Cash Pay Advance

More than 4 million Social Security and Supplemental Security Income recipients who do not have bank accounts will now have the option of getting a prepaid MasterCard debit card with their benefits instead of a paper check. Changing from a paper check to a debit card means those without bank accounts will not have to use expensive check cashing facilities or carry around large amounts of cash, the Treasury Department said Monday. The cards can be used just like regular debit cards, allowing recipients to get cash, pay bills and make purchases anywhere MasterCard debit cards are used. Just like the 40 million people who get their Social Security benefits directly deposited into their bank accounts, debit card recipients will no longer have to worry about their checks being stolen or lost in the mail because the government will automatically transfer their benefits to their cards at the beginning of the month. Find Out More

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