Issuer: M&T Bank
Headquarters:Buffalo, New York
Website: M&T Bank
FDIC Status: Manufacturers and Traders Trust Company (M&T Bank) (FDIC Cert: 588) is FDIC Insured. The Bank has been FDIC insured since January 1, 1934.
Check the Bank’s FDIC Status
Overview of M&T Bank M&T Bank is considered one of the country’s most highly regarded regional banks. They were founded more than 150 years ago in Western New York, where they are still headquartered. Their parent company, M&T Bank Corporation, had over $65 billion in assets as of December 31, 2007 and is one of the 20 largest commercial bank holding companies headquartered in the U.S. M&T customers are able to bank at over 700 branches throughout New York, Maryland, Pennsylvania, Washington, D.C., Virginia, West Virginia, New Jersey, and Delaware. In addition, M&T customers have access to a sizable ATM network of more than 1,600 locations as well as state-of-the-art telephone and Web Banking.
MasterCard MoneySend Prepaid Card
The MasterCard MoneySend debit card is used in conjunction with the MasterCard MoneySend program to allow you to send and receive money via your mobile phone. If you are looking for a cheap and easy way to send (or receive) money over your cell phone, this may be a great option for you. Read More
Student UPside Visa Prepaid Card
This teen debit card is one of our favorites. The team at UPside has really come through again, this time creating a prepaid debit card for teens that has all the features a parent needs to control teen spending, and all the things that teens love (like freedom, great card designs). Read More
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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 2: What is a Tax Refund Card?
Part 4: How to Get a Tax Refund Card.
Part 5: How to Use a Tax Refund Card.
Part 8: Tax Refund Card FAQ.
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