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posted by takyon on Friday May 22 2015, @12:00PM   Printer-friendly
from the withdrawal-symptoms dept.

The Washington Post reports:

A dollar bill is a special kind of thing. You can keep it as long as you like. You can pay for things with it. No one will ever charge you a fee. No one will ask any questions about your credit history. And other people won't try to tell you that they know how to spend that dollar better than you do.

For these reasons, cash is one of the most valuable resources a poor person in the United States can possess. Yet legislators in Kansas, not trusting the poor to use their money wisely, have voted to limit how much cash that welfare beneficiaries can receive, effectively reducing their overall benefits, as well.

The legislature placed a daily cap of $25 on cash withdrawals beginning July 1, which will force beneficiaries to make more frequent trips to the ATM to withdraw money from the debit cards used to pay public assistance benefits.

Since there's a fee for every withdrawal, the limit means that some families will get substantially less money.

 
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  • (Score: 2) by Kromagv0 on Friday May 22 2015, @01:45PM

    by Kromagv0 (1825) on Friday May 22 2015, @01:45PM (#186442) Homepage

    Having never tried the get some cash option when I use my credit card I have wondered if it is just treated as part of the transaction or as a cash advance? I would initially assume that it is treated as just part of the purchase but don't know and if wrong don't want to pay the cash advance charges from the credit card.

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  • (Score: 2) by AndyTheAbsurd on Friday May 22 2015, @04:11PM

    by AndyTheAbsurd (3958) on Friday May 22 2015, @04:11PM (#186513) Journal

    (This may apply only to the US and non-EMV cards, my information is a couple years out of date at this point.) Only Discover allows cash back as part of a normal credit card purchase. For the other networks (Visa, MasterCard, American Express), you must do a separate transaction that is specifically marked as specifically a cash advance - and generally the only places that allowed to do cash advance transactions are banks (and maybe bank-like entities such as credit unions) and hotels.

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    • (Score: 2) by Kromagv0 on Friday May 22 2015, @06:39PM

      by Kromagv0 (1825) on Friday May 22 2015, @06:39PM (#186590) Homepage

      Thanks I didn't know that. This may be why I see it all the time at larger retailers when I pay as I have a discover card and just run everything through it every month (I even put a car on it once when dealers still would let people do that). It also gets paid off (current outstanding balance, not just previous statement balance) every month so it isn't like I am getting shafted like so many people who have credit cards. I also make it a point to always have about $40 in cash in my wallet for the odd place that is cash only so I have never really needed to take extra out.

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    • (Score: 2) by Pslytely Psycho on Saturday May 23 2015, @08:48AM

      by Pslytely Psycho (1218) on Saturday May 23 2015, @08:48AM (#186797)

      Chase bank does as well. I do it when I need cash as a small purchase I can get up to $150 back (at certain stores, I think it's actually $200 at Wallyworld) without the ATM fee. As I am a veteran, Chase waives all of the normal transaction fees anyway, unless I do it at an ATM that isn't one of theirs. Then I have to pay the ATM fee. So it is essentially a fee transaction for me. Best bank I ever used.

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