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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...…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...WW…
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