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View Diary: Chase has taken their next move, into your paycheck (265 comments)

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  •  I've used PayChekPlus and it can be done for free (1+ / 0-)
    Recommended by:
    deep info

    Users can transfer up to $1000 per pay period to their own bank account for free, and there are redeemable checks that can be authorized for any amount, and cashed at one of their "financial partners," although I was never able to determine precisely what fees might apply there, or who would charge them.

    PayChekPlus does not make this information easy to find.

    It seems curiosity has killed the cat that had my tongue.

    by Murphoney on Sun Jun 16, 2013 at 10:47:14 AM PDT

    •  "$1000 per pay period for free..." (4+ / 0-)
      Recommended by:
      splashy, libnewsie, deep info, kurt

      Why the heck should it cost anything to transfer anything?  I bank with two banks (One online, one small local bank), and neither has a transfer limit on their free checking accounts (Which have no minimum balance).  Free checking at the local bank earns you no interest, so it's not exactly the deal of the year, but doesn't have any of these attempt to steal from those who can least afford it.

      •  There's a lot of things this company isn't (1+ / 0-)
        Recommended by:
        deep info

        it could be compared unfavorably to Mother Theresa, too.

        It's true -- this is not a kind business model.  They are thieves who leverage business contracts with huge, uncaring corporations against folks who have fewer choices than others do.

        I'm merely, accurately, pointing out that even folks who are unfortunately saddled with this company's lousy services can manage not to have their money stolen.

        As to the $1000 limit, I believe the percentage of McDonald's workers who will regularly earn more than that in a 2-week period is liable to be a very, very small one.

        It seems curiosity has killed the cat that had my tongue.

        by Murphoney on Sun Jun 16, 2013 at 12:26:43 PM PDT

        [ Parent ]

        •  There's room for dispute on the Mother Theresa (0+ / 0-)

          thing, but that aside, if someone were actually trying to use the things like a real bank account, then one could, in theory, keep money in them for a period longer than two weeks.

          •  that's obviously not a choice that would be (0+ / 0-)

            to the wage earner's benefit -- as such, it is ill advisable and, moreover, optional.

            There's plenty of harmful things you can choose to do that you can't reasonably blame a  company for.

            It seems curiosity has killed the cat that had my tongue.

            by Murphoney on Sun Jun 16, 2013 at 02:09:00 PM PDT

            [ Parent ]

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