The EDD informed me that my Unemployment check would now be issued to a BofA debit card and should arrive in 3 business days. I called after 5 and was told that BofA was running closer to 5 to 7 business days. After 9 business days EDD said that I would have to call BofA and report the card stolen. I did and BofA said that I would have to wait another 10 days for a new card; however, for a $15 fee I could get my money at Western Union. I asked why I couldn’t show my ID and go to BofA for free to pick up my money. They said it is because I don’t have a checking account just a debit account that I can’t access because I don’t have a card. They also can’t transfer my money to my credit union checking account until I have the card. If BofA can give me my money through Western Union by showing my ID for $15 why can’t they give me my cash for free through a BofA branch? This is pure extortion.
I do see how BofA and Western Union are making out on fees and collecting interest on other people’s money while they wait for their debit cards. I do not bank with BofA for a reason. They are crooked and incompetent!
By the way I don’t see how the EDD is saving much money with the debit card because they still have to print and mail the bi weekly claim form. Why in the world did they not send out debit cards with a zero balance 10 days before the first EDD payment to allow people to receive and activate their cards before the switch? I can tell you why because the amount of money that EDD is paying BofA daily must be in the millions and the interest on that amount of money isn’t small. No wonder it is so hard to get the system to work smoothly. I bet someone got a big bonus for this at BofA at the expense of the unemployed. No wonder BofA is doing this for “free” for the state. They are making out like the bandits that they are. I smell kick backs to someone at EDD. Have any top officials made any big purchases lately? How did Western Union get a piece of the action?