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underpants

(196,083 posts)

7. My wife's company was bought by a bigger one

Reply to yellow dahlia (Reply #1)

Fri Mar 28, 2025, 06:57 PM

Mar 2025

They instituted direct deposit only. There were a lot of people not happy. These were old salts in their 40’s or 50’s. They had completely separate business from their spouse (husbands mostly). They had their business and they don’t need to know mine. They had a bank account but each added into it. Now they were going to have open their own account.

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No more paper SS checks. It will affect less than 1/2M people out of the 5.6M UNBANKED households [View all] underpants Mar 2025 OP

Eliminating choice. yellow dahlia Mar 2025 #1

Plus you have to have money to open a bank account questionseverything Mar 2025 #3

Good point. yellow dahlia Mar 2025 #4

My wife's company was bought by a bigger one underpants Mar 2025 #7

They'll have to pry my social security check from Sewa Mar 2025 #2

That may well be the idea. rsdsharp Mar 2025 #6

Think I read they will issue loaded debit cards. Not sure if that is much difference than a check. Silent Type Mar 2025 #5

Which encourages more spending. underpants Mar 2025 #8

Isn't the point that these people do not have bank accounts and Big Blue Marble Mar 2025 #9

It is. underpants Mar 2025 #10

So a pocket full of cash doesn't encourage spending. I'd take a card over a check any day. Though I'm fine with checks. Silent Type Mar 2025 #12

He said he'd pay Elon with a check for a tesla the other day: WATCH IcyPeas Mar 2025 #11

That's like going into a grocery store Tree Lady Mar 2025 #13

now it's getting to be us older folk using cash Skittles Mar 2025 #15

lol I did almost all cash started during covid Tree Lady Mar 2025 #16

I suspect most who get checks cash it, and might have to pay a fee. A card is probably better and safer. Silent Type Mar 2025 #14

I can't remember the last time I got a paper check. William769 Mar 2025 #17