Social Security Debit Cards To Be Issued To Those Without Bank Accounts

Social Security Debit Cards To Be Issued To Those Without Bank Accounts

The government plans to announce today that it will offer MasterCard debit cards to the estimated 4 million Social Security recipients who don't have bank accounts.

Instead of getting a paper check, a recipient's monthly benefit would be electronically transferred, at no cost, to the debit card's balance. Using the card to make purchases would be free, as would one ATM withdrawal a month.

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