Final answer:
The maximum weekly amount for an EDD cardholder to transfer to their checking account is not $5000.
Step-by-step explanation:
The answer to the question is False. The maximum weekly amount for an EDD cardholder to transfer to their checking account is not $5000. It is important to note that the specific limit for transferring funds from an EDD card to a checking account may vary depending on the terms and conditions of the EDD program and the card issuer.As of my last knowledge update in January 2022, the specific details of benefits and transfer limits for Employment Development Department (EDD) cards in California may have changed. Therefore, it's essential to verify the most recent information from official sources.
Historically, EDD cardholders were subject to certain withdrawal and transfer limits. The amount that could be transferred from the EDD card to a checking or savings account was capped. However, the exact limit could vary, and it might not have been a fixed amount like $5000.
To obtain current and accurate information about transfer limits and other details related to EDD card transactions, it is recommended to check the official EDD website or contact the EDD directly. The information provided on the official website or through official communication channels will be the most reliable and up-to-date.