• DerisionConsulting@lemmy.ca
    link
    fedilink
    English
    arrow-up
    19
    ·
    4 months ago

    You are not required to put money into an account with a financial institution, but it does make basically everything in life easier if you do.

      • DerisionConsulting@lemmy.ca
        link
        fedilink
        English
        arrow-up
        14
        ·
        4 months ago

        That will depend on the laws where you live.

        Where I live, the employer needs to get permission to pay you electronically, and they can pay by cash, cheque, or direct deposit.

        If you don’t consent to electronic means, they are likely going to pay you by cheque. You don’t need an account to cash cheques, it is just much more of a burden.

          • DerisionConsulting@lemmy.ca
            link
            fedilink
            English
            arrow-up
            9
            ·
            4 months ago

            That is part of the burden I previously mentioned. If you are being paid by anything other than cash, it is less expensive to just have a bank account.

            Some credit unions will allow you to cash cheques issued from their accounts in person without a fee, some institutions will cash their own cheques with a fee, and your final option is the predatory loan places.