Posted on 06/20/2007 8:42:58 AM PDT by gas0linealley
Wal-Mart (WMT - Cramer's Take - Stockpickr - Rating) jumped into the consumer banking wars with a plan to open 1,000 Wal-Mart MoneyCenters in stores nationwide by the end of 2008.
The idea is to give Wal-Mart customers access to low-cost money services, including check cashing, money orders, bill payment and money transfers.
(Excerpt) Read more at thestreet.com ...
I don’t know that it has to do with illegals, exactly. There are a lot of low income Americans that don’t have enough money for a bank account, who throw away hundreds each year on check cashing fees. When I was a teenager, I used to cash my check at the grocery store.
I think WalMart is offering a much needed service.
Also, I’m betting their employees will be this banking service’s best customers...
I agree with you..... Good for Wal-mart!
I was in a long line at the service desk at a WM a few weeks ago to get my core charge for some batteries refunded. Most everybody in front of me was there to send money “home”.
Good for them.
WalMart Ping!
A lotof people I know who work in the poultry industry use WalMart’s check cashing srvices every week. They charge a flat $3 to cash the paychecks, regardless of the amount. Far better than the payday loan places that charge a percentage of the amount of the check.
I wonder how exactly WalMart will engineer this to leverage their Chinese affintity?
Chinglish speaking tellers talking to Spanish speaking illegals?
I know many Americans that for some reason or another need to use services like this.
Some don’t trust banks and rather cash there checks at one of the check cashing places that charge a fortune,others can’t get a bank account,because they either owe the bank money or they over drew their accounts to much.
Yes - Good for Wal-mart. Big banks need better competition. No more of the the 20% profit, while everyone cries that big oil makes 9%.
Yup. And where do the homies go to receive payment? Don’t tell...Walmart?
Which labor union do you belong to?
“This has nothing to do with illegals so leave them out of this discussion.”
Until they’re all deported that will be impossible.
“Which labor union do you belong to?”
You assume. Your assumption leaves your ignorance for all to see.
This will further bolster their plan to be: “BigWally...all you really need in life.”
I recently read that Chinese automaker, Chery, will soon be making cars in Mexico, and plans to market them here...through Walmart, I wonder?
Cool! This should pi$$ off all the right people :)
I don’t know that it has to do with illegals, exactly. I think WalMart is offering a much needed service.”
Wal-Mart has figured out how many illegal intruders send $$$ back to Mexico on Western Union each and every day. They are getting on the bandwagon, and getting a price for doing so.
If you live anywhere near a Western Union outlet- many are now inside nationwide drug store chains you would recognise—spend a couple of hours there on a Friday or Saturday and watch the lines of illegals sending money out of the USA economy.
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