First Bank & Trust

Issuer: First Bank & TrustFirst Bank and Trust

Headquarters:Brookings, South Dakota

Parent Company: Fishback Financial Corporation

Website: First Bank & Trust

FDIC Status: First Bank & Trust (FDIC Cert: 3973) is FDIC Insured. First Bank & Trust has been FDIC insured since January 1, 1934. It was established on November 2, 1925.

Check First Bank & Trust’s FDIC Status

Overview of First Bank & Trust (and their parent, Fishback Financial Corporation)
First Bank & Trust is a bank owned by Fishback Financial Corporation (FFC). FFC is one of South Dakota’s largest privately held financial holding companies with five subsidiary banks and assets totaling nearly $1.6 billion. The present First Bank & Trust celebrated its opening on November 2, 1925. Security National Bank, as it was then known, opened its doors during an extremely difficult time for business in South Dakota. Three Brookings banks had failed and a fourth bank failure was imminent. The local paper reported, “The new bank starts off with the brightest of prospects for a splendid business career, with the confidence of the entire community and the realization that it is filling a real need in Brookings.”

First Bank & Trust is the issuer for a number of prepaid debit card programs, including the affinity debit cards from Tempo, and the Revolution Money cards (although this may change now that Revolution Money has been acquired by American Express).


About
Stock Symbol:
Website:
Corporate Headquarters:
Address:




Debit Cards


PayPower Visa Prepaid Card PayPower™ Visa® Prepaid Card

PayPower is a Visa prepaid debit card that you load and reload with cash and use for everyday purchases, giving you total control over your money. Purchase the card for $3.95 plus the load amount, then transfer the funds to the card by calling the toll free number on the back of the card, or by visiting www.paypower.com.
Read More

O2USA Prepaid MasterCard O2USA Prepaid MasterCard

The O2USA Mastercard prepaid debit card is made to function like a checking account for millions of consumers worldwide that don’t have a traditional banking relationship. The O2USA card also puts the purchasing power of MasterCard in your pocket, not to mention Zero Liability fraud protection as well as FDIC account insurance. There is no credit or background check, so O2USA guarantees you will be approved (see website for details).
Read More

BankFreedom Prepaid Expense Card Bank Freedom MasterCard Prepaid Expense Card

The Bank Freedom MasterCard Prepaid Expense Card helps you manage, control, and track employee spending in real-time. Small busineses and even larger businesses can use the Expense Card to manage and control employee spending. There’s no credit check so you don’t worry if your business has bad credit or no credit history. Since it’s prepaid, you never have to worry about excessive employee spending, overspending your budget, overdraft fees or over-the-limit fees.
Read More

Virtual Debit Gift Card

Want to give someone (or yourself) a gift card, but don’t want to wait for the card to be shipped to them? Here’s what you do — get a virtual gift card. Read More

NetSpend Premier Fee Advantage MasterCard NetSpend MasterCard Prepaid Card (Premier Fee Advantage Version – with Direct Deposit)

NetSpend is considered one of the country’s largest and fastest-growing Prepaid Debit Card processors and marketers. It’s no surprise that the NetSpend Prepaid MasterCard is a top-of-the-line network-branded card recognized by thousands of merchants worldwide. NetSpend currently offers the MasterCard in three versions: a Pay as You Go plan, a Fee Advantage plan, and their Premier Fee Advantage plan (reviewed here), which requires direct deposit.
Read More

What is a Tax Refund Card?

A tax refund card is a prepaid debit card that is used to receive your tax refund by direct deposit. Tax refund cards are “prepaid debit cards”. Almost any prepaid debit card can be used to receive your tax refund. Some prepaid debit cards are issued especially for use (at least initially) as a tax refund card.

A prepaid debit card is a payment card that can be loaded with money (such as a tax refund deposit) by you or by someone else.

A prepaid card looks just like a normal credit or debit card, and has a card number, a signature strip on the back, and the logo of a card association (such as Visa®, MasterCard® or Discover®). Prepaid cards that are used as tax refund cards also are embossed with your name on the face of the card.

Prepaid debit cards are not credit cards, which provide you with a line of credit. Instead, prepaid debit cards only let you withdraw or access the money you have deposited (or “loaded”) onto the card. (Which is why some people refer to these types of cards as “pay before” use cards instead of credit cards which are “pay after” use products).

With prepaid cards, you can only spend the money you have loaded on the card. Which is why they are perfectly suited for use as tax refund cards – you can’t overdraw your account, and you can only spend as much money as you have deposited into your account.

Once you load funds onto your prepaid card, you can use it to make purchases (online or offline) and withdraw cash at ATMs, just like a normal bank debit card.

Some prepaid cards also allow you to pay bills using a bill pay system associated with your card.

Continue Reading the Tax Refund Card Guide Online

Part 1: Why Should I Use a Tax Refund Card?

–>Part 2: What is a Tax Refund Card?

Part 3: Who Should Use a Tax Refund Card?

Part 4: How to Get a Tax Refund Card.

Part 5: How to Use a Tax Refund Card.

Part 6: Our Recommended Tax Refund Cards.

Part 7: Cards for Independent Tax Preparation Services.

Part 8: Tax Refund Card FAQ.


Corporate Overview
 Website
Recent News Items
  • Interchange Fees and Financial Reform

    The issue of interchange fees, commonly known as swipe fees, should be a concern for anyone who holds a credit or a debit card. Since their introduction, both credit and debit cards have been working under a system where the merchant pays for their costs. Under this system, plastic has flourished, yet merchants have been trying to shift the costs to consumers for some time. This is starting to change, thanks to the financial reform legislation passed by Congress on July 14, 2010.

  • New Year’s Resolution: Understand the Prepaid Debit Card

    Jan 05, 2011 — Total dollar figures loaded annually on prepaid debit cards are fast approaching the $500 billion mark. As a financial tool, the prepaid card has earned its place among bank debit cards, credit cards and paper checks and doesn’t appear to be losing ground anytime soon. Remarkably, there is still a large […]

  • Paybefore Awards Recognizes TruCa$h First Nations Program

    Recently in Mississauga, Ontario, Paybefore has chosen DCR Strategies Inc./TruCa$h as a 2011 Paybefore Awards winner in the Best Government-Funded Prepaid Program category. Paybefore Awards, now in its fifth year, is the most prestigious recognition of excellence in the worldwide prepaid and stored value card industry.

  • Federal Government Expands Prepaid Programs

    The Treasury Department today issued a rule further promoting the use of prepaid cards and direct deposit for recipients of Federal benefits, including Social Security, Supplemental Security Income, Veterans Affairs, Railroad Retirement Board, Office of Personnel Management benefits and other non-tax payments. Recipients who do not have bank accounts which can receive direct deposit will receive a Direct Express prepaid debit card account issued by Comerica Bank.

  • A Look at Plastyc’s Prepaid Card API

    Earlier this week, the folks at Plastyc, Inc., released a public application programming interface (aka an “API”) for interacting with the Plastyc platform that issues and maintains the UPside Visa prepaid card line of prepaid debit cards. We’ve reviewed the API, and have a few thoughts about how the API can be used, and why it’s a significant development for the prepaid debit card industry.