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 HOW TO AVOID FEES AND WHY WE CHARGE THEM |
Our mission is to provide A Card For Everyone® and offer our customers the most robust prepaid card account at the lowest possible cost. We started our company with that philosophy and continue to improve our services and lower our fees. There is a reason our customers are so loyal. Let us show you how to use your card account to avoid prepaid card fees we don’t want to charge you.
- HowTo Withdraw Cash for FREE
- How to Avoid Other Fees at the ATM
- How To Avoid Monthly Fees
- Keep Checking Back
1. How To Withdraw Cash for FREE:
A) Find a MoneyPass® ATM location near you. There is No ATM fee or Surcharge fee when you withdraw cash from a MoneyPass ATM with your Bank Freedom Platinum Visa Prepaid Card. Did you know the owner of an ATM can charge you a surcharge fee typically ranging from $2.00-$5.00 just for using their ATM? By Withdrawing cash at a MoneyPass ATM Machine, you will avoid any surcharges from the owner of the ATM or charges for Bank Freedom from using an ATM Machine. You must go to a MoneyPass ATM to avoid ATM Fees. There are tens of thousands of MoneyPass ATM locations nationwide. Click Here to find one near you.
B) Many stores with POS terminals, including most grocery and convenience stores will allow you to receive “CASH BACK” after making a purchase. Make sure to ask the Cashier about their policy of receiving cash back and also find out the maximum amount you can request. When you find a store that allows “CASH BACK”, simply enter your PIN and then follow the instructions on the POS terminal machine. It should ask you if you would like "CASH BACK", make sure to select "YES" or enter the specific amount you would like to receive from the cashier. You will then be charged for your original purchase and the cash amount you received from the cashier. This is the best way to get cash from your card account without paying any ATM fees.
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2. How To Avoid Other Fees at the ATM:
Avoid ATM Balance Inquiry and ATM Decline Fees: When our cardholders check their balance or try and withdraw funds they don’t have from an ATM machine we get charged a fee and in turn charge our cardholders. Here is how to avoid incurring those fees:
A. Sign up for FREE email and text alerts (Standard text messaging rates may apply. See carrier for details). Your cell phone or email will always have your balance on it so you don’t need to make a balance inquiry or get declined because you know your balance. Click Here to login to your Online Account.
B. SMS Text: 42265 BAL to receive a text message with your card account balance. (Standard text messaging rates may apply. See carrier for details).
C. Use your cell phone or find a payphone and call the Toll Free number on the back of your card and you get your balance for free 24 hours a day seven days a week.
D. Access the cardholder website online to find out your balance and transaction history. It’s always there and just a click away.
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3. How To Avoid Monthly Fees:
A. Is Platinum for you? If you deposit $2,000 or more per month or you make two or more MoneyPass Network ATM Withdrawals a month then the Bank Freedom Platinum Visa Prepaid Card is for you.
B. Use Direct Deposit. Deposit at least $2,000 per month from your paycheck, benefits check, or ACH Credit transfer from a financial institution to avoid the $10.00 Monthly Maintenance Fee for the Bank Freedom Platinum Visa Prepaid Card.
C. If your employer doesn’t offer direct deposit and you would like us to assist your employer with establishing direct deposit, please Contact Us.
D. If you don’t meet our minimum load requirements in a given month a $10.00 Monthly Maintenance Fee will apply for the given month. So consider if the benefits we offer are worth the costs you may incur.
Why We Waive Monthly Fees:
We get paid by the companies that accept your card for purchases on each transaction you make with them. We have determined at this time if you meet the deposit requirements of $2,000 or more deposited each month we can provide our services to you without having to charge you a monthly fee. Many prepaid card companies have not followed our lead yet and they do not waive their monthly fee, however we have a mission to accomplish.
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4. Keep Checking Back:
Since the prepaid card is an emerging industry we are constantly making refinements to the services we offer and we're always looking for money saving ways to do business so we can lower the fees we charge our customers. If you like our prepaid card services please refer a friend or family member as we believe by offering a quality service at the best rates possible our customers are the best marketing tool we have.
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