Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Direct deposit to replace U.S. checks
Kiplinger Report ^ | 29 April 2011

Posted on 01/17/2013 7:22:00 PM PST by MeneMeneTekelUpharsin

Paper checks will be abolished for all federal benefits, including Social Security, eventually, but people who currently receive checks will have some extra time to adjust to the new rules. Individuals who apply for Social Security, Veterans Affairs or other federal benefits on or after May 1, 2011, will have to select an electronic payment method -- either a debit card that will be reloaded each month or direct deposit to a bank account. The direct deposit option, which is safer than a check and involves no fees, is the best option for most people. But current beneficiaries who receive monthly checks will continue to receive their benefits in that form until March 1, 2013. After that, they must select an electronic payment method.

Although here are no set-up or maintenance fees with the Direct Express debit card, you will pay 90 cents for ATM withdrawals beyond one free withdrawal per month (in addition to any fees for out-of-network ATMs). You’ll also be charged $1.50 for each transfer made from the debit card to a checking or savings account. See the Direct Express Web site for more information about the card fees.

(Excerpt) Read more at kiplinger.com ...


TOPICS: Culture/Society; Government; News/Current Events
KEYWORDS: checks; directdeposit; federal
I know this is old news, but the details are not looking good. It looks good on the surface, but spread the word. It is a huge ripoff. First of all, a very large percentage of government benefit check recipients are financially irresponsible (I know that's a shock to you.). They have been unable to maintain bank accounts due to the inability to follow the rules banks impose on accounts and that pesky thing about paying one's fees, etc.

Those individuals not having a checking account are going to be in for a big surprise (obviously planned by the government). They will not be able to get a debit card from their bank and will have to accept the government-issued Direct Express Debit MasterCard. These government cards will only work in an ATM machine if the holder does not have a bank account. The ATM machine will only allow withdrawals in multiples of $20. So, if the amount does not come out on an even $20 break, the card holder will see funds trapped in the debit card account which the holder can NOT withdraw (since the holder does not have a bank account to which those funds are deposited or can be deposited).

Furthermore, each time a withdrawal is made, the ATM will charge a fee anywhere from .90 to $3.00 per transaction (depending upon the bank) after the first free one on that withdrawal or transfer. Also, at then end of the month, it is rumored that the money on the card will be cleared in order to deposit the new incoming benefit check. So, if there is a small amount left that is not a multiple of $20, the benefit check recipient loses those funds in addition to being charged a fee each time (s)he withdraws money.

People voted for the government that is doing this to them. People get the kind of government they deserve.

1 posted on 01/17/2013 7:22:06 PM PST by MeneMeneTekelUpharsin
[ Post Reply | Private Reply | View Replies]

To: MeneMeneTekelUpharsin

It’s also a case of, if the government claims you got your cheque, then you got your cheque, regardless of if you did or not.


2 posted on 01/17/2013 7:25:32 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin

If the gov’t can monitor all transactions (no cash - make everything electronic), more (all?) Liberty is lost.


3 posted on 01/17/2013 7:25:49 PM PST by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin
Getting money from the government means that the money came from someone's pocket.

I'm less than concerned about folks drawing a check from the government.

BTW, there are some folks that don't have checking accounts because they don't want them.

/johnny

4 posted on 01/17/2013 7:26:31 PM PST by JRandomFreeper (Gone Galt)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Paladin2

What I don’t understand is the lack of outrage over paying fees to get the money and funds being trapped in the account. I guess when it starts happening some will begin to complain. It looks like a large portion of the sheeple only pay attention to immediate gratification and entertainment.


5 posted on 01/17/2013 7:28:03 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Paladin2
In thousands of years, the black markets and smuggling have never, ever been stopped by governments.

There will be a new set of techniques, and things will move on as before.

Have faith in humanity not just 'taking it'.

/johnny

6 posted on 01/17/2013 7:29:59 PM PST by JRandomFreeper (Gone Galt)
[ Post Reply | Private Reply | To 3 | View Replies]

To: MeneMeneTekelUpharsin

I get my SS payments by direct deposit to my bank account now. I chose to do so because I save postage and it arrives into my account about a week earlier.

But I can see that this could be a real problem for those without the option of doing it that way.


7 posted on 01/17/2013 7:32:15 PM PST by Cicero (Marcus Tullius)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin
For some reason I have the uneasy feeling that the IRS will figure is this to do automatic withdrawals for Taxes. With or without your approval.
8 posted on 01/17/2013 7:33:17 PM PST by SandRat (Duty - Honor - Country! What else needs said?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin

When I was in the service in 1985 they were pushing everyone hard to get direct deposit. There were a few hold outs but most of us did. The reason they were pushing so hard was to prevent people from losing their whole pay checks do to theft or accidental loss. People actually did lose their wallets with their entire pay check in them. I found a wallet once when I was on guard duty. $480.00 in it. The O.D. and I counted it together and logged it in our separate duty logs so their would be no question. The guy who lost the wallet gave $15 .


9 posted on 01/17/2013 7:33:44 PM PST by BBell (And Now for Something Completely Different)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin

I dunno. I haven’t seen a check in over 25 years. It’s been DD for at least that long. I work over in the shoddy private sector, so what do I know.


10 posted on 01/17/2013 7:35:55 PM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin
-- either a debit card that will be reloaded each month or direct deposit to a bank account.

Anyone can get a prepaid debit card. It's basically the same as a checking account, but without the paper checks. I have one from Perkstreet.com. No fees and I get 1% cashback plus monthly specials called 'Powerperks'. I got $10 back on a $40 purchase at Pet Supplies Plus last month.

11 posted on 01/17/2013 7:37:06 PM PST by Ken H
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin

They forced me to take my Social security check by direct deposit almost 2 years ago.

They forced my wife about a year ago.

The company my wife works for eliminated pay checks 2 years ago and she has to have them direct deposited.

I hate it but there isn’t an option.


12 posted on 01/17/2013 7:38:33 PM PST by dalereed
[ Post Reply | Private Reply | To 1 | View Replies]

To: JRandomFreeper

This could be a problem for the illegal aliens, who generally don’t trust banks. I wonder how many accounts will be directed to mexican banks.


13 posted on 01/17/2013 7:39:39 PM PST by batterycommander (a little more rubble, a lot less trouble)
[ Post Reply | Private Reply | To 4 | View Replies]

To: MeneMeneTekelUpharsin

“What I don’t understand is the lack of outrage over paying fees to get the money and funds being trapped in the account”

What the hell are you talking about?

in the 65 years i’ve had bank accounts i’ve never paid a fee of any kind except to print checks.


14 posted on 01/17/2013 7:42:07 PM PST by dalereed
[ Post Reply | Private Reply | To 5 | View Replies]

To: batterycommander
There are ways around it. Trust me.

I've not had a checking account for years. I get by just fine.

Of course, I don't rely on the Federal Government for my income, either.

/johnny

15 posted on 01/17/2013 7:42:30 PM PST by JRandomFreeper (Gone Galt)
[ Post Reply | Private Reply | To 13 | View Replies]

To: dalereed
What the hell are you talking about?

The government-issued debit card is going to cause the recipients of such card some financial losses. Wonder why they're not upset about it? I don't have one, don't care if they take a loss, but just wondering why they're not getting upset about impending losses from using the card if they do NOT have a bank account.

16 posted on 01/17/2013 7:44:56 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: MeneMeneTekelUpharsin

In what way is this bad?


17 posted on 01/17/2013 7:45:05 PM PST by dsrtsage (One half of all people have below average IQ. In the US the number is 54%)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Paladin2
BINGO.
18 posted on 01/17/2013 7:45:31 PM PST by hinckley buzzard
[ Post Reply | Private Reply | To 3 | View Replies]

To: JRandomFreeper

I have no burning desire to participate in the black market or smuggling. It’s inefficient to have to have a back channel.


19 posted on 01/17/2013 7:45:56 PM PST by Paladin2
[ Post Reply | Private Reply | To 6 | View Replies]

To: dsrtsage
In what way is this bad?

The government is cheating people. Even if the people are ignorant and stupid, it is an outrage that the government is cheating them.

20 posted on 01/17/2013 7:48:35 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Paladin2
It’s inefficient to have to have a back channel.

Can you quantify that? I believe that in some situations, it can be much more efficient.

/johnny

21 posted on 01/17/2013 7:49:13 PM PST by JRandomFreeper (Gone Galt)
[ Post Reply | Private Reply | To 19 | View Replies]

To: MeneMeneTekelUpharsin

Essentially, the Obama voters are the ones who get screwed, which would be okay, because they earned it with their vote. The problem is that they’ll complain and the Senate will pass a bill requiring that the rest of us also get screwed in the name of “social justice”.


22 posted on 01/17/2013 7:49:48 PM PST by ArmstedFragg (hoaxy dopey changey)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin

If one is an Expat, direct deposit is the way to go.
My SS payments come on the 4th of every month, like clockwork.
I can go to my online banking just after midnight, the 4th, and see that my money is there. There was one exception. I had a 4th of July payment that posted on the 3rd.
I have been on direct deposit for four years. It has been perfect into at first my European bank, and now my Philippine bank. When I moved here, I opened my Philippine bank account. The lady in the bank filled out the SS forum. All I did was sign it.
My very next SS direct deposit was in my new account.

No doubt, they will make arrangements for the mentally and physically impaired.


23 posted on 01/17/2013 7:50:46 PM PST by AlexW
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin
The government is cheating people. Even if the people are ignorant and stupid, it is an outrage that the government is cheating them.

Since about 1912. Welcome to the party.

/johnny

24 posted on 01/17/2013 7:50:46 PM PST by JRandomFreeper (Gone Galt)
[ Post Reply | Private Reply | To 20 | View Replies]

To: MeneMeneTekelUpharsin

It’s not cheating them if it’s a handout


25 posted on 01/17/2013 7:52:59 PM PST by MNDude
[ Post Reply | Private Reply | To 20 | View Replies]

To: MeneMeneTekelUpharsin

Finally - something this administration is doing that I agree with. this is long overdue. I love direct deposit and autoamtic payment of bills. I have better things to do with my time than deposit government checks.


26 posted on 01/17/2013 8:02:04 PM PST by plain talk
[ Post Reply | Private Reply | To 1 | View Replies]

To: MNDude
It’s not cheating them if it’s a handout

Well, maybe you have a point. Don't agree with most of the payments anyway unless the recipient is elderly, poor, disabled or mentally-challenged.

27 posted on 01/17/2013 8:05:03 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: MeneMeneTekelUpharsin

Use the frozen and lost money to pay on their Obmamaphone bill.


28 posted on 01/17/2013 8:11:14 PM PST by WKB ( Remember "Bush Lied and People Died" Now it's "People died and Obama Lied")
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin

Small potatoes to be worried about when you should be impeaching DC.


29 posted on 01/17/2013 8:36:15 PM PST by Bulwyf
[ Post Reply | Private Reply | To 5 | View Replies]

To: MeneMeneTekelUpharsin

http://freebeacon.com/widespread-welfare-fraud-in-massachusetts/

19,000 welfare recipients in MA were receiving checks in the mail that apparently didn’t exist(the people)- $7.6 million every month.

I’m OK with direct deposit to stop even a portion of this crap.


30 posted on 01/17/2013 8:42:52 PM PST by libertarian27 (Check my profile page for links to the 2011 & 2012 FR Cookbooks- Enjoy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dsrtsage

I agree. It’s really been no big deal for me. Haven’t had a check book in almost 7 years. Pay my bills on-line, payments come to me by direct deposit and never paid a fee to the credit union where I bank. I understand some people haven’t been able to get a checking account lately though because they now run a credit report and verify SS#’s and addresses. Of course I’m sure some of these same financial institutions also launder money - but that is another issue entirely.


31 posted on 01/17/2013 9:39:51 PM PST by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: MeneMeneTekelUpharsin

Most checking accounts are free with direct deposit and they have online bill pay so you can pay your credit card bill with them

Checking debit cards do result in fees so I stick to a CC.

I assume this is to save money which it does.
My pay stub is electronic, and W2.

There is a problem with older disabled who cant use a computer trying to cope with this.


32 posted on 01/17/2013 9:58:41 PM PST by sickoflibs (Losing to O is NO principle!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dalereed

the rest of the world leapfrogged past cheques. They cost banks a lot to process and take ages compared to direct transfers. why africa even has mobile phone banking


33 posted on 01/18/2013 1:20:29 AM PST by Cronos (Middle English prest, priest, Old English pruost, Late Latin presbyter, Latin presbuteros)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Cronos

I won’t have a stinking smart phone either!!!

I use a dumb phone and we have texting blocked on our phones, the dumbest thing ever thought of!

No god damn way will i use a debit card!


34 posted on 01/18/2013 1:40:46 AM PST by dalereed
[ Post Reply | Private Reply | To 33 | View Replies]

To: MeneMeneTekelUpharsin

I’ve actually had that debit card for over a year now and the only fees are if you remove cash from the card at your bank. I do only one cash transaction a month at the bank so I do not pay any fees. If you use the card at the grocery store and get cash back there is no fee. Plus, any left over funds at the end of the cycle are not cleared out, the new amount is just added on.


35 posted on 01/18/2013 2:16:09 AM PST by tinamina
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin

The VA was pushing the Direct Deposit for travel pay benefits. Problem was that we can’t deposit on the Direct Xpress cards. So you either had to have a bank account or get a money card. Some vets have been unable to set up the cards because they can’t get the routing number without having online access. Since about December the VA has decided to continue to send checks.

I’ve had direct deposit since I first put on a uniform in the summer of 1972. It came in real handy in the fall of 1978 when the the government didn’t pay us and my bank made the deposit anyway out of their funds.


36 posted on 01/18/2013 2:42:47 AM PST by DaveArk
[ Post Reply | Private Reply | To 1 | View Replies]

To: dalereed

I won’t work for a company the doesn’t DD. Why wait in line? Why hassle with signing, waiting in line, and then put in a checking account where it has been (with DD) since midnight?


37 posted on 01/18/2013 2:44:40 AM PST by Safetgiver ( Islam makes barbarism look genteel.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: tinamina
Plus, any left over funds at the end of the cycle are not cleared out, the new amount is just added on.

Good. That answers that question. Was wondering if they could just clear someone's funds out.

38 posted on 01/18/2013 4:08:24 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 35 | View Replies]

To: MeneMeneTekelUpharsin

- Check now with your own bank now!

Banks are reporting on Tuesday December 3rd, 2013 that Direct Deposits of your Social Security payments for December 2013 are not being received from the US Treasury.

As of 10am EST banks are receiving huge amounts of telephone calls and internet site inquiries because their bank accounts are not receiving their regular Social Security Direct Deposit amount credited to their bank account.

- Caution - Obama has warned that US citizens may not receive their SS payments.

Obama and his incompetent thugs cannot set up and run a website after spending over six hundred million ($600,000,000) dollars to the relatives and friends of Michelle Obama and Valerie Jarrett to set up a website.

NEVER LET A CRISIS GO TO WASTE - Rahm Emanuel - Obama’s former White House Chief of Staff

Where is the money golfer?


39 posted on 12/03/2013 7:46:12 AM PST by devolve (- "He's (Obama) just 'too talented' to do what 'ordinary people' do." - "All this for a damn fag!" -)
[ Post Reply | Private Reply | To 1 | View Replies]

- Several states are now reporting that SS Direct Deposits are now being deposited at this time — I have some contacts looking into this now -

The lefties have designs on your 401K and IRA accounts - their master plan is for your retirement funds (and any inheritances) to be “invested” (grabbed/confiscated) by the US Treasury and they will happily dole out an amount they feel is “fair” return as American citizens are simply just too stupid to invest their retirement funds themselves.


40 posted on 12/03/2013 10:33:10 AM PST by devolve (- "He's (Obama) just 'too talented' to do what 'ordinary people' do." - "All this for a damn fag!" -)
[ Post Reply | Private Reply | To 39 | View Replies]

To: BBell

Back before I retired from GM, the UAW fought tooth and nail against direct deposit, because they didn’t want their spouses to know how much money was actually coming in. They wanted to cash their check at the bar and bring cash home.


41 posted on 12/03/2013 10:37:12 AM PST by nascarnation (Wish everyone see a "Gay Kwanzaa")
[ Post Reply | Private Reply | To 9 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson