MetaBank Background Information
MetaBank is one of the largest prepaid debit card issuers in the United States (more than 50% of the debit cards reviewed on GetDebit.com are issued by MetaBank). Through their premier Meta Payment Systems division, MetaBank services more than 500 prepaid card programs. MetaBank also serves as a traditional financial and lending institution providing a diverse product offering across several product lines including personal finance, commercial finance, mortgage services and agricultural services. MetaBank has 12 brick and mortar offices located in 4 distinct market areas. Offices include: Central and NW Iowa; Sioux Empire, South Dakota; and Brookings, South Dakota. Meta’s subsidiary Meta Payment Systems (MPS) manages four business segments including: ATM Sponsorship, ACH Origination, Prepaid Debit Cards and other various Credit Products. The unique “Super Community” philosophy on banking has enabled MetaBank to realize continued growth, while in the same breath, keep its community banking roots. Inherent benefits to this mentality are streamlined efforts and rapid decision making at the local level and a more enhanced service package to the customer.
MetaBank Electronic Payment Models
MetaBank’s “Money On The Move” platform is one of the many innovations created to enhance the customer experience. There are four payment systems platforms:
Gift Card Platform
- Discover gift card purchase at bank
- Electronic funds sent to Meta from bank
- Gift card given to friend or family
- Recipient spends at merchant
- Discover pays merchant and electronically moves money from Meta
Rebate Card Platform
- Product bought at merchant/rebate form filled out
- Rebate processor electronically sends funds to MetaBank to hold
- Meta sends Rebate MasterCard to customer in mail
- Customer spends funds on card
- MasterCard takes money from Meta to pay merchant
Travel Card Platform
- Visa travel card purchased at bank
- MetaBank holds funds until needed
- Customer uses card for travel expenses
- Merchants paid by Visa as funds taken from Meta
Reloadable Card Platform
- Consumer buys card at retail merchant store
- Consumer direct deposits employer paycheck on MetaBank card
- Consumer buys groceries, clothing, gasoline and other goods and services on card
- Visa pays merchants/service providers and transfers money to cover from MetaBank
|Corporate Headquarters:||Storm Lake, Iowa|
|Address:||121 East 5th Street, Storm Lake, IA, 50588-2339|
MetaBank Debit Cards
UPside Visa Prepaid Card (Clear Plan)
The UPside Visa prepaid card is an excellent card with very competitive fees and some excellent features as well. UPside also has a unique personal check writing feature, companion card availability and NO activation fee.
UPside Visa Prepaid Card (Life Plan)
The UpSide Visa card is pretty close to the perfect prepaid debit card. We love it because the fees are low (some of the lowest available), as well as the great features. They now have rolled out their newest feature — the ability to write and mail personal checks using the card! Read More
NetSpend MasterCard Prepaid Card (Fee Advantage Version)
When you are looking for a financially sound, flexible and fast growing prepaid debit card provider, then take a gander at the NetSpend prepaid family of cards. The NetSpend Prepaid Master Card FEE Advantage option gives plastic card customers the benefits of high volume purchase transactions at one low, monthly fee without requiring direct deposit. If you are a low volume transactor, then the “Pay as You Go” plan is more than likely the method you would prefer. “Premier Fee Advantage” also gives consumers a high level of purchase volume with an even lower monthly fee when they sign up for direct deposit.
READYdebit Prepaid Visa (“Select” Plan)
The ReadyDebit folks have designed a prepaid card program that gives their customers the value of choice. READYDebit Visa cards are offered in three categories – The SELECT plan (this review), the CONTROL plan and the PLATINUM plan. READYDebit is committed to providing their customers superior financial products. Traditional big banking bilks billions every year from their account holders with annoying overdraft and other checking fees. The READYdebit “Select” prepaid Visa debit card can assist you in the elimination of those fees.
READYdebit Visa (“Control” Plan with Direct Deposit)
The READYDebit CONTROL Visa prepaid card offers cardholders some magnificent savings when they participate in direct deposit. By automatically loading your pay or benefits checks (a minimum of $1500) every month on the Control card through direct deposit, you can save the monthly fees typically charged on a READYdebit prepaid card. Even if you don’t take advantage of direct deposit, the READYdebit Control Visa plan offers a pay per transaction program for customers not needing a lot of bells and whistles. For a low monthly charge, cardholders can use the Readydebit card occasionally when needed. The funds loaded on your ReadyDebit card are protected by the Visa Zero Liability policy. There are also several convenient methods to load money on your prepaid ReadyDebit Visa.
NetSpend Prepaid Visa Debit Card (Premier Fee Advantage Version – with Direct Deposit)
The NetSpend Visa prepaid debit card is offered by none other than NetSpend, one of the leading financial players in the prepaid arena. The NetSpend Prepaid Visa Premier Fee Advantage is a robust prepaid financial tool geared toward customers that get a lot of use out of their prepaid card. The NetSpend prepaid product line also comes in a “Pay as You Go” plan and a “Fee Advantage” plan. The Premier plan gives card holders extra benefits when using direct deposit.
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