1/11/12 Another Victory Against The Banks!!!

US Bank ReliaCard

Due to pressure from an ongoing campaign by SEIU 503 and ESSN, as well as timely collaboration with multiple Occupy groups throughout Oregon,  State Treasurer Ted Wheeler announced yesterday, several key changes to the State’s Reliacard program that is contracted through US Bank. Many people had complained about excessive user fees instituted by US Bank against Reliacard users and our collective efforts to reign in these excessive bank fees have paid off!  We CAN change things when we work together!

Among the new changes:

Continue to make point-of-sale purchases and receive cash
back with no charge, like any debit card, at any merchant that accepts
VISA-branded debit cards.

Be able to visit bank tellers for free and an unlimited
number of times at any bank that accepts VISA-branded credit cards.
That’s a significant improvement from the current contract, which
allows cardholders only two free teller visits a month.

Have free and unlimited withdrawals from US Bank-branded
ATMs. That is a significant improvement from the current contract,
which allows cardholders only two free ATM visits a month.

Continue to have two withdrawals a month from non-US
Bank-branded ATMs, without US Bank charges. That is a unique benefit
in Oregon’s contract that was negotiated because of the understanding
that not all Oregonians live near a US Bank branch.

No longer be exposed to overdraft fees. As a result of
congressional action, the new contact will eliminate an opt-in
overdraft protection option, which had allowed cardholders to exceed
their balances.

Continue to make point-of-sale purchases and receive cash
back with no charge, like any debit card, at any merchant that accepts
VISA-branded debit cards.

Celebrate this victory!!!