Saturday, February 21, 2009

fyi unemployment folks

jobless being charged interest and fees to get their money out of the bank

"For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even when they're collecting unemployment benefits, they're paying the bank just to get the money — or even to call customer service to complain about it.

Thirty states have struck such deals with banks that include Citigroup Inc., Bank of America Corp., JP Morgan Chase and US Bancorp, an Associated Press review of the agreements found. All the programs carry fees, and in several states the unemployed have no choice but to use the debit cards. Some banks even charge overdraft fees of up to $20 — even though they could decline charges for more than what's on the card."

um, aren't these the folks who we just bailed out in order to save THEIR jobs? just askin'- hopefully that was free.

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