UPS Check (Cheque) Card

Discussion in 'UPS Discussions' started by LKLND3380, Jul 17, 2007.

  1. LKLND3380

    LKLND3380 Active Member

    Did anyone else get hit up to cancel your current payroll (paper or electronic) and sign up for a UPS Check Card?

    Seems that we can have the option to use this ATM card that UPS will deposit money in... I see it as a way for UPS to collect interest on our money since it doesn't leave their account until you use it... Then you get hit with a fee for each charge you make and I would imagine UPS hets a percentage of that as well...
  2. wornoutupser

    wornoutupser Well-Known Member


    That sounds like the good ole company store to me.

    UPS wanted to try that in the last contract. It was called a violation of the Railroad Act of 1800 something then. Here we go again!
  3. wornoutupser

    wornoutupser Well-Known Member

    Hey Lakeland,
    What is up with the sudden moves in our area for management? It appears that there were moves across the entire division.
  4. toeknee2gx

    toeknee2gx New Member

    Its much cheaper to issue electronic advices w/o stubs and it will save alot of paper and money. I like the idea because it will allow those who dont have checking accounts or dont want one, to have a sort of "direct deposit" when they go on vacation or miss work. I get alot of people in that situaion that work in my area.
  5. LKLND3380

    LKLND3380 Active Member

    Yeah but UPS is collecting interest on YOUR money and you are paying UPS a percentage each time you buy something with that card...
  6. LKLND3380

    LKLND3380 Active Member

    The business managers?
    NameFromToTom PeelerSt. PetePt. RicheyTom Acquaviva Lake WalesBayshoreNeil PostBayshoreSt. PeteCharlie O'NeilPt. RicheyLake Wales
  7. swing_drv

    swing_drv Member

    So do the Banks so whats the problem?
  8. Raw

    Raw Raw Member

    Very familiar names......
  9. gandydancer

    gandydancer New Member

    Good point, but it just sounds like a bad deal. Plenty of banks will give you free checking, free checks, online billpay, a savings account, and a place to go to get at your cash if you lose the ATM card, in return for direct deposit.
  10. LKLND3380

    LKLND3380 Active Member

    Banks pay YOU interest on YOUR money...
    UPS collects interest on YOUR money until you use it...

    Banks are competitive on fees they charge YOU...
    UPS says this is your fees for using the card...
  11. athena

    athena Member

  12. athena

    athena Member

    Do you know that there would be a charge for using an ATM? Are they not going to work with a bank to help avoid this charge?
    Last edited: Jul 19, 2007
  13. brett636

    brett636 Well-Known Member

    I haven't been asked to switch over to that, but I have worked at other places who had that option. Its a screwjob because you have to pay fees to access your money. Usually the first withdrawal is free then they charge for each time you use it afterwards. So you have to withdraw all your money from the ATM at once or let your paycheck get eaten up by fees. Thats why having a bank account is mandatory if you ever plan on getting ahead in life.
  14. blue efficacy

    blue efficacy Active Member

    I thought the retailers paid the fees associated with using a check card.

  15. Wrong. Like Toeknee stated, the motivation for this would be that UPS saves payroll administration money on this; they don't "make" money. Payroll funds would exit UPS's accounts just as they do today. The difference is that funds would be paid to a 3rd party administrator (who will charge UPS a fee) and they will manage the employee's account.
  16. LKLND3380

    LKLND3380 Active Member

  17. athena

    athena Member

    First, if they didn't charge me the first time, I would just take all my money out the first time and then voila, I don't have to pay. It's not like a cash my paper check in parts, I get the money all at one time.

    Second, I must be an exception to the rule (as well as a few others I know) about needing a checking account to get ahead in life. I will soon have my doctorate degree (already have bachelors and masters) and be making great money at something I love to do. Funny how not having a checking account hasn't stopped me one iota.
  18. athena

    athena Member

  19. traveler

    traveler Where next? Venice

    Not to disparage you education but you do need some help in practical financial matters. Every employer, as far as I know, MUST provide a place (bank or otherwise) where you can cash your check at no cost to you! Unless the laws have changed since I retired, that is still the case.

    PS: I should not have to press 1 for English :mad: ...

    My travel agent has an automated system that continues in English after a short message in Spanish asking those folks to press "7" for information in Spanish. :thumbup1:

    I have no problem with that in the USA. :wink:
  20. athena

    athena Member

    Two things, 1) I am not studing finance/business etc. which would lead to me knowing this and 2) I am around highly educated people all the time, you are the first to ever mention this. So don't worry, you are far from disparaging my education. That being said, I will look into it. Usually I just use the bank the check is drawn on but I can't do this with my UPS check as the bank is not close to where I live.

    This was meant to make a point. It was in response to other tag lines. I could care less if you have to push 1. I think white people (especially white males) are desperate to hold on to the control they currently have. As there are a growing number of minorities, they are being seen as a threat and one response is to try to control and dominate them. There are other solutions. Like for example, if a Spanish-speaking individual must learn English than and English-speaking individual should learn Spanish. There are too many Spanish-speaking individuals in this country and on their way over to ignore/control them any longer. Most citizens of first world countries already learn at least their native tongue and English and typically at least one other language. America is already low enough on the education totem pole, pressure for our children to learn other languages will only benefit this country.