Unemployment Insurance Claimants to be Issued New Debit CardsMay 16, 2014 - UIA customers who receive their unemployment benefits by debit card will have their Chase-issued debit card replaced by a new card issued by Bank of America.
As a result of a new State of Michigan contract, Bank of America replaces Chase as the company which issues the debit cards.
Funds will not be loaded onto the Bank of America cards until June 2, 2014, but debit card holders are urged to activate the new card immediately.
“Bank of America began mailing the new cards to claimants May 14, 2014,” said UIA Director Sharon Moffett-Massey. “But customers should continue to use their current Chase debit card until the balance is gone. Funds on the current card cannot be transferred to the new card.”
Claimants who are eligible to receive unemployment benefits have the option of receiving them via direct deposit or through a debit card. The debit card can be used to purchase goods and services everywhere the debit MasterCard is accepted. Cardholders may also access cash with no fees by using Bank of America and Allpoint ATMs.
Unemployment benefits are added to workers' debit cards or deposited into their savings or checking account within two or three days following the workers' bi-weekly certification of eligibility by phone or online. Currently, about 35 percent of claimants opt to receive their payment via debit card.
For information on electronic payment options for receiving unemployment benefits, including debit card or direct deposit, visit the UIA website at www.michigan.gov/uia. For more details about use of the Bank of America debit card, including frequently asked questions and an ATM locator, visit www.bankofamerica.com/miuiadebitcard.