Prepaid Debit Cards and Social Security
There are a lot of people in this country that are “under-banked.” These are people who don’t keep their money in banks or at least don’t have a checking account because either they don’t want one or they can’t qualify for one. And a lot of these people are elderly.
So what happens when one of these senior citizens becomes eligible for Social Security? How do they receive their benefits? After all, they don’t have bank accounts set up so the government can’t just automatically deliver their money to them electronically.
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