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T-Mobile Jumping Into the Check-Cashing Industry
An anonymous reader writes "T-Mobile has made headlines recently for trying to change the cellphone industry's reliance on contracts that lock customers into a particular carrier. Perhaps surprisingly, they've been fairly successful. Now, they're jumping into another industry plagued by high, customer-unfriendly fees: check cashing. 'Specifically, T-Mobile is hoping to offer an alternative for the 70 million or so U.S. adults that either have no bank account or have some bank services but still rely somewhat on check-cashing or payday-loan services.' How will they do it? 'Through the combination of a smartphone and a prepaid Visa debit card, T-Mobile (and its banking partner, Bancor) aims to offer many of the services typically offered through a bank, including check cashing, direct deposit and bill pay. The service, dubbed Mobile Money, allows customers to purchase and reload the card at more than 3,000 T-Mobile stores and, eventually, at Safeway and other retail stores. They can use the card anywhere Visa is accepted, and can also withdraw money, without a fee, at 42,000 ATMs across the country. Mobile Money customers can enroll in direct deposit for payroll, and personal checks and other types of checks can also be deposited by taking a picture of the check using the smartphone's camera.'"
In the UK I've not written or received one for about 2 years now and I expect I'm typical.
Yes, checks are still a thing in the U.S.A. Are you not allowed to have checks in the U.K.?
In the U.S. we still have a little bit of freedom. We can choose whichever payment system we want to use, rather than the one that is forced upon us. We can choose to pay by cash, by check, by debit card, by credit card, by cell phone, by pre-paid debit/credit card, by Pay Pal, by BitCoin(very limited), by Gift Card, electronic transfer(ACH), by wire, by predatory payment services(check cashers, Western Union...), and now by T-Mobile check cashing, as well as many more that I have probably never heard of.
In the U.S.A. it is entirely possible for the average citizen to never write a check. But, if we want to write a check, we can choose to do so and the recipient will gladly accept it. We call this ability to choose at will, "freedom".
Strange concept, people who are in a country illegally, having broken that country's laws, have difficulties doing business in that country.
My sympathy factor is about zero.