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First of all you don't need a bank account to cash tax refund checks. Most banks honor them and will cash them even if you don't have an account there, just have to have ID.
You are right..it is a US Treasury check. Almost all banks honor those without having to have an account.
Just send straight cash in an envelope... I prefer small bills.
Not creative enough. How about a matching-debtor program? You overpaid and are due a refund, but it's too costly to send you one. Instead, please contact the following neighbor of yours who is in arrears and have him pay the difference directly. Brillant!
Yes, most banks that the corporations use do charge them fees for paper checks being issued. As do most payroll companies like ADP for example. Electronic Transfers are a lot easier to keep track of and since the money is directly deposited, there is no worry about reconciling books because someone didn't deposit their check in a timely fashion. That is perhaps the most annoying thing when you work in Finance. It is hard enough to reconcile the books but when someone loses a check and you have to stop payment and resend one, there are always fees incurred. My credit union is out of state, does not do shared branching so if I do get a paper check, I have to mail it to them. Very inconvenient so you can bet I would rather not see a paper check if at all possible.
We did have a 2 day glitch one time. The first time in many years. But the problem was rectified and we received our Direct Depost, albeit 2 days late...
First of all you don't need a bank account to cash tax refund checks. Most banks honor them and will cash them even if you don't have an account there, just have to have ID.
That's right..the IRS said too many tax changes came too late in the year (2010) for them to get the changes done.
That's the official stance.
Or you can believe that the Treasury has no money and has to wait for Uncle Ben to do his next QE purchase.
Do you feel with the tax changes that everyone will get a larger refund check ( if any ) or that the changes have no bearing on the 2010 tax year we file for ?
Not creative enough. How about a matching-debtor program? You overpaid and are due a refund, but it's too costly to send you one. Instead, please contact the following neighbor of yours who is in arrears and have him pay the difference directly. Brillant!
Holy cow, that's an awesome idea...
And if my neighbor doesn't have the funds right away, I'll just put on my long brown leather coat and go next door to menacingly demand that he pay me the vig for the week.
"You better kick up 10 large, or you're losing fingers, snapperhead...Frickin' deadbeat."
And that could give a lot of us the on-the-job experience we need to succeeed in loansharking. So this could count as a job creation program as well...
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