Starting in July, a new law in Kansas will restrict the amount of cash a welfare recipient can take out of ATM’s to just $25 a day—a move that critics say introduces a whole new host of financial burdens—including high ATM fees and travel costs—when they access cash.
Max Ehrenfreund at the Washington Post explains:
Since most banking machines are stocked only with $20 bills, the $25 limit is effectively a $20 limit. A family seeking to withdraw even $200 in cash would have to visit an ATM 10 times a month, a real burden for a parent who might not have a car and might not live in a neighborhood where ATMs are easy to find.
The law, backed by a GOP-dominated Kansas legislature and Republican Gov. Sam Brownback, will benefit the pockets of large banks while taking money from poor families who rely on food stamps.
Latest posts by Carol Adl (see all)
- Russia Calls For UNSC Briefing Over Deadly US Airstrike On Mosul - March 28, 2017
- Russia’s Meddling In US Election ‘An Act Of War’ Says Dick Cheney - March 28, 2017
- Syria Warns Israel It Will Fire Scud Missiles In Response To Airstrikes - March 27, 2017