I haven't heard about shutting off the funds. Anyone else?
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For the sake of the national emergency, could those cards be nullified? (Meaning no store is allowed to accept them, and/or no bank is allowed to process money through them.)
The banks skim a point or so off the top in transaction fees. I wouldn't doubt that the Feds let them hold the funds but make them buy Treasuries to help stabalize the economy, too. The machine isn't going to cancel them willingly.