Bank of America EDD (Employment Development Department) is a program that provides unemployment benefits to eligible individuals in California. In this blog post, we’ll explore what Bank of America EDD is, how it works, and how you can use it to receive your unemployment benefits.
What is Bank of America EDD?
Bank of America EDD is a program that allows eligible individuals to receive their unemployment benefits via a debit card issued by Bank of America. The program is administered by the California Employment Development Department (EDD) and is available to individuals who have lost their jobs due to reasons beyond their control.
How does Bank of America EDD work?
Once you’ve been approved for unemployment benefits in California, you’ll receive a debit card from Bank of America. This card can be used to withdraw cash from ATMs, make purchases at merchants that accept Visa debit cards, and pay bills online or over the phone.
Your unemployment benefits will be automatically deposited onto your Bank of America EDD debit card each week. You can check your card balance and transaction history online or via the Bank of America mobile app.
In addition to receiving your unemployment benefits, the Bank of America EDD card also offers a range of other benefits and features, including:
- No fees for transactions at Bank of America ATMs
- Free online and mobile banking
- Access to cashback rewards when you make purchases with your card at select merchants
- 24/7 customer service support
How can you use Bank of America EDD?
To use Bank of America EDD, you must first apply for unemployment benefits through the California EDD. If you’re approved, you’ll receive your Bank of America EDD debit card in the mail within 10 business days.
Once you have your card, you can activate it online or via the Bank of America mobile app. From there, you can use your card to withdraw cash, make purchases, and pay bills.
It’s important to note that there may be fees associated with using your Bank of America EDD card, such as out-of-network ATM fees or fees for using your card to make purchases outside of the United States. Be sure to read the terms and conditions of your card carefully to understand these fees and avoid any unnecessary charges.
Final thoughts
Bank of America EDD is a program that provides unemployment benefits to eligible individuals in California. If you’re approved for unemployment benefits, you’ll receive a debit card from Bank of America that can be used to withdraw cash, make purchases, and pay bills. While the program offers a range of benefits and features, it’s important to understand any associated fees and use your card responsibly to avoid unnecessary charges.
