Social Security Debit Card

The Wall Street Journal reported Friday that The Treasury Department is set to offer a prepaid debit card for Social Security recipients. The Treasury Department has chosen Dallas-based Coamerica Bank as the card issuer.The report said the card is targeted at Social Security and Supplemental Security Income recipients who don’t have bank accounts, and is also aimed at providing cheaper and more secure payments by shifting away from paper checks.

Source: www.reuters.com