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So how exactly does the financial institution of America crisis Payment prepaid credit card work?

So how exactly does the financial institution of America crisis Payment prepaid credit card work?

Our business consumers (the “Sponsor”) may issue the restricted, reloadable crisis Payment Prepaid card for their workers or clients during times during the emergencies or catastrophes. The prepaid cards need a preliminary load quantity, as decided by the Sponsor. The Sponsor, at their discernment, has the capacity to include funds that are incremental the card, as much as 3 more times. Recipients may use the Card exactly like any Mastercard or Visa debit card for acquisitions at scores of merchant locations that accept debit cards, including withdraw money at an ATM and for “cash straight right right back” at a vendor checkout.

Where can the financial institution of America crisis Payment prepaid credit card be applied?

The Cards can be utilized anywhere Mastercard or Visa debit cards are accepted and also at Cirrus or Visa branded ATMs.

NO PREAUTHORIZED TRANSFERS ALLOWED – may very well not make preauthorized regular re payments by using this Card.

May be the Bank of America crisis Payment prepaid credit card FDIC insured?

Yes, the funds regarding the Card are FDIC insured.

Is just a Bank of America crisis Payment prepaid bank card credit cards?

No, the Card is just a prepaid mastercard or visa debit card, and investing is restricted into the buck quantity staying in the Card.

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