Tara Monks / Banks versus Check Cashing: Both Cost

Banks versus Check Cashing: Both Cost

The government is trying to get involved with consumers who rely on check cashing companies for their pay.

Money management may be the real issue.
Banks versus Check Cashing: Both Cost

// West Palm Beach, FL, USA // Tara Monks (Press Release) (Blog) // Tara Monks
I understand why some stick with check cashing organizations as their main means of banking. The article cites the transparency of check cashing as a lure for those wanting access to their paychecks, and it is true. With all the bad news in the press and lawsuits banks are facing; horrible lending practices, hidden fees, dishonest check clearing procedures - it makes sense that people shy away. Maybe personal finance education is the way to go, rather than bribes of low bank rates though. Watch the full story on: New Attempts to Woo 'Unbanked' Consumers


Social Media Tags: personal finance education, paychecks, check cashing, government

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