EPPICard - Now with more administrative fees
EPPICard is supposed to make it easy to claim unemployment or disability benefits, but it hasn't always been so easy. Designed like an ATM card, EPPICard makes it possible for individuals to withdraw state benefits from ATM machines. Yet numerous problems easily emerged with EPPICard. Case in point: one Fayetteville Observer reader using EPPICard found that hidden fees were waiting within the wings.
Source for this article: EPPICard - Less phishing, more administrative fees by Personal Money Store
When EPPICard does not amp up your spending budget
We already know that unscrupulous 3rd parties have, within the recent past, exploited holes in the EPPICard debit card system to create a phishing scam to dupe uninformed consumers into revealing sensitive personal data for the purposes of identity theft. Those issues were supposedly addressed by state agencies and EPPICard officials. It's all good unless you mistype your EPPICard PIN or have to go for quick quick cash loans multiple times. Wachovia, reports the Observer, charges $ 1.50 per incidence for excess use at its ATMs, while they charge a comparatively affordable 50 cents for instances of forgotten EPPICard PIN numbers. Those are large fees, particularly for those without jobs. Literature spells out these fees in advance, but that doesn't make it OK for EPPICard to charge the fees within the first place.
Charging the unemployed for state benefits
Larry Parker of North Carolina's Employment Security Commission told the Observer that there are "plenty of ways" to use EPPICard without being charged additional fees for a money now. Yet that still doesn't address the legitimacy of the fees within the first place. How is it that state governments failed to negotiate the consumer exploitation elements out of their contracts with big banks?
And EPPICard phone calls will cost you, too
Calling EPPICard, of courses produces an additional charge. That's the kind of service welfare consumers in 19 states are at the moment receiving, to horrible reviews. As Personal Money Store has suggested before, perhaps a return to paper checks and direct deposit is indeed the way to go.
Discover more info:
Fayetteville Observer
fayobserver.com/articles/2010/06/20/1007753?sac=Home
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