Direct Deposit works exactly how it should. I originally picked up the American Express Serve Card to receive Unemployment Insurance payments. In New Jersey, Unemployment does not mail paper checks anymore, you either have to have them directly deposit the funds into your preexisting account or they will mail you a Bank of America Visa debit card connected to an account that's only ability is to accept direct deposits from Unemployment and then use the card as if you would any regular debit card, i.e. ATM withdrawal and purchases. While there are a good amount of Bank of America locations in my area, they charge a $3-$4 ATM fee in addition to whatever fee the ATM owner/operator assesses in the event you do not use a Bank of America ATM. Also, honestly it bothered me that the State of New Jersey has an arrangement with Bank of America to swell its coffers with all the accounts of everyone receiving Unemployment payments. I wonder which State Senator received a new addition on their house or a trip to Bermuda compliments of Bank of America to get that policy enacted. Anyway, I picked up the American Express serve card which works in collaboration with MoneyPass to provide free ATM access, and there is a plethora of locations available. When you buy the card at the store, you're buying a temporary card with the permanent one being mailed to you by American Express with your name on it. You setup direct deposit like any other one offered by an employer, American Express provides you with an account number and a routing number to provide the depositor, whether an employer or any other entity. The direct deposits works very quickly relative to how slowly banks seem to allow you access to your own money (it's wild how they can automatically deduct the money from you in a heartbeat, but when money is owed to you it takes at least a few days). NJ Unemployment would send the deposit through on Monday and I'd have access to the money Tuesday morning at 4am or 5am. Any amount is allowed and they waived all the account maintenance fees as I was depositing more than $1000/month. I ended up keeping the card as it has a ton of excellent features like billpay where you can pay any bill with an electronic deduction, or if for some reason they require a check, you can actually have American Express mail a paper check to whomever you need to pay. I've read reviews where individuals have had a check mailed to their address with their land lord's name on it to pay their rent. Also, anybody else with a Serve card can send you money or vice versa in a few clicks, for free, instantly right on their website. Whomever is receiving money will have an email sent to whichever email address the payer provides a few seconds later informing them, they click the link in the email and it adds the payment to their account instantly. There are many other features that you can access from their website or you can download their application on your android phone and have all the same features available. All in all, I think it's the best type of one of these cards out there, I've had several and the only one I didn't have a problem with is this one.
Direct deposit works fine. It's when you try to get the money back off the card you run into issues. Only debit card I've ever heard of with no cash back! "Not a feature of the card" according to their customer service. Hope you like ATM fees!
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