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Heads up. Soc. Sec. just told me what will happen in 2 years.

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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:24 AM
Original message
Heads up. Soc. Sec. just told me what will happen in 2 years.
I signed up, on the phone, for direct deposit of my Soc. Sec. check.
Talked to a live human, with something called Go Direct ( who I suspected is a contractor) and he said that come 2013, anyone who is NOT signed up direct deposit will get a debit card instead of a check.
He said debit cards are now issued to "the unbanked", but even with a banking account,
if you are not signed up by 2013, you get a debit card

I will tell you, after reading up about those cards, there are hidden fees.
When I wrote something here about that 6 months ago, a lot of people did not want to believe it.
If this affects you, do your own homework, look it up.

I am not comfortable about even direct deposit, I am not comfortable about a system that can stop my money flow with a flick of the switch, so to speak, but I have no choice in this case, and wanted to sign up early, before the rush next year.

So, hopefully, in about 60 days I will have direct deposit, supposed to have one more paper check next month.
We shall see what happens, I know in the case of a missing check all sorts of problems and delays can happen.
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Gold Metal Flake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:26 AM
Response to Original message
1. Who is unreccing THIS thread?
Seems like helpful info.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:32 AM
Response to Reply #1
8. off topic but your Franklin pic/quote is so unfortunately apropo.
as is the sig line.
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elocs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:49 AM
Response to Reply #1
20. In fact it is so important that you used the very 1st response to complain about UnRecs.
:shrug:
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Gold Metal Flake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:58 AM
Response to Reply #20
28. Yes, I did.
To bring to light that this thread had been unrecced and to encourage those who think the info to be useful to counter the unrecs. Since the rec count is currently 10 my plan worked.
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leftyohiolib Donating Member (413 posts) Send PM | Profile | Ignore Tue Sep-20-11 11:27 AM
Response to Reply #28
45. why would someone complain about your post's content?
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:45 AM
Response to Reply #45
57. Because it's incorrect. I posted the FAQ from the government that
shows that you don't need to use the debit card if you have a bank account, most services are free, and directions on how to go paperless.
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nilram Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 09:00 PM
Response to Reply #57
145. And if they can cut direct deposit off with the "flick of a switch"
they can cut off a paper check from being mailed as well.
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Gold Metal Flake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:48 AM
Response to Reply #45
60. My post?
Who knows what motivates some people. :shrug:
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ooglymoogly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:18 AM
Response to Reply #28
169. +1... But lets face it, there are dino's, third wayers and outright pugthug crocks lurking about,
Edited on Wed Sep-21-11 08:31 AM by ooglymoogly
ready and waiting to destroy a post before it gets started and for obvious reasons. FDR is their satin for committing the blasphemy of paying any attention to the middle and the "little people".
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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:28 PM
Response to Reply #1
91. Who? Sycophants
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cliffordu Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 09:28 PM
Response to Reply #91
146. lol.....
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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:00 PM
Response to Reply #146
148. . . . . . .
Cliiiiiiiiffiieeeeeeee . . . . .
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ooglymoogly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:20 AM
Response to Reply #146
171. And that was funny to you....how?
Edited on Wed Sep-21-11 08:20 AM by ooglymoogly
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 02:03 AM
Response to Reply #1
154. And another compliment for your FDR quote -- !!
Edited on Wed Sep-21-11 02:12 AM by defendandprotect
"The liberty of a democracy is not safe if the people tolerate the growth

of a private power to the point where it becomes stronger than their

democratic State itself.

That, in its essence, is Fascism -- ownership of government by an individual,

by a group or by any controlling private power."

President Franklin Roosevelt



--- and that should make it quite clear to anyone here still questioning whether

it's Fascism yet, or not!

"Congress is under the control of the oil and coal industries" -- Al Gore/Rolling Stone


Our government and its agencies has been bought lock, stock and barrel by elites/corporate

fascists --


Every effort is being made to remove the business of Congress from Congress and the public

view -- back room deals, super votes, Super Congress -- all add up to control by private

power -- and that includes the Federal Reserve Bank and its control of our economy --

its dictates of economic policy rather than Congress addressing these issues --

These are political decisions re jobs, flow of money, borrowing which must be debated and

decided by Congress -- not a private bank. We need those we elect to make these decisions --

those we elect and whom we can un-elect!!






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ooglymoogly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:39 AM
Response to Reply #154
173. +1 and needs to be repeated and repeated and repeated and shouted add infinitum. nt
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 05:27 AM
Response to Reply #1
159. Most likely some of the hundreds
of stealth Republicans registered and active on the DU.
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ooglymoogly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:19 AM
Response to Reply #1
170. +1 nt
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Indydem Donating Member (866 posts) Send PM | Profile | Ignore Tue Sep-20-11 10:26 AM
Response to Original message
2. With the flick of a switch
They can stop printing your checks.

In 15 years there will be no more postal service.

They are just making life easier. Once you have the DD or DC for a while, you will see the convenience.
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durablend Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:40 AM
Response to Reply #2
15. Oh I'm sure
You'll see the "convenience" of whoever runs it lifting out a couple of bucks a month in fees (assuming not per transaction). Seniors can just jump for joy knowing one other way they're being ripped off (well, let's be sure...they should be used to it by now and really need to shaddup)
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Indydem Donating Member (866 posts) Send PM | Profile | Ignore Tue Sep-20-11 11:04 AM
Response to Reply #15
34. The government "runs" it.
You are permitted to withdraw money once per month for free at an ATM, and you can use it as a regular debit card with no fees.

Making up phantom fees is not conductive and is simply scaring people of inevitable progress.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:31 AM
Response to Reply #34
48. These are NOT "phantom fees":
More than one ATM withdrawal per deposit ($.90 cents per withdrawal).

Surcharge fees may apply.
There are ATM owner fees called "surcharge fees", if you do not use a Direct Express card surcharge-free network ATM to withdraw your cash.

Card replacement after one free replacement card per year ($4.00 per card).

Monthly paper statement mailed to cardholder ($.75 cents per month).
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:49 AM
Response to Reply #48
62. You get free withdrawals at the bank or credit union teller. And you don't have to use this card.
Edited on Tue Sep-20-11 11:49 AM by msanthrope
You have direct deposit.

Why shouldn't you pay for a paper statement? And why shouldn't you pay for a replacement if you've lost THREE cards in one year?
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ThomCat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 02:19 AM
Response to Reply #34
155. The government outsources it.
I believe they have Bank of America handling the debit cards at this point.

Withdrawing money for free once per month isn't safe. Who wants to have all the money from their entire monthly payment on them leaving an ATM once per month? That's asking to get robbed.

You never want to walk around with large amounts of money on you when you absolutely can't afford to lose any of that money.

So instead people will take out money as they need it, and get charged fees for it.

People who don't have bank accounts get screwed because of it, and it can end up costing a lot of wasted money.
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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 10:37 AM
Response to Reply #155
180. Plus, if you're "caught" with large amounts of cash...
Who wants to have all the money from their entire monthly payment on them leaving an ATM once per month? That's asking to get robbed.

The police will think you're a "drug dealer" and confiscate all your cash!
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Highway61 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 06:11 AM
Response to Reply #34
162. Thank you
Your response is informative and to the point. There are a few here lately that are just contrary no matter how much truth you state and how much sense you make.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:07 PM
Response to Reply #2
70. Ah yes, the USPS will go away
and private contractors jump in joy...

:sarcasm:

There are days...

:banghead:
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deaniac21 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:36 PM
Response to Reply #70
93. USPS is losing enough money to burn a herd of wet elephants.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:47 PM
Response to Reply #93
102. You do know why RIGHT?
I recommend you look into the DIRECT relationship of 2006 prefuding requirement and this. We have explained it MANY TIMES already.

We call this union busting... but you keep drinking whatever koolaid the media and the GOP are perpetuating.
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Jakes Progress Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:00 PM
Response to Reply #102
106. Another one has fallen for the neocon story line.
Without knowing the why and background of why the USPS is struggling, most just use the excuse the neocons made up for them.

It is, after all, easier than learning.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:10 PM
Response to Reply #106
108. I know...
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Fuddnik Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:38 PM
Response to Reply #106
122. One?
You've got so many people around here swallowing corporate, neocon, neolib horseshit anymore, it's becoming a wasteland.
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ooglymoogly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:38 AM
Response to Reply #106
172. or like so many lately, is one.
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 05:05 PM
Response to Reply #93
127. You saw that on the corporate mass media so it must be true.
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 05:11 PM
Response to Reply #93
129. Stop with lying meme. nt
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ThomCat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 02:25 AM
Response to Reply #93
156. That isn't true.
You listen to too much corporate controlled media. It's all republican framed Bullshit.

Republicans pushed through a law forcing the post office to have cash on hand to pay in full in advance for the retirements of employees they don't even employ yet. They have to come up with billions of dollars to meet this arbitrary, and totally unnecessary requirement.

Republicans claimed that this was necessary in order to prevent future retirement obligations from drowning the post office, but they really did this only so they could claim that the post office has a (fake) funding problem, just as they are, in fact, doing right now.

Don't buy into the bullshit that the right wing media throws at you.

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ooglymoogly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:45 AM
Response to Reply #156
176. Though I passed that goal post long ago...still this is a timely post
Edited on Wed Sep-21-11 08:59 AM by ooglymoogly
for those who haven't.
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deaniac21 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 10:45 AM
Response to Reply #93
181. I do everything electronically as an increasing number of the
US population. I haven't sent a letter in 10 years.
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Old Codger Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:28 AM
Response to Original message
3. So far
My wife and I have been using the direct deposit for years now and never any problems with it, one check goes directly into savings account the other goes to checking account, always on time sometimes early never ever been late. Hopefully this will continue, at least the check cannot be lost in transit nor stolen from mailbox.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:31 AM
Response to Reply #3
7. Thanks for that, good to hear.
I have this HUGE thing about anyone controlling my money.
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Tansy_Gold Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 06:57 PM
Response to Reply #7
138. If they send you a check, they're still controlling your money
Three years, direct deposit, no problems.

BF four years, one problem with paper check first year, switched to direct deposit, no problems since.

Regardless how they send it to you, they're in control. All the rest is illusion.


TG
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 07:48 PM
Response to Reply #138
139. I know, Tansy. Sigh.
But at least I had some ...comfort...in seeing that that check had arrived, ya know?
Now I have to call the bank to make sure it is in the account, because there is no way I am going to start writing checks just "assuming" there was no glitch.
Good way to get caught up in some hellacious overdraft fees that way.
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Tansy_Gold Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 08:47 PM
Response to Reply #139
144. It's quicker and easier and faster and cheaper
to check with the bank -- it can be done online unless your bank is really out of the technological loop and in that case I don't think I'd trust them with ANYTHING -- than it is to wait for the check to arrive and take it to the bank and deposit it. There's much more hassle if the paper check doesn't arrive -- as the BF found out.

On the other hand, a friend who got his first SS DD in May was able to check his account on the morning of the day it was due to be deposited, and discovered there had been a glitch. His bank had made the error regarding the mailing address on the account but the correction required working with SSA to verify identity, etc. It was resolved in time to get the deposit corrected before the close of business that day. Someone relying on receipt of a paper check might still be waiting for the next day's mail, and the next, and the next. . . . .


TG


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Frustratedlady Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:09 AM
Response to Reply #3
37. I agree. It is so convenient and has never been late.
In fact, if I'm up late, I'll check my account on the Internet and the check will be there after midnight...2:00 am or so.
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Auntie Bush Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:10 AM
Response to Reply #3
38. I LOVE direct deposit. Have had it for years...never a problem!
Be sure to sign up so you'll be sure to get DD. No hurricanes, tornadoes, floods, snowstorms etc. will stop it from arriving on time. It's the only smart thing to do.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:33 AM
Response to Reply #38
50. Severe weather is the primary reason I decided to do it.
Altho we are within 2 miles of our bank, it is dangerous to go outside during a bad thunderstorm.
Of which we have plenty here.

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COLGATE4 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:11 PM
Response to Reply #38
89. K&R all the above. We've had Direct Deposit since 2007 and
never a problem with it. Right on time, to the minute, month after month. I don't think worrying about it is conducive to anything, nor do I see anything from my experience that would lead me to worry about it.
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quiller4 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:37 PM
Response to Reply #38
94. We love direct deposit, too. We had direct deposit of paychecks
before retirement, switched to direct deposit of Teamster pensions (spouse) and TIAA/CREF (me) upon retirement and chose direct deposit of SS as soon as spouse was eligible. My late parents were among the early subscribers to direct deposit. I cannot understand why anyone would choose another option. A few banks and many credit unions have no/low monthly fee account options for those with direct deposit and few monthly transactions.
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ChazII Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:30 AM
Response to Original message
4. K&R n/t
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trueblue2007 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 01:55 PM
Response to Reply #4
88. i am getting my SOCIAL SECURITY NEXT FEB. I CAN'T WAIT!!!
maybe i can get a part time clerical job after the nerve pain in my left hand (because of neck c7-t1 surgery) goes away. hubby already gets his. i don't think we will get food assistance then.

they give you $$ ...social security, it pays for your health insurance and then you have NO MONEY FOR FOOD. i am looking forward to getting my $$ but what will we do about food???
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HowHeThinks Donating Member (63 posts) Send PM | Profile | Ignore Wed Sep-21-11 05:48 AM
Response to Reply #88
160. If you're eligible for SS.....
you're eligible for Medicare. If you're paying for some mondo-expensive private health care policy your best bet would be to enroll in Medicare, then perhaps a supplemental policy to cover the 20% Medicare doesn't pay. You'd be saving a ton of money over private health insurance that you could use to buy food? Just a thought. :shrug:
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the other one Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:30 AM
Response to Original message
5. That will hurt cash business
Limit the ways you can spend your own money
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:56 AM
Response to Reply #5
27. Can you be more specific about "limit ways to spend money"?
I am not clear if you are talking about debit cards or direct deposit and how either would limit what you buy?
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haele Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:44 PM
Response to Reply #5
99. You can pull cash out, unless you like to use the debit card.
I have direct deposit from my employer, and pull $200 a paycheck out to use for cash transactions over the week. It doesn't hurt cash businesses at all to have direct deposit, so long as you pay attention to how much cash you have.
If you have an account at a credit union, other than leaving the $5.00 in a savings account to keep it open, it should cost less than a check-cashing place to turn your SSI into a lump sum cash on hand.
Direct Deposit itself is pretty painless - and far less painful than trying to cash a paper check at a check cashing place if you don't have a bank account to push it through.
It's using the ATM card that can cost, if you don't use the right machine...

Haele
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Skip_In_Boulder Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:31 AM
Response to Original message
6. And let me guess
J.P. Morgan is the provider of the DC.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:35 AM
Response to Reply #6
10. HOW did you know?????
:evilgrin:

Actually, I asked him that, and he gave me the name of some company I had never heard of, but I had already read that JP was making the cards, so I assume he was talking about a sub-contacting bank to them.
I did not pursue the topic with him, no use, so why bother.
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Skip_In_Boulder Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:47 AM
Response to Reply #10
17. They are already cornering the market
on Electronic Benefit Transaction cards,(EBT) with food stamps and cash benefits, in those states that provide cash benefits, in 34 states at this point. So I'm betting they are going for all of it. People complain about how everything is being privatized but what they don't understand is that privatization has already been going on for 20 years. When one starts looking deeply into some of these issues it is astounding how much of the government has already been privatized. Or as Thom Hartmann is starting to refer to it, profitized.

Pretty smart of JPM as they have worked themselves into a position of where they make money off of you on the way up, (loans) and then make money off you on the way down, (benefits).
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:47 AM
Response to Reply #6
59. Wrong. JP Morgan was removed 3 years ago. Comerica took it over then. nt
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Skip_In_Boulder Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:44 PM
Response to Reply #59
100. Nope, JPM is still running the game
Edited on Tue Sep-20-11 02:51 PM by Skip_In_Boulder
I saw your post earlier and would suggest that it is propaganda, or just another front company, that you are reading. Just like the O.P. pointed out they tried to sell her on it was a front company that was actually in charge of the account. They are most likely just the customer service provider.
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:09 PM
Response to Reply #100
107. Jeebus--So the Treasury Department is LYING in the public disclosure cited below? Or did you fail
to read the FAQ that I have provided numerous times??

8.4 Who is providing the Direct Express card?

Direct Express is a Debit MasterCard card issued by Comerica Bank as the U.S. Department of the Treasurys financial agent.

http://www.usdirectexpress.com/edcfdtclient/docs/faq.ht...
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Skip_In_Boulder Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 05:31 PM
Response to Reply #107
132. I'm sorry son but you just don't know what your talking about
And no I don't need to read your little faq as I have been involved with and studying the structure of corporations since 1979. You clearly represent the 95% who have no understanding of how it is all put together and works.
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 06:55 PM
Response to Reply #132
137. I'm not male. The fact that you couldn't glean that from my username doesn't suggest you are
Edited on Tue Sep-20-11 06:56 PM by msanthrope
one of the blessed 5% that have an "understanding of how it is all put together."

Comerica, not JPMorganChase, is the EBT provider here.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 12:33 AM
Response to Reply #107
150. Yes correct information, stick to it!
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stockholmer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:39 PM
Response to Reply #6
95. if JPM does get control back , expect fees & other shite to come rolling as the years ease on by
Edited on Tue Sep-20-11 02:43 PM by stockholmer
They are truly fucking genocidal scum, in the full spectrum dominance sense of the words FUCKING GENOCIDAL SCUM.
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:10 PM
Response to Reply #95
109. It's Comerica. Has been since 2008. Cite:

.4 Who is providing the Direct Express card?

Direct Express is a Debit MasterCard card issued by Comerica Bank as the U.S. Department of the Treasurys financial agent.


http://www.usdirectexpress.com/edcfdtclient/docs/faq.ht...
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stockholmer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 04:23 PM
Response to Reply #109
124. yes, I saw that, thanks, that is why i said if JPM gets 'control back'
cheers
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enlightenment Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:35 AM
Response to Original message
9. Interesting.
Privatized by the back door. The government is not a bank - the Treasury Department is going to give the money to Comerica Bank and they will issue the debit cards. How nice for Comerica, having all that cash available.

http://www.comerica.com/vgn-ext-templating/v/index.jsp?...

The details about this program are horrifying:

http://money.usnews.com/money/retirement/articles/2008/...

There are no sign-up fees, monthly fees, or overdraft fees, which plague the users of many other prepaid cards. And no credit check is required to enroll. "With this particular card, the fees aren't as high as many of the other prepaid cards," says Michelle Jun, a staff attorney for nonprofit Consumers Union.


Right - so there are plenty of fees attached . . .



At least with Direct Deposit the money is going from Treasury to your account instead of taking a detour into a private business. You're fortunate that you have the opportunity to choose.
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:39 AM
Response to Reply #9
14. LOL, right because your bank account isn't with a private business at all right?
That bank account you have where the direct deposit goes to, you are telling me they are some kind of non-profit or government owned entity? Do you not have a debit card with that bank either?

Maybe before you get into all these grievances, you should think about what you are saying first.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:52 AM
Response to Reply #14
23. My bank is a local community bank, down the street.
I know the people, I know the manager, I have banked there since 1993.
If I have a problem, I can walk in and discuss it with them and get it resolved in 5 minutes.

It is the same bank my check goes to.

My issue is not WHERE my Soc. Sec. goes TO.....I was clear about that.
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:54 AM
Response to Reply #23
26. Your local community bank is a private company and its a bank like any other.
Just because you happen to know the people that work there changes absolutely nothing in terms of what you are complaining about.
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Old Codger Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:09 AM
Response to Reply #23
36. Good way for it
I too have been with the local bank for a long time. Another point for me at least is my checking is still free, no charges for checks, no charge for debit card and no minimum balance required. Probably can't get that a lot of places anymore but still have it here.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:38 AM
Response to Reply #36
53. We have what the bank calls the 5-0 account ( for "seniors")
Things are free, for the most part. Checks are 5.00 per order, they last a year.
No minimum balance either.

so far, so good.

( we also have a lovely law of no property taxes for 65 year old and over homeowners. :7 )
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pipi_k Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:54 AM
Response to Reply #36
64. Another local banking customer
same as you...no fees, no minimum balance.

I also have money in two separate credit unions.

But my check goes to my bank, and from there I can transfer money to my savings accounts in the credit unions.

very cool and convenient

:)
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enlightenment Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:01 AM
Response to Reply #14
31. I think you're missing the point.
Of course my bank is a private entity. The government, however, is not. Social security is a government process - individuals earn money, pay SS tax to the government, and - if they are lucky - eventually collect some monies during retirement.

The government does not hold these monies in a lock-box waiting for beneficiaries, but in the past the distribution of the monies was from the Treasury to the individual. Do they use banks to hold the money they collect and distribute? I believe they do, but the fees incurred are on the Treasury's side, not the beneficiaries side and the checks issued were official government checks. The bank(s) that hold the monies do not control access to the funds or dictate terms of use. Beneficiaries are not charged fees to use the money by the bank that is holding the funds - because while the bank is holding the money, the government is the distributor.

The Treasury is changing the flow of SS funds to beneficiaries by inserting a privately held, for-profit corporation (the Comerica Bank) between the Treasury and the beneficiaries. The bank becomes the distributor and apparently - based on the article I cited - will be able to charge fees to use the debit cards they will issue.

Do you believe they are going to return those fees to the Treasury to be reinvested into the SS program? That's pretty pie-in-the-sky. A private company is being given control over SS funds. That is a form of privatization, regardless of your knee-jerk support for the idea of debit cards.


As for your suggestion - I thought it through it through quite well, but thank you for suggesting I do so. I'll say the same for you. You over-reacted to one word - privatize - and blew a simple statement into some bizarre conspiracy on my part. Frankly, the only failure of comprehension here is yours.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:16 AM
Response to Reply #31
41. Well said.
THAT is the part which bothering me, and your phrase, back door privatization, is so apt.

Naturally it increases the cost of the Soc. Sec. program when 3rd parties are hired to do what
our tax supported government has done in the past.
Worse, as recent history has shown, contractors are almost always immune from any complaints.
The government says " We did not create the problem you experienced, our contractor did".

so, again, I repeat..those who CAN go to direct deposit before the deadline should,
but those who do not have banks are forced to use the debit cards.
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:43 AM
Response to Reply #31
55. They aren't being "given control". I'm sorry, but you're being WAY over the top.
If you want the same exact control you have now, you get your own bank account and have it direct deposited. And there is no amount of control that Comerica can exact over your social security money. There are already laws in place that ultimately protects social security benefits from any of these ginned up, irrational fears that you are having.

The fact is, this is just more efficient. The world, as it has since mankind existed, is changing technologies. It will save the government money to pay benefits electronically. Naturally, they are going to use a bank that has all the systems in place to facilitate it. It just makes sense.

Its not privatizing social security. Your claim as such is utterly ridiculous. Privatizing social security would mean taking the money I pay in from my paycheck and investing it in private investments instead of just putting it in the damn fund. Thats not changing at all as a result of this. Therefore social security is not being privatized. If you are going to make that claim, then you would have to say that my grandmother is voluntarily "privatizing" her own social security because she has it deposited into a regular ass Chase bank account every month. Thats exactly the measure of how utterly silly your claim is.
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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:52 PM
Response to Reply #55
104. That's completely illogical.
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:12 PM
Response to Reply #104
111. Why? Because you said so? Disprove one damn thing I said.
If you find it to be illogical, then your logic and reason abilities are highly in question.
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999998th word Donating Member (555 posts) Send PM | Profile | Ignore Tue Sep-20-11 11:43 PM
Response to Reply #31
149. Riight -another layer of private profit sucking-like health 'insurance'
what right wing stink tank thought this shit up. :puke:
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DrunkenBoat Donating Member (584 posts) Send PM | Profile | Ignore Tue Sep-20-11 02:22 PM
Response to Reply #14
90. The difference is the money going into many banks v. one centralized bank like JPM.
That's a huge chunk of change for them to play with.
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MedicalAdmin Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:14 PM
Response to Reply #14
112. Main Street vs. Wall Street.
Good to know where you stand on this.
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fascisthunter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 05:36 PM
Response to Reply #112
133. We've Known it for a While Now
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:48 AM
Response to Reply #9
18. THAT's the name he mentioned!!!!
Thank you for looking that up. Good find.

I DO remember reading that JP was doing Food Stamp ( EBT) and other debit cards.
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alc Donating Member (649 posts) Send PM | Profile | Ignore Tue Sep-20-11 11:01 AM
Response to Reply #9
30. Direct Deposit goes through a private business (or 2)
Edited on Tue Sep-20-11 11:01 AM by alc
At least 15 years ago when I was in the industry it did for all the banks I knew of. In fact it may go through a couple of different businesses. The government tells one business what transfer it wants. That business puts the transfer in the fed clearinghouse (usually the one run by the fed). Another business (possibly the same one) reads all of the transfers for your bank that night and tells your bank to put the money in your account.
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enlightenment Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:07 AM
Response to Reply #30
35. Do these businesses charge you a fee to process your DD?
The government uses private banks because we no longer have a 'national bank'. We have banks that are designated as 'banks of the US' instead. The government uses private businesses because it is cost-effective to them - the cost is transparent to the end-user (beneficiary). Individuals are not charged a fee for DD.

None of those things include turning over government monies to the control of a private entity and allowing them to dictate terms of use. THAT is privatization.
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:18 PM
Response to Reply #35
113. This method doesn't charge a fee either. And you DON'T HAVE TO USE IT.
Edited on Tue Sep-20-11 03:27 PM by phleshdef
Again, if you have a bank account, you can use DD and your bank account like people do now. The only difference this makes is if you don't have a bank account, the government is basically giving you one just for your social security money. Do you think people who get checks don't have to rely on a private entity to get them cashed?

Your claim that this is giving control to a private entity is just so fucking silly, its barely worth arguing with. The same laws that protect a person's access to their social security money are and always will be, in place. Instead of having to pay to cash a damn check, these people will be able to just use the card. And when it all goes down, no one is actually going to care about your silly, imaginary grievances.
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LuckyLib Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 01:05 PM
Response to Reply #9
81. This is absolutely right. While your money sits in the debit account, they
have use of that money for the entire time that you are drawing it down. Just like your bank. Hmmmmm. Another feeder in the food chain.
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:36 AM
Response to Original message
11. K & R.
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HappyMe Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:38 AM
Response to Original message
12. Checks were getting snatched out of
mailboxes in the neighborhood where I used to live. There was a huge ss check, food stamp stealing & fraud operation being run out of a gas station here.

I have used direct deposit for paychecks and never had a problem with it.
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snooper2 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:39 AM
Response to Original message
13. "I am not comfortable about a system that can stop my money flow with a flick of the switch"
ROFL ROFL ROFL ROFL...

Yep, I like it the good old way where they have somebody write my check out by hand, sign it, and walk to the corner mailbox and drop it in :rofl:
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:24 PM
Response to Reply #13
119. I know. The concerns are either so outlandish or so phony, its almost impossible to respond to them.
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:46 AM
Response to Original message
16. Unrecc for incorrect information. No fees for purchases, cash back, teller withdrawals--
It took me five seconds to find this out. USE THE GOOGLE!!!


3.1 How much do I have to pay for the Direct Express card?

Most services are free. There is no cost to sign up for the card and there are no monthly fees. While there are fees for a limited number of optional transactions, it is possible to use the card for free. Free services include:

Purchases at retail locations, cash back with purchases, or cash withdrawals through bank or credit union tellers.
One free ATM cash withdrawal for each deposit posted to account each month $.90 per additional withdrawal (The fee waiver earned for that deposit expires on the last day of the following month in which the deposit was credited to the Card Account). Surcharge fees may apply. There are ATM owner fees called "surcharge fees", if you do not use a Direct Express card surcharge-free network ATM to withdraw your cash.
Balance information at ATMs, by phone or online.
Optional notification of deposits to debit card by phone, email or text message.
Optional low balance alert when account balances falls below a certain level.
Access to the toll-free customer service number and website 24 hours a day, 7 days a week.
One free replacement card per year (additional replacement cards available for a fee)

Optional services available for a fee include:

More than one ATM withdrawal per deposit ($.90 cents per withdrawal). Surcharge fees may apply. There are ATM owner fees called "surcharge fees", if you do not use a Direct Express card surcharge-free network ATM to withdraw your cash.
Card replacement after one free replacement card per year ($4.00 per card).
Monthly paper statement mailed to cardholder ($.75 cents per month).

http://www.usdirectexpress.com/edcfdtclient/docs/faq.ht...

You get one free ATM withdrawal per month, and a 90 cent fee after that. Or, just do it for free at a bank or credit union.
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durablend Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:51 AM
Response to Reply #16
22. Uh huh
And as we know, banks NEVER enact fees later on for services they provide.

:sarcasm:
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:53 AM
Response to Reply #22
24. Exactly. And they NEVER raise the fees once they are in place, either.
:sarcasm:
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:39 AM
Response to Reply #24
54. They can't change the fees without a statutory change, originating out of Treasury.
This is a bank acting as a servicer under the authority of Treasury. If they want a fee raise, they need government approval.

And you don't have to use this thing--read the faq I provided. Use direct deposit, and your own bank's debit card.
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:37 AM
Response to Reply #22
52. They can't change the fees without a statutory change, originating out of Treasury.
You do realize that the banks are acting, in this case, as service providers under the statutory authority of the Treasury Department?

And you don't have to use a debit card. I provided you the faq--try reading it. Get direct deposit, and you will never have this problem.
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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:04 AM
Response to Reply #16
33. Your response -1. You get ONE free cash withdraw, then you have pay 90 cents for
each "optional" ATM withdraw.

The other part I object to is why can't I get direct deposit? Now the government is picking out which bank I can bank with?
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:24 AM
Response to Reply #33
44. You get as many free cash withrawals as you want, at a bank or credit union.
Edited on Tue Sep-20-11 11:40 AM by msanthrope
You get one ATM withdrawal, and then a surcharge. And using this thing is completely voluntary--you don't have to use it if you have a bank account.

Of course you can get direct deposit. Christ. I gave you the link to the faq. READ IT.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:46 AM
Response to Reply #33
58. Exiled....My post was for people who could not or would not get Direct Deposit
by the 2013 deadline.

People who cannot get direct deposit are those who:
Will not have signed up for it by 2013 even if they have checking accounts

or
do not have banking accounts.
Many people do not have banking accounts, they do not have affordable accounts in their area.
In their case, they are given a Debit card, but the card then dictates which bank they have to use.



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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:48 AM
Response to Reply #58
61. Exactly, so the government is now dictating which bank to use. n/t
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:55 AM
Response to Reply #61
66. No. The entire point is that the debit card is for people who DON'T have a bank.
Have you considered reading the FAQ I posted????

You know, the one from government that explains the program.

You don't have to use a debit card if you have direct deposit. And if you have no bank, you still get your benefits, for free, without a check-cashing fee.

http://www.usdirectexpress.com/edcfdtclient/index.html
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MedicalAdmin Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:19 PM
Response to Reply #33
114. If that is true then set up an account with ING direct and have them transfer it for you.
They absorb the transfer fees as part of doing business. I use an ING account to control the flow of funds between personal and business accounts and for tax set asides...

I hope this helps.
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:21 PM
Response to Reply #33
116. You are objecting to concerns that do not exist.
1. Thats not different than the dynamic now. If you have to get your check cashed because you don't have a bank, you normally have to pay a fee to whoever cashes it. This way at least, if you draw it all out at once, you don't even have that fee.

2. You CAN get direct deposit and your own bank account and never screw with this card, ever. This will be for people who don't have a bank account, the same people that end up paying the check cashing fees I just described.
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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:35 PM
Response to Reply #116
121. Several of my local banks will cash SS checks for seniors at no cost. Personally, it's
not an issue for me (I'm barely in my 40s), but I protest on the grounds of how this is being done. SS is being outsourced to a private entity and there are hidden charges if someone isn't aware of the "options".
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 05:37 PM
Response to Reply #121
134. Social Security is not being outsourced to a private entity. The government still controls the fund.
Edited on Tue Sep-20-11 05:39 PM by phleshdef
...and the funding as it always has. Social Security is a FUND that gets FUNDED through payroll taxes. Social Security is NOT the means by which its benefits are delivered. You can not validly make the claim that "its being outsourced" unless the fund and funding are actually outsourced. That is not even remotely close to what is happening. Your claim is bogus, over the top nonsense.

There is absolutely nothing wrong with utilizing a private company already equipped to electronically hold and deliver money to electronically hold and deliver money. As long as people's rights to their own benefits are protected(they are) and as long as Social Security isn't ACTUALLY privatized, like really privatized not in the imaginary way you are saying its being privatized, then there is nothing to be concerned about. Its just makes sense.
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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 08:23 PM
Response to Reply #134
143. There's something definately wrong with government utilizing private corporations to
distribute money. It makes absolutely no sense if you're going to give the contract to one company like JP Morgan and freeze out little players. What happens the next time JP Morgan finds themselves in another financial disaster, are we going to bail them out and stick SS with the bill?
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:55 AM
Response to Reply #143
178. You have no clue how anything actually works do you?
If we had to bail someone out, there would be no reason to stick social security with the bill. Again, you are just making shit up because you want the story to reflect something to justify your fear BS. But it doesn't and it won't. These banks are already handling people's social security money every single day, for the millions that use direct deposit to accounts with these very banks. Stop it with the silliness.
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HowHeThinks Donating Member (63 posts) Send PM | Profile | Ignore Wed Sep-21-11 06:47 AM
Response to Reply #121
166. SS is not being outsourced......
that's a misconception. This is a money saving measure. Do you know how much it costs to cut millions of SS checks and mail them each month? Neither do I, but I bet it's a LOT! :hi:
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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 07:50 AM
Response to Reply #166
168. SS is one of the most effectively run programs in the government. I'm not
one hundred percent against this, but people should be given a choice.
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Chan790 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 01:48 AM
Response to Reply #33
153. um, you can have Direct Deposit...
this regards SS distributions to people who don't have bank accounts...like my grandparents who never trusted banks after the Depression, used to cash their checks monthly and bury the cash on the back 4 acres in coffee cans.

In 2013, they will no longer cut you a check and deposit the cash onto a debit card if you're not signed up for direct deposit...they're only choosing your bank if you refuse to choose your bank.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:42 PM
Response to Reply #16
96. Now that I have re-checked the definition of a misanthrope
things have become very clear.
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:33 PM
Response to Reply #96
120. You talking to me? If a misanthrope is someone who can read a FAQ from a government
website and figure out that the government just made it much easier for SS recipients to get their money, on time and with minimal hassles and fees, then yeah, I fit that definition.

Wow. Your government is doing something useful!!!!

That's a bit different from neo-con, Faux Nooz-FDL-induced "the government can do no right" meme that your OP seems to ooze.
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sufrommich Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:49 AM
Response to Original message
19. It's modern technology. I don't see a problem with it. nt
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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 01:09 PM
Response to Reply #19
82. Rebate debit cards I have received don't work half the time?
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:43 PM
Response to Reply #82
97. We had same experience, twice, and now no longer rebate.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:50 AM
Response to Original message
21. Find a community bank/credit union
most offer FREE checking for seniors and many come with added features like free money orders, travelers' checks, free online banking, safety deposit boxes..and many do not require a minimum balance :)

direct deposit is the best things since sliced bread :)
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newspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:53 AM
Response to Reply #21
25. yes, our credit union
if you have direct deposit, you get from checks.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:58 AM
Response to Reply #21
29. I have a community bank.
With all the freebies.
That is not the issue in my post. WHERE my money goes is not an issue.
The automatic forced use of debit cards instead of checks is the issue for those who may be caught up
in the deadline.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:04 AM
Response to Reply #29
32. If they do not want a debit card, they just need to open an account
If they get a check, they have to take it somewhere to cash it anyway..
debit cards have to be taken somewhere to use it

direct deposit surely seems to be the way to go.

like it or not, checks are going away.
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pipi_k Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:01 PM
Response to Reply #29
69. ....
Edited on Tue Sep-20-11 12:06 PM by pipi_k
deleted...never mind....

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HowHeThinks Donating Member (63 posts) Send PM | Profile | Ignore Wed Sep-21-11 06:23 AM
Response to Reply #29
164. I think your fears are unfounded.......
This is not some grand conspiracy to privatize SS. It's not some grand conspiracy to control anyone's access to their money. When you consider the number of people receiving SS benefits, cutting checks and mailing them costs big bucks. It's a money saving move, nothing more.
Frankly, I can't understand why anyone - in this day and age - would not have a bank account, and the percentage of those people (somewhere in the neighborhood of 30% I believe) boggles my mind. WalMart will cash your check for you, for a fee. How do these people pay bills? Money orders? And how much do they cost?

When you read the fine print in this action there is nothing that sticks out as a move to rip anyone off. I know some people don't trust banks, and some have legitimate concerns, but getting a check by mail each month seems more risky than receiving direct deposit or a debit card.

I think this is much ado about nothing. If SS adequately educates people about this move that's going to take place I don't think there's any rational reason to worry.

But that's just my 2 cents. :shrug:

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bobthedrummer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:11 AM
Response to Reply #21
39. My Credit Union granted me, a SSDI fixed income citizen, two loans in the past three years!
No minimum balance for checking, free online banking and other services too.

I never activated the debit card they gave me though.
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Hepburn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:12 AM
Response to Original message
40. How about immediately withdrawing the funds?
What about those who don't have/don't want bank accounts or have no ID for the use of credit cards? Like the homeless.
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:31 AM
Response to Reply #40
49. This is precisely for people who don't have bank accounts--
I posted the link to the faq, above.

You can still do direct deposit. But after 2013, if you haven't signed up for direct deposit, you will get a debit card. You can then withdraw from that debit card.
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Gold Metal Flake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:55 AM
Response to Reply #40
65. The homeless do not matter.
Wow, suddenly I get bobbolink.
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:58 AM
Response to Reply #65
67. This benefits the homeless--no more check-cashing fees, and you don't need a bank account.
You could try reading the FAQ, where it explains how you don't need a bank account, and you can withdraw your money, for free, at banks and credit unions.

You can make purchases, for free, and get cashback, for free.

You get one free ATM a month, so you can withdraw it all and bet the ponies if you want.

Bobbolink will not ever have to pay anyone to cash a Social Security check. Isn't that a good thing?

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Gold Metal Flake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:22 PM
Response to Reply #67
71. Do ATMs not have a maximum withdrawl per day? ~$300.00.
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:30 PM
Response to Reply #71
74. So go into ANY bank or ANY credit union and take out the whole shebang and bet the ponies
if you want to. For free.

OR--have direct deposit into a bank account.
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Gold Metal Flake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:36 PM
Response to Reply #74
76. Bet the ponies?
Is that how you imagine people on SS spend their money? Why should you make any assumptions at all about how people on SS spend their money or in what form they choose to take it? it's certainly not your place to do so as well as very inconsiderate.




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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:22 PM
Response to Reply #76
118. Ironically, I used to take my grandfather to the raceway named for the guy in your sig line.
He would cash his SS check at the bodega and we would drive out and bet the ponies. OTB for when he couldn't go.

Sometimes, he would even buy liquor with his SS check!

Cigarettes, too!!!!!

And he would even play the number....

It was his money. He could spend it as he pleased, as should all retirees.

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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:30 PM
Response to Reply #71
75. dupe.
Edited on Tue Sep-20-11 12:31 PM by msanthrope
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MedicalAdmin Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:21 PM
Response to Reply #40
115. Te homeless should just be dead....
:sarcasm:

That IS the plan, isn't it?
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BadgerKid Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:18 AM
Response to Original message
42. I guess you mean all the other states will get it.
Apparently the debit card is in use in several states already:

http://money.usnews.com/money/retirement/articles/2008/...

But I'm glad to know of this since a few people I know are on the cusp. Thanks for the tip!

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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:47 PM
Response to Reply #42
103. You are welcome.
I had no idea until the other day that SS would automatically sign you up for a debit card even if
you had a bank account, if you did not sign up for automatic deposit by the deadline.

True, they include "encouragement" notices to do so with every check, but no where do they tell you
what happens if you do not sign up.
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EC Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:24 AM
Response to Original message
43. I felt the same about Direct deposit,
Edited on Tue Sep-20-11 11:24 AM by EC
but then the light bulb went off in my head...They could cut off the checks just as easily as an account...so there really isn't anything different about having DD.

On edit: I really don't like the government having my checking account # though.
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HowHeThinks Donating Member (63 posts) Send PM | Profile | Ignore Wed Sep-21-11 06:41 AM
Response to Reply #43
165. Haha..........
Do you think the government can't get your checking account number just because you don't provide it? :rofl: They could get an accurate count of the number of hairs on your head in a split second if they wanted to. The NSA has data on file for everyone in this country. Everyone. Any information they want, they'll get, and there's nothing any of us can do about it. Nothing is private anymore.
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southernyankeebelle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:28 AM
Response to Original message
46. I will tell you direct deposit is really good. I wasn't keen on it in
the beginning. When my husband was on active duty I learned quickly have a checking account out of state was very difficult to cash checks. So we made direct deposits of my husband's military pay at his hometown bank where we would retire and every time we went to a new base and I worked civil service we opened up a local checking account. We used it local checks when we went shopping. Direct deposit really is the best way to go. We never had any problems with it.
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whistler162 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:30 AM
Response to Original message
47. Direct Deposit means you can't lose the check or
have it stolen from you. Like others have said you can be cut off from the checks just as easy as direct deposit.
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CBGLuthier Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:37 AM
Response to Original message
51. I want my checks delivered by pony express
and they must all be hand signed too.
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:52 AM
Response to Reply #51
63. And backed by gold, right? nt
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pipi_k Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:45 AM
Response to Original message
56. On direct deposit...
I've had it for 14 years and never a problem (so far).

And I do all of my banking online...transfers, e-checks, and electronic payments.

Either way...paper checks and relying on a bank clerk to process your transaction properly

or electronic banking...

both come with problems.

I love electronic banking

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RebelOne Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:59 AM
Response to Original message
68. When I started receiving Social Security,
I immediately signed up for direct deposit. i have been getting my payments deposited into my checking account for the past 7 years and have not had a single problem. Actually, it gives me peace of mind. With the lousy mail service here in North Georgia, I had a problem with the carrier putting mail in the wrong boxes.
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:23 PM
Response to Original message
72. Direct deposit is by far the best way.
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AtomicKitten Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:27 PM
Response to Original message
73. My Unemployment here in Calif is directly deposited through BofA.
So far, so good.
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Gold Metal Flake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:37 PM
Response to Reply #73
77. Are you tied to one branch or can you access the funds anywhere?
Do you have a BofA account? Do you have to in order to receive the funds?

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scorpiogirl Donating Member (662 posts) Send PM | Profile | Ignore Tue Sep-20-11 12:55 PM
Response to Reply #77
79. I can answer that.
It's basically a BofA debit card and can be used as such. They will charge fees for not using their atms though. And I was told that they will also charge for calling customer service.

We have one and we set up a transfer of the funds to our checking account at our credit union. It does so automatically when the card gets a balance.
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Gold Metal Flake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 01:18 PM
Response to Reply #79
84. OK. This is new stuff to me. I'm still a ways from retirement age.
But I expect the chances to get charged fees on unemployment, SS and disability to increase in the years to come.
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GrannyK Donating Member (226 posts) Send PM | Profile | Ignore Tue Sep-20-11 03:11 PM
Response to Reply #79
110. There is one issue that hasn't come up
in this conversation.

Just a little heads up FYI.

Several years ago my friends husband passed. His SS direct deposit had already been deposited for that month. SS immediately withdrew the funds from their account and she was not notified. You can guess the turmoil as a result of SS action at such a time.

I have no idea how SS knew of his death. The funds taken from the account did not include the days he was alive. SS only took the funds from the day after his death.
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FlaGranny Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 05:40 PM
Response to Reply #110
135. Social Security pays as follows:
"If the deceased was receiving Social Security benefits, you must return the benefit received for the month of death or any later months. For example, if the person dies in July, you must return the benefit paid in August."

Your friend should have been able to keep the check she got the month her husband died because that check was for the month before he died. Maybe that is what you meant? The Social Security site says that the funeral director usually sends a notice of death to SS. Explanation here: http://ssa.gov/pubs/10008.html
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 07:57 PM
Response to Reply #135
141. Good reminder.
We are fortunate in that we have a "cushion" in one account for emergencies.
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AtomicKitten Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:55 PM
Response to Reply #77
80. I dumped BofA 4 years ago and am with a local credit union.
I signed up for direct deposit. The first go I found it still sitting in my "account" but was able to extract it from a BofA ATM. Next go it was directly deposited days earlier than I would have received it by mail.

There are no fees for the above but I can't say I'm happy with BofA in the loop.
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Gold Metal Flake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 01:16 PM
Response to Reply #80
83. I see. I'm learning a lot in this thread. n/m
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Frances Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 12:41 PM
Response to Original message
78. I have had direct deposit for some time
Much better than a paper check IMO
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Honeycombe8 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 01:21 PM
Response to Original message
85. If you get a debit card, then the amount IS direct deposited, or there would be nothing for
the debit card to draw from, right? Or is this a different kind of debit card? My debit card is just a link to a bank account.

Or...is the debit card a link to a separate Social Security account, I guess? It has to draw money from some account.
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badgerpup Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 01:34 PM
Response to Original message
86. Been receiving SSDI for a long time...direct deposit.
My 'check' is in my credit union ACCOUNT on the third of every month, unless the third falls on Saturday or Sunday.
Then it's in by Friday (the 1st or 2nd).
No mailbox involved.

I've had no difficulties with it...but then I've got a good CU lookin' out for me too...no hidden fees. :thumbsup:
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bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 01:51 PM
Response to Original message
87. Reccing your thread, and looking forward to my First Social Security Reimbursement Check
in a couple of months,
which WILL be direct deposited into my Locally Owned Independent Bank!
:hi:
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:54 PM
Response to Reply #87
105. Hey bvr.....
Congratulations are in order, yes?

Tell ya a funny. I just got a letter from Soc. Sec. telling me that on my next birthday in
a couple of months, because I will be 66, I can go to work and none of my earnings will subject to SS penalty!!!

Isn't that great?? I can go out and find a job!!!
All part of my carefully plotted scheme....get older, retire in an economic depression, go on Soc. Sec.
and wait until the employment rate jumps to 20%, then go out and get a job, just so I can keep the extra loot.
My evil plan is working.
:evilgrin:
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femrap Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:33 PM
Response to Original message
92. As long as 'they' are
putting money IN my account, I'm happy. I never authorize anyone to take money out!
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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:44 PM
Response to Original message
98. k & r
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robinlynne Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 02:47 PM
Response to Original message
101. my Mom has had direct deposit for 13 years with no problems of any kind!
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INdemo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 03:21 PM
Response to Original message
117. Direct deposit is fine no Service Charges and there is nothing at
all to be uncomfortable about.I have had it for over a year and every month on the designated time ii is in my bank account and never missed a beat so far.
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xxqqqzme Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 04:07 PM
Response to Original message
123. I understand your hesitation.
The direct deposit seemed a good way to foil the check theft occurring @ the beginning of each month in large apt complexes. Mail boxes would be destroyed when the checks were stolen. And then there's the hassle of getting the check replaced. Over the years, I've had direct deposit from employers and now SSI. I would be more wary of the debit card. Multiple ways that can be hijacked.
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and-justice-for-all Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 04:33 PM
Response to Original message
125. I have a debit card for my UI...
and I just go to the bank and have the money transferred from the card to my checking or I can call card services and have it transferred that way as well and there is no fee for that.
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Vinca Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 04:37 PM
Response to Original message
126. Direct deposit is very handy. No need to run to the bank to make a deposit.
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customerserviceguy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 05:07 PM
Response to Original message
128. Checks are expensive to handle
And I'm talking about for Social Security. Not only the printing, envelopes, and postage, but the reconciling of the accounts to see if the checks were cashed or not.

Time to get with the 21st Century. You can find a credit union to use for direct deposit, and avoid all the fees. The only people who will be getting nickel and dimed to death with fees are those who just aren't motivated enough to find an institution that they can set something up with on a one-time basis.
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formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 05:15 PM
Response to Original message
130. I use Direct Deposit
into my Credit Union Account (I use DCU) no fees. They will even refund fees that other banks charge if you use their ATM. They issue me a free Credit and Debit Card, free checks and all kinds of free services. They have very secure E-Banking that I can use anywhere there is an internet connection. I've used it all over the Country and never had a problem. It's great if I travel. Never have to worry about carrying cash, except for Tips.
If I were homeless tomorrow, I would still be able to go to the library and do my banking and pay bills online.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 07:51 PM
Response to Reply #130
140. Personally, I'd rather be homeless than 'bankless.'
What a world, eh non-pilgrim?
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formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 08:05 PM
Response to Reply #140
142. I would choose Dignity over Wealth
Having been homeless for several Years, thanks to Poppy and the Crew, I learned about 'Class Warfare' many Years ago. As a result, my Social Security payment is quite small, but, It gives me some independence.
My family thinks that I was foolish to give up my career and live in poverty. I would rather be a pauper than a lackey for the Pilgrims Society.

:hi:
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SkyDaddy7 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 05:16 PM
Response to Original message
131. I have had DD of my SS check for 7yrs...
Not a single problem yet! Seriously, NOT ONE.

I hope that helps relieve some of the stress you might be under.
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barbtries Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 05:49 PM
Response to Original message
136. i get paid by direct deposit
it's been very good. the debit card part i do not like and will be sure to have a bank account when i retire.
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caseymoz Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 09:42 PM
Response to Original message
147. At the end of the Soviet Union, the main punishment for dissent was not the Gulag.

Nor was it the psych ward.

No, they simply invalidated your ration card, leaving you destitute on the spot.

These damn government-issued debit cards sound exactly like that set up. Maybe Repubs are right in calling this socialism, except in the last stages of decay. It looks like capitalism has us on the fast track.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 12:37 AM
Response to Reply #147
151. Cozy hugh. They've us all wrapped up with press and seal. No escape.
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Scottybeamer70 Donating Member (844 posts) Send PM | Profile | Ignore Wed Sep-21-11 01:41 AM
Response to Original message
152. I've had the SS debit/credit card for
a year now. I've never had a problem. The money is always there when it is supposed to be.
I can withdraw money from any bank at no charge, or opt to use an atm machine and pay whatever
their regular fee happens to be. I've never been charged anything by the company issuing the card.
I've never been charged for "cash back" either. I personally like the card better than dealing
with a bank that might be shut down at any time.
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joshcryer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 02:35 AM
Response to Original message
157. My mom did this early, she was going to get one of those debit cards, but I emplored her to get a...
...Credit Union account instead. Many many credit unions offer free accounts with no fees. Banks are bad news because they require minimum monthly deposits, have hidden fees, and so on. Credit Unions, the good ones, don't have these issues.
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BlueMTexpat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 04:36 AM
Response to Original message
158. I've been getting SS for nearly two years now, always by
Edited on Wed Sep-21-11 04:37 AM by BlueMTexpat
direct deposit, which has worked for me just fine. I appreciate it even more because I live overseas for the most part and the funds are deposited directly into my overseas account, meaning that I get immediate access, without having to wait for a check to arrive (assuming it doesn't get lost in the mail), endorse it, pay the check cashing fee and perhaps lose even more on the exchange rate if the check funds are in USD. For direct deposit, the US Treasury converts to the foreign currency at source using the universal exchange rate (SS will not send USD overseas via DD), while my not too loverly bank always tries to give me a few points less.

I recc'd your post because it provides information, not because I favor checks. I think that if that money flow is going to get stopped, it will get stopped for both DD AND checks. If that day ever happens, we will all certainly rue it.

And please believe, as I sincerely do, that such a day could indeed happen with ANY Republican ever again in the WH. They just don't "get" it.
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Historic NY Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 05:55 AM
Response to Original message
161. I like direct deposit its there sometimes even earlier than expected.
I have e-mails alerts setup with my credit union on-line banking to let me know when it there.
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crazyjoe Donating Member (921 posts) Send PM | Profile | Ignore Wed Sep-21-11 06:17 AM
Response to Original message
163. great news! the government is finally catching up with the private sector.
DD is fast, convenient, and safe. Your money is always there on time, no delays while the "check clears". I don't see the problem here, some folks just choose to complain about every change and pretend it's the end of the world.
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WinkyDink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:45 AM
Response to Reply #163
174. Some people have no bank accounts. Just like they have no domiciles.
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crazyjoe Donating Member (921 posts) Send PM | Profile | Ignore Wed Sep-21-11 06:38 PM
Response to Reply #174
182. so they open an account, it's free with DD at most banks
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harun Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:53 AM
Response to Reply #163
177. I think it is better as well but I think people should have the option.
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newfie11 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 07:00 AM
Response to Original message
167. When I worked all my money was automatically deposited in the bank
My SS is done the same way. I have never had any problems with having it done.
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WinkyDink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:45 AM
Response to Original message
175. Adding to the demise of the USPS, one letter at a time.
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kestrel91316 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 10:35 AM
Response to Original message
179. So, those of us who won't start collecting for a decade or more are stuck with the debit card???
Because I sure as s--- can't "sign up" for direct deposit yet, unless there is a provision for doing it way in advance of collecting.
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