4 ms·
While I (sort of) understand someone in Leo's position having an aversion to walking in and opening a traditional bank account, in today's society we have very
by downandout 12y ago
While I (sort of) understand someone in Leo's position having an aversion to walking in and opening a traditional bank account, in today's society we have very good solutions for the 1 in 12 people in the US that are "unbanked". The guy holding his money could just buy him a reloadable prepaid Visa/Mastercard and load the money on there. No banks, social security cards etc. That way he isn't walking around with $10K cash, and he can go to an ATM at night when no one is around if he is afraid of people.
There may be issues I'm not aware of. Perhaps Leo is a former drug addict and doesn't trust that he can stay clean (or alive for that matter) if he has a sudden influx of cash. Even that could be dealt with though, as his benefactor could simply transfer money to the card in small increments. It just seems that there are easy solutions to whatever issues exist, and that they haven't been explored (based solely on the information in this article).