Unemployed workers are being ripped off by the big banks
By dragon54u
@dragon54u (31633)
United States
February 20, 2009 8:01am CST
I read in the paper today that unemployment benefits are put onto a debit card-this is a common practice these days to avoid theft of checks. But the banks get big bucks from this, too! One man called to ask a question on how to withdraw his funds and was charged $.50 for the info! It also costs $.75 per withdrawal if you use an ATM machine, $1 if you do it in person at a teller window. And if someone uses it to try to buy more than the card can cover, they are charged a fee of $20 for non sufficient funds instead of the purchase being declined!
This is no way to treat our struggling unemployed people. The banks are making big bucks with these fees. They are also making interest off the deposits of the funds before they are spent by the recipients. Our banks have become a study in the art of greed. Well, it's in the paper so maybe people will be outraged enough to protest to their representatives. I will make my voice heard on this issue!
3 responses
@kellyjeanne (1576)
• United States
21 Feb 09
Yea, I think it's utterly ridiculous how the banks charge a fee for the most inconsequential thing.
By the way............there is no such thing as an unemployed worker :), but, I know what you mean, sweetie! :)
Purrs,
Catwoman=^..^= & Mija
1 person likes this
@dragon54u (31633)
• United States
21 Feb 09
Yes, an unemployed worker is an oxymoron, tragic as it is. I just emailed Hershey's that I will no longer be buying any of their products since they fired 300 workers in Pennsylvania and moved the production of York Peppermint Patties (my favorite!) to Mexico. I will not consume another Hershey's product until they bring back production to this country and I will work to make our country be more tax friendly to our native producers.
@tea512 (687)
• United States
20 Feb 09
This is an old practice of taking advantage of the most helpless. you see this everywhere the check cashing store that take a cut to cash a payroll check, the payday loans that charge 427% APR a year, and banks nickel and diming folks because they do not have a high enough balance. When you are down and out your options shrink and you have to rely on people that are preying on this exact situation. Just horrible, and I fear there is really nothing that can be done about it.
