Cost of living without a bank
The fees can be as high as $9.00 to cash a payroll check, $1.50 for a money order. A dollar or more everytime you swipe that prepaid cash card card adds up. Just think of all the money you could have saved but just opening up a bank account.
It can also be an issue of relationship. You can't establish any relationship with the corner cash check store but you can with a bank. Some banks requires a balance of $100.00 for a no fee account. At any rate it's a lot better having a bank account than to resort to using a check cashing place as your bank.
It can also be an issue of relationship. You can't establish any relationship with the corner cash check store but you can with a bank. Some banks requires a balance of $100.00 for a no fee account. At any rate it's a lot better having a bank account than to resort to using a check cashing place as your bank.
For the most part I have direct deposit for any funds I receive but the other day I had rec'd a check from my siter for my birthday. I went to the bank that it was drwan on to cash it. Well, I got a shocker, they wanted to pay $7.00 to cash a check drawn on their bank because I didn't have an account there. I said, thanks, but no thanks. I just went to my bank and did the transaction, no fee involved.