Seems to like like just another scam perpetrated by the government to act like they give a damn. Just like the Kardashians, it's all about the dollars and fees they're gonna make. Oh, these fees won't be applied if you stay within their "moneypass" network. They know good and well folks are not gonna go outta their way for that mess, especially broke ones. Bastids.

http://articles.moneycentral.msn.com...52601&ucsort=1

Quote :

IRS to put refunds on debit cards
IRS prefers direct deposit, but will offer debit cards to taxpayers without bank accounts.

Posted by Teresa Mears Thursday, January 13, 2011 1:00:31 PM

This article is from The Associated Press.

The Treasury Department is offering to put tax refunds on prepaid debit
cards for low-income taxpayers who don't have bank accounts.

The department announced Thursday that it will send letters to 600,000
households next week, offering to put their tax refunds on the debit
cards, which can be used to get money from ATM machines or to buy goods
and services from retailers.

The Internal Revenue Service encourages taxpayers to have their tax
refunds deposited directly into bank accounts. For those without bank
accounts, the debit cards will allow them to avoid check-cashing fees.

Deputy Treasury Secretary Neal Wolin said taxpayers can get refunds faster with the debit cards than with checks.

"This innovative card can be used for everyday financial transactions,
such as receiving wages by direct deposit, withdrawing cash, making
purchases, paying bills and building savings safely and conveniently,
giving users more control over their financial futures," Wolin said.

Cardholders won't have to pay service fees if they use the cards to
withdraw money from ATMs in the MoneyPass network. They will have to
pay regular service fees if they use ATMs outside the network.

The program will also be open to workers who get paid by their
employers using payroll cards, which are similar to prepaid debit
cards. The Treasury Department said more than 1.7 million U.S. workers
receive their wages on payroll cards.

Chris wrote:

Seems to like like just another scam perpetrated by the government to act like they give a damn. Just like the Kardashians, it's all about the dollars and fees they're gonna make. Oh, these fees won't be applied if you stay within their "moneypass" network. They know good and well folks are not gonna go outta their way for that mess, especially broke ones. Bastids.

http://articles.moneycentral.msn.com...52601&ucsort=1

Quote :

IRS to put refunds on debit cards
IRS prefers direct deposit, but will offer debit cards to taxpayers without bank accounts.

Posted by Teresa Mears Thursday, January 13, 2011 1:00:31 PM

This article is from The Associated Press.

The Treasury Department is offering to put tax refunds on prepaid debit
cards for low-income taxpayers who don't have bank accounts.

The department announced Thursday that it will send letters to 600,000
households next week, offering to put their tax refunds on the debit
cards, which can be used to get money from ATM machines or to buy goods
and services from retailers.

The Internal Revenue Service encourages taxpayers to have their tax
refunds deposited directly into bank accounts. For those without bank
accounts, the debit cards will allow them to avoid check-cashing fees.

Deputy Treasury Secretary Neal Wolin said taxpayers can get refunds faster with the debit cards than with checks.

"This innovative card can be used for everyday financial transactions,
such as receiving wages by direct deposit, withdrawing cash, making
purchases, paying bills and building savings safely and conveniently,
giving users more control over their financial futures," Wolin said.

Cardholders won't have to pay service fees if they use the cards to
withdraw money from ATMs in the MoneyPass network. They will have to
pay regular service fees if they use ATMs outside the network.

The program will also be open to workers who get paid by their
employers using payroll cards, which are similar to prepaid debit
cards. The Treasury Department said more than 1.7 million U.S. workers
receive their wages on payroll cards.

I think it's a good idea. It saves paper and it save those without bank accounts check cashing fees. Right?

As long as they're in the network. But that will be the problem for a lot of people. I heard Social Security is moving in the same direction.