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Thread: Paycheck by Debit Card

  1. #11
    Posting Addict SID081108's Avatar
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    My company offers the debit card option although it is only used by a few of our 1400+employees. I think it's absolutely crazy to offer it as the only option.
    CARRIE and DH 7/14/07
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  2. #12
    Posting Addict GloriaInTX's Avatar
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    Quote Originally Posted by blather View Post
    This absolutely blows my mind. Why wouldn't your son have a bank account? My kids have bank accounts, I got my first one when I was 5. Many banks and credit unions give free accounts to children, this is a fantastic way for kids to understand money. Is it illegal to have one under 18 where you are?
    I'm glad you had that luxury. A bank account doesn't do a whole lot of good if you have no money to put into it. When we were done paying medical bills and other expenses associated with his cancer we didn't have a lot left over to put in a bank account for him.
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  3. #13
    Posting Addict ClairesMommy's Avatar
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    My kids scrounge all the change they can find and put it in piggy banks too. They must have several hundred bucks each, what with the coins that grandpa and other relatives give them. Here we have one and two dollar coins, so it's easy to make a piggy bank add up to some serious cash.

  4. #14
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    Quote Originally Posted by ClairesMommy View Post
    My kids scrounge all the change they can find and put it in piggy banks too. They must have several hundred bucks each, what with the coins that grandpa and other relatives give them. Here we have one and two dollar coins, so it's easy to make a piggy bank add up to some serious cash.
    Maybe even $1.14.
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  5. #15
    Posting Addict ClairesMommy's Avatar
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    Quote Originally Posted by freddieflounder101 View Post
    Maybe even $1.14.
    Nope. We don't have pennies anymore. You'd get that rounded up to $1.15!
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  6. #16
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    Quote Originally Posted by ClairesMommy View Post
    Nope. We don't have pennies anymore. You'd get that rounded up to $1.15!
    I forgot! The last time I was in Canada (January) they were still phasing them out. No more $1.14 bank accounts, how sad.

    Back to the OT, I think it's ridiculous to pay people in a way that automatically charges them fees. It's really unfair.
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  7. #17
    Posting Addict ClairesMommy's Avatar
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    It seems so unusual to me. It makes me think there's a larger incentive at work as to why the debit cards are being used, and it's NOT for employee convenience.
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  8. #18
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    Quote Originally Posted by GloriaInTX View Post
    I'm glad you had that luxury. A bank account doesn't do a whole lot of good if you have no money to put into it. When we were done paying medical bills and other expenses associated with his cancer we didn't have a lot left over to put in a bank account for him.
    So all of his earnings go directly to you to pay for medical bills? That's rough.

  9. #19
    Posting Addict GloriaInTX's Avatar
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    Quote Originally Posted by blather View Post
    So all of his earnings go directly to you to pay for medical bills? That's rough.
    Where did I say that? I'm pretty sure I said they went on the Debit Card that the employer used to pay him, and he was fine with that arrangement since he didn't have his own account. We just didn't have the extra cash to open an account for him before he got his own job.
    Mom to Lee, Jake, Brandon, Rocco
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  10. #20
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    Quote Originally Posted by GloriaInTX View Post
    Where did I say that? I'm pretty sure I said they went on the Debit Card that the employer used to pay him, and he was fine with that arrangement since he didn't have his own account. We just didn't have the extra cash to open an account for him before he got his own job.
    This doesn't make sense to me. My kids' accounts have about $13 in them right now. When I got my first job, I opened an account at the bank the check was drawn on with my first paycheck.

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