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It is called the personal safety Direct Express card, and it is a prepaid debit card that enables you to access and employ your Social Security advantages. The card is serviced by Comerica Bank, which will be located in Dallas, Texas. п»ї п»ї
You donвЂ™t desire a bank account to have the card or even access your funds, that makes it a choice that is good youвЂ™re perhaps not just a bank consumer. Having an immediate Express card additionally eliminates high priced check-cashing costs charged by check-cashing venues. You need to use the card anywhere that takes MasterCard debit cards.
That is Entitled To the Personal Safety Debit Card?
Anybody getting Social Security or Supplemental protection money benefits is qualified to utilize this card. п»ї п»ї
As itвЂ™s a prepaid debit card, you are able to just make use of your Direct Express personal protection debit card when you yourself have funds in your bank account. When youвЂ™ve invested or withdrawn your entire balance that is account youвЂ™ll need certainly to watch for your following month-to-month disbursement to utilize your card once again.
You simply cannot deposit individual funds onto the card. You need to start a split bank or prepaid credit card to deposit personal funds.
How Can It Work?
The federal advantages are compensated straight to your card on your own payment that is monthly date. You wonвЂ™t need certainly to watch for a check to reach within the mail. When you have another banking account, you are able to move the funds into another bank account, but you will pay a $1.50 fee for every single transfer up to a U.S.