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by chii 994 days ago
In a place like that, the banking infrastructure must be really poor.

And as a consequence, anyone who can improve this banking infrastructure can reap the rewards from this infrastructure.

1 comments

The US would be included in that category. The problem is that NSF fees are legal, and when you're close to the edge of your money, the payroll company having a problem and taking an extra day to deposit your paycheck, or two extra weeks at the start of a new job, means that the bank account gets hit with several NSF fees that you can't ever pay back, so you just have to let the account get closed for being overdrawn.