The new agreement with Comerica Bank implements rigorous customer service requirements, requires more reporting, reduces cardholder fees for certain transactions, and lowers the overall cost to the federal government from the previous agreement. Based on this review, Fiscal Service determined that Comerica Bank will continue to provide the best overall value to the American public, existing and new cardholders, and the federal government in terms of reliable access to benefit payments, service, and cost. The new agreement is for five years, beginning in January 2020.įiscal Service selected Comerica Bank, which is the current financial agent for the program, after conducting a competitive selection process and evaluating proposals from multiple financial institutions. Department of the Treasury’s Bureau of the Fiscal Service (Fiscal Service) today announced the selection of Comerica Bank as the financial agent for the Direct Express ® prepaid debit card program. Treasury’s Bureau of the Fiscal Service Selects Comerica Bank to Continue Prepaid Debit Card for Unbanked Please enable JavaScript to use all features.Ĭomerica Bank to Continue Prepaid Debit Card for Unbanked Some features of this site will not work with JavaScript disabled.
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