When we developed the Bank Freedom pricing model in 2007 we based it on the principal that we wanted to provide a much needed service to underbanked consumers with a product that brings strong value to consumers with a fair and simple pricing plan. As visionaries we forecasted the future of prepaid. Being experienced entrepreneurs we looked into the past before developing our fee plan and based our fees and pricing plan on where we believed the prepaid market would stabilize.

Here is why we lead the prepaid card industry in our pricing model:

1. We have never charged a “Card Issuance Fee” others charged $9.95
2. We have never charged a “Card Activation Fee” others charged $9.95
3. We have never charged a “Signature Card Fee” others charged $1.00
4. We have never charged for Customer Service others charged $2.00
5. We have never charged a “Load Fee” others charged $2.00
6. We waive our “Monthly Maintenance Fee” with any deposit of $500 or more others charged $9.95 Monthly

BANK FREEDOM LEADS THE WAY IN PREPAID PRACTICES

Bank Freedom’s founder and CEO has over 30 years experience in finance and marketing. From the company’s inception and based on this experience, he has spearheaded marketing practices that fully disclose all of the benefits and costs associated with using our products. His marketing pen was pulled out often to scrutinize marketing materials frequently stating, “Just because a competitor is doing it and has been doing it for a while doesn’t make it right.”

Our CEO has also vehemently opposed and refused to allow the company to offer high cost loans and virtually unknown credit building products that other prepaid card companies seem to offer with impunity. He didn’t believe in these types of product offerings representations or that the cardholder would understand the costs associated or value of such product offerings. Our CEO has been quoted numerous times stating, “One day we will be on a Nationally Syndicated Television show regarding the prepaid debit card industry and we will be seen as the good guys who provide a much needed valuable product at a fair price with clear and transparent pricing. When that happens our company will go viral and we will be greatly rewarded for our integrity, hard work, and foresight.”

1. We offer a much needed product with robust features at highly competitive pricing
2. We educate our card holders “How to Avoid Fees” when using our card
3. We proudly display ALL our Fees and one click gets you there
4. We offer simplistic pricing and waive our Monthly Maintenance Fee when deposit minimums are reached
5. We have never offered high interest “Loans or Advances” 
6. We refused to offer credit building products that don’t report to the Major Bureaus
7. We have an A rating with the Better Business Bureau