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I've often thought about just setting up a table in front of a check cashing store and offering to cash checks for free with my mobile banking app. I HATE how e
by 1-more 5y ago
I've often thought about just setting up a table in front of a check cashing store and offering to cash checks for free with my mobile banking app. I HATE how expensive it is to be poor. Yeah I'd end up ripped off at some point but whatever.
- gruez 5y ago>I've often thought about just setting up a table in front of a check cashing store and offering to cash checks for free with my mobile banking app can you deposit other people's checks?
- sct202 5y agoPeople can endorse the check over to you on the back, but most banks won't accept it on mobile. And then if you want to deposit it in person at the bank, they may require everyone involved to be present because there is the risk of fraud. Last year someone stole a check from my mail, forged the signature and endorsed it to themselves and it got cashed successfully.
- deleted 5y ago[deleted]
- 1-more 5y agonever tried with an endorsed-to-me check since that has never happened in my life. Would be fun to try. Or a huge hassle.
- generalizations 5y ago> Yeah I'd end up ripped off at some point but whatever. I mean, that's why cashing checks has a fee attached, to cover that risk.
- 1-more 5y agoyep. Covers a bunch of other stuff too but it does cover that risk.
- kova12 5y agoyou will get ripped off before the sun goes down. there is a reason why these places charge such crazy fees. writing a bad check is as simple as it gets and poor neighborhoods are full of desperate people.