| Is giving employees a card rather than a check justifiable? | ||||||||||||||
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Joined: 13 Apr 2008
Posts: 1
Location: Lubbock 271
| Posted: Sat Jun 07, 2008 6:01 am Post subject: No more paper paychecks. | |
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WTF!? Does anyone know exactly what the deal is with this? how is it supposed to help lowe's employees? Why does lowe's insists on stealing their employees money?
For anyone who doesn't know what is going on. Lowe's will no longer give out paper checks. If you don't have direct deposit you will have to sign up for a savings card. Every time you use the card you will be charged. I have heard it will be a cash advance charge (normally around 10-20%) but i also heard ramblings of a dollar charge. Either way this is Lowe's (i assume benefiting) from stealing their employees money. Who is going to be receiving the interest compounding on these undesired unwanted bank accounts? I think this is a scheme between Lowe's and Citi Bank to make money. I think it is encroaching on the civil rights of the workers, taking away the freedom of choice and the right to far wages. And they say that the reasoning is they are going green. that is a load of sh!t if you ask me. Seeing how a flooring estimate takes 12 pages..... come on. is this for real? what is the world coming too? |
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Joined: 01 Feb 2008
Posts: 226
| Posted: Sat Jun 07, 2008 3:40 pm Post subject: | |
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There are people that work for Lowe's who are unable to get banking accounts. I'm positive on this matter. Now why in the world would they want to have a debit card for paying their bills? These people have to get cash from the card to get money orders to pay their bills. Not everyone out there accepts debit cards as payment. I know of a guy that has to pay money order or cashier checks for everything because it is guaranteed funds. That is because of his bouncing check history.
There are other people who just like to get a paycheck and cash it to get their bills paid. Some people are the cash only type. I don't know why Lowe's would really want to force people into receiving a debit card for their paycheck? The going green is BS! |
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Joined: 29 May 2008
Posts: 3
Location: Atlanta
| Posted: Sat Jun 07, 2008 5:21 pm Post subject: | |
| Just get a bank account...I've had direct deposit for over 2 years now and its a WHOLE lot easier than having a paper check or some card. | |
Joined: 01 Feb 2008
Posts: 226
| Posted: Sat Jun 07, 2008 7:38 pm Post subject: | |||
Some people can't get bank a bank account. There are various reasons and none of them are the business of Lowe's. I have direct deposit but there is a guy in my area that can't get a banking acount. He has a paper check. |
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Joined: 08 Feb 2008
Posts: 21
| Posted: Sun Jun 08, 2008 5:07 am Post subject: | |
| I know of some that cannot get a checking account, but they could get a savings acct. Direct deposit could go to that. The employee could get a debit card for the money in their savings acct. Maybe I am incorrect on this, but I can pay my bill online through my bank and can draw out money from checking or savings to do this. Even get cash from either as well. | |
Joined: 27 Dec 2005
Posts: 33
Location: Wisconsin
| Posted: Sun Jun 08, 2008 6:58 am Post subject: | |
| ACtually, the direct deposit thing is not something that Lowe's is doing on its own. They are being forced by the federal government. Any business with over a certain amount of employees must use direct deposit for their payroll. My 17 year old son had to get direct deposit for his paycheck also. | |
Joined: 16 Apr 2008
Posts: 7
| Posted: Sun Jun 08, 2008 11:14 pm Post subject: | |
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Not that I agree with the plan (going green? BS, indeed), but how can someone NOT get a bank account? It's not hard. Walk into a local bank and sign-up. I had one as a child, surely an adult can get one.
*Insert sarcastic tone here* I can't wait for all the money LOWE'S is saving by going green and cutting employees perks shows up on my paycheck! |
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Joined: 08 Feb 2008
Posts: 21
| Posted: Mon Jun 09, 2008 2:34 pm Post subject: | |
| I suppose if someone had had a previous account and had many overdrafts, etc, and did not take care of their account, that it would follow them like bad credit and maybe the banks would not give them an account even at another bank. People need a second chance at things though. You think? | |
Joined: 01 Feb 2008
Posts: 226
| Posted: Mon Jun 09, 2008 3:54 pm Post subject: | |||
You were able to get a bank account as a child because you had an adult on the account also. Children must have someone over 18 on the account who is legally liable if there are any problems. A banking account is like entering into a legal contract with the bank. A child can not legally enter into such an agreement. |
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Joined: 29 May 2008
Posts: 3
Location: Atlanta
| Posted: Mon Jun 09, 2008 4:25 pm Post subject: | |
| I like the savings account idea. surely Lowe's employees don't live so far out in the middle of nowhere that they can even FIND a bank to open a savings account. get direct deposit for that and get yourself an ATM card | |
Joined: 22 Dec 2007
Posts: 89
| Posted: Mon Jun 09, 2008 10:48 pm Post subject: | |
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Most people can get some for of an account. If they have their wages garnished by anything they can still get an account.
There are drug stores near me that you can pay and get a prepaid master card or visa with no problem. After that you could connect it to a paypay account and from there you can accept deposits... this isn't that hard. Ebay would grind to a halt if payments were all done with checks. Even if they still can't get a bank account they can get an account at a credit union. |
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Joined: 19 Oct 2003
Posts: 2556
| Posted: Tue Jun 10, 2008 11:43 pm Post subject: | |
If your an illegal you may not be able to get an account.! 
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Joined: 05 Feb 2008
Posts: 48
| Posted: Thu Jun 12, 2008 5:07 am Post subject: | |||
1st point, really? why does lowes have a credit union open to every employee every year to sign up for free? and why does wackovia, in my area, offer the same thing? 2nd point, everyone accepts debit cards if it has a visa/mc logo on it, and its been alonggggg time since i've seen one that has'nt. your 3rd point, some people are cash only? please, they are either thrying to hide something from their spouse or they are just plain dumb. if you get robbed at gunpoint or otherwise would you A) get all your cash back or B) be able to cancel your bank card and retrieve all your money? don't be a dumbass, get a checking/savings account! |
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Joined: 01 Feb 2008
Posts: 226
| Posted: Thu Jun 12, 2008 5:54 am Post subject: | |||||
I do have banking accounts so your comment is moot. There are certain circumstances where people are unable to get banking accounts. I know you think that everyone can get an account. That is simply not the case. I don't believe that your employer should mandate that you have a checking account in order to pay you the wage you are earning. I'm betting that they are trying to go green to pacify the fed on paper. Another reason could be that the price of fed ex is increasing due to fuel costs. They are having to pay more for delivering paychecks to the stores. I do believe it should be optional. I understand the reasoning behind it. There is a guy at my work that can not get a checking or savings account at any institution. He had some type of fraud charges and now isn't able to bank. He has to pay all of his bills with money orders now or go in person to pay cash. He isn't allowed to pay any of his bills with checks or debit cards. Part of his fraud entailed using credit cards and switching the magnetic strip. I don't even know where you came up with the idea that people don't get banking accounts because they are hiding money from their ex. Hell people hide money from their current love too. |
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Joined: 04 Oct 2006
Posts: 43
| Posted: Thu Jun 12, 2008 2:05 pm Post subject: | |
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Everyone is eligible to get a banking account. There is no reason why no one should not have one.
Lowes offers banking options through Peidmont Aviation Credit union, Wachovia and Bank Of America. You do not need to have a checking account to have direct deposit. So any chance of these folks not having reasons, is either to skirt around the law or pure laziness. As for the employee with fraud charges at your store. He by policy should not be employed by lows since he may be required to use the register. |
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Joined: 01 Feb 2008
Posts: 226
| Posted: Thu Jun 12, 2008 2:58 pm Post subject: | |||
His job code doesn't allow him to be on a register. He doesn't work with the public at all. |
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Joined: 05 Feb 2008
Posts: 48
| Posted: Fri Jun 13, 2008 1:10 am Post subject: | |
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your 3rd point, some people are cash only? please, they are either thrying to hide something from their spouse or they are just plain dumb. if you get robbed at gunpoint or otherwise would you A) get all your cash back or B) be able to cancel your bank card and retrieve all your money? don't be a dumbass, get a checking/savings account![/quote]
Part of his fraud entailed using credit cards and switching the magnetic strip. I don't even know where you came up with the idea that people don't get banking accounts because they are hiding money from their ex. Hell people hide money from their current love too.[/quote] again to your original 3rd point; your either trying to hide something from your spouse, and I belive Webster refers that as your current significant other, or your just plain dumb. dumbasses commit crimes. nuff said. p.s. spouse=current not ex. |
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Joined: 01 Feb 2008
Posts: 226
| Posted: Fri Jun 13, 2008 2:39 pm Post subject: | |
| I know you are missing the point I was trying to make here. I don't believe that your employer should be able to mandate how they pay you. Not everyone in the country is a debit card type of consumer. Take the contractors that come into the store daily, tons of cash! These are legitimate business people or are you going to claim they are hiding something from their spouses because they chose to pay with cash? Don't even try to infer that they are hiding something from the government or that they are doing something illegal. | |
Joined: 06 Jul 2003
Posts: 6727
Location: Central CA
| Posted: Fri Jun 13, 2008 3:25 pm Post subject: | |||
There may be a ton of valid reasons why a person SHOULD have a bank account but there is NO valid reason why they should have to have one IF THEY DON'T WANT ONE. Somebody is paying for the overhead and services on what ever type of debit card they use and if that's Lowe's, I'll bet that only lasts as long as it takes to make this kind of payment universal/mandatory and then you're going to be paying whoever administers that program (Lowe's themselves?) for the "privilege" of using your own money just like I pay BofA a "fee" when I use my Check card in many places now. |
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Joined: 04 Jul 2003
Posts: 1946
| Posted: Fri Jun 13, 2008 8:45 pm Post subject: | |
Sears has been doing this for a few years now. Direct Deposit is easiest to have and all you need is a savings account. And, you can get money orders through the bank you use as well if you don't like checking accounts. Works for me. 
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Joined: 23 Jan 2008
Posts: 17
Location: southeast
| Posted: Sun Jun 22, 2008 10:16 pm Post subject: | |
| get a freaking checking account. It is not hard and it doesn't cost anything. I couldn't freaking get along with a checking account. | |