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Jobless hit with bank fees on benefits
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Alan_OldStudent Alan_OldStudent is offline
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Join Date: Jun 2008
Location: Tacoma, (NW corner of USA)
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02-20-2009, 03:47 AM
Hi Brothers and sisters,

Yahoo News has a story (click here to see it) about how banks are gouging the unemployed. People collecting unemployment benefits in some 30 states get a plastic debit card. Using that card is punishing. Here's a few paragraphs from that story:

First, Arthur Santa-Maria called Bank of America to ask how to check the balance of his new unemployment benefits debit card. The bank charged him 50 cents.

He chose not to complain. That would have cost another 50 cents.

So he took out some of the money and then decided to pull out the rest. But that made two withdrawals on the same day, and that was $1.50.

For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even when they're collecting unemployment benefits, they're paying the bank just to get the money or even to call customer service to complain about it


Alan OldStudent
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