Treasury Minister Alex Allinson says scrapping the cash benefits payments system will save money paid to the Post Office but cost government more in bank charges.
In the House of Keys today he faced questions about the end of the MiCard scheme which is used by 3,000 people.
From the end of December next year, they'll need a bank account to receive benefits payments.
But he told MHKs the Treasury had spoken to banks about worries people can't open accounts:
Minister says GP waiting times have improved, but delays still impact A&E
The average wait to see your GP is 7.4 days according to the Health and Social Care Minister.
Crash closes section of the Mountain Road
Police have closed a section of the Mountain Road this morning due to a crash.
Island's prison nears full capacity
The Isle of Man Prison is operating close to full capacity, with almost 90% of available spaces currently occupied.
Beach hut owner praises youngsters for owning up to break-in
A Port Erin business owner has spoken out after one of her beach huts was broken into earlier this week.
Questions raised over Cair Vie Windfarm funding
Concerns over the financing of the proposed Cair Vie windfarm were raised yesterday in the House of Keys.
Crogga still owes the Isle of Man Government money
The company which planned to drill for gas off the Island's northeast coast still owes the government £22,363.
DoI says works at Liverpool ferry terminal will take longer
The Department of Infrastructure says contractors need more time to carry out work at the Liverpool ferry terminal.
Over 50 employment tribunals outstanding at the DoI
The Department of Infrastructure has 53 employment tribunals outstanding, according to Cabinet Office Minister David Ashford.
