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How is it possible to be unbanked in America in 2018? There are dozens of options for an account with ACH and a Visa/MC debit card, before even touching credit.
by closeparen 8y ago
How is it possible to be unbanked in America in 2018? There are dozens of options for an account with ACH and a Visa/MC debit card, before even touching credit. From the big 4 banks’ traditional products, to neighborhood credit unions, to websites like Ally and Simple, to apps like Chase Liquid and Amex Serve. Meanwhile even shitty minimum-wage jobs are with bureaucratic corporations that would never dream of paying employees in literal cash.
- craftyguy 8y agoBest Buy, at least until 2006, paid employees with a check if they didn't set up direct deposit. Then you could get that check cashed anywhere (e.g. some grocery stores).
- dickeytk 8y agoIt's not so easy if you're on ChexSystems—among other things.
- closeparen 8y agoSure you won't get a full fledged checkwriting account, but would that really stop you from getting a debit card with direct deposit?
- dickeytk 8y agoit's been a long time, but I speak from experience. Made a few mistakes, overdrew a checking account (by like $50), and I had a tough time getting back on my feet. Nobody would give me a bank account of any kind. I cashed my checks into cash at walmart. Perhaps there are better solutions out there now, but at the time I was lucky to discover US Bank didn't look into chexsystems so eventually was able to get an account with them.