By INC
Jefferson City, MO – People out of work in Missouri may need to get to work in reading the fine print if they're collecting Unemployment Insurance benefits.
A new report from the Pew Center on the States finds that many receiving their payments on debit cards are getting dinged by fees. For example, in some states, the cards carry overdraft fees of up to 20 dollars.
Lauren Saunders, managing attorney for the National Consumer Law Center says the Missouri unemployment debit cards do not charge overdraft fees, but there are other fees to consider.
Direct deposit is an option in Missouri. There are upsides to the cards because they save states money, those collecting benefits have access to their money sooner, and people without bank accounts can avoid check-cashing fees because they can access cash at an ATM. The Missouri Access debit cards are issued by Central Bank, and the Missouri Labor Department has posted a schedule of fees on their website.
