Posted on 03/10/2011 6:23:31 PM PST by fuzzybutt
Just wanted to warn everyone that there is a MAJOR scam is being perpetrated against employee’s nation wide. It is scam totally designed to loot the paychecks of employees. Let me explain why. My wife works for a large corporation that as of this week stopped handing out paychecks. Now you get your pay on a "Money Network" Visa card. Now on the surface this sounds great but like most things sold as a lie it has a dark underbelly.
There are hidden charges for everything and everything about the program is designed to make it near impossible to actually use or access your money. You are even charged if you call for tech support! You can only remove cash without fees from "authorized ATM's" and you guessed it, there are only 16 in the entire county and it is 3 miles to the nearest one. It is virtually impossible to get your pay and I know there used to be laws against such things but not any more I guess.
Do a Google search on "Money Network" and there are endless stories, postings & complaints about this underhanded & immoral flimflam. The only positive things you will find are the ones posted by the company and like everything from Democrats it is all lies. Need to move cash to your personal bank account? They hold the funds for almost a week. Need money from an ATM, get a paper statement or even if you check your account balance they charge you.
Now for the real kicker, even though this is a Visa debit card; VIRTUALLY NO STORES WILL TAKE IT AS SUCH. That’s right stores actually refuse to accept the card as legal tender. They must know something the rest of us do not know.
You got it:) LOL! I think of them as "super idiots"!
I smell a class action suit brewing.
I have the card now. I work for Steak’n Shake, and the card does charge me for spending my own money. I only use it when I need to eat on my breaks because it takes so long to transfer my money to my bank accout, I have to wait a few days for all of my money to go through and only leave like $50 on my Money Network card to last me the week, and the direct deposit takes so long. But I hate that I can’t spend my own money without losing more money. I have no idea who came up with this whole system but it sucks.
This is illegal. Employers are required to pay a person directly and not a third party. Most, if not all States, have laws about having to pay to receive pay.
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