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Let me make it clear about Big-Box Banking: Why the Unbanked Are Cashing Checks at Walmart

Walmart, Kmart, and most useful purchase are one of the big merchants offering consumers what exactly are referred to as “alternative monetary solutions”—allowing customers to cash checks, spend bills, and move cash without a conventional banking account. And hey, while individuals are into the shop cashing a check, it may be feasible they’ll certainly be tempted into buying one thing.

The Washington Post provides some stats as to that is expected to make use of services that are such and just why:

Based on a present government study, almost 30 million households either would not have a banking account or utilize one sparingly. Continue reading