LOS ANGELES, Mar 2, 2004 (BUSINESS WIRE) -- U.S. Bank is helping California
residents stretch their California welfare benefits by waiving the non-account
holder access fee at all U.S. Bank ATMs in the state.
The Electronic Benefit Transfer (EBT) is the automation of cash welfare
payments. EBT is an alternative to a paper-based, manual benefit issuance and
provides for the transfer and use of welfare benefits through point-of-sale
devices and ATMs. This system is now in place in most California counties.
"Waiving the ATM access fee helps Californians keep more of their payments at a
time when every dollar counts," said Greg Seibly, market president for U.S. Bank
in California. "We're grateful to have worked with such outstanding partners to
bring this positive change to fruition."
U.S. Bank has been working on this project with the California Reinvestment
Committee (CRC), a San Francisco-based economic development organization. CRC
Executive Director Alan Fisher said, "We are pleased to see U.S. Bank take this
important step in reaching out to low-income California residents."
More than 3,000 people have taken advantage of the free U.S. Bank ATM usage
since the enhancement went into effect in mid-January. U.S. Bank has a growing
presence in California with 234 branch offices and 284 ATMs throughout the state
from Crescent City to Chula Vista.
U.S. Bancorp (NYSE:USB), with assets of $189 billion, is the 8th largest
financial services holding company in the United States. The company operates
2,243 banking offices and 4,425 ATMs in 24 states and provides a comprehensive
line of banking, brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. U.S. Bancorp is
home of the Five Star Service Guarantee which assures customers of certain key
banking benefits and services or customers will be paid for their inconvenience.
U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web
at usbank.com.
SOURCE: U.S. Bank Media
CONTACT: U.S. Bank Media Relations
Teri Charest, 612-303-0732
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SOURCE: U.S. Bank Media
