Debit Card Fees Hit Unemployment Benefits

February 5th, 2010 admin

Topics: main street, sander levin, unemployment, Working America

Increasingly, things like unemployment benefits are being distributed on prepaid cards that act like debit cards. In many cases, that’s convenient for the recipients. But these debit cards are Visa or Mastercard. Think about the fees you pay on your Visa or Mastercard. Now imagine that those fees were coming out of unemployment benefits you were barely scraping by on to begin with. You see the problem? Rep. Sander Levin has proposed a bill that would fix this . The act would: Require beneficiaries have the option of receiving benefits through direct deposit; Ensure that all recipients receive one free ATM withdrawal and one free bank teller withdrawal per deposit; Prohibit fees for balance inquiries or card …

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Originally posted on Working America

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