Government-Administered, General-Use Prepaid Cards
Report to the Congress on Government-Administered, General-Use Prepaid Cards - August 2018 Accessible Version
Figure 1. Funds disbursed through prepaid cards in 2017 by program type
| Program Type | Billions of dollars |
|---|---|
| Tax refund | $0.2 |
| Payroll | $0.4 |
| Veterans | $1.0 |
| WIC | $1.2 |
| Other | $2.6 |
| Cash assistance | $6.4 |
| Child support | $13.3 |
| Unemployment | $19.9 |
| Social Security | $34.7 |
| SNAP | $64.2 |
Note: Cash assistance includes Temporary Assistance for Needy Families, Low Income Home Energy Assistance Program, child care, refugee assistance, and general assistance programs
Figure 2. Cardholder fees: revenue and average fee charged in 2017, by type of fee
| Variable | Revenues (millions) | Avg Fee |
|---|---|---|
| Overdraft | $0.4M | $0.85 |
| Routine Monthly | $2.5M | $5.76 |
| OTC | $0.7M | $3.43 |
| Purchase Transaction | $3.3M | $0.28 |
| Penalty | $2.5M | $0.59 |
| Customer Service Inquiry | $13.2M | $0.38 |
| Account Servicing | $42.3M | $2.61 |
| ATM | $85.7M | $0.97 |
Note: Size of bubble represents total revenue from fee.
Position of black dot on vertical-axis represents average fee when charged.
Last Update:
August 16, 2018