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Just watching tv and Walmart is now in the checking cashing business, for only $3 per check.

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texanwitch Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 12:12 AM
Original message
Just watching tv and Walmart is now in the checking cashing business, for only $3 per check.
This is good and bad.


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Tangerine LaBamba Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 02:11 AM
Response to Original message
1. Flat rate?
So if you're cashing a twenty-dollar check, it's three bucks.

If you're cashing a five hundred dollar check, it's three bucks.

Smart. Very smart.

So Walmart now cashes checks. Do they sell money orders, too?

Little by little, they'll become a one-stop store - dry cleaning, laundromat, you need it, they'll supply it.

That's frightening, but, you know, that's what America has become.

I fucking give the fuck up.........................
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texanwitch Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 02:50 AM
Response to Reply #1
2. I think they have somethng like Western Uniion.
Cash you check and spend it at Walmart.
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jmowreader Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 02:18 PM
Response to Reply #1
10. They sell money orders, yes
Uhh...folks, Walmart has had a check cashing service for quite some time. They also have bill pay and MoneyGram, a competitor to Western Union.

Walmart is going after the "unbanked Americans"--what they're calling people who don't have bank accounts for whatever reason. And to be very honest with you, compared to the rest of the companies in the Unbanked Americans market like Ace Cash Express and Advance America, Walmart is a fucking SAINT! I hate to say it, but in this particular market Walmart is the guy in the white hat. You pass by any of those other places and they're all "get a payday loan, pawn your car title, get Quick Cash RIGHT NOW!!!" Walmart isn't doing any of that shit. To Walmart, financial transactions are a service and not a product--they're selling financial transactions to get people to come in and...oh, while we're here we might as well do the week's shopping. (Which those people were going to go to Walmart for anyway.)
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quakerboy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 03:41 AM
Response to Original message
3. They are really blanketing with the commercials right now
The check cashing one was playing here for quite a while. Now they are pushing the school supplies. Its crazy, and I cant help snicker each time I see one, even as I simultaneously know its not really funny. Everything I ever bought at Walmart broke/wore through in record time. It was a bad deal financially, which was why I stopped shopping there even before I started worrying about labor, imports, corporate power, etc.
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mwooldri Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 11:46 AM
Response to Original message
4. Strange, my credit union is in the same business too.
Somehow they manage to do it for $3 less per check than Wal-Mart.

Mark.
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gmoney Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 03:35 PM
Response to Reply #4
22. If you have an account with a balance larger than the check.
Edited on Sun Sep-06-09 03:35 PM by gmoney
If you don't, they won't touch your check, most likely.
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madmom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 12:14 PM
Response to Original message
5. This happens all over the place here. Kroger, meijer, walmart, they all do it. Try again!
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Rabrrrrrr Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 12:53 PM
Response to Original message
6. My first thought when I saw it: "Another way to screw their employees"
Employ at a mere subsistence level of income, make the employees utterly desperate for cash every time payday rolls around, and then offer them the great service of being able to cash their checks, right there at work, for just $3.

That was my thought, anyway.

Mostly a way to wring more money from their employees.

And certainly a better way to screw the kind of poor, ignorant, money-desperate people who shop at their shithole behemoths.

Granted, it's less of a screwing than the other check-cashing places, but it's still a screwing.

$3 a check? That's fucking outrageous.
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madmom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 01:44 PM
Response to Reply #6
7. I think this is false info, they will cash a payroll check (their employee) for
free other checks are a $3 fee, just like everywhere else including banks.
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Iggo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 01:55 PM
Response to Original message
8. Also...
Edited on Sun Sep-06-09 01:56 PM by Iggo
...and I don't know if this is a national commercial, but in the last week I've seen a WalMart commercial in semi-heavy rotation featuring an inter-racial couple. I don't think I've ever seen an inter-racial couple on any other big store's ad campaign. This means they're bringing out the big guns here in SoCal at least. They mean to survive this thing.
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coconuted Donating Member (130 posts) Send PM | Profile | Ignore Sun Sep-06-09 02:16 PM
Response to Original message
9. My bank cashes them for free.
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EndersDame Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 02:21 PM
Response to Reply #9
11. Not everyone has a bank account and not everyone has a car to drive around to get to a bank
Edited on Sun Sep-06-09 02:21 PM by EndersDame
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coconuted Donating Member (130 posts) Send PM | Profile | Ignore Sun Sep-06-09 02:38 PM
Response to Reply #11
14. So how are they gonna get to Wal-Mart? n/t
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madinmaryland Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 02:52 PM
Response to Reply #14
15. Public transportation. (i.e. the bus). Our community has bus service,
and one of the stops is the Walmart Plaza.
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coconuted Donating Member (130 posts) Send PM | Profile | Ignore Sun Sep-06-09 03:03 PM
Response to Reply #15
16. O.K.
Where I live we do have public transportation (bus) and it can take you to the bank as easily as it can take you to Wal-Mart. Come to think of it there is a bank in the wal mart in this town. I know some people don't have a bank account, but if they have a check they could open one. You only need a few bucks in a savings account to be able to cash checks.
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EndersDame Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 03:18 PM
Response to Reply #16
19. Yeah but alot of people don't have bank accounts because they have gotten into trouble with checks
like myself and alot of my coworkers are afraid because of this . i know walmart is bad but when i did not have a car it sucked having to wait 30-45 mins for buses and transfes so one stop shopping is a god send (grocery clothes etc)
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coconuted Donating Member (130 posts) Send PM | Profile | Ignore Sun Sep-06-09 03:31 PM
Response to Reply #19
21. That is true
There is a little convenience store here right next to the day labor place. The guy will cash ANY check. Not sure what he charges but all the workers are lined up there every day when they get paid. Those poor folks bust ass all day long for about $60, so I can under stand wanting to keep as much as possible.
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jmowreader Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 02:21 PM
Response to Reply #9
12. But what happens if you're unbanked?
At my bank, they charge three percent if you don't have an account there, and a lot of people don't.

You'll love this: My bank is right across the street from a convenience store. Every payday, the unbanked go to the bank and pay three percent to cash their checks (hey, it's cheaper than going to a check cashing place), then drive across the street to the convenience store and purchase money orders to pay their bills because the convenience store charges 75 cents per money order and the bank wants $5.
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EndersDame Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 02:22 PM
Response to Reply #12
13. MoneyBox only charges 1%
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jmowreader Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 03:05 PM
Response to Reply #13
17. And if there's no MoneyBox store in your area?
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EndersDame Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 03:15 PM
Response to Reply #17
18. Yeah we all hate wally world but if you have no bank and no car
It is a pretty good deal to do your shopping and check cashed in stop. Most grocery stores also cash checks
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Zavulon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-06-09 03:20 PM
Response to Original message
20. What's bad about it?
It's a service being offered, nobody is forced to use it. Is it bad just because it comes from Wal-Mart?
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