After years of learning about our unbanked and under-banked populations, we know that the needs, wants, and actual uses of prepaid debit cards differ for each client. Many variables influence how a prepaid debit card is used, including household size, education, employment status, income levels, access to technology, and computer competency. Clients are able to use the NetSpend prepaid card as a method to receive their tax refunds and can take advantage of the card’s more extensive options- online budgeting tools and payback perks. Clients are provided a $10 spending cushion without overdrafting their accounts, a savings bucket with 5% APR, and helpful budgeting and financial management guidance. Read the rest of this entry
NCTC is pleased to announce a Request for Applications (RFA) for a new prepaid debit card specially tailored for NCTC’s membership, offered in conjunction with NetSpend.
The initiative is designed to assist new and experienced programs enhance their tax preparation and asset building services, while helping clients establish more positive financial profiles. The prepaid debit card contract will operate from October 1, 2012 – September 30, 2015. Read the rest of this entry