As debit cards have gained in popularity, consumers have been warned of hidden fees associated with some debit card products. How does the fee structure for the Direct Express® card compare to other debit cards?
The Direct Express® card is different from other debit cards because it was developed exclusively for federal benefit recipients. The U.S. Department of the Treasury negotiated low fees for Americans who choose to use the card. On average, Social Security and SSI recipients who pay to cash their checks pay approximately $6 to cash each check and some pay $20 or more. It is possible to use the Direct Express® card for free. While many other prepaid cards have required activation fees, cancellation fees, and monthly fees — all Direct Express® card services that have required fees are completely optional. There are no monthly fees, no hidden fees and most services are free (see question 3.1 above). In fact, cardholders are allowed one free ATM cash withdrawal for every federal payment they receive. For ATM withdrawals at any of the almost 50,000 Direct Express® card surcharge-free network ATMs, there is no ATM owner “surcharge fee” and cardholders can carry over any unused wi
Related Questions
- As debit cards have gained in popularity, consumers have been warned of hidden fees associated with some debit card products. How does the fee structure for the Direct Express® card compare to other debit cards?
- Prepaid Debit Cards - Advantages of Prepaid Debit Cards?
- How much are the fees for Prepaid Debit Cards?
