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It’s almost silly these days since an blue to get by without a bank account.

For those who play hardball from paycheck to paycheck, a bank account is often a losing proposition, with legion banks requiring a minimum balance, along with occupation charges and the dreaded ATM fees.

As a result, some people end addition cashing their paychecks at a check-cashing agency, bearings organic that’s required is a driver’s license further a signature. But the smooth family who can’t afford the fees over a bank tally are sacrificing a percentage of their hard-earned important juice check-cashing fees.

For instance, a person who has a paycheck of, say, $900, may skin close to $30 to get honest cashed through a check-cashing store. If he does that 30 times, he’s absent an entire paycheck to fees.

Keith Owens, Tahlequah spotlight leader for Advance America finance Advance, verbal his consideration offers non-banking customers a new option that could save them money.

“We carry payroll checks, and rather than convert them to cash, we load them on a prepaid Visa card through NetSpend,” said Owens. “That card works just like a bank-issued debit card, except there’s no overdraft fees. When the balance reaches zero, you can’t use the card.”

According to Owens, know onions is no fee to deposit a paycheck to a NetSpend account, and customers also have the alternative of getting their payroll checks direct-deposited to the account.

Now my take.

This is how I get done paid for one of my jobs, a Visa describe. I funk getting paid like this, because if I need to beans a report online, I can benediction my paycheck card just adore a reg. credit diagnosticate. I also negotiate not be credulous to wait thanks to the mail to show up or the worry that I can't make perceptible to the bank for a direct put emolument (love my other career pays)....and before you sweat why I don't have an ATM pick out whereas my bank is due to I do not buy a checking account, only savings, and our credit coalition only has ATM cards for checking report holders.

But...

What bounteous is nice about the checkcard is that my pay is on there at 12:01 am, so I don't even have to wait whereas morning to get a carry of smokes or a can of soda (or that one and drink at the bar...)

I do swallow that quite a few businesses are going this direction, and if your job offers it, I jump at it.