Known as the MyAccountCard Visa(R) prepaid credit card, the credit can be released by Bonneville financial acting in ability as a Treasury-designated economic representative
MONROVIA, Calif., Jan 13, 2011 (FIRM LINE) — environmentally friendly Dot (NYSE: GDOT), a prominent prepaid monetary services business, today announced it’s going to act as regimen management for a U.S. division from the Treasury pilot system wherein Us americans can receive their unique national income tax refunds via drive deposit to a prepaid debit credit. Green mark was actually picked by Bonneville financial to offer plan manager solutions therefore the Green mark community may also serve as the special reload community when it comes to prepaid debit notes.
The MyAccountCard Visa(roentgen) prepaid credit card provides People in america that do n’t have a conventional bank account a secure, convenient and inexpensive substitute for get her income tax reimbursement. And also, the cards enables you to obtain wages by direct deposit, receive finances, buy things and pay bills online.
“We think that all People in america requires access to secure, low-priced, FDIC-insured banking products to carry out their day-to-day transactional goals. S. Treasury to greatly help a lot more Us americans go into the economic popular with regards to own prepaid debit card levels and get away from the price additionally the energy associated with normally waiting around for and cashing a tax reimbursement check,” said Steve Streit, Chairman and Chief Executive Officer, Green Dot organization. In March, 2010, Green Dot registered into a definitive agreement buying Bonneville lender, at the mercy of regulating endorsement.
Beginning the times of January 18, 600,000 letters is shipped all over the country to low- and moderate-income individuals, who will be likely to be unbanked, pleasing them to have actually their 2010 federal income tax reimbursement immediate deposited to a MyAccountCard prepaid debit card. The MyAccountCard is a reloadable, prepaid Visa(R) debit cards definitely approved at stores, on the internet and every-where Visa debit try recognized. The card can also be used to make each and every day monetary purchases. The notes highlight free online statement wages, cost-free ATM funds withdrawals at nearly 15,000 ATMs nationwide, no-cost cash return at participating stores and complimentary support service. Additionally, as with any Green mark services and products, you’ll find never any penalty costs or overdraft fees of any kind. MyAccountCard debit cards could be laden with arises from payroll or government drive deposit might become reloaded with money in excess of 50,000 stores nationwide via the Green Dot community.
Together with the prepaid debit cards plan making the income tax refund techniques more efficient, this system is made to provide average and low-income Americans the chance to incorporate an FDIC-insured reloadable prepaid debit credit as a secure convenient and cost-efficient means to deal with her day-to-day financial wants. More information on the MyAccountCard can be seen at .
The MyAccountCard Visa(R) prepaid credit card can be used for every day financial purchases, including obtaining earnings by drive deposit, withdrawing money, generating purchases, having to pay bills and much more
Green Dot try a number one prepaid financial providers providers promoting quick, low-cost and convenient money administration answers to a broad base of U.S. consumers. Green mark furthermore possess and functions the Green mark community, the nation’s respected prepaid credit card reload circle. Green Dot goods are available at greendot as well as around 50,000 stores, such as Walmart, Walgreens, CVS, Rite Aid, 7-Eleven, Kroger, Kmart, Meijer, and Radio Shack. Green Dot try based in the deeper l . a . region. For much more information, explore greendot.
Bonneville Bank, a part of Bonneville Bancorp, is located in Provo UT, and has now become providing the Utah payday loans in Alabama area neighborhood since 1978. In March, 2010, Green mark inserted into a definitive contract to shop for Bonneville Bank, subject to regulatory approval.