For those that are unfamiliar with Facecard, likely you won’t be for long, thanks to the name recognition provided by Facebook, the popular social media network. Facecard is a pre-paid card issued by MetaBank, who launched the program in May of 2008 as an alternative to debit and credit cards. Can you say “marketing genius”?
According [...]
Entries Tagged as 'Banking'
Facecard Pre-paid Card Teams Up With Facebook
October 29th, 2009 · No Comments · Banking, Credit Cards
Tags: facebook·facecard·pre-paid cards·pre-paid mastercard·prepaid debit cards·student cards
Overdraft Fee Legislation Gaining Momentum
October 21st, 2009 · 4 Comments · Banking
Sen. Chris Dodd’s battle against banking overdraft fees continues. He introduced a bill on October 19, covering ATM and debit-card transactions as well as checks. Several other Senators are on board with the reform, as the bill is co-sponsored by Senator Charles Schumer D-NY, Sen. Jack Reed D-RI,who is chairman of the Senate [...]
Tags: bailout·Banking·Banking Industry·bounced checks·Chris Dodd·credit card fees·Diane Rehm·FAIR Overdraft Coverage Act·opt-in·Overdraft·proportional fees
Debts and Finances Forcing Us to Move Out of Country
October 19th, 2009 · No Comments · Banking, Debt Collection, Debt Settlement, Mortgages
Q. This past summer we completed a short sale on our home. There was a first and second mortgage holder, and the first mortgage holder (major financial institution) assumed the second during the final negotiations. It was our assumption all debt was satisfied (and you know what you get when you assume).
Since the [...]
Tags: debts·finances·foreclosure·Out of Country·relocate·second mortgage·short sales·statutue of limitations·tolling
PrePaid Debit Card Costs vs. Overdraft Fees – Which is Worse?
October 8th, 2009 · No Comments · Banking, Credit Cards
Charges for calls to customer support, reloading fees, fees for purchases, fees to withdraw money from ATM – did you know the if you have a pre-paid debt card you have to pay for every transaction associated with the card? The New York Times recently did an article examining these surprising fees in depth.
We’ve [...]
Tags: banking system·Checking Account·Chexsystems·Consumerist·cost alternative·critics·Fees·Hidden Fees·New York TImes·overdraft fees·prepaid cards·US Banks
