(US money blog): RushCard disruption reveals why prepaid debit cards should not exist at all

[w0nderer]

2. everytime i read an article like this

i keep remembering 'it's a wonderful life' (the movie)

and i think
that's why credit unions were originally started from what i understand

it's sad that it seems so hard to start stuff like that up now adays

it shouldn't take more than a neighborhood getting together
https://en.wikipedia.org/wiki/Microcredit is something that almost all countries support in Africa, Asia and so forth
why not for the poor and working poor in their own countries?

(i know...no profit) but see i disagree, if a bank treats me badly when i'm poor, i won't go there when i have money (and i know, the US doesn't have a lot of economical movement range (despite all the nice Alger propaganda)).

but still, alienating a customer is almost always a bad idea

even worse is when SS or food supplements will only be given out on debit (prepay) cards and they have fees on them
so the supplement one DOES get gets eaten away by fees but you can't take it out cash or check (even if you do have a bank account to deposit the check into)

seems to me most bankers are close to vampires, apologies to any vampires for the comparison