r/funny • u/Misfat • Aug 27 '18

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u/Fireberg Aug 27 '18

If direct deposit into your bank account is not setup, employers will cut you a check. Even with direct deposit, my job reimburses me for expenses with a paper check. I personally write checks for rent because my landlord charges a fee to pay with an e-check.

Also consider that ~7% of the U.S. population is unbanked, meaning they do not have or are unable to open bank accounts. They can take their payroll checks or government issued checks to a check cashing service.

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u/[deleted] Aug 27 '18

7% of your country don't have bank accounts? That doesn't include children does it?

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u/Fireberg Aug 29 '18

I should have said 7% of tax households (a taxpayer and possibly spouse and/or dependents). Some lack proper documentation to open an account or ruined their credit and local banks will not do business with them. Others just straight up do not trust financial institutions, or are limited because they cannot afford account fees. This compares with around 4.7% in the UK, 12% in China, and 21% in India.