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View Diary: New Bank Fee-for-All: Truly Despicable Charges (111 comments)

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  •  This is my 2 cents on it..... States have been (9+ / 0-)

    trying to cut budgets for a number of years.  The banks go to the state and say, "we'll handle all the processing of claims once you've set them up.  you won't have to do anything once entered, except maybe answer client questions."  The State would no longer need to maintain staff that maintains this particular subset of software.  They no longer need staff that prints, the ink, paper, etc to write out the checks.  In theory, the State would save money to go electronic and the bank is probably giving a 'good' rate to the State because they know that they can make up the difference in debit card fees.

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