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As a part of its implementation, the US Treasury Department paired with Comerica Bank and MasterCard in 2008 to offer the Direct Express Debit MasterCard prepaid debit card, which can be used to make payments to federal benefit recipients who do not have a bank account.
Direct deposit is a payment option where your funds are electronically transferred to your checking or savings account, eliminating a need for physical checks.
With direct deposit of your paychecks and automatic payment of your bills, you don’t need to worry about mail delays and shuttered bank branches.
“If you have a direct deposit of more than $5,000 a month into your bank account, you’re in a prime position to not just manage, but actively grow your wealth,” said Andy Chang, founder and ...
Green Dot also transfers individuals' direct deposit funds (such as Social Security payments) from the US government to personal bank accounts. They also provide co-branded card programs to Walmart , Boost Mobile , AT&T and Citibank .
Debit Mastercard is a brand of debit cards provided by Mastercard. They use the same systems as standard Mastercard credit cards but they do not use a line of credit to the customer, instead relying on funds that the customer has in their bank account.
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