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(Think Progress)   States converting unemployment checks to BoA prepaid cards, who charges $5 fee per use   (thinkprogress.org) divider line 399
    More: Asinine, prepaid cards, unemployment checks, U.S. Bancorp, profit center, public good, debit cards, fees  
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13236 clicks; posted to Main » on 15 Nov 2011 at 11:49 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2011-11-15 11:50:05 AM
BofA customers can be charged $1.50 for speaking to a customer service operator more than once a month, $1.50 for using an "out-of-network" ATM, and $0.50 for entering the wrong PIN number too many times.

Go to the Bank of America ATM instead of the price gouging one in the back of your local liquor store, you moran.
 
2011-11-15 11:52:37 AM
Or simply use direct deposit, it takes one entire online form with 3 questions to answer (name, account number, routing number).
 
2011-11-15 11:52:59 AM
Done in one.
 
2011-11-15 11:53:32 AM
serial_crusher: BofA customers can be charged $1.50 for speaking to a customer service operator more than once a month, $1.50 for using an "out-of-network" ATM, and $0.50 for entering the wrong PIN number too many times.

Go to the Bank of America ATM instead of the price gouging one in the back of your local liquor store, you moran.


The problem is that believe it or not BoA is NOT EVERYWHERE. However, nearly every state also has direct deposit options so...
 
ZAZ [TotalFark]
2011-11-15 11:53:46 AM
Does BoA charge a fee for answering "no" when asked whether you agree to pay $5 to use this out of network ATM?
 
2011-11-15 11:54:09 AM
quantum_csc: Or simply use direct deposit, it takes one entire online form with 3 questions to answer (name, account number, routing number).

That's assuming people have bank accounts. Otherwise it's a redirection of revenue from the cheque cashing shops to BoA.
 
2011-11-15 11:54:35 AM
serial_crusher: Go to the Bank of America ATM instead of the price gouging one in the back of your local liquor store, you moran.

The nearest BoA to the woman in the article is 50 miles away - the HuffPo article is more complete:

Link (new window)
 
2011-11-15 11:54:36 AM
Done in one indeed... go occupy something subby.....
 
2011-11-15 11:56:24 AM
The amount of stupid in this thread so far is mind blowing. Oh wait, this is FARK, where nobody RTFA, so it's business as usual.
 
2011-11-15 11:56:56 AM
I bet there was some stiff competition for that contract. The kind that increases service while driving down costs and allowing the government to secure protections for its citizens, rather than just turning them over to a monopolist. I mean, who would just sign over absolute control for a pittance after having seen how unregulated local monopolies exploited the populace in telephone service, cable service, power service, water service, waste management, parking meters, charter schools, etc. I'm sure they'd have learned those lessons and ensured oversight, control and the right to revoke the contract remain with the population and their elected officials.

/hooray for regulatory capture!
 
2011-11-15 11:57:59 AM
She estimates that she has paid at least $350 in fees to tap her unemployment benefits.

Well, the state and taxpayers have paid. With a little pre-planning, you should be able to minimize that impact on your free money.
 
2011-11-15 11:58:02 AM
Corporate welfare - literally.
 
2011-11-15 11:59:06 AM
pisceandreamer: serial_crusher: Go to the Bank of America ATM instead of the price gouging one in the back of your local liquor store, you moran.

The nearest BoA to the woman in the article is 50 miles away - the HuffPo article is more complete:

Link (new window)

I live just outside Cordova, where this twitch is from
biatch LIEs

ATM - 4.45 miles
Bi-Lo 0513
365 Riverside Dr SW
Orangeburg SC 29115

ATM open 24 hours
(Deposits not accepted)
Services & hours » for Bi-Lo 0513 ATM at 365 Riverside Dr SW Orangeburg, SC 29115
Get directions » to Bi-Lo 0513 ATM at 365 Riverside Dr SW Orangeburg, SC 29115

Branch - 5.3 miles
John C Calhoun
761 John C. Calhoun Drive
Orangeburg SC 29115

803-533-6671
About this phone number
 
2011-11-15 12:00:02 PM
serial_crusher: BofA customers can be charged $1.50 for speaking to a customer service operator more than once a month, $1.50 for using an "out-of-network" ATM, and $0.50 for entering the wrong PIN number too many times.

Go to the Bank of America ATM instead of the price gouging one in the back of your local liquor store, you moran.


Yeah, and spend $10 worth of gas to get there and back.
 
2011-11-15 12:00:26 PM
If this outrages you, the proper target is the state. BofA doesn't hide the fact that it makes these charges and no doubt it's part of the contract. So if you think it's abusive, tell the state to stop contracting with them instead of biatching that BofA won't handle things the way you want.
 
2011-11-15 12:01:52 PM
Hey, it's all a part of Bank Of America's self-proclaimed "right to make a profit."
 
2011-11-15 12:02:05 PM
What ever save the taxpayer money.
 
2011-11-15 12:02:20 PM
I see, the leeches want BoA to service them for free.
 
2011-11-15 12:02:59 PM
pisceandreamer:
the HuffPo article is more complete:


Now there's a sentence you can't write everyday.
 
2011-11-15 12:03:01 PM
If these miscreants weren't unemployed in the first place, they would not have to worry about the charges. Get a job you low lifes.
 
2011-11-15 12:03:21 PM
Buffalo77: What ever save the taxpayer money.

Shifting tax burdens downwards isn't class warfare. Nope. Those losers deserve it.
 
2011-11-15 12:03:59 PM
jjorsett: If this outrages you, the proper target is the state. BofA doesn't hide the fact that it makes these charges and no doubt it's part of the contract. So if you think it's abusive, tell the state to stop contracting with them instead of biatching that BofA won't handle things the way you want.

I'm sure someone with the state is being "compensated" well from BoA.
 
2011-11-15 12:04:01 PM
The day I received my card for this nonsense, I immediately withdrew all the money and then set-up for direct deposit to my own bank for all future EDD payments. I don't get my money any later than if I were still receiving checks and I don't have to use BofA.
 
2011-11-15 12:05:16 PM
xcheopis: The day I received my card for this nonsense, I immediately withdrew all the money and then set-up for direct deposit to my own bank for all future EDD payments. I don't get my money any later than if I were still receiving checks and I don't have to use BofA.

I used direct deposit when I was on unemployment last year.

The problem is, a surprising number of Americans don't have bank accounts.
 
2011-11-15 12:05:24 PM
It amazes me that anyone does business with BOA, I tried them once about 8 years ago, got tired of the fees and left after 6 months.

As far as these folks using direct deposit,most don't have checking accounts.They don't have enough money to avoid the low balance fees. They pay bills with money orders, another expense they can ill afford
 
2011-11-15 12:06:28 PM
serial_crusher: BofA customers can be charged $1.50 for speaking to a customer service operator more than once a month

This is amazing, in a sad sort of way.
 
2011-11-15 12:06:59 PM
And BOA just won the contract for all the ATMs at the Charlotte, NC airport. If you are at the airport you no longer have a choice so bring enough cash with you.
 
2011-11-15 12:06:59 PM
GoodyearPimp: She estimates that she has paid at least $350 in fees to tap her unemployment benefits.

Well, the state and taxpayers have paid. With a little pre-planning, you should be able to minimize that impact on your free money.


So true, I'm getting free shiat and I'm gonna complain about it.
 
2011-11-15 12:07:33 PM
Just use it at the grocery store and get cash back...

\Currently receiving Unemployment on a card in PA
\Luckily there are tons of PNCBank locations around me, + the ones inside the local convenience store chain
 
2011-11-15 12:07:45 PM
So Bank of America is supposed to handle this money, handle these transactions, for absolutely nothing? You better believe it costs BoA money to handle that flow of money, and they aren't going to do it for nothing. Anyone that thinks BoA should is an idiot.
 
2011-11-15 12:09:26 PM
I like how conservatives are totally OK with public money going right to the banks.

Again.
 
2011-11-15 12:09:56 PM
Pre-paid debit cards are the dumbest invention ever. What exactly is wrong w/ just cutting a check?
 
2011-11-15 12:10:18 PM
newtekie1: So Bank of America is supposed to handle this money, handle these transactions, for absolutely nothing? You better believe it costs BoA money to handle that flow of money, and they aren't going to do it for nothing. Anyone that thinks BoA should is an idiot.

America has grown into an entitlement nation. Most people think that everything should be free to them.
 
2011-11-15 12:10:46 PM
I wonder if Jesus would use BofA, or a friendly credit union?
 
2011-11-15 12:10:48 PM
Jack Black 62: I see, the leeches want BoA to service them for free.

Someone doesn't understand how banks operate.
 
2011-11-15 12:11:01 PM
yanoosh: It amazes me that anyone does business with BOA, I tried them once about 8 years ago, got tired of the fees and left after 6 months.

As far as these folks using direct deposit,most don't have checking accounts.They don't have enough money to avoid the low balance fees. They pay bills with money orders, another expense they can ill afford


I bank with them and get zero fees, so I'm not sure what you're talking about. If you want to talk about their home lending division, I'm all yours. But as for checking/savings...no problems that weren't corrected right away. Heck, someone used my CC info after the PS3 hack and BAC credited my account the very same day that I called about it.
 
2011-11-15 12:11:04 PM
Ackbarican_Idol: Pre-paid debit cards are the dumbest invention ever. What exactly is wrong w/ just cutting a check?

What is wrong with just ending welfare all together, be it social, corporate, or global?
 
2011-11-15 12:11:40 PM
Ackbarican_Idol: Pre-paid debit cards are the dumbest invention ever. What exactly is wrong w/ just cutting a check?

BoA doesn't get to skim a little off the top, that's what's wrong with it.
 
2011-11-15 12:12:28 PM
Matthew Keene: I wonder if Jesus would use BofA, or a friendly credit union?

If Jesus were born today, he would have been denied a loan to start his carpentry business and he'd be filling your chalupas with sour cream while he dreams of becoming a musician
 
2011-11-15 12:12:30 PM
jjorsett: If this outrages you, the proper target is the state. BofA doesn't hide the fact that it makes these charges and no doubt it's part of the contract. So if you think it's abusive, tell the state to stop contracting with them instead of biatching that BofA won't handle things the way you want.

Logic doesn't belong in this thread!

(would insert gif of gail the snail, but got filterpwnd)
 
2011-11-15 12:12:38 PM
LrdPhoenix: Yeah, and spend $10 worth of gas to get there and back.

pisceandreamer: serial_crusher: Go to the Bank of America ATM instead of the price gouging one in the back of your local liquor store, you moran.

The nearest BoA to the woman in the article is 50 miles away - the HuffPo article is more complete:

Link (new window)


Funny, I checked that on google maps. Seems this woman is in Cordova S.C. I found a full BofA banking center 4.2 miles away in Orangeburg S.C. That's a 9 min drive up state road 38-90.
 
2011-11-15 12:12:57 PM
Ackbarican_Idol: Pre-paid debit cards are the dumbest invention ever. What exactly is wrong w/ just cutting a check?

it cost 5 bucks to cash a check at the local Kwik-E-Mart. 5 bucks to get a money order to pay bills.
 
2011-11-15 12:13:22 PM
The All-Powerful Atheismo: Jack Black 62: I see, the leeches want BoA to service them for free.

Someone doesn't understand how banks operate.


If you are referring to me then you are dead wrong.
 
2011-11-15 12:14:07 PM
The number of accounts in this thread with names I've never seen and absolutely no details in their profile is staggering.
 
2011-11-15 12:14:09 PM
serial_crusher: Go to the Bank of America ATM instead of the price gouging one in the back of your local liquor store, you moran.

Why do banks even get these contracts? They should just send a check and the recipient can deposit it wherever he or she banks.
 
2011-11-15 12:14:58 PM
serial_crusher: BofA customers can be charged $1.50 for speaking to a customer service operator more than once a month, $1.50 for using an "out-of-network" ATM, and $0.50 for entering the wrong PIN number too many times.

Go to the Bank of America ATM instead of the price gouging one in the back of your local liquor store, you moran.


LOL, Boy do I love clueless rage. Ok, now here's the clue... yes, other vendors will 'gouge' you for convenience, but the $1.50 is a BoA fee IN ADDITION to any ATM owner's fees. So... you might wanna re-target your rage.

/good jorb getting this in first, though
 
2011-11-15 12:15:14 PM
Jack Black 62: The All-Powerful Atheismo: Jack Black 62: I see, the leeches want BoA to service them for free.

Someone doesn't understand how banks operate.

If you are referring to me then you are dead wrong.


Well referring to unemployment recipients as "leeches" already shows you have a rather tenuous grip on reality as it is.
 
2011-11-15 12:15:52 PM
newtekie1: So Bank of America is supposed to handle this money, handle these transactions, for absolutely nothing? You better believe it costs BoA money to handle that flow of money, and they aren't going to do it for nothing. Anyone that thinks BoA should is an idiot.

Well, I'm an idiot, because I think BoA - which has proven its capacity for financial evil time and time again - ought to screw over its wealthy clients and businesses and so forth BEFORE it starting chipping away at the little people's meager assets.

BoA needs a nice Penn State-style meltdown.
 
2011-11-15 12:15:59 PM
i see a cadre of useful idiots is here to support BofA. Good job, guys. While you are at it, please polish the boot that is on the necks of the poor.
 
2011-11-15 12:16:30 PM
Is this whole "getting free shiat" thing a new meme I missed?
 
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