MetaBank

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 Meta Payment Systems division, MetaBank services more than 500 prepaid card programs.

MetaBank Corporate Overview

FDIC Status: MetaBank (FDIC Cert: 30776) is FDIC Insured since September 6, 1955. MetaBank is owned by Meta Financial Group, Inc. Meta Financial Group, Inc. (MFG) is a $757.3 million thrift holding company for MetaBank and Meta Trust Company. Headquartered in Storm Lake, Iowa, the Company converted from mutual ownership to stock ownership in 1993. Its primary businesses are deposits, loans and other financial services and products to meet the needs of its commercial, agricultural and retail customers; and an industry-leading electronic payment systems division. MFG shares are traded on the NASDAQ Global Market under the symbol “CASH.” MFG operates under a super-community banking philosophy that allows the Company to grow while maintaining its community bank roots, with localized decision making and customer service. Administrative functions, transparent to the customer, are centralized to enhance the banks’ operational efficiencies and to improve customer service capabilities. MetaBank is a federally-chartered savings bank with four market areas: Brookings, Central Iowa, Northwest Iowa and Sioux Empire; and the nationally recognized Meta Payment Systems (MPS) division. MPS supports clients nationwide and manages four primary business lines that contribute to revenue and deposits: prepaid cards, credit cards, Automated Teller Machine (ATM) sponsorship and Automated Clearing House (ACH) origination. Twelve bank offices and two MPS offices (including one bank administrative office) support customers in Iowa, South Dakota and MPS clients across the country. Meta Trust provides professional trust services.