Do you have a bank account? Many in U.S. don't have bank accounts. (transaction, credit card)

[mojo101]

We used to have a CHASE BANK,now it is closed and the ATM machine is not working.
But owning a bank account can cost you these days if you dont keep a certain balance in the account,I THINk the fee with Chase is $6 per month.
And there is a limit of 6 free withdrawals with your saving account.per month.
But one can survive without a bank account,you can pay your utility bills at supermarket,but money order as well.
how often do we need cash or write a check?
we can use either our cc or debit card

[Sydney123]

My finances are way too complicated to NOT have a bank account.

[Sand&Salt]

Originally Posted by NJ Brazen_3133

The Amish sound like the Chinese. They too take care of their elderly.

Here too. There are no nursing homes or assisted living. Children know from day 1 that they will have to take care of their parents at some point and prepare for that.

What I haven't figured out is what if they have dementia or some other debilitating condition beyond a layman's capability.

As a senior, it's nice to live where the older folks are respected.

As far as bank accounts, I don't know how you live without one. Always had one (or 2). In the U.S. yes. I figure our money is safer there....

Our caretaker/gardener is paid in cash as are most laborers so they don't really need one, living hand-to-mouth. Checks are not a thing..

[KB71]

I've had a bank account since I was 18. My son, 17, just started working late last year and he opened a bank account and he's been saving some pretty good money. You can never start too early, IMHO!

[mojo101]

Originally Posted by Disgustedman

Knew a guy who would cash his check at one of those check cashing places. I told him to endorse the check, then put, pay to the order of (wife's name)

I'd done thst for depositing checks to my mother's accounts for months and they never batted an eye. I suspect this is why many don't have accounts.

some banks stop accepting endorsed checks.

[mojo101]

Our caretaker/gardener is paid in cash as are most laborers so they don't really need one, living hand-to-mouth. Checks are not a thing..
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sad but true,why bother to put the cash in the bank account when it will be gone soon-pay rent,car,utilities,grocery,gas.and have some change for a beer

[djohnslaw]

Originally Posted by mojo101

We used to have a CHASE BANK,now it is closed and the ATM machine is not working.
But owning a bank account can cost you these days if you dont keep a certain balance in the account,I THINk the fee with Chase is $6 per month.
And there is a limit of 6 free withdrawals with your saving account.per month.
But one can survive without a bank account,you can pay your utility bills at supermarket,but money order as well.
how often do we need cash or write a check?
we can use either our cc or debit card

ATM not ATM Machine

Debit cards are really bad as far as protection goes. If you're disciplined and can pay your cc balance off each month they're so much better.

[Ceece]

Ya. Most people should have a bank account

[IonRedline08]

A huge number of people can no longer get checking accounts because they are flagged in Chexsystems.

[Marv95]

I'm with a local/semi-regional credit union which allows me to use certain ATMs surcharge-free throughout the country.