US Bank Debit Card

July 13, 2012

As you may know, beginning January 2013 Social Security is requiring recipients of SSI, SSDI and other benefits to have either a bank account or debit card for direct deposit. The US Bank Debit Card is a great way to get started and acquainted with the workings of debit cards. Not only can you have your social security benefits directly deposited you can also, pay bills online, transfer money from card to card and budget income and expenses. While there are some fees like getting cash out at an unauthorized ATM, or not enrolling in online banking for your monthly statements, the card has next to zero monthly fees. Unlike traditional bank accounts the US Bank Debit Card requires no minimum balance and safeguards in place to prevent overdrafts. This card is FDIC insured and may restrict some garnishments efforts. If you are interested in learning more about the US Bank Debit Card call a KATCO representative today at 1-866-465-2826