It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
EDD concedes that BofA “charges $1 per withdrawal” from non-BofA ATMs (the first two withdrawals are free) but EDD believes that “the fee structure negotiated with BofA is probably more favorable than many people have with their own bank accounts.”
And how much money might this practice be raking in? The State’s merchants routinely impose a 3% service fee on the purchase price for every credit card or debit card transaction.
BofA’s three-percent fee on all those purchases would reap $255 million a year.
Originally posted by reverandrandy
This is all because people allow it to happen. I stopped paying extra for convenience years ago, and it is possible to remove most convenience charges from your life.
As I understand it, you can get your money off of the card, by using an ATM or an actual bank teller. You only get charged this outrageous fee if you're too lazy and insist on using the card for purchases directly. Once per month users of the state run unemployment benefits program will be allowed to retrieve their money from their state issued BoA debit card.
So, avoid the "Stupid Tax" and use your brain.
Originally posted by John_Brown
What do you all think? Any sympathy for the unemployed, or should they just shut-up and be happy they're getting anything?