StorValue Waives Maintenance Fees for Direct Depositors; Its Prepaid Debit Cards Becoming Critical to Consumers’ Monthly Budgets, Checking Account Alternative to Some
Leading program manager of reward-filled debit cards encourages holders to enjoy convenience of direct deposit onto cards for ongoing discounts on everyday items, online bill paying, money management tools
COCONUT CREEK, Fla.--(BUSINESS WIRE)--StorValue Card Solutions™ is adding yet another benefit to its suite of card programs: cardholders that sign up for direct deposit of at least $300 a month from their paychecks, Social Security or other recurring payments onto their cards will not pay the $1.99 monthly maintenance fees. The company’s prepaid debit cards are becoming invaluable to consumers trying to save money on household expenses each month, and offer an attractive banking alternative to many. With billpay online or by phone, and convenient ATM usage, StorValue’s prepaid debit cards can match or beat most banking features while offering a host of other benefits such as significant discounts on everyday items at tens of thousands of retailers around the country and online.
Thomas Borzilleri, CEO of StorValue, said, “With banking fees and charges rising, StorValue was looking for a way to make our cards an economical checking account alternative to more of our cardholders. By charging no maintenance fee for direct depositors, we show our cardholders – whether they are a college student signing up for our Campus Dough DebitSmart™ Prepaid Visa® card for the first time, or a mother using our DebitSmart™ card every month, or a retiree on a fixed income - how to be smart about managing their money with or without the traditional checking account.”
According to a recent FDIC report, a quarter of all Americans are unbanked or underbanked, demonstrating a real need in the market for convenient and cost-effective financial services such as StorValue’s prepaid debit cards.
“While each family or individual must determine whether our checking account alternative suits their needs, everyone can benefit from the rewards that StorValue cards offer. We have been encouraged by the many stories of holders using our cards each month as a way to earn rewards and save real money - 10, 20 even 50 percent off purchases ranging from groceries and prescriptions to gas to drycleaning, as well as luxury goods and services such as spas. They can even earn reward points from EA Sports, which has its own StorValue card. Our new direct deposit discount allows for continued monthly usage with no monthly fees -something our cardholders love to hear,” added Mr. Borzilleri.
About StorValue™
StorValue™ is the country’s fastest-growing program manager and distributor of branded stored value prepaid debit cards. Emerging as the industry leader in providing rewards-based and loyalty-branded card solutions, our programs deliver unmatched benefits, features, and resources to a wide variety of businesses and consumers. StorValue’s™ cards provide security, convenience, and value-added benefits to cardholders, while allowing sponsoring businesses and organizations to provide a vital and engaging service to their stakeholders. For more information, please visit http://www.storvalue.com or call 877-481-9333 ext 101.
Contacts
Linda Press
CorpCommunicators
310.877.6145
CorpCommunicators
310.877.6145
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