Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Cards

First Bank of Delaware rolls out Simply Credit product for prepaid cards

Thursday 19 March 2009 | 11:44 AM CET

US prepaid card programs provider First Bank of Delaware has made the Simply Credit lending product available to customers with restricted or no access to credit.

The new product is to offer consumers in this segment access to a credit line which can be accessed through their existing prepaid cards and the possibility to borrow money for short-term obligations or cash-related emergencies. First Bank of Delaware will charge USD 1.20, representing a transaction fee, for every USD 10 (12 percent) borrowed.

First Bank of Delaware provides both personal and business banking services. The suite of personal banking services ranges from checking accounts to home equity loans and online banking, while the business banking services and products include commercial loans and cash management and savings accounts.
 

More: Link
 advertisement
 advertisement
 advertisement
 advertisement