detectiveconan16
CAGiversary!
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I know some of you CAGers have experienced this already, especially when you work at Gamestop or McDonald's, or Taco Bell. The NY Times reports that this is an increasing trend among employers because it's "supposedly" cheaper for them, even though they are cards that come with fees. Some employers may let you opt out for direct deposit as the only other option, but it seems the scheme gives them a bonus for signing up each additional employee.
I personally think it's an awful practice, and have seen this with some fellow students with their financial aid money. If you don't cash out once a month, it's going to cost about $40 out of your paycheck, according to the article. One subject in the story had to keep all her months wages in cash, just like our parents did when they struggled to earn a living.
If we barely trusted banks after the financial crash, why would we continue to let them play with our money for the sake of convenience?
I personally think it's an awful practice, and have seen this with some fellow students with their financial aid money. If you don't cash out once a month, it's going to cost about $40 out of your paycheck, according to the article. One subject in the story had to keep all her months wages in cash, just like our parents did when they struggled to earn a living.
If we barely trusted banks after the financial crash, why would we continue to let them play with our money for the sake of convenience?