AARP's March, 2008, Bulletin disclosed that Social Security will be providing monetary benefits on recipient debit cards.Participants will receive a MasterCard debit card (secured with your own personal identification number--PIN) that will be reloaded each month with benefit payments. Many believe that this form of payment is faster and safer than delivery by mail.
Warning: Watch out for usage and ATM fees. Also, keep track of your spending.
4 comments:
Great post, Susan. Hadn't heard about this. Sounds like a good idea. My husband just got his "Flexible Spending Account" dollars sent to him on a debit card. We're becoming a paperless society!
Becky
I think I'll stick w/direct deposit.
Hi Becky,
They are testing this in 4 states. Maybe it'll be in California soon. Thanks for the response!
Sue
Hi Diane,
If direct deposit works for you...nuff said! I personally haven't used a debit card yet.
Sue
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