![]() My first impulse was to throw it away, but something about it suggested that I should hang onto it and do some checking. On the back was the logo of something I did not recognize, the logo of “MetaBank” from the Money Network. I usually pitch ‘em, but this time I opened it and found inside a Visa debit card in my name and a 16-digit account number. It looked like one of the typical junk credit card offers that come in the mail with some frequency. Paying the attendant to pre-pay for gas can help you avoid placing a hold on your money so that you have access to your money if you need it.A piece of mail addressed to me that arrived a couple of weeks ago bore a return address from something called the “Money Network Cardholder Services.” A pre-authorization puts a temporarily hold on your money that could be greater than the transaction amount and may take up to 10 business days to be released back to you. Tip: If you use this card to pay for gas, give your card to the attendant to pre-pay for gas rather than paying at the pump to avoid a pre-authorization. If you do not use all your money before the expiration date printed on the card, you can call customer service to request a refund check for the remaining balance. You will not be able to load your own money on this card and your money will not expire. Each time you use your card, the amount will be deducted from your balance until you use all your funds. You can get cash, request a check, or make a purchase anywhere VISA debit cards are accepted. If this happens, you may be asked to use another form of payment to pay the full or remaining amount if you want to complete the transaction. If you don’t have enough money to cover a purchase, the transaction may be declined or partially authorized. You cannot overdraft or spend more than what has been loaded on the card. First, this card is not linked to any bank or credit union account and will not have any impact on your credit score or help you build your credit. If you have had a checking account debit card or credit card before, this card may be a little different. Be sure to immediately report if your card is lost or stolen. Once activated, your money is safe on this card and is eligible for FDIC insurance. You do not need to pay this money back and you will not be taxed on this money. The government has loaded your Economic Impact Payment onto the card for you. The Economic Impact Payment Card is a VISA prepaid debit card. Tip: If you already have a bank or credit union account that you are comfortable using to access cash for free, you can also transfer money from your card to this personal account and then withdraw cash in the same way you normally would once it is available. To avoid a fee, cash only Money Network Checks and only at participating check cashing locations. Go to to find the nearest participating check cashing locations.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |