Supporters of the Occupy Money Financial Cooperative are backingup their slogans with cash, just not very much and not veryquickly.

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The financial effort launched by organizers of the originalOccupy Wall Street protest seeks to raise funds to launch a prepaid card that, organizers say, will provide arange of financial services at a lower cost to lower-income andunderserved consumers.

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The organization seeks to raise almost $1 million for its initial budget.

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But according to the organization's website, the cooperative hasraised $3,554 of the needed funds just about two weeks into itsfundraising effort. The organizers have not yet commented onthe donations.

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The budget organizers provided set the organization's initialstart-up costs at $460,000 and starting costs to launch the cardand provide start-up capital for that at $450,000. Thestartup costs for the organization included $330,000 for staff andabout $35,000 for rent and utilities on office space, among othercosts.

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Organizers have maintained the pledge that the card will carryFDIC insurance, but still have not revealed which bank would issuethe card for the group, nor have they shared any details of how thegroup chose the issuer.

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However, while the organizers did not reveal the name of itscard issuer, they did share the card's schedule of fees.

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While a $5 donation to the group will get supporters a card, thecards themselves will be free, the organizers said, and will cost99 cents per month unless the cardholder pays an unspecified amountand opts to become a “no monthly charge” member. Second orthird cards will cost $1.99 each, according to the schedule.

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Direct deposits to the card will be free, but if cardholdersdeposit cash onto the cards at one of several different retaillocations, those locations will charge fees of between $3.74 and$4.95.

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Depositing checks to cards instantly will cost cardholders 1% ofbusiness or payroll checks and 4% of personal checks, though theorganization said cardholders could avoid this fee by agreeing to aseven day hold on funds deposited from checks.

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Accessing money from the card at ATMs will cost $1.95 per use,but there will be no charge for cash back at the point of sale andno costs to use the card with a signature or PIN.

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The card will also offer the option of accessing funds by check,but each of these options will carry a fee and the organizationsuggested finding out if a bill can be paid with the card alone,which remains free.

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