Benefits of Card Accounts (Attachment B)
Tax Time Pilot
Enables a person for free to low cost to get funds (including their tax return) into an account that provides a safe place to store their money safely, conduct basic financial transactions (pay bills, purchase, withdraw funds, etc.), and save.
Funds are secure
Zero Liability protects cardholder against any unauthorized transactions
May be used anywhere Visa/MasterCard is accepted including over 200 countries world-wide
Make purchases on any internet site that accepts Visa/MasterCard
Make purchases over phone anywhere that accepts Visa/MasterCard
Track card usage electronically
Electronic bill pay capability
Cash availability at ATMs across the country
Cash back at many Point of Sale locations (ie grocery stores)
Regulation E Payroll– Consumer Protections
FDIC Insured
No overdraft fees
Link with a saving account
Automated and phone customer service
Mobile text alerts
| File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
| File Title | Debit Card Account Benefits |
| Author | Richard A. Haug |
| File Modified | 0000-00-00 |
| File Created | 2021-02-01 |