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The Story Of Bancorp Bank Prepaid Cards Has Just Gone Viral! | bancorp bank prepaid cards

Bank of America prepaid cards are one way that you can protect yourself from the bad effects of credit card debt. What can that do for you? Let's see, you can't eat away at your credit card debt, but you certainly can apply for a settlement and get some relief. You can apply online or over the telephone and let B of A know that you would like to settle the balance due on the card. They will consider your offer and make some kind of arrangement for you.

Bank of America prepaid cards are popular with consumers because they are very easy to use. You can simply show proof of identification and proof of employment and you are ready to go. There is no need for a credit check, no deposits and no long applications process. All you need to do is show proof of identification and income and you will be issued your card. It really couldn't be any easier.

If you find yourself in financial trouble and need instant cash, consider a prepaid card. You can set it up as quickly as possible and walk away knowing that your money is safe. The process is painless as well. You just show proof of identification and income and you will be able to withdraw your money from ATM shortly. No one needs to know that you had used a prepaid card.

Prepaid cards are not secured with any type of collateral, such as a home or automobile. This means that if you are not paying your account on time, there is no chance that you could lose your card or have anything taken from you. B of A does not consider you as a risk to their company. You are considered a member and have the same rights as anyone else with an actual bank card. The cards have different benefits as well as drawbacks.

Prepaid cards do not build credit. You don't build credit the way you would with a regular card. If you wish to increase your credit line, you can do so by using it for purchases you make online or by filling out a request for a catalog. You are not committed to any amount and do not pay bills in advance. You just use the money you put into the account as you see fit. It is like having a credit card but without any credit check.

You can use it anywhere MasterCard is accepted and use that in place of your actual bank account. You can go to restaurants and purchase items online, pay at the ATM and use the card at places where MasterCard is accepted, which is most of the places you usually use your card. It really is a wonderful alternative for someone who doesn't want to have to use their credit line all the time. There is not interest added, ever. In addition, since you are only allowed to spend the amount of money deposited into your prepaid account, this allows you to use your money as you see fit.

The only thing you need to be careful about is being over-spending. The fees charged for using your card are higher than the average credit card. This fee is a percentage of the entire balance and is assessed whether you have used your card within a month or not. If you are caught over-spending again, you will incur additional fees until your balance is paid off. They are not designed for people who simply don't have any extra money lying around to spend.

Bancorp Bank has a number of different prepaid cards including their MasterCard that works with any bank in North America, Europe, Asia Pacific and South America. Each card is good for a specific amount of money with no expiration date, which means you can never run out of spending power. Each of the cards also comes with a Logo security feature, which allows you to protect your card and your identity from thieves online. The best part is there are no membership fees associated with these cards. So for the price of a couple cups of coffee at Starbucks you can have multiple plastic cards that will allow you to shop anywhere you like, anytime you like!

Bancorp Bank Fined $3M For Prepaid Card Fees – bancorp bank prepaid cards | bancorp bank prepaid cards

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