Not being able to get a bank account is extremely stressful.
Check cashing fees are one of the biggest wastes of money in the entire world, not to mention the risks of carrying around a paycheck's worth of cash all of the time.
Fortunately, there are some simple ways to save a lot of money on check cashing and a type of bank account that is available to just about everyone! This post will work to explain both of these for you so that you can safe money and manage your finances responsibly.
The idea of paying someone a lot of money to convert your paycheck into cash in absolutely ridiculous.
Not to mention the embarrassment of having to talk to them through the bullet proof glass and the dangers an entire neighborhood of people knowing that everyone who walks out of the store has a huge pocket full of cash.
Check cashing sucks! A very easy way to save a ton of money when cashing a check is to go to the bank that the check comes from.
This works best with your paycheck since most companies bank with large banks that are common in most areas.
Take a look at your next paycheck and find the name of the bank that your employer uses.
Heading to that bank, instead of the check cashing store, will allow you to cash your check for a simple flat fee (or sometimes free).
Some examples of this are Wells Fargo charges $6 to cash, and Bank of the West doesn't charge anything at all.
This is a perfect example of how doing a little bit of research can save you a ton of your hard earned cash.
If you want to get a bank account but have been turned down at other places, a second chance account is the way to go.
These will give you instant approval on a new account and are available to just about everyone.
There are no credit checks, no Chexsystem, and not even an employment or income verification.
The only thing that you need for one of these is to be a US citizen and have your Social Security card handy.
Vision Premier is the leader in this niche, and they also provide all of the regular banking benefits like a Visa card, direct deposit, and ATM use.
It's pretty ironic that not being able to have a bank account will make you even more broke, but it's a fact of life.
Use the tips above to put a stop to this and get your finances back in the black!
Check cashing fees are one of the biggest wastes of money in the entire world, not to mention the risks of carrying around a paycheck's worth of cash all of the time.
Fortunately, there are some simple ways to save a lot of money on check cashing and a type of bank account that is available to just about everyone! This post will work to explain both of these for you so that you can safe money and manage your finances responsibly.
The idea of paying someone a lot of money to convert your paycheck into cash in absolutely ridiculous.
Not to mention the embarrassment of having to talk to them through the bullet proof glass and the dangers an entire neighborhood of people knowing that everyone who walks out of the store has a huge pocket full of cash.
Check cashing sucks! A very easy way to save a ton of money when cashing a check is to go to the bank that the check comes from.
This works best with your paycheck since most companies bank with large banks that are common in most areas.
Take a look at your next paycheck and find the name of the bank that your employer uses.
Heading to that bank, instead of the check cashing store, will allow you to cash your check for a simple flat fee (or sometimes free).
Some examples of this are Wells Fargo charges $6 to cash, and Bank of the West doesn't charge anything at all.
This is a perfect example of how doing a little bit of research can save you a ton of your hard earned cash.
If you want to get a bank account but have been turned down at other places, a second chance account is the way to go.
These will give you instant approval on a new account and are available to just about everyone.
There are no credit checks, no Chexsystem, and not even an employment or income verification.
The only thing that you need for one of these is to be a US citizen and have your Social Security card handy.
Vision Premier is the leader in this niche, and they also provide all of the regular banking benefits like a Visa card, direct deposit, and ATM use.
It's pretty ironic that not being able to have a bank account will make you even more broke, but it's a fact of life.
Use the tips above to put a stop to this and get your finances back in the black!