Cards distributed to the unemployed will not
be affected by Bank of America’s (BofA) new card fees, the issuer
has confirmed.
Prepaid cards issued by the bank via the South
Carolina Department of Employment and Workforce (DEW) will not be
affected by BofA’s newly-imposed $5 per month debit card usage
fee.
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BofA has introduced the fees in a bid to
offset revenue lost by the introduction of new regulations.
The prepaid DEW cards were introduced in 2010
by Visa and BofA as a way for unemployed South Carolina residents
to claim their benefits.
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