposit or opened an account during a limited time promotion, banks charge a monthly fee.No they don't. I don't agree that "bank accounts are free" is a good response, mind you, but free checking is a major feature of many national banks.
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."In the US, unless you have direct deposit or opened an account during a limited time promotion, banks charge a monthly fee.
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.
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.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.
Yeah, but don't tell him he's lazy, or you get fired.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.
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.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.
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.Couldn't you also say businesses have the right not to pay the costs caused by having to deal with cash?
Don't see a big deal of it being banned though I guess. Not using cash is getting more common and I think eventually there will just be a reduction in the terminals that accept cash, which will could still make it a pain to use it. At the grocery store near me I think the majority of the self checkouts are debit/credit only, but they also have regular lines.
Wait... Huh? Am I the only one who's poor, hates cash and has a free checking/savings account?https://www.theguardian.com/us-news/2020/jan/24/new-york-city-ban-cashless-businesses-discrimination
Good, folks need to realize people can be too poor to be able to afford to bank.
It's a pretty dumb post in all locations, don't be sorry.Sorry, I assumed banking of all things wasn't completely ass backwards in the US.
I've found that a lot of people are incapable of understanding what it's like to be poor. It's unfortunately been more obvious than ever lately.
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.
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.looking around at some fine print, checking accounts are usually free IF you have a direct deposit linked of a certain amount every month
aka not free for people without a steady income
Cash is expensive to accept.The thing that boggles my mind is, these businesses are getting less money because of transaction fees. So it must really be in their best interest to give up money to not have to deal with large amounts of cash every day?
What's the rationale for denying a checking/savings account because of less-than-great credit? Anyone know?
ohhhhh. I don't really use checks, so I didn't think of that at all.
Current accounts have a fee in the US? Of fucking course they do... my word. Only premium current accounts have a cost here.
And boy do they accept cash just suck it right up so much better than soda machines.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.
This is a great step forward.
Now ban cash only places as well.
A large portion of them have ATMs in the restaurant with inflated transaction fees, some as high as $8. It is a total racket.
yes they do. if you have below a certain amount they charge you a monthly fee.No they don't. I don't agree that "bank accounts are free" is a good response, mind you, but free checking is a major feature of many national banks.
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.
Businesses have the right to not pay the ~5% credit card fees if they want. Pay with cash for local business, they'll thank you.
The retail industry wanted a 0% digital system but consumers rejected it because it wasn't backed by big tech. Maybe someday people will realize diversity is a virtue.
How the fuck is anybody using cheques?
Last time I personally saw one it was 2003.