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Debit Cards for Everything

Both the state of Florida and the federal government are getting into the business of issuing benefits loaded on a debit card, rather than by a paper check or an electronic deposit into your account. The government saves millions. Comerica Bank, which will issue Social Security debit cards, makes money. But for Social SecurityDisability benefit recipients, there are fees and difficulties. Its 90 cents if you want to make more than one withdrawal a month. Go to an ATM
that’s not part of Comerica and you may pay surcharges. And how do you use the money to
pay the electric bill? I don’t see the “win” for consumers here.

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Comments

It is a shame how the poor get beat up on. If you cash
a check in the bank they charge 7 dollars or more when its on there bank. Now
they are doing you a favor
at cost they can't afford when you have nothing. NO
THANKS.

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You've got the job of managing your money. No one in school taught you how.

But you and I, we can teach each other, how to handle it, how to save for retirement, how to make money... < More >

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...< More >

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