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:
Armed police sent to domestic incident in Douglas
Police say armed officers were sent to deal with a domestic incident in Douglas today.
New sex health centre for Douglas
Manx Care says it's opening a one-stop shop for sexually-transmitted infections and contraception.
Minister defends school bus pass cuts
Infrastructure Minister Tim Crookall says putting more buses into service wouldn't be good for the environment.
Stay away from Murray's Road, say police
Police are warning people to stay away from an area of Douglas this afternoon.
Birthday lifesaver acknowledged at police awards ceremony
A birthday hero who saved a life has been honoured by the Island's chief constable.
Ferry trips to Ireland on today's House of Keys agenda
The House of Keys sits later today, with a number of issues up for discussion.
Huge collection of work from Manx artist to go on show
The worlds largest collection of a famous Manx artist is going to be shown at the Manx Museum.
Could you be at risk of a cyber attack?
The government has issued a warning about a significant risk of cyber attack to routers on the Island.
