4 ms·

In Florida, if you go to any regional lottery office on payday, you will see people come in, cash their paycheck at the window, convert every dollar into scratc

by poink 4y ago

In Florida, if you go to any regional lottery office on payday, you will see people come in, cash their paycheck at the window, convert every dollar into scratch-off tickets, then see if they actually got paid that week. That's a government office doing that.

chrisweekly 4y ago
They say "the lottery is a tax on people who can't do math". I'd vote for using lottery revenue to fund public STEM education.
pleb_nz 4y ago
You're speaking figuratively right when you say paycheck. People in the US don't actually still get a physical paycheck right?
- zip1234 4y ago
  Some do. Plenty of people don't even have a bank account so they use a check cashing place.
  - effingwewt 4y ago
    Some places still actively refuse to allow DD. I once had an BoA, on two occasions in a row, hold my payroll checks. I had a BoA acct and so did my employer. For some reason I could cash my check, deposit the cash in my acct and have it be there immediately. But if I deposited the check it would be held. Come to find out my employer did this constantly, on purpose, to give themselves more time to pay workers. Owner lived on 5+ acres of prime land in Albuquerque, had another property in Santa Fe, and bled money and showed off with his company-name-painted year-of pace-car corvette... but pled poverty come payday. American employers are a different kind of sociopathic leech.
    - bawolff 4y ago
      This doesn't make sense. Admittedly im in canada, so maybe its different - but holds are to protect the bank not the person who wrote the cheque. There wouldn't really be a benefit to the cheque writer here.
      - effingwewt 4y ago
        It makes zero sense. This was mid 2000s as I was part of the BoA class action due to them holding transactions until you didn't have the funds to hit you with an overdraft fee. Again, had I cashed the checks, I would have been given my funds immediately and could have deposited them into my account and the funds were there instantly. But if I deposited the check it would be held for a week before being cleared. Usually when you have an account at the bank the check is drawn against you get the check deposited immediately as if it were cash. Somehow, or because my boss at the time was terrible with money, or because it was BoA, the checks would constantly be held- giving my employer time to make the check good, or whatever, then it would clear. This made me be paid a week late and gave him the few days to make good on the check. I've also had an employer who was so bad with checks no one would cash them, not even the bank, it had to be deposited, even though it was a payroll check. That was back when everyone used checks though. That was probably late 90s. The only time I had a good experience with a bank was at Chase, and only as a business customer. Had a geat relationship for years, then the minute I changed my account to a personal one everything turned sour. Banks here in the US are so terrible kids these days prefer online banks like chime and cashapp.
        gruez 4y ago
        What you described in your original comment has some truth to it, but I think you're overestimating the involvement BoA has. The relevant facts to this story are: 1. you can write a check without having the funds in the account[1] 2. banks places a hold on check deposits 3. you can cash a check at the issuing bank If you deposit the check into your account, it goes through the normal check deposit/clearing process, which involves a holding period. This applies to all check deposits. It's probably true that writing a check gives your boss a few extra days to come up with the cash, although realistically speaking that only gives you a day or two. I doubt he's conspiring with BoA to deprive you of your money. You brought up the BoA class action lawsuit to support your case, but that actually goes against your case. If your boss didn't have the money in the account, it would be in BoA's interest to process the checks as soon as possible so they can charge your boss overdraft fees. [1] https://en.wikipedia.org/wiki/Check_kiting https://en.wikipedia.org/wiki/Check_kiting
- OmahaBoy69 4y ago
  I've only witnessed it twice personally. One being a restaurant job I briefly worked and the other being a small shady interior design firm my buddy works for. I'm yet to hear of a larger corporation doing it though.
- paulcole 4y ago
  My friend’s dad has a check cashing business. He drives an armored van to the parking lot of a local chicken processing plant on payday and cashes physical checks for hundreds of people — usually those without any bank account.
  - djbusby 4y ago
    For those in SV: you can see this kind of thing in person in Salinas. 5% unbanked https://www.fdic.gov/analysis/household-survey/index.html https://www.fdic.gov/analysis/household-survey/index.html
- vavooom 4y ago
  Many smaller companies in rural communities that haven't migrated to a system like ADP still use physical paychecks and accounting ledgers. Think regional ambulance companies, small part manufacturers, etc.
- poink 4y ago
  People at the low end of the economic spectrum are typically unbanked in the US, so they get a paper check if they have a regular job with most companies. These most often are taken to check cashing places designed to prey on the poor, but all sorts of businesses do paycheck-related stuff as a promotion for that sort of clientele. I've seen grocery stores, BBQ joints, strip clubs, tire/wheel stores, gun stores, and too many others to list.
  - ifsothen 4y ago
    - poink 4y ago
      I was briefly unbanked. It was due to fraud that was not my fault. There are lots of other reasons to be unbanked that are not just "too lazy to sign up for bank account hurr durr".
      - ifsothen 4y ago
- paxys 4y ago
  People are paid in everything from cash to checks to pre-paid debit cards. Direct deposit is the dominant mechanism but has far from 100% usage.
- Balgair 4y ago
  Strange replies here. I get a paycheck and always have. I'm in the bio field now, but have been in DoD, academia, and more 'blue collar' jobs. If you'd like a paycheck you can just ask your employer. Most states have regulations that allow you to get a physical one. Personally, I like having the paystub to go over and find the mistakes that are commonly made. You'd be amazed at how 'accounting professionals' can mess up basic arithmetic
- deleted 4y ago
  [deleted]

by poink 4y ago

chrisweekly 4y ago

They say "the lottery is a tax on people who can't do math". I'd vote for using lottery revenue to fund public STEM education.

pleb_nz 4y ago

You're speaking figuratively right when you say paycheck. People in the US don't actually still get a physical paycheck right?

zip1234 4y ago
Some do. Plenty of people don't even have a bank account so they use a check cashing place.
- effingwewt 4y ago
  Some places still actively refuse to allow DD. I once had an BoA, on two occasions in a row, hold my payroll checks. I had a BoA acct and so did my employer. For some reason I could cash my check, deposit the cash in my acct and have it be there immediately. But if I deposited the check it would be held. Come to find out my employer did this constantly, on purpose, to give themselves more time to pay workers. Owner lived on 5+ acres of prime land in Albuquerque, had another property in Santa Fe, and bled money and showed off with his company-name-painted year-of pace-car corvette... but pled poverty come payday. American employers are a different kind of sociopathic leech.
  - bawolff 4y ago
    This doesn't make sense. Admittedly im in canada, so maybe its different - but holds are to protect the bank not the person who wrote the cheque. There wouldn't really be a benefit to the cheque writer here.
    - effingwewt 4y ago
      It makes zero sense. This was mid 2000s as I was part of the BoA class action due to them holding transactions until you didn't have the funds to hit you with an overdraft fee. Again, had I cashed the checks, I would have been given my funds immediately and could have deposited them into my account and the funds were there instantly. But if I deposited the check it would be held for a week before being cleared. Usually when you have an account at the bank the check is drawn against you get the check deposited immediately as if it were cash. Somehow, or because my boss at the time was terrible with money, or because it was BoA, the checks would constantly be held- giving my employer time to make the check good, or whatever, then it would clear. This made me be paid a week late and gave him the few days to make good on the check. I've also had an employer who was so bad with checks no one would cash them, not even the bank, it had to be deposited, even though it was a payroll check. That was back when everyone used checks though. That was probably late 90s. The only time I had a good experience with a bank was at Chase, and only as a business customer. Had a geat relationship for years, then the minute I changed my account to a personal one everything turned sour. Banks here in the US are so terrible kids these days prefer online banks like chime and cashapp.
      - gruez 4y ago
        What you described in your original comment has some truth to it, but I think you're overestimating the involvement BoA has. The relevant facts to this story are: 1. you can write a check without having the funds in the account[1] 2. banks places a hold on check deposits 3. you can cash a check at the issuing bank If you deposit the check into your account, it goes through the normal check deposit/clearing process, which involves a holding period. This applies to all check deposits. It's probably true that writing a check gives your boss a few extra days to come up with the cash, although realistically speaking that only gives you a day or two. I doubt he's conspiring with BoA to deprive you of your money. You brought up the BoA class action lawsuit to support your case, but that actually goes against your case. If your boss didn't have the money in the account, it would be in BoA's interest to process the checks as soon as possible so they can charge your boss overdraft fees. [1] https://en.wikipedia.org/wiki/Check_kiting https://en.wikipedia.org/wiki/Check_kiting
OmahaBoy69 4y ago
I've only witnessed it twice personally. One being a restaurant job I briefly worked and the other being a small shady interior design firm my buddy works for. I'm yet to hear of a larger corporation doing it though.
paulcole 4y ago
My friend’s dad has a check cashing business. He drives an armored van to the parking lot of a local chicken processing plant on payday and cashes physical checks for hundreds of people — usually those without any bank account.
- djbusby 4y ago
  For those in SV: you can see this kind of thing in person in Salinas. 5% unbanked https://www.fdic.gov/analysis/household-survey/index.html https://www.fdic.gov/analysis/household-survey/index.html
vavooom 4y ago
Many smaller companies in rural communities that haven't migrated to a system like ADP still use physical paychecks and accounting ledgers. Think regional ambulance companies, small part manufacturers, etc.
poink 4y ago
People at the low end of the economic spectrum are typically unbanked in the US, so they get a paper check if they have a regular job with most companies. These most often are taken to check cashing places designed to prey on the poor, but all sorts of businesses do paycheck-related stuff as a promotion for that sort of clientele. I've seen grocery stores, BBQ joints, strip clubs, tire/wheel stores, gun stores, and too many others to list.
- ifsothen 4y ago
  - poink 4y ago
    I was briefly unbanked. It was due to fraud that was not my fault. There are lots of other reasons to be unbanked that are not just "too lazy to sign up for bank account hurr durr".
    - ifsothen 4y ago
paxys 4y ago
People are paid in everything from cash to checks to pre-paid debit cards. Direct deposit is the dominant mechanism but has far from 100% usage.
Balgair 4y ago
Strange replies here. I get a paycheck and always have. I'm in the bio field now, but have been in DoD, academia, and more 'blue collar' jobs. If you'd like a paycheck you can just ask your employer. Most states have regulations that allow you to get a physical one. Personally, I like having the paystub to go over and find the mistakes that are commonly made. You'd be amazed at how 'accounting professionals' can mess up basic arithmetic
deleted 4y ago
[deleted]