Deep within the terms and conditions for the Balance Financial Mastercard from Walgreens it mentions that check deposits made to the card (government and payroll) may be delayed by one business day but makes no mention of why or under what conditions.
Calling customer service gives an entirely different view. They tell you the individual store makes that decision and can 'cash' the check and deposit cash which is always available within an hour.
I spoke with 3 store managers who obviously had no clue as to what the rules were and had not had anyone deposit a check either.
Customer service did say that store managers can speak to a 'program manager' for support.
Monday, May 19, 2014
Wednesday, May 14, 2014
No Direct Deposit? Consider the Walgreen's Balance Financial Mastercard
I recently took a position at a company that with about 30 employees has no direct deposit.
So on Friday mornings I skip out to their Bank where I cash the check then I have to travel to a CVS to load onto the Amex Serve card since there isn't a Walmart or 7-Eleven around to load onto GoBank. GoBank may be adding new free reload partners but at present it's Walmart and 7-Eleven.
So I have to wait till 8:30 for the Bank to open and they take forever to give me the money. The whole thing is a painful process. I do not want to get caught up in the remote check deposit hold disasters that I have read about.
It appears the best option for me is Balance Financial which will cash my check and load the funds for no charge. That's $3 cheaper than Walmart. They will also give $100 cash back which means no ATM runs later.
https://balancefinancial.walgreens.com/content/part/nm/MDAxNodokxrlfo%2BQpDkfhxfaOdIK
ATM use at any Walgreens/Duane Reed is free. There is a $2.95 monthly fee waived with $1,000 a month in deposits.
So on Friday mornings I skip out to their Bank where I cash the check then I have to travel to a CVS to load onto the Amex Serve card since there isn't a Walmart or 7-Eleven around to load onto GoBank. GoBank may be adding new free reload partners but at present it's Walmart and 7-Eleven.
So I have to wait till 8:30 for the Bank to open and they take forever to give me the money. The whole thing is a painful process. I do not want to get caught up in the remote check deposit hold disasters that I have read about.
It appears the best option for me is Balance Financial which will cash my check and load the funds for no charge. That's $3 cheaper than Walmart. They will also give $100 cash back which means no ATM runs later.
https://balancefinancial.walgreens.com/content/part/nm/MDAxNodokxrlfo%2BQpDkfhxfaOdIK
ATM use at any Walgreens/Duane Reed is free. There is a $2.95 monthly fee waived with $1,000 a month in deposits.
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