A question about a neighborhood on the edge. "A check cashing place just opened near my home in Atwater Village. Is this a sign we're degentrifying?? ...and how many times do i have to egg it to make it leave?"
Check-cashing joints get a bad rap. What exactly is their crime? Would we prefer a "legit" bank like US Bank, one that ties all sorts of strings to "free" checking, holds deposits up to 30 days and charges $45 for overdrafting?
When long-term banking fees exceed instant check-cashing fees, it's no wonder 20 percent of Americans decide to remain unbanked. I, for one, support them.
Don't worry, gentrifiers. There's still hope for The Home Depot.