PNB Remittance Centers (PNBRCI), a wholly owned subsidiary of Philippine National Bank and AccountNow, a California-based prepaid card marketer, have launched a new Visa-branded prepaid card that will be available at all PNBRCI US locations in October. The PNB branded AccountNow Prepaid Visa Card is issued by Palm Desert National Bank pursuant to a license from Visa US.
Reportedly, the card, which will participate in the Visa ReadyLink, Interlink and Plus networks provides a new financial tool for PNBRCI customers. The card comes with features like FDIC insured deposits, free direct deposit for payroll and benefit payments, free bill payment with credit builder, high balance limits, online and SMS account management tools, prepaid mobile refill minutes and the worldwide acceptance of VISA.
Additionally, PNBRCI will convert 20,000 existing loyalty card membership customers to the new VISA prepaid card that will offer special benefits and discounts to card members. Matt Montes, founder and head of strategic marketing initiatives of AccountNow, said: “This card is the perfect alternative to a traditional bank account and there are no credit checks, minimum account balance requirements, late fees or over-draft fees. Our customers are never blindsided with ridiculous bounced check fees that some banks charge.”
