“Most black ppl aren’t smart enough to open bank accounts “- Kevin Hart in a room full of cacs

[Jean toomer]

for a philly nikka that grew up with a crack head father and a nurse mother in the hood - his disdain for the black working class and working poor is embarrassing

there's a certain leeway given to Black comedians to be subversive - but this is just embarassing

Congrats to him for parlaying his minstrelsy into wealth but for me it’s the idea that being able to open a bank account equates with intelligence is just so outlandish and juvenile in its thinking.
Surviving in the hood without adequate resources and protection requires next level intelligence. Poverty is hard to overcome in a society designed to keep you poor.

Very very sad.

 

[Lonj]

Those fees are less than transaction fees to cash a check

I wouldn't normally nikka please someone because you have a partial point. But nikka please. Respectfully lol.

The amount of digital banking apps without fees is at an all time high. Also, a lot if not most people don't have enough money or credit to cover basic shyt, for whatever reason, without occasionally borrowing money.

So you in a vicious circle of cashing your check in a payday loan place, that is right next to a liquor store, bar, fast food spot, and depending where you live, a weed dispensary.

The money be spent before it even hits your account. And when people are put in desperate conditions, it's much harder to be disciplined and rise above it. And that's just for one person. Add a family to the mix.

Present day bank fees sure, when Kevin was coming up (I'm a couple of years younger than him) which would be his reference point, no. I remember in my 20's when my money was funny, getting hit with like $90 in overdraft fees for purchases that totaled 10$ (I thought I had the money). You got a $400 check that's a 4th of your bread. Rather than take the hit I just went to Ahmed and cashed the check for $10. My account being in the negative the bank starts hitting you with compounding negative balance fees. Before I know it I look up I owe like $150 in bank fees. Now the best move would be to pay it off and be careful next time but maybe rent is due or something. That's how it starts. Your account gets shut down and you can't get an account at another bank now till you pay what you owe.

Now after banks got sued to hell and back they eased up on the fees so it ain't so bad now, but I was just arguing from Kevin's premise. Present day I don't think people are even cashing their checks at liquor stores like that.

 

[Fiji Water]

Present day bank fees sure, when Kevin was coming up (I'm a couple of years younger than him) which would be his reference point, no. I remember in my 20's when my money was funny, getting hit with like $90 in overdraft fees for purchases that totaled 10$ (I thought I had the money). You got a $400 check that's a 4th of your bread. Rather than take the hit I just went to Ahmed and cashed the check for $10. My account being in the negative the bank starts hitting you with compounding negative balance fees. Before I know it I look up I owe like $150 in bank fees. Now the best move would be to pay it off and be careful next time but maybe rent is due or something. That's how it starts. Your account gets shut down and you can't get an account at another bank now till you pay what you owe.

Now after banks got sued to hell and back they eased up on the fees so it ain't so bad now, but I was just arguing from Kevin's premise. Present day I don't think people are even cashing their checks at liquor stores like that.

Very true. I didn't consider that. A decade ago, overdraft fees were like 35 a pop and it'd be some shyt I bought for 5-10 bucks. And I totally forgot they charged more for being in red.

 

[CashmereThoughts]

Most people need physical access to the bank. They need the physical reassurance of their money’s presence. Are you going to set up an account with a bank that is all the way across town where you’ll have no physical access to it with expending a great deal of time and energy to get to it. Moreover direct deposit has real been a common thing for the past twenty years, when I was working retail around 2008-2010 when jobs really started offering it before then people were getting checks and many still are so physical access still matters.

I disagree that Most people need a physical branch. some people prefer that. but even in Major cities the banks are pushing you online, went into one of the flagship chases in Brooklyn and if its not wealth management, they had one teller and they directing most people to machines and to the app.

From what I see, its over for in person banking services, even business are going Card only so they don't have to deal with the case or go to the banks

 

[GreenGhxst]

Did anybody actually watch the clip and the context or are people just reading the headline?

explain it to us