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As of february 15, 2025, edd stopped funding new benefits onto bank of america prepaid debit cards. If you are eligible for benefits, your payments are usually deposited into your bank account within three days. The timing of when you receive your direct deposit varies based on when your. The employment development department (edd) has changed banks, and is now issuing unemployment, disability, and paid family leave benefit payments to a money network prepaid. I had a pua claim in 2025 and the benefits were paid out to my bank of america card. It got locked last april and bofa is adamant that edd closed it. I spent months running around with. Activate your prepaid debit card to get your edd benefits. Use your card everywhere debit mastercard® is accepted and at thousands of atms nationwide. Use the money network app¹. Your funds are insured up to $250,000 by the fdic in the event bank of america, n. a. Fails, if specific deposit insurance requirements are met. See fdic. gov/deposit/deposits/prepaid. html. Starting february 15, 2025, the employment development department (edd) begins issuing payments for unemployment, disability, and paid family leave customers on new money. Here are the answers to frequently asked questions.