Millions in US lack bank access

[zdreg]

Quote from CET:

Many of these people do not have a bank account by choice. They don't want any more people than necessary to know how to find them. The government is misrepresenting this situation. Big brother just wants another tracking mechanism on these people.

many more people have been parking money in wal-mart gift cards because banks are making it more difficult to open up accounts.

http://digg.com/d31CKNa

it is going to be more difficult to get a store credit card if new rules go through in february 2010.
this is expected as the US becomes a nanny state under obama. decisions will be made by big government for your protection.

 

[enkidu007]

Quote from misterno:

how can you live without a bank account?

I don't understand

I have lived without bank or credit card since I left home. I cash my work check at my companies bank. They do not require an account, just 2 forms of id.

I pay my rent by cash.
I buy all goods by cash.
Anything that needs credit card I use prepay visa i buy from loan store.

Extra money I keep at my brothers house. Sure it's risky, but no less risky then the govt taking all your money.

I don't ever want a bank account or need one. No justification for it.

 

[l2tradr]

Quote from enkidu007:

I have lived without bank or credit card since I left home. I cash my work check at my companies bank. They do not require an account, just 2 forms of id.

I pay my rent by cash.
I buy all goods by cash.
Anything that needs credit card I use prepay visa i buy from loan store.

Extra money I keep at my brothers house. Sure it's risky, but no less risky then the govt taking all your money.

I don't ever want a bank account or need one. No justification for it.

Do you have a brokerage account?

 

[enkidu007]

Quote from l2tradr:

Do you have a brokerage account?

Yes, but it's in my brothers name, I log in and do the work.

And for those interested, bank of american in california does not even require SS# to use them. I did not know about this till refered by some mexicans. I went in one of the branches and you can open or just use them. You don't even need US drivers license ID you can use a mexico drivers license/Mexican Federal ID, which are pretty easy to duplicate.

I think the ones in Texas and Arizona and New Mexico follow the same rules, but the one in illinois required a SS# :-(

It seems the banks are regulated by state, otherwise not sure why bank of america would have different rules for each state.

just fyi.