EDD Money Network card questions - bank transfers and payment schedule

I got a pamphlet about this in the mail last week. Yes, you'll be able to transfer money online to your bank account through their website or mobile app. And yes, your UI payments will load automatically every 2 weeks just like with BofA. The basic features seem pretty similar. The Money Network card actually has more fee-free ATMs than the BofA card did (something like 100,000 nationwide). No monthly fees and you get 4 free teller withdrawals per month. As for your current balance, my understanding is you should use up all funds on your BofA card before the switch. EDD said they'll send detailed instructions about the transition soon.

I had the old BoA card to. its better to take out all the $$$ before they switch u over. My friend from work had some issues when they did a similar change with the state disability cards last year and some of her money was stuck in limbo for like 3 weeks!!! Better safe then sorry

Just a heads up - I've been through a debit card transition before with a different government benefit and there were some issues initially. The Money Network system should be fine once it's up and running, but the transition period might be rocky. If you want to be 100% safe, I'd recommend: 1. Taking screenshots of your current BofA balance and recent transactions 2. Withdrawing most (if not all) money before the switch 3. Setting up the Money Network online account IMMEDIATELY when you get the card 4. Having a small financial buffer if possible for the transition period I think EDD is terrible at communicating these changes clearly. The website never has enough details when they roll out something new.

Hey everyone, I just got through to an EDD rep today after trying for days (used Claimyr.com - they connected me in about 20 minutes instead of spending hours redialing). The agent gave me some additional details about the Money Network transition: - All new cards will be mailed by June 30th - There is a transfer limit of $7,500 per day to your bank account (higher than BofA's limit) - The old BofA cards will work for 60 days after the transition, but no new payments will be added to them - They recommend withdrawing or using your BofA balance before August 31st - The Money Network mobile app is supposed to have better features than the BofA app If you need specific answers about your situation, I highly recommend checking out their demo video: https://youtu.be/JmuwXR7HA10?si=TSwYbu_GOwYzt9km - saved me so much time and frustration!

my neighbor works at EDD (not call center tho) and she said the money network cards are actually way better than BoA. apparently BoA was charging EDD tons of money for those cards and that's why they switched. but yeah definately take out ur money from the old card first!!!

I got my Money Network card early somehow (pilot program maybe?) and I can confirm the online transfers work fine! The app is actually decent - way better than BofA's glitchy mess. You can set up automatic transfers to your bank when payments hit which is nice. One thing to watch for - when you activate the card, make sure you write down your account/routing numbers. You need those for direct transfers and they're not printed on the card itself.

To answer the original question about automatic payments - yes, your bi-weekly WBA (Weekly Benefit Amount) will be automatically loaded onto the Money Network card exactly the same way it worked with BofA. The payment schedule isn't changing at all. One other thing I learned: Money Network has a feature where you can temporarily lock your card through the app if you misplace it. The BofA card didn't have that option and it was always a pain if you thought you lost your card but didn't want to fully cancel it.

I just wanted to add something that might help ease your worries - I went through a similar card transition with CalFresh benefits last year and it was actually smoother than I expected. The key is definitely preparing ahead of time like others have mentioned. One tip: when you get your new Money Network card, activate it immediately even if you're still using your BofA card. That way if there are any activation issues, you have time to resolve them before your BofA card stops working. I made the mistake of waiting until the last minute with my CalFresh transition and had a few stressful days. Also, Money Network's customer service is supposedly much better than BofA's - my caseworker mentioned they actually have people you can talk to instead of endless phone trees. Fingers crossed that's true!