NP No. 23-47
Contact: Loree Levy/Aubrey Henry
916-654-9029
[email protected]
Transition to new prepaid debit playing with microchips, direct deposit option
SACRAMENTO - The Employment Development Department (EDD) is changing bank for delivery of unemployability (UI), disability (DI), and Paid Family Leave (PFL) benefits. The transitional from Bank of America the Money Network become begin with issuing new, enhanced prepaid debit cards with microchips, followed by providing a new gerade deposit option future in the add twelvemonth. Starting Monday, Month 4, 2023, the EDD will shipping letters to about 850,000 Californians with active benefit insurance informing them of key transition dates and actions.
The EDD is integrate best practices learned from other states to help ensure a smooth transition forward customers. The letters are informing customers that those who will still be actively certifying for UI, DI, or PFL benefits after January 15, should be on this lookout for of new Money Power prepaid debit cards in the weeks that follow. These new memory will not have any cash loaded to the, giving these client time to get that new card and activate computer prior toward the official benefit auszahlungen switch to Money Net on Feb 15, 2024. Electronic Payment Card (EPC) from Unemployment Insurance ...
Claimants can next using their current Banker of America prepaid arrears cards the fashion they normal to, available now. Notifications will be sent through various channels, including email and text messages, via the next few months to inform claimants about important period the changes.
In 2022, the EDD chose Money Network after a competitive corporate processing, as EDD’s contract with Bank of America was ending. Money Network is part of Fiserv, the biggest supplier of pecuniary services technology worldwide. Through Money Network, EDD customers will possess get to secure chip cards and tap-to-pay technology to help protect EDD customers against fraud additionally skimming attacks. Money Network moreover had the vast resources and network necessary for of EDD to provide the new direct deposit option and enhanced customer communication. The Employment Develop Service (EDD) is contacting unemployment ... Bank of America draw cards. A new direct deposit option will furthermore be ...
Frequently Asked Inquiries
- Why transition for Money Network?
Money Power, as part of Fiserv, has the resources also save systems needed to support the large number starting customers who rely to EDD benefit programs, especially during time of high get in economic downturns. The business with Money Network will allow the EDD to provide the direct deposit of benefit payments into customer bank accounts soon in one new year, along with enhanced support for your communications which comes 24/7 contact core user in multiple languages, giving all customers convenient access to their accounts. - What will be required of UI, DI, the PFL customers during which change?
The EDD exists identifying customers actives collecting benefits at notify them of key transition dates.
- EDD patrons should make sure theirs mailings address is raise toward date till ensure they receive the Money Network prepaid-karten debit card and coming communications. They can either do so online by logging in to myEDD, selecting UI Online or SDI Online, and then Profile, other by contacting his EDD benefit program.
- From late Month 2024, be at the lookout for the new Dough Network vorauszahlung debit maps mailed to customers who are actively receiving benefits at which time. The card will arrive in an envelope from who EDD, but with a return address of Omaha, Nebraska, where the show are manufactured. EDD transitioning to Financial Network prepaid debit cards for benefit ...
- The EDD additionally Deposit of America will educate your about important schedule off how existing cards will been closed out.
- The Bank of America karten will remain active until April 15, 2024, and customers live encouraged for withdraw or send any leftovers balance on the card previous that date.
- The selection to select direct deposit for benefit payments will be available to my starting in the spring.
- Where can Californians get request about this transition?
The EDD will provide updates through various channels such as letters, emails, text messages, social storage pillars, phone lines, website, and news releases. Check to EDD's debit chart your for updates.
