Securities products are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S", or "Merrill"), a registered broker-dealer, registered investment adviser, Member SIPC layer, and a wholly-owned subsidiary of Bank of America Corporation. You should review any planned financial transactions that may have tax or legal implications with your personal tax or legal advisor. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Note: Participation in this program is subject to change, please review participating Financial Institutions prior to traveling internationally and using International Partner ATMs. To insure that your currency conversion does not incur a fee higher than 3%, you may refuse the ATM operator's offer to convert the amount of the transaction. Footnote 2 Foreign ATM operators may offer to do your currency conversion for you, but they may charge a higher fee for conversion. China Construction Bank (Mainland China, excluding Hong Kong)īank of America will assess an international transaction fee of 3% of the converted US dollar amount.Westpac Bank (Australia and New Zealand).Scotiabank (Canada, Mexico, Peru, Chile, and the Caribbean countries: The Bahamas, Barbados, Cayman Islands, Dominican Republic, Jamaica, Trinidad & Tobago, and Turks & Caicos Islands).Barclays United Kingdom (England, Scotland, Wales, Northern Ireland, Jersey, Guernsey and the Channel Islands).The Department is dedicated to improving its customer experience, modernizing technologies and self-service options, simplifying forms and notices, and increasing efficiencies for staff with updated policies and procedures – all focused on making the experience of the EDD’s customers easier and faster.Use your Bank of America ATM or debit card at one of our International partner ATMs and avoid the non-Bank of America ATM $5 usage fee for each withdrawal, transfer or balance inquiry Footnote 1 as well as the ATM operator access fee. This update is one of many upcoming customer service enhancements that are being introduced as part of a transformational period for the Department called EDDNext. Starting this spring, the EDD will begin phasing in a new direct deposit option for payment of customers’ benefits administered by Money Network, which will be described in forthcoming communications from the EDD. Visit Help Fight Fraud for tips on how to avoid scams. The EDD encourages customers to remain vigilant and safeguard their financial and personal information. The EDD’s text messages only link to websites that include “edd.ca.gov”. Text messages asking to activate a benefits debit card by selecting a link are scams. The EDD will never request personal information by text message, email, or on social media. Customers are encouraged to use or transfer any remaining balance on their debit cards before that date. IMPORTANT DEADLINE: April 15, 2024, is the last day individuals will be able to use their Bank of America debit card. The messaging follows letters, emails, and text messages sent in early December to all active customers at the time advising them of the upcoming change and key dates involved.Ĭheck the EDD's debit card webpage for updates. Important details on what the EDD’s customers should expect throughout this transition are being delivered through personal emails and text messages in late January. The cards will arrive in a plain, white, letter-sized envelope from the EDD with an Omaha, Nebraska (NE) return address since that is where the cards are manufactured. Individuals who don’t receive their card after that period may contact Money Network at 1-80. For example, if an individual qualified for a payment on January 15, allow until February 1 to receive that new Money Network Card. The EDD asks customers to allow up to 14 business days for that unfunded Money Network Card to arrive. A new direct deposit option will also be added later this year. Beginning February 15, benefit payments will be issued to the Money Network Cards and no longer to Bank of America debit cards. Starting January 15, customers who qualify for payments will receive a payment issued to their Bank of America debit card as well as be sent an unfunded Money Network Card. The Employment Development Department (EDD) is contacting unemployment, disability, and Paid Family Leave customers with timelines and information to assist in the transition from Bank of America debit cards to Money Network prepaid debit cards. Contact: Loree Levy/Aubrey on new cards will begin after February 15
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