Ohio Target for Social Security Prepaid Cards

We recently informed you in one of our posts about the use of prepaid cards as a method of payment for Social Security. Recently, as this article mentions, Ohio has become one of the states that the U.S. government wants using their prepaid option. Currently, those who use paper checks sometimes pay up to $25 per check in order to have it cashed. Alvina McHale, spokeswoman of the U.S. Treasury Financial Management Service, released this statement:

''You [Ohio] are clearly at the top of our lists in terms of states we want to reach out to''

The reason for Ohio as a target is because the state is ranked 5^th highest for the number of individuals who still use paper checks instead of alternative forms. In another statement McHale also informs citizens that:

“Any Social Security recipient, including those who already get payments directly deposited into their bank accounts, can request the debit card, but the ''unbanked'' recipients are being targeted”

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New Payment Method for Social Security Payments

For Social Security and other federal benefits, the U.S. Treasury has decided to offer an alternative for paper checks in the form of the Direct Express Debit MasterCard as announced in this article from CCH. The main purpose is to offer individuals who do not have a bank account a safe way to receive their money. The offer will be made available to only ten states initially with a nation wide release set for later this summer.

Judith Tillman, a FMS commissioner made this statement:

"People without bank accounts now have a user-friendly, practical alternative to paper checks for their monthly federal benefit payments. We know that many check recipients are eager for a card-based option for their federal benefits, and we are confident the Direct Express card will provide many Americans an important entry point to the financial mainstream."

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