NetSpend's prepaid reloadable debit cards, issued by MetaBank and Inter National Bank, member FDIC, look and function just like regular bank debit cards and can be used anywhere those forms of payment are accepted. However, NetSpend's prepaid reloadable debit cards only let a user spend funds that are available on the card. As a result, overdraft fees are not possible. Since users cannot "overspend" there are no interest rates to contend with. NetSpend's prepaid reloadable debit cards offer people more control over their money and spending habits and keep them from getting into financial trouble, which is great news for holiday shoppers -- particularly this year.
"We understand today's financial picture and we want to help Americans
save money and control their spending," said
Having issued more than 16 million prepaid debit and gift cards, NetSpend has one of the most convenient and accessible retail networks in the country, including more than 30,000 card purchase locations and a total of approximately 65,000 debit card reload locations.
NetSpend's suite of products and services provides an efficient system for personal money management, offering more freedom than traditional bank accounts and less oversight on spending than traditional credit cards. NetSpend's prepaid reloadable debit cards enable users to make traditional point of sale and online purchases, pay bills and secure reservations. Cardholders can have all or part of their paychecks or other funds directly deposited onto their NetSpend prepaid reloadable debit card for free, save money through the free NetSpend National Savings Program which offers a 5.00 percent annual percentage yield and receive free "Anytime Alerts" on their cell phone and/or email detailing each transaction made with the card. NetSpend also offers free online bill payment services, online money orders and account-to-account (P2P) transfers -- all services that extend beyond the holiday shopping season.
About NetSpend Corporation
NetSpend Corporation is one of the premier providers of innovative, accessible prepaid debit cards that enable financial freedom for under-banked consumers. Grounded by a mission of financial empowerment, NetSpend is committed to meeting its customers' financial services needs on their terms while offering the convenience, security and acceptance of conventional financial services. NetSpend's proprietary processing platform allows it to support prepaid card programs end-to-end from customer acquisition and card fulfillment to customer service and risk management. The NetSpend(R) Prepaid Card Network includes leading consumer brands and companies serving the un-banked and under-banked markets, and its strategic relationships include card issuers, EFT networks and payment card associations. For more information, visit http://www.netspend.com.
MetaBank is a federally chartered savings bank headquartered in
About Inter National Bank
For NetSpend: Lauren Mauro Cohn & Wolfe for NetSpend Corporation (512) 542-2832
SOURCE NetSpend Corporation