The use of a risk financial products.

Home Forums General Discussion 2020 Tax Season The use of a risk financial products.

  • This topic has 0 replies, 1 voice, and was last updated 5 years ago by Unclereem.
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    Unclereem

      I see a lot of complaining on here about green dot, Netspend, bluebird, whatever other Service that caters to high risk individuals. This is a factual generalization, not aimed at everyone as they’re always exceptions, But these products, their fees, or in the high risk individuals. Somewhere along the line the people that are targeted with these products have been a bank out of money somewhere. Whether intentional or not I am not judging. I am just stating a fact. Is it any wonder why they would wait until the last possible second to release money? Of course they are looking to make money. They are a for-profit business aimed at high risk financial individuals. Some of the online banks such as Chime has Fronted money since they know they will be reimbursed by the IRS. Some of these other companies have either not receive the money or have chosen to hold the money until it’s time to be released. One thing that everyone is forgetting is the IRS said mid April. I happen to bank with Bank of America I will check my bank tomorrow. If it’s not there tomorrow I’m sure it will be shortly there after.

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