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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, Informative) by Anonymous Coward on Friday May 22 2015, @02:28PM

    by Anonymous Coward on Friday May 22 2015, @02:28PM (#186465)

    Hell in the US you will pay not only the ATM for the privilege but you will pay your own bank as well.
    Standard ATM fees are 2-3 bucks for the ATM and 2-3 bucks for the bank. I have seen the ATM charge as much as 8 dollars before though, as many people don't pay attention and just hit accept.

    You can avoid some charges if you use your own banks ATM. My bank gives me a free transactions at its own ATMs, and three free "foreign" ATMs visits a month.

    Hell I have even heard of some banks charging fees for going to the teller.

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