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
NetSpend Prepaid Visa Debit Card (Fee Advantage Version)
NetSpend continues to lead the pack in innovation and service throughout the prepaid industry. It will come as no surprise that the Fee Advantage version of the prepaid NetSpend Visa is a top notch financial tool. You can select a prepaid NetSpend Visa card in 3 different plan options: the Premier FEE Advantage, Pay as You go, or “FEE Advantage” plan (for those choosing not to use direct deposit). Millions of consumers around the globe have chosen the NetSpend Visa, maybe you should give it a look.
NetSpend MasterCard Prepaid Card (Pay As You Go Version)
Millions of prepaid debit customers prefer NetSpend financial tools given the company’s size, product flexibility and security. The “Pay as You Go” NetSpend Prepaid MasterCard is a superior product for prepaid card holders that tend to only use it occasionally. Besides the Pay As You Go plan, NetSpend also provides the “Fee Advantage” plan, and the “Premier Fee Advantage” plan (direct deposit only) for those customers that have a desire to transact more frequently.
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.
Only1 Prepaid Visa Card
The Only1 Visa card is a prepaid debit card brought to you by the folks at Blackhawk Network and Metabank. You can purchase the Only1 debit Visa card in retail locations as well as online. The card comes with a number of unique features, such as Only1′s “MoneyShield” which allows you to enjoy even more security when making purchases online. Only1′s slogan is “It’s the Only1 you’ll ever need” — read our review, and see if you agree! Read More
UPside Visa Prepaid Card (Access Plan)
If you are looking for a great card with fantastic features and low fees, then take a gander at the UPside Visa prepaid card. This reloadable prepaid card requires no credit check, has free direct deposit, ample loading availability and an awesome check-writing program.
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.
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