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The Direct Express Debit MasterCard card, designed as a safe, convenient alternative to paper checks that people without bank accounts may choose, is currently being introduced in 10 states, and will be rolled out nationwide this summer.
According to the Treasury, about 4 million Social Security and SSI recipients do not have bank accounts, and have had to depend on paper checks for their monthly payments.
"People without bank accounts now have a user-friendly, practical alternative to paper checks for their monthly federal benefit payments," said FMS Commissioner Judith Tillman.
The Direct Express card offers cardholders free access to their money. There is no sign-up fee, and no bank account or credit check is required to enroll. Cardholders can make purchases, pay bills and get cash at thousands of ATMs and retail locations.
An education campaign will accompany the launch of the card and will promote debit card literacy among likely users, reaching them through print and Web materials, public service announcements, direct mail and partner organizations.
Treasury has engaged a financial agent, Dallas-based Comerica Bank, to issue this nationally available card exclusively for payment of federal benefits. People currently receiving Social Security or Supplemental Security Income (SSI) checks in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina and Texas have received information about the card. People may sign up for the card by calling toll-free 1-877-212-9991 or visiting www.USDirectExpress.com.
