Comments on: Checks In Full Effects…

By: P.Villa

P.Villa — Sun, 18 Oct 2009 20:04:33 +0000

Hahaha…you guys make me miss the hood.

By: Alexwebmaster

Alexwebmaster — Tue, 03 Mar 2009 14:30:53 +0000

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write me here preonrelt@mail.ru

By: Shory

Shory — Tue, 01 Jul 2008 07:57:49 +0000

BANKS STEP YOUR GAME UP.

By: rafi

rafi — Mon, 23 Jun 2008 12:10:11 +0000

Robert,

Thanks for the comment! Before launching Checkmate we actually tried to shop the video around for sponsorship from a credit union or organization of credit unions. We thought it would be a perfect fit given how critical the video is of private banks.

I sent the video and a pitch to several blogging marketers who focus specifically on marketing CU’s. These were people who had blogged specifically about a minor YouTube hit that a Canadian Credit Union had put out. I was hoping for advice or a hookup.

Of the batch, only one responded. He was extremely positive about the video but couldn’t see making it happen with any of the CU’s he works with. The idea of sponsoring a web video too foreign for them.

But yeah I’m all for them in principle and I’ve been thinking it’s time to leave my bank and put my money where my mouth is.

By: Robert Thibault

Robert Thibault — Mon, 23 Jun 2008 00:57:31 +0000

Fantastic video! The best line I think is when Dallas says “If I die today, I win.” Really genius stuff. I would love to see a wiki with people’s comments on check cashing places.

As for me, I used a check cashing spot for years because I didn’t have a checking account. Then I discovered something better than even banks w/ATM fees: a CREDIT UNION!!! In a CREDIT UNION THE CUSTOMERS ARE THE SHAREHOLDERS! I am actually an owner of the organization. The community needs more CREDIT UNIONS, NOT MORE BANKS. And no I don’t work for a credit union, like Rafi, I work for a nonprofit organization.

Keep up the great work fellas!!!!

By: Kanemku

Kanemku — Thu, 05 Jun 2008 16:12:03 +0000

Debt: You know you want some

Cash rules everyting around me CREAM get the money dolla dolla bill yalllll!!! – man i’ve been bumpin that 36 chambers for the past two weeks now… i had a relapse lol

im gonna hit up a check cashing spot now… then hit the jewelery store next to it and get the jesus piece

By: Dumb-ass Pointer Outer

Dumb-ass Pointer Outer — Wed, 04 Jun 2008 19:58:34 +0000

Quote: “For a few years I was paying almost 3,500$ in overdraft and overlimit fees in my checking account each year.”

Hey dumb-ass… That’s called your fault. You don’t get overdraft fees unless you write checks without having money. Try keeping up with the register and your balance instead of blaming banks. Also… how in the hell do you get an overlimit fee on your checking? Did they say, “Oh, I’m sorry sir, you have too much money in your account.”

Wise up and quit blaming people and things that have nothing to do with your own stupidity and irresponsibility.

By: RichL

RichL — Wed, 04 Jun 2008 19:39:07 +0000

F-U-C-K / H-S-B-C
The Ultimate Check Cashing place would have a barber shop in it- now thats an idea =p

By: Alec

Alec — Tue, 03 Jun 2008 23:19:08 +0000

Hey, awesome video! One thing you didn’t talk about is the high instances of fraud that those places don’t catch, not being bound by the standard banking regs. I worked in banking for years, and believe me, Bankers hate those places, and not because they’re competing for business. It’s picking up the peices after a bank customer gets hosed by them.
Also, although I hate to actually defend big business, I’d like to address some of the things in your video. Keep in mind, this isn’t criticism, you’re basically hitting the nail on the head. But go into any bank and ask to see their CRA file. They’re required by federal regulations to show it to you, or direct you to the person who can, AND they MUST have a CRA notice displayed prominently in each branch.
The CRA is the act passed by congress that is, in theory, supposed to keep banks from discriminating against poor people. It’s the Community Reinvestment Act, and there are nasty penalties for noncompliance. I’ve sat through literally weeks of banking regulation classes, and 70% of the things customers complain about with banks is federally mandated. 10% is policies created to protect banks from fraud (of which there is much more than you think going on at any given time) and the rest is money grubbing jerkwad bank execs trying to build their golden parachutes and stroke the shareholders.
With the fees, believe me, the people who work in the branches hate them more than you do, mainly because that’s all they hear about day in, day out, and for every legitimate case of someone having a real problem, there are 20 people who spent more money than they had and know that they did, and think they can walk in, flip out, and get the fee back. It’s unfortunate too, because bankers aren’t the enemy, they WANT to give the money back to people who really need it, but they are generally only allowed to refund a certain amout, a certain number of times, and anything over that could result in disciplinary action.
Playing Devil’s Advocate though…when you go into a grocery store and buy $150 in food, but you only have $50 in your account, not only is that technically illegal, but who bought you the food? Not you, you couldn’t afford it. The bank bought it for you, and expects you to repay them plus the fee outlined in the fee schedule they are required to give you at account opening. And while banks DO have vaults of money, they do not have cash reserves equal to their deposits. If every bank customer tried to withdraw all their money on the same day, the bank would crash overnight. Banks are generally using your deposits and keeping them liquid, investing the hell out of your (and everyone else’s) money, making a bundle, and giving a small portion back in interest to customers.
Whew, long one. I’m not saying banks aren’t any less evil than other corporations, just that they actually have government regulatory commissions standing over their shoulder trying to keep them reasonably honest. (imagine if they didn’t!) Check cashing places, not so much on the watchdogs.
Keep up the good work!

By: achilles3

achilles3 — Tue, 27 May 2008 00:14:46 +0000

Drop it thrice on the free tees!