Named the MyAccountCard Visa(R) Prepaid Card, the card are released by Bonneville lender behaving within its capability as a Treasury-designated monetary agent
MONROVIA, Calif., Jan 13, 2011 (BUSINESS WIRE) — Green Dot (NYSE: GDOT), a respected prepaid financial providers company, today established it’s going to serve as system supervisor for a U.S. division on the Treasury pilot program whereby Us citizens can get their federal income tax refunds via North Carolina title loan drive deposit to a prepaid debit credit. Green Dot was actually selected by Bonneville Bank to provide regimen management services and Green Dot Network may also act as the unique reload system the prepaid debit notes.
The MyAccountCard Visa(roentgen) Prepaid Card provides Us americans that do not have a normal bank-account a secure, convenient and low-priced solution to get their particular tax refund. Additionally, the card may be used to get wages by drive deposit, obtain cash, buy things and pay bills online.
“We think that most Us citizens needs to have accessibility safe, low-cost, FDIC-insured banking items to deal with their particular everyday transactional requires. S. Treasury to aid much more Us citizens enter the economic main-stream along with their own prepaid debit card levels and avoid the price and also the times involved in otherwise waiting around for and cashing a tax refund check,” said Steve Streit, president and Chief Executive Officer, Green Dot business. In February, 2010, Green Dot joined into a definitive contract to find Bonneville Bank, at the mercy of regulating affirmation.
Beginning the month of January 18, 600,000 letters are mailed across the country to decreased- and moderate-income people, who’re likely to be unbanked, appealing these to posses their unique 2010 national taxation reimbursement drive transferred to a MyAccountCard prepaid debit card. The MyAccountCard is a reloadable, prepaid Visa(R) debit card that is recognized at shops, online and every-where Visa debit is actually acknowledged. The cards can also be used to conduct daily economic deals. The cards highlight free online costs cover, free ATM funds distributions at almost 15,000 ATMs all over the country, free of charge money back at participating retail stores and complimentary customer support. Furthermore, like all Green mark services and products, you will find never ever any penalty fees or overdraft charges of any sort. MyAccountCard debit cards could be loaded with proceeds from payroll or authorities direct deposit and that can end up being reloaded with profit in excess of 50,000 retail stores across the country through the Green mark Network.
Together with the prepaid debit cards regimen deciding to make the taxation refund process far better, this system is made to promote average and low-income People in america the ability to use an FDIC-insured reloadable prepaid debit credit as a secure convenient and economical tool to handle their particular day-to-day financial requires. Additional information on the MyAccountCard can be located at .
The MyAccountCard Visa(roentgen) prepaid credit card can be used for every day monetary transactions, instance getting wages by immediate deposit, withdrawing profit, making acquisitions, paying expenses and a lot more
Green mark try a prominent prepaid financial services organization offering easy, inexpensive and convenient funds administration answers to a diverse base of U.S. consumers. Green mark in addition has and works the Green Dot Network, the nation’s trusted prepaid card reload network. Green mark items are available on the net at greendot at approximately 50,000 stores, such as Walmart, Walgreens, CVS, Rite help, 7-Eleven, Kroger, Kmart, Meijer, and broadcast Shack. Green mark try based in better la area. To get more info, consult greendot.
Bonneville financial, a part of Bonneville Bancorp, is found in Provo UT, and also been serving the Utah area people since 1978. In March, 2010, Green mark entered into a definitive agreement to buy Bonneville Bank, at the mercy of regulating approval.