"Balance Financial Prepaid MasterCard" from Walgreen's/Duane Reade.
https://balancefinancial.walgreens.com
Balance Financial is currently offered to customers of more than 250 Walgreen's locations in Detroit, Milwaukee and Nashville, with a nationwide card roll out expected before year end and additional financial services in 2014
Has some fees which for the most part can be avoided.
No monthly fee when $1,000 a month is loaded - $2.95 a month otherwise.
Free ATM withdrawals at participating Walgreen/Duane Reade ATM's - no explanation of what that means though.
Bill Pay is 95 cents. They mention an expedited Bill Pay also.
Cash reload at Walgreen's/Duane Reade stores is $2.95.
Daily spend limit of $2,500.
Daily withdrawal limit of $500.
This already has IPhone and Android apps.
It sounds as though they will have special kiosks in stores just for this card.
Apparently Walgreen will begin cashing checks as part of this offering. Maybe they already do in some locations. Probably using Certegy just as Walmart does.
https://balancefinancial.walgreens.com/content/part/nm/MDAxNkUPFfRrPxlbiTCbXhdkw7gK
There is a 'rewards' aspect of this deal that combines Walgreen's purchase, prescriptions and some social/health through their 'Balance' reward program. It looks like every 1,000 points is worth one dollar at Walgreens. If you are a frequent Walgreens shopper this may be for you. Their prescription sales though are more expensive than Walmart by far.
My advice to Walgreen's is to either eliminate the cash deposit charge or lower it to $1.
