My New Debit Card Has Been Reissued But There Are No Funds On The Card Where Is My Money
If you receive a new card, it does not indicate that a new claim has been filed or reopened, or that you are currently eligible to receive additional benefit payments. If you have recently filed or reopened a claim for benefits and have questions about the status of your claim, call one of the toll-free numbers provided at Contact EDD.
If you suspect fraud on your debit card account, you should call Bank of America immediately at the number listed on the back of your card.
Money Transfer Mistakes To Avoid
While sending money to other bank accounts is often necessary, there are certain things that you should avoid doing, including the following:
- Sending to the wrong account
- Sending the wrong amount
- Not making sure there is enough money in the source account
- Trying to cancel a transfer when its too late
Before you transfer money from one account to another, make sure that all information is accurate and up-to-date. Also, ensure that there are enough funds in the source account in order to avoid overdraft fees. And be certain that the transfer should be made, as cancelling a transfer may be impossible if you wait too long.
Dont Pay Debt If Youre Putting Your Health Or Housing At Risk
A bare-bones budget includes only your basic necessities: housing and utilities, food, health care and minimum debt payments. But in a true emergency, you may have to make even deeper cuts.
Try to work with your lenders. But focus on paying rent and utilities, keeping food on the table and getting medications you need before you make payments on credit cards or loans.
Yes, youll damage your credit score if you miss payments without your lenders permission. But you can recover from bad credit. While your credit score is important, your health and housing are far bigger priorities.
Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder. She writes the Dear Penny personal finance advice column. Send your tricky money questions to
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Why Can I Perform A Free Transaction At Certain Banks But Not At Those Banks Atms
You get 1 free bank transaction each time a deposit is made on your card. This free transaction can be EITHER an ATM transaction or a bank teller transaction, but these transactions are only free if they are made at certain banks. The same bank that offers a free teller transaction may not offer a free ATM withdrawal. Free transactions can be made at the following locations:Free ATM withdrawal only at the following locations:
Free bank teller transaction only at the following locations: ANY Visa Member bank IMPORTANT: You can only get a free ATM withdrawal at the above listed ATMs. If you are using a Visa Member bank that is not one of the banks listed above , only bank teller transactions will be free, not ATM transactions.
Getting Cash From Unemployment Cards
You have three options for getting cash from your debit card. The first is to visit an ATM and withdraw your money using your PIN. The second is to bring your card to a bank and ask the teller to either transfer cash from your card to your bank account or give you the cash directly. The third option is to make a purchase at a store that offers cash-back at checkout.
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Receiving And Activating Your Card
Q: When will I receive my debit card?If you are eligible for unemployment benefits, you should receive your debit card by mail within 7-10 business days of applying or after you request to be switched to the card. The card is issued directly from KeyBank to the address on record at the time of the request. With your card, you will receive a welcome packet that includes instructions on how to use the card. If your card does not arrive after 10 days, contact the Key2Benefits Customer Support line at 866-295-2955.
Q: How do I activate my card?Your welcome packet from KeyBank will contain the debit card, instructions and a phone number to call to activate the card.
Q: How do I set up a PIN for my card?You will be prompted to set your PIN when you call to activate your card. You can change your PIN by calling the Key2Benefits Customer Support line at 866-295-2955 or you can do it on the Key2Benefits.com website.
Q: What will the envelope look like that will contain my debit card? What should I do if I do not receive my debit card?For security, your card will come in a white, envelope with both an Employment Security Department and KeyBank Card Member Services/Sioux Falls SD return address.
Q: Where is my debit card/I haven’t received my debit card?It could take 7-10 business days from the time you requested the card to the time you receive it in the mail. If you have not received your card within 7-10 days after applying for unemployment benefits, you should do the following:
For How Long Can I Get My Unemployment Payment
Every state is slightly different but in general you can qualify for up to 26 weeks under the regular guidelines. The new bill extends payments for an additional 13 weeks for a total of 39 weeks. However, note that the additional $600 bump only lasts for the next 16 weeks and ends July 31, 2020.
Everyone who files for unemployment benefits between Jan. 27, 2020 and through Dec. 31, 2020 will be eligible for extended benefits.
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How Do I Get A Chip Debit Card
Bank of America is sending chip cards to new claimants starting July 25, 2021. If you already have a debit card, it will be replaced with a chip card when it expires.
If your card has been lost or stolen, you must contact Bank of America at 1-866-692-9374 .
If your card is damaged, you can order a replacement card online by visiting the Bank of America debit card website.
Ways To Transfer Cash From Your Unemployment Card To Your Bank Account
If youve been wondering if you can transfer cash from your unemployment card to your bank account, then you dont need to worry, it is possible to do so. According to Transfer Money, you can either make the transfer from your unemployment card to either your checking or saving account. The process is simple you have to set up a direct transfer. Once you have set your card to direct transfer, the system will permit you to transfer funds from your card to your chosen bank account option electronically. Please note that the moment your approved card is mailed to you and you have received it, It would be best to make a call to the Bank of America, the designated bank that issues these cards, using voice number 1-866-692-9374. Alternatively, you can use TTY 1-866-656-5913. You will be assisted in completing the entire process of transferring your money to your bank account. You can officially visit the Bank of America website and contact them online to request for them to set your unemployment card to direct deposit.
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How Bank Of America Makes Money From People Accessing Unemployment Benefits
Commonly referred to as a convenience fee, a swipe fee, or an interchange fee, all credit card companies are allowed to charge merchants a fee for accepting electronic payments, and these fees are often passed on to the consumer. Swipe fees currently run between 21 and 24 cents per transaction. These fees total about $20 billion dollars a year for big banks. Additionally, banks are allowed to charge merchants .05 percent of a total transaction as a fraud loss recovery charge.
And while Bank of America did not pay California for the contract or vice versa, the bank makes $408,000 in convenience fees if every Californian on unemployment swipes their debit card just once or pays one bill via the internet with their EDD Visa debit card. Two swipes each and BofA makes $816,000 in convenience fees three swipes and BofA makes over $1.2 million dollars in convenience fees. How convenient indeed!
These figures do not include fraud loss recovery charges or Californians who are on state disability and paid family leave. It only includes the 1.7 million Californians who are unemployed. Nice one, BofA.
If you happen to be a Californian receiving unemployment benefits, disability, or paid family leave, you must refrain from using the EDD debit card, whether by swipe or bill paying via the internet.
Be Sure to Activate Your EDD Card by PhoneDont Activate It Online!
Two: Visit Your Prepaid Cards Website To See If They Offer Transfers To A Bank Account
Some prepaid card companies help you do transfers to your bank account through their website or app. So your first stop should be the website of your prepaid card provider.
Check Your Card Companys FAQ Page
Here, theyll usually have a FAQ page. If your card company allows transfers, theyll state it very clearly.
For example, the Bank of America CashPay card says the following on their FAQ page:
you may perform an Online Funds Transfer via the CashPay Customer Service website at www.bankofamerica.com/cashpay to transfer funds from your CashPay account to a traditional checking or savings account owned by you in the United States.
Not in the FAQ? Check Your Card Companys Features Page
If you dont find it on your card providers FAQ page, check the features and benefits page of your prepaid card.
On the Netspend website, this information appears on the Card Benefits page:
Have a bank account in addition to your Netspend Card Account? Link your financial accounts from participating bank accounts and you can transfer money between them and your Netspend Card Account.
If your prepaid card company offers transfers to your bank account, then carry on to the next step. If its not clearly stated, then your best bet would be to try the MoneyGram method that we list below.
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Bank Of America Edd Card
If you have the Bank of America EDD Prepaid Debit Card or the EDD Prepaid Digital Card, you can transfer money to your checking or savings account. You can also choose to perform a one-time transfer or a recurring direct deposit transfer to your bank account.
The EDD Digital Card is actually designed for people who prefer to directly transfer the funds to their personal bank account.
Faq: Bank Of America Prepaid Debit Card
You can choose to have your benefit payments issued to a convenient and secure prepaid Bank of America debit card. Here are answers to common questions about how the card works.
When will I receive my debit card?
If you havent applied for Unemployment, Temporary Disability, or Family Leave Insurance benefits before, your debit card will be mailed within 10 days after we review your application. The card will arrive before you find out if your application was approved, so no funds will be available. Benefit payments are only issued to the debit card account if your claim is approved.
If you received a debit card for prior Unemployment, Temporary Disability, or Family Leave Insurance benefits within the past four years, your benefits will be issued to that same debit card account. If the previously issued debit card has expired or you no longer have it, call Bank of America toll-free at 866-213-4074 to request a new one.
Will I get a new debit card every time I apply for benefits?
If you previously received a debit card for a prior Unemployment, Temporary Disability, or Family Leave Insurance claim, your benefits will be issued to that same debit card account. If the previously issued debit card has expired or you no longer have it, call Bank of America toll-free at 866-213-4074 to request a new one.
How long does it take for money to be on my card?
Once a payment is posted, funds should be available on your debit card within two business days of the payment date.
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How Does Direct Deposit Workdirectdeposit
If you select direct deposit, your unemployment benefits will be deposited in your personal checking or savings account. Most applicant use direct deposit because it is the quickest way to get paid.
- Once you set up direct deposit, payments should reach your account within three business days after you request a payment.
- When you complete a new application for benefits, you must also complete a new direct deposit request.
- If you change your bank or bank account, remember to update this information in your benefit account to avoid a delay in payment.
Debit Card Benefit Payments
If you are eligible for unemployment benefits, it takes at least three weeks to process a claim for benefits and issue payment. We appreciate your patience.
If you choose to receive payments via a debit card, Bank of America will mail you a card once benefit payments are available. Due to the high volume of claims being processed, it may take a few extra days to receive your debit card in the mail.
If you received Unemployment Insurance, Disability Insurance, or Paid Family Leave benefits on a debit card in the last three years, you will receive your benefit payments on that card.
- If your card has been lost or stolen, you must contact Bank of America at 1-866-692-9374 . You do not need to have your old card number or speak to a representative. Choose the lost or stolen option in the automated menu.
- If your card is damaged, you can order a replacement card online by visiting the Bank of America debit card website.
- If your card has expired, and you did not have any activity on the card within the last 90 days, or if you have a balance of less than $20, contact Bank of America debit card customer service.
Note: Bank of America representatives cannot answer questions about your claim or pending payments.
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This Is What Occupy Wall Street Was All About
When big banks are allowed to profit from people who are sick, from people who are taking care of sick family members, and from people who are unemployedlargely due to the big banks unethical behaviorsomething is very wrong with our country.
Whats worse is that 99% of Americans are having a hard time changing this, because the 1% has all the money and the power.
Protect Your Card Information
U.S Bank will not ask for sensitive account information such as your PIN, password, or account number via e-mail, phone, or text message. Beware of e-mail scams that try to steal your personal banking information by claiming there are problems with your unemployment payment, with your debit card, or with your account.
If you receive a phone call, e-mail or text asking for any such information, forward the note to and then delete the message. If you believe you may have accidentally shared your information, or if you have questions about your debit card, call U.S. Bank ReliaCard customer service at 800-657-6343.
For more information regarding schemes that target debit card users, or to learn how to recognize common scams and what you can do to avoid them, visit:
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Apply For Unemployment Benefits As Soon As Possible
How Do I Use My Debit Card
Once you receive and activate your new debit card, you can then use the card immediately as you would a personal debit card. You can make purchases up to the amount available on your card anywhere Visa® cards are accepted. You can withdraw cash without charge at any Bank of America network ATM, and can make two free withdrawals per benefit deposit at non-network ATMs.
You may also elect to walk into any financial institution that accepts Visa® and cash out the balance on the card. In addition, you may also choose to have Bank of America conduct a direct deposit transfer of some or all of the available funds to your personal checking or savings account.
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How Many Hours Can I Work And Still Collect Unemployment
Even if you havent completely stopped working, you may be eligible for partial unemployment benefits. If your hours have been reduced and you havent been able to find additional work, filing for partial benefits may give you the help you need.
Eligibility varies by state. For example, to be eligible for partial unemployment benefits in New Jersey, you cant work more than 80% of the hours normally worked in the job. In New York, you cant work more than four days per week and make more than $504 to qualify for partial unemployment benefits.
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