Alternative Banking Issues #SituationSaturday

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#GetRealWoke Podcast

Fredrick D. Scott, FMVA®

41 episodes

5 days ago

The #GetRealWoke Podcast series is where Fredrick's free Financial Literacy and Business Development initiative #ForTheFree comes to life. Through discussions on starting and growing a business, credit health, personal finance, marketing yourself and your business, investing, due diligence etc... Fredrick will educate the community on the topics that matter most, assist the community in becoming more economically viable and prove, by example, that you truly can live good by doing good and that giving is the most important thing one can do in this life.

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Alternative Banking Issues #SituationSaturday

#GetRealWoke Podcast

31 minutes 13 seconds

4 years ago

Alternative Banking Issues #SituationSaturday

Alternative Banking Issues. Fredrick discusses the issues surrounding trying to use non-bank financial institutions such as Cash App, NetSpend, Greendot etc... to provide baseline banking needs. He discusses why some choose to do this and provides an overview of what chex systems is and how to get a chexsystems report. Finally, Fredrick looks at the fee structures and limitations from a quantitative and qualitative standpoint and shows why attempting to use these types of financial companies as an alternative checking account isn't a good idea. #GetRealWoke #ForTheFree #SituationSaturday #RealWokeCommunity https://fredrickdscott.com

Chex Systems Website: https://www.chexsystems.com

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Check out the articles that Fredrick has written for Entrepreneur Magazine https://www.entrepreneur.com/author/fredrick-d-scott

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