According to the agreement filed in a New York court as part of a class-action lawsuit, RushCard will pay at least $100 to each user who could not access their funds. That amount can increase to up to $500 if the customer can document any losses they might have experienced due to the outage.
But what if they had more in their accounts?
My cousin always purposely overdrafts her account. She has Bank of America and chime but I doubt she would qualify for another bank.
She claims she preferred chime because her money gets there quicker but she really just doesn’t want all her money in one account because when it’s time to pay bills she can avoid it by letting it bounce back until she’s ready to pay smh.
Some folks just don't understand the concept of paying bills on time, so they treat it like a game. It's no surprise they treat banking in the same manner.
I know a chick who keeps a chart of banks/companies and the times they clear deposits so she can kite checks. She can tell you exactly when your autopay will come out down to the second too. It's sad, yet fascinating.
Let some folks receive $20K to put toward a wedding, they'd go over budget and have to start a gofundme because they'd have to have the best of the best!
moms favorite threats is to tell me that she won't let my college use her w2 forms so I can get financal aid.
This happened to my husband. In addition to his mother telling him to write letters to famous people to help him with college, she refused to stop claiming him on her taxes so that he could apply for financial aid. He had to drop out of college and work 3-4 jobs so that he made more than her so she'd stop claiming him and he could get the aid he needed to pay for school.He's in a PhD program now and doing well and now she's so proud
I can attest to this. Especially with that over 50 crowd: they LOVE to say they want you to be successful, but if you are down on your luck? "Say the 23rd psalm"! Or God help you if you are about to be homeless. "I will pray for you". Need a job? "Apply online".
I won't be here so I don't care. I'm not leaving nothing to nobody. Nobody left nothing for me.
We may need to create neighborhoods that are gentrification proof. Black folks, professional and non-professional, need to collaborate on establishing colonies outside of the typical NYC-DC-ATL that we struggle to survive in. Redlining is real but it doesn't have to be. Buy homes and get that credit right and stop buying crap that we don't need (mermaid hair, shoes, clothes). Let's be frugal and learn how to do our own hair (again), shop thrifty or even make our own clothes. We have to undo the decades poor financial habits that we've grown accustom to. We're going to have to pool our resources and get educators, doctors, lawyers, etc. so that we have our own professional services. We may need to re-segregate ourselves to see a real change.
This is why I side eye people thar get store credit cards in the guise of building credit. There are better ways to do that."Carrying debt builds credit."
I keep hearing this lie be repeated way too many times by black people and it bothers me. I'm starting to feel like this lie was intentionally spread across the black community to keep us financially fµcked so the powers that be could then use the data on consumer debt to blame us for being financially irresponsible.
Not investing. Clothes, cars and handbags are not investments. If you can afford those things too, great. However, one should never have more money on their body than they have in the bank. Prepare for the future, prepare for hardships or if you just want to make a change in life. Get life insurance to keep your family covered in the event of a tragedy. Don't just live for today.
There are a lot of books and content out there to educate yourself financially. We have to tell ourselves "no" at times. I think in our community, some fall into the "bling" trap, especially when they have come from a background where they didn't have a lot growing up. This mentality will keep you poor.
What is wrong with doing that ???not valuing having good to excellent credit
cashing checks at the check cashing place
treating family and friends like ATMs
putting bills in children's names
Ok so where do you cash them then?For some reason the "quote" option isn't working for me. But to the above font, cashing checks at the check cashing places just needlessly eats up money. It ain't a lot but it adds up.
You deposit them to your bank account where it is free. Unless it is a foreign check it usually clears in 24 hours so that shouldn't be too long to wait. The point the other person was making is that you should have enough cash already that you don't need to run and cash a check (at a cost).Ok so where do you cash them then?
What is wrong with doing that ???
Ok so where do you cash them then?
You deposit them to your bank account where it is free. Unless it is a foreign check it usually clears in 24 hours so that shouldn't be too long to wait. The point the other person was making is that you should have enough cash already that you don't need to run and cash a check (at a cost).
You deposit them to your bank account where it is free. Unless it is a foreign check it usually clears in 24 hours so that shouldn't be too long to wait. The point the other person was making is that you should have enough cash already that you don't need to run and cash a check (at a cost).
Yup, what CandleCrazii said
bbydoll21 you can also do mobile deposits thru your banks app too. Even if someone doesn't have a bank account, most people have something like Chime/Cashapp/Venmo or cash cards like Green Dot. Those apps/cards have account numbers and routing numbers that you can also use to get your checks directly deposited to those as well.
What is wrong with doing that ???
I would say unplanned children would be #1. People don’t see the financial and psychological impact of having children when not prepared.
Another is surrounding ourselves with broke people. Friends and family members who always have issues will drain you.
I wouldn't suggest the scam that is Green Dot. Their terms & conditions are terrible, especially for those who are financially illiterate. You reminded me that I need to deactivate my Green Dot card lol.Even if someone doesn't have a bank account, most people have something like Chime/Cashapp/Venmo or cash cards like Green Dot.
I agree with this. Let your kids stay home and stack their coins before they move out.And another mistake we make is pushing our kids out the house when they turn 18. Instead of encouraging them to stay home, while they work/go to school, until they are financially and mentally ready. Because BABY, I wish I would’ve stayed home for a few more years..
lastly, we don’t pull our resources together to help one another.
This. I’m working towards leaving my current job because it just ain’t paying what it should.Staying in a low-paying job until you die because "a job is a job"