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Direct deposit to replace U.S. checks
Kiplinger Report ^ | 29 April 2011

Posted on 01/17/2013 7:22:00 PM PST by MeneMeneTekelUpharsin

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To: Paladin2
It’s inefficient to have to have a back channel.

Can you quantify that? I believe that in some situations, it can be much more efficient.

/johnny

21 posted on 01/17/2013 7:49:13 PM PST by JRandomFreeper (Gone Galt)
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To: MeneMeneTekelUpharsin

Essentially, the Obama voters are the ones who get screwed, which would be okay, because they earned it with their vote. The problem is that they’ll complain and the Senate will pass a bill requiring that the rest of us also get screwed in the name of “social justice”.


22 posted on 01/17/2013 7:49:48 PM PST by ArmstedFragg (hoaxy dopey changey)
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To: MeneMeneTekelUpharsin

If one is an Expat, direct deposit is the way to go.
My SS payments come on the 4th of every month, like clockwork.
I can go to my online banking just after midnight, the 4th, and see that my money is there. There was one exception. I had a 4th of July payment that posted on the 3rd.
I have been on direct deposit for four years. It has been perfect into at first my European bank, and now my Philippine bank. When I moved here, I opened my Philippine bank account. The lady in the bank filled out the SS forum. All I did was sign it.
My very next SS direct deposit was in my new account.

No doubt, they will make arrangements for the mentally and physically impaired.


23 posted on 01/17/2013 7:50:46 PM PST by AlexW
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To: MeneMeneTekelUpharsin
The government is cheating people. Even if the people are ignorant and stupid, it is an outrage that the government is cheating them.

Since about 1912. Welcome to the party.

/johnny

24 posted on 01/17/2013 7:50:46 PM PST by JRandomFreeper (Gone Galt)
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To: MeneMeneTekelUpharsin

It’s not cheating them if it’s a handout


25 posted on 01/17/2013 7:52:59 PM PST by MNDude
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To: MeneMeneTekelUpharsin

Finally - something this administration is doing that I agree with. this is long overdue. I love direct deposit and autoamtic payment of bills. I have better things to do with my time than deposit government checks.


26 posted on 01/17/2013 8:02:04 PM PST by plain talk
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To: MNDude
It’s not cheating them if it’s a handout

Well, maybe you have a point. Don't agree with most of the payments anyway unless the recipient is elderly, poor, disabled or mentally-challenged.

27 posted on 01/17/2013 8:05:03 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: MeneMeneTekelUpharsin

Use the frozen and lost money to pay on their Obmamaphone bill.


28 posted on 01/17/2013 8:11:14 PM PST by WKB ( Remember "Bush Lied and People Died" Now it's "People died and Obama Lied")
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To: MeneMeneTekelUpharsin

Small potatoes to be worried about when you should be impeaching DC.


29 posted on 01/17/2013 8:36:15 PM PST by Bulwyf
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To: MeneMeneTekelUpharsin

http://freebeacon.com/widespread-welfare-fraud-in-massachusetts/

19,000 welfare recipients in MA were receiving checks in the mail that apparently didn’t exist(the people)- $7.6 million every month.

I’m OK with direct deposit to stop even a portion of this crap.


30 posted on 01/17/2013 8:42:52 PM PST by libertarian27 (Check my profile page for links to the 2011 & 2012 FR Cookbooks- Enjoy)
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To: dsrtsage

I agree. It’s really been no big deal for me. Haven’t had a check book in almost 7 years. Pay my bills on-line, payments come to me by direct deposit and never paid a fee to the credit union where I bank. I understand some people haven’t been able to get a checking account lately though because they now run a credit report and verify SS#’s and addresses. Of course I’m sure some of these same financial institutions also launder money - but that is another issue entirely.


31 posted on 01/17/2013 9:39:51 PM PST by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: MeneMeneTekelUpharsin

Most checking accounts are free with direct deposit and they have online bill pay so you can pay your credit card bill with them

Checking debit cards do result in fees so I stick to a CC.

I assume this is to save money which it does.
My pay stub is electronic, and W2.

There is a problem with older disabled who cant use a computer trying to cope with this.


32 posted on 01/17/2013 9:58:41 PM PST by sickoflibs (Losing to O is NO principle!)
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To: dalereed

the rest of the world leapfrogged past cheques. They cost banks a lot to process and take ages compared to direct transfers. why africa even has mobile phone banking


33 posted on 01/18/2013 1:20:29 AM PST by Cronos (Middle English prest, priest, Old English pruost, Late Latin presbyter, Latin presbuteros)
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To: Cronos

I won’t have a stinking smart phone either!!!

I use a dumb phone and we have texting blocked on our phones, the dumbest thing ever thought of!

No god damn way will i use a debit card!


34 posted on 01/18/2013 1:40:46 AM PST by dalereed
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To: MeneMeneTekelUpharsin

I’ve actually had that debit card for over a year now and the only fees are if you remove cash from the card at your bank. I do only one cash transaction a month at the bank so I do not pay any fees. If you use the card at the grocery store and get cash back there is no fee. Plus, any left over funds at the end of the cycle are not cleared out, the new amount is just added on.


35 posted on 01/18/2013 2:16:09 AM PST by tinamina
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To: MeneMeneTekelUpharsin

The VA was pushing the Direct Deposit for travel pay benefits. Problem was that we can’t deposit on the Direct Xpress cards. So you either had to have a bank account or get a money card. Some vets have been unable to set up the cards because they can’t get the routing number without having online access. Since about December the VA has decided to continue to send checks.

I’ve had direct deposit since I first put on a uniform in the summer of 1972. It came in real handy in the fall of 1978 when the the government didn’t pay us and my bank made the deposit anyway out of their funds.


36 posted on 01/18/2013 2:42:47 AM PST by DaveArk
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To: dalereed

I won’t work for a company the doesn’t DD. Why wait in line? Why hassle with signing, waiting in line, and then put in a checking account where it has been (with DD) since midnight?


37 posted on 01/18/2013 2:44:40 AM PST by Safetgiver ( Islam makes barbarism look genteel.)
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To: tinamina
Plus, any left over funds at the end of the cycle are not cleared out, the new amount is just added on.

Good. That answers that question. Was wondering if they could just clear someone's funds out.

38 posted on 01/18/2013 4:08:24 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: MeneMeneTekelUpharsin

- Check now with your own bank now!

Banks are reporting on Tuesday December 3rd, 2013 that Direct Deposits of your Social Security payments for December 2013 are not being received from the US Treasury.

As of 10am EST banks are receiving huge amounts of telephone calls and internet site inquiries because their bank accounts are not receiving their regular Social Security Direct Deposit amount credited to their bank account.

- Caution - Obama has warned that US citizens may not receive their SS payments.

Obama and his incompetent thugs cannot set up and run a website after spending over six hundred million ($600,000,000) dollars to the relatives and friends of Michelle Obama and Valerie Jarrett to set up a website.

NEVER LET A CRISIS GO TO WASTE - Rahm Emanuel - Obama’s former White House Chief of Staff

Where is the money golfer?


39 posted on 12/03/2013 7:46:12 AM PST by devolve (- "He's (Obama) just 'too talented' to do what 'ordinary people' do." - "All this for a damn fag!" -)
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- Several states are now reporting that SS Direct Deposits are now being deposited at this time — I have some contacts looking into this now -

The lefties have designs on your 401K and IRA accounts - their master plan is for your retirement funds (and any inheritances) to be “invested” (grabbed/confiscated) by the US Treasury and they will happily dole out an amount they feel is “fair” return as American citizens are simply just too stupid to invest their retirement funds themselves.


40 posted on 12/03/2013 10:33:10 AM PST by devolve (- "He's (Obama) just 'too talented' to do what 'ordinary people' do." - "All this for a damn fag!" -)
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