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Many NYers Who Need Stimulus Checks The Most Face High Fees Just To Cash Them

Many NYers Who Need Stimulus Checks The Most Face High Fees Just To Cash Them

More than three million New York City residents are getting Economic Impact Payments through the . Most are receiving direct deposits to their bank accounts, and a batch of payments were sent this week as.But for an estimated who don’t have bank accounts, paper checks are an added expense. In New York state, check cashing businesses . Experts say that’s a real burden on low-income people, those least likely to have a bank account, or what’s known as the “unbanked.”“A family of four getting their checks will have to pay over $127 in fees,” said Jonathan Mintz, president and CEO of the Cities...

March 25, 2021
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