Low Cost Prepaid Debit Cards with No Credit Check

No Credit CheckIf you want to avoid the cost of check cashing services and be able to pay bills online as well as make other purchases by electronic payment, we recommend you apply for a free checking account first. This is your lowest cost banking option. If you are denied, choose from this list of low cost prepaid debit cards. Then you can take advantage of direct deposit, pay bills online, make electronic purchases at your local store or online. Continue reading

Direct Express Prepaid Debit Card

Direct Express prepaid debit cardIf persons receiving federal benefits do not opt-in for an electronic payment method by March 1, 2013 they will be automatically converted to a Direct Express® prepaid debit card so they will continue to receive their federal benefit by direct deposit without interruption. This is in response to the mandate by the U.S. Treasury that all Federal Benefits be paid by electronic payment by March 2013. Continue reading

Best Options to Open a Free Checking Account

Free online bankingWe are going to focus on online banking solutions in this article because there are some amazing values and services with nationwide ATM accessibility, free checking, very low minimum balance requirements, and tenants can open an account with as little as $1. Tenants can check their balance at an ATM machine anytime by doing a balance inquiry. So they essentially do not need internet access to use the account. Continue reading

U.S. Treasury Requires Electronic Payment by March 2013

Social security benefits by direct depositThis is the final step by the Financial Management Service, a Bureau of the U.S. Department of the Treasury, to convert all federal benefit payments to electronic payment. Currently 83% of all federal benefits are paid by direct deposit. In January 2008 the U.S. Treasury reported that 4 million recipients of Social Security and Supplemental Security Income did not have bank accounts. The U.S. Treasury has electronic payment options for those with and without bank accounts. Continue reading