[kevin_thibedeau]

We already have social credit for banking in the US as the poor don't get to have bank accounts. In a twisted way this helps maintain support for cash and non-app card payments for businesses and public services that can't shut out the poor.

[dinkumthinkum]

Poor people have bank accounts. That sounds like how some people think 15% of the population is not smart enough to know how to get drivers licenses. Now, some people choose not to have bank accounts because they worry about overdraft fees. But show me any significant amount of poor people that go to the bank for a free checking account and the banks say “No go away you poor, get out of here.” It’s not a thing.

We don’t have anything like a Chinese social credit system yet.

[silverquiet]

> Having a ChexSystems record could make it difficult to get approved for new bank accounts.

https://www.investopedia.com/what-to-know-and-do-if-you-re-l...

[dinkumthinkum]

Ok, go back and reread that. Where does it say “poor people” or people with low income will not get a bank account? It doesn’t say that. Despite what some people, being poor doesn’t mean you don’t have any kind of sense of responsibility. Also, linking to some article doesn’t negate the weight of reality, poor people all over the US have bank accounts and get them every day. Does that mean there’s not a single bank in the YA that turns away customers? No but if it was really so bad that poor people can’t get bank account, direct deposit systems wouldn’t exist in such prevalence and iy would be major news.

This is just like how many people in major news outlets now claim people are hijacking others and stealing their cars because of the high price of automobile and they need to steal the cars to get to their jobs and to the bread store. It’s a leftist caricature but now how the world actually is.

[silverquiet]

I mean, it's why the poor people I know can't get bank accounts; in fact, it's the only reason I know why the system exists. Ever wonder why so many places advertise check cashing services (for a fee obviously), a service that your bank gives you for free? Those payday lender places don't just do predatory loans, they also have things like prepaid debit cards (also for a fee) that those who aren't able to use the banking system (usually because a few overdraft fees get out of hand) can use to interface with modern society. As I said, I've had to navigate friends/family through this, so I've got a pretty practical grasp of the system.