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 BANK FREEDOM DIRECT DEPOSIT - VERSUS CHECK CASHING |
With a Bank Freedom Prepaid MasterCard card account you get real-time access to your money at over 1.5 million ATM 's worldwide including access to the MoneyPass Surcharge-Free ATM Network – Pay Bills no charge with your Card and make Purchases everywhere Debit MasterCard is accepted. |
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Check Cashing
Money Orders |
Bank Freedom
Prepaid Card Account |
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| Paycheck Cashing Fee |
$15 per week
($60 per month) |
Direct Deposit |
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Domestic ATM Withdrawal
(4 times per month) |
Not An Option |
$2.50 per month for
In Network ATM
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| Monthly Cost |
$60.00 |
$10.00 |
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Bank Freedom Direct Deposit:
Easy To Get Started – When your card arrives in the mail, your direct deposit form is located at the bottom of the card carrier. Just sign, date, and hand the Direct Deposit form to your Payroll administrator. For Social Security or other Federal Benefits Checks call GoDirect at 800-333-1795 or visit www.godirect.gov They'll know exactly what to do to get your checks directly deposited to your Bank Freedom Card account. |
Multiple Check Types – The following check types can all be Directly Deposited to your Card Account: Employment Paycheck, Social Security (SS), Supplemental Security Income (SSI), Railroad Retirement (RRB), Civil Service (OPM) Retirement, Department of Veterans Affairs (DVA) and any other government issued benefits check. You can set up multiple direct deposits to your card account if you have more than one job or receive more than one of the above check types each month.
Saves You Time and Money – Say goodbye to wasting up to 5% of every paycheck or benefits check in check cashing fees. No more waiting in line to cash your paycheck or benefits check each pay period. Studies show that employees may spend the equivalent of three work days each year waiting in lines to cash their paychecks or benefits check.
Your Money Is Safe - For all Bank Freedom Card deposits, The Bancorp Bank is a member of the FDIC and your card is backed by MasterCard Zero Liability** protection. You're protected from unauthorized purchases if your card is ever lost or stolen.
Pay Bills – Pay all of your bills with your prepaid card and save time and money by no longer having to purchase a money order / cashier's check or buy stamps to mail your bills.
Immediate Access To Funds – Each pay period your funds will be available immediately after your employer directly deposits your paycheck or after you receive your benefits check to your Bank Freedom Prepaid Card account. Get cash at the ATM, pay bills, or make purchases with your Prepaid Card.
Look for your direct deposit form in the mail! When you card arrives, your direct deposit form is located at the bottom of the card carrier. Just sign, date, and hand the Direct Deposit form to your Payroll person. Click Here to print your Direct Deposit form, you must have your actual card with you to print the Direct Deposit form. For Social Security or other Federal Benefits Checks call GoDirect at 800-333-1795 or visit www.godirect.gov to get your checks directly deposited to your Bank Freedom Card account. |
