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

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.
Posted by: RICHIE NAP | June 19, 2008 4:38 PM