Everyday Low (Banking) Prices

Why hate Walmart?

Walmart is a good friend to the poor.  Low prices.  Wide selection.  In metro Detroit's inner ring of suburbs you will find Walmart frequented by Blacks, immigrants, the working poor and other smart shoppers.

I like shopping with them.

The liberal bigots of America despise Walmart.  Why?  Their illusions are not served by Walmart's truly helpful low costs.

Now a real boon to the poor is being introduced with inexpensive banking products. 

Liberal bigots like to point to diversity brochures.

With much greater meaning, Walmart serves our country's living, breathing, shopping diversity of real people who have a real need for cost saving in their real lives.

The real world that shops at Walmart is well served by Walmart.  It's time to start loving that store.  PB
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From NYmag.com:

It is expensive to be poor...

Have a healthy paycheck and a cash buffer built up?  It costs you close to nothing to maintain your checking and savings accounts.

Live hand-to-mouth, cashing your checks and taking out payday loans?  You get hit with fee after fee as well as three-digit interest rates.

Enter wallet-friendly retail giant Walmart.

This month, the big-box store is unrolling a low-fee checking account across the country.

The response on the left, at least, has tended to be skeptical: a “new scheme to prey on America’s poor,” an “awful idea,” and so on.

But the big-box retailer — and the competition it might pose to banks and other financial institutions — might help make banking accessible to millions of currently ill-served low-income families...

Walmart and Green Dot have made their fees low and simple. They have targeted the low-income families that banks so often eschew and the unbanked families that banks generally ignore.

Already, Walmart has become an important financial-services center for those families, with its dirt-cheap fees for things like check cashing.

It is also not hard to see how over time they might begin to chip away at banks’ broader customer base or force banks to lower fees and compete a little harder to keep their customers.
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Link: http://nymag.com/daily/intelligencer/2014/10/everyday-low-banking-prices.html