Tuesday, November 26, 2013

Amex Serve Free Cash Reloads now @CVS


Add cash to your American Express Serve® Card at the register for FREE at any CVS/pharmacy store and soon at participating 7-ELEVEN® locations nationwide. It's a fast and easy way to load your Card and have it ready for the everyday purchases you need to make.

Use your Card to pay bills, buy groceries, and shop virtually anywhere American Express® Cards are accepted. It's easy, safe and secure.



How it Works:

1. Visit a CVS/pharmacy store near you. Find the closest one on CVS.com.

2. Give your cash and Card to the cashier to add money.

3. Your money is added immediately and your funds are ready to use.

Friday, November 22, 2013

GreenDot Taking Over Walmart's Cards

GreenDot Bank is taking deposits from Walmart Cards that now go to GE Capital Bank.

Cardholders whose Wal-Mart Card accounts are acquired from GECRB would have continuous access to their account funds throughout the transition to Green Dot Bank.

Green Dot Bank would expand the features available to Wal-Mart Card cardholders not currently supported by GECRB.

In particular, Green Dot Bank would provide a traditional bill payment feature, in which the cardholder could pay bills via automated clearinghouse fund transfers, and a check-writing feature, in which the cardholder could electronically complete checks that Green Dot Bank would print and mail to any payee designated by the cardholder.

Green Dot Bank is developing additional features for the Wal-Mart Cards, including a budget management feature that would allow cardholders to set aside funds loaded onto the Wal-Mart Card.

Thursday, November 14, 2013

How Big Banks Killed a Plan to Speed Up Money Transfers

You can bounce a check these days within hours but transferring money from your Bank Account is still governed by decades old rules that can cause your money to sit for days in purgatory.

Here is the article from PaymentsSource:

http://www.paymentssource.com/news/how-big-banks-killed-a-plan-to-speed-up-money-transfers-3016022-1.html

Wednesday, November 6, 2013

US Bank Prepaid Consolidation?

American Banker is reporting that US Bank is consolidating all its different prepaid cards.

Looking for some confirmation of that but nothing so far.

Thursday, October 31, 2013

Walmart Preferred MoneyCard

It was only a matter of time before Walmart rolled out something more competitive. It's also only a matter of time before Walmart starts some type of rewards program.

https://www.walmartmoneycard.com/walmart/account/legal-info-page?doc=feeplan&productname=preferred

$6 to purchase

$3 monthly service fee - waived with either direct deposit or $500 loaded during the month.

Free cash reloads

Early direct deposit when employer gives notice

Thursday, October 24, 2013

The OnBudget Prepaid Mastercard No Fees Instant ACH Deposits

https://onbudget.com

No fees
No prepaid card fees, no ATM fees, no account fees, and no load fees.

Two prepaid debit cards included per account
Seamlessly integrates two users into one household budget.

Effortless budget setup process
Eliminates all the guessing and tedious work in setting up a budget.

Instant card loads from any bank account
No more waiting 2 to 3 days for money to load from your bank (and still no fees).

Free access to budget advisors
Support from initial budget consultation through 90 day budget checkup.

Friday, October 18, 2013

Serve Prepares for New Serve

Thanks again for signing up for an American Express Serve® Account.

As a new Accountholder, we wanted to let you know about some important fees and features, which allow us to provide you with even more value and convenience.

• Monthly & Foreign Transaction Fees: In order for us to improve existing features and continue to introduce new ones, beginning on December 3, 2013, we will charge a monthly fee of $1 and a foreign transaction fee of 2.7% on purchases made outside of the U.S. We will waive the monthly fee for each statement period when you (1) add money in any amount to your Account using Direct Deposit or (2) load $500 or more to your Account.*

• Free MoneyPass® ATM Transactions: We recently introduced free ATM withdrawals at over 23,000 MoneyPass ATMs. Visit www.moneypass.com to find an ATM near you.

• Coming Soon - Free Ways to Add Cash at Retail Locations: American Express Serve customers will soon be able to add money to their Account for free at CVS/pharmacy stores nationwide and participating 7-Eleven locations. Stay tuned for more information.

See the chart below for a complete list of all fees for your Serve Account.


American Express Serve Account Fee Summary


Monthly
$1 Monthly Fee
(no fee in NY, TX & VT)
–OR–

No fee until 12/3/2013
$0 with any Direct Deposit during your statement period
–OR–
$0 when you add $500 or more during your statement period



Add Money $0 Direct Deposit
$0 Checking/Savings Account
$0 Debit/Credit Card

Coming Soon: Add cash for $0 at CVS/pharmacy stores nationwide and participating 7–Eleven locations

Load cash using MoneyPak® or Vanilla Reload (Third party fees may apply1)


ATM Withdrawals $0 at MoneyPass® ATMs
$2 at non-MoneyPass ATMs.2 ATM operator fees apply


Foreign Transactions 2.7% on each transaction after
conversion to US dollars