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Fees banks charge for cashing checks drawn on those very banks from non-customers.
This hasn’t been a matter directly affecting me in a few decades. These days I deposit checks in my accounts by taking photos of them on the banks’ apps. But the people waiting on line at the bank to turn that slip of paper into something they can actually spend are often in urgent need of those funds. They are often low-wage laborers and the like and don’t have bank accounts. For those people, the upwards of 10 bucks the banks charge those non-customers is a significant imposition.
Poverty doesn’t pay.
This hasn’t been a matter directly affecting me in a few decades. These days I deposit checks in my accounts by taking photos of them on the banks’ apps. But the people waiting on line at the bank to turn that slip of paper into something they can actually spend are often in urgent need of those funds. They are often low-wage laborers and the like and don’t have bank accounts. For those people, the upwards of 10 bucks the banks charge those non-customers is a significant imposition.
Poverty doesn’t pay.