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Mon December 23, 2013
ATM fees on unemployment debit cards to go down
People getting unemployment checks in Michigan will get a break on ATM fees next year.
Michigan issues unemployment checks on debit cards.
The old cards were issued by Chase Bank. Many people complained about unfairly high fees for using the cards at ATM machines.
For example, people had to pay a dollar to check their account balances.
Kurt Weiss is a spokesman for the Department of Technology, Management and Budget.
He says people will see that fee and many others go away after Bank of America takes over.
"This is gonna be a much better tool for them, and cheaper for the state, so really everybody wins on this," says Weiss.
The new contract will cost the state about 100,000 dollars a year. That's a savings of 150,000 dollars over the old contract with Chase.