*important information for opening a new card account: to help the federal government fight the financing of terrorism and money laundering activities, the us patriot act. uu. requires us to obtain, verify and record information that identifies each person who opens a paypal prepaid card account. what this means for you: when you open a paypal prepaid card account, we will ask for your name, address, date of birth and your government identification number. We may also ask to see your driver’s license or other identifying information. Card activation and identity verification are required before you can use the PayPal prepaid card account. If your identity is partially verified, full use of the PayPal prepaid card account will be restricted, but you may be able to use the card for in-store purchase transactions. restrictions include: no ATM withdrawals, international transactions, account-to-account transfers, and additional charges. use of the paypal prepaid card account is also subject to fraud prevention restrictions at any time, with or without notice. vermont residents are not eligible to open a card account.
1 While this specific feature is available at no charge, there are other fees and transaction costs, terms and conditions associated with the use of this card. see cardholder agreement or online account center for details.
2 faster funding statement is based on a comparison of netspend’s policy of making funds available upon receipt of payment instructions versus typical banking practice of posting funds at settlement. fraud prevention restrictions may delay the availability of funds with or without notice. early availability of funds requires payer support for direct deposit and is subject to the time of payer’s payment instructions.
3 paypal transfers require a paypal balance account and personalized card, which arrives within 10 business days of activating your instant issue card. If you don’t have a PayPal balance account yet, you will link it to this card, visit paypal.com to get one, or you can get one when you activate this card online. a paypal balance account is required for certain functions, but not to have the paypal prepaid card. transfers cannot exceed $300 per day/$2,000 per 30 consecutive days and are limited to the funds available in your paypal account. transfers can only be made in the name of a valid paypal prepaid mastercard cardholder. Only one (1) PayPal Prepaid Master Card can be aligned to one (1) PayPal account. PayPal transfers cannot be reversed or cancelled. BanCorp Bank and MasterCard are not affiliated with, and do not endorse or sponsor the PayPal.com online account to which various sources of funds can be linked, including a PayPal Prepaid Card.
4 Fees may apply based on top-up location and may vary from location to location.
*you must have a paypal balance account to maintain and use a balance with paypal.
5 Cash Back Rewards is an optional program. you can unsubscribe at any time by visiting the cash back rewards page in your online account center. reward offers are based on individual purchasing habits. cash back rewards are credited to your card account and are not available by check or other direct payment method. Please see the FAQs and Program Terms and Conditions in your online account center for additional details on how and when you earn rewards. Program Sponsor: Netspend Corporation. bancorp bank, mastercard or paypal are in no way affiliated with the program and do not endorse or sponsor it.
6 the savings account is made available to cardholders through the Banco Corp; fdic member to participate in the savings account program, the cardholder must consent and continue to receive communications from us electronically. If the cardholder is subject to IRS backup withholding at the time of application to open a savings account, the application will be denied. interest is calculated on the average daily balance(s) of the savings account and is paid quarterly. if the average daily balance is $1,000.00 or less, the interest rate paid on the total balance will be 4.91% with an annual percentage yield (apy) of 5.00%. if the average daily balance is greater than $1,000.00, the interest rate paid on the portion of the average daily balance that exceeds $1,000.00 will be 0.49% with a rate of 0.50%, and the interest paid on the portion of the average daily balance that is $1,000.00 or less will be 4.91%. Apy for this level will range from 5.00% to 0.54% depending on account balance. interest rates and apys for each tier may change. APYs were correct as of January 1, 2019. These are promotional rates and may change without notice in accordance with applicable law. no minimum balance is required to open a savings account or earn the return(s). because savings account funds are withdrawn through the card account (maximum 6 such transfers per calendar month), card account transaction fees may reduce the interest earned on the account savings. The funds in the card account and the savings account are insured by the fdic through bank bancorp, a member of the fdic after verification of the identity of the cardholder. For purposes of the fdic coverage limit, all funds held on deposit by the cardholder at the bancorp will be added up to the coverage limit, currently $250,000.00.
7 A cardholder can receive an unlimited number of referral-a-friend rewards while the program is available. no reward will be credited to either party if the referred individual had another netspend managed card that was used for a value load, purchase, cash withdrawal, or incurred a balance inquiry fee at any time during the 180 calendar days before the day of the $40 load requirement is fully met. only cash top-ups and direct deposits count towards the minimum load requirement. Please allow 2 business days for a $20 credit to appear on each card account. If a Cardmember accumulates $600 or more in Refer-a-Friend Rewards in a calendar year, Netspend will mail the Cardmember an IRS Form 1099-MISC reflecting the total Refer-a-Friend Rewards for that calendar year. Cardholder acknowledges that by referring a friend through this program, Cardholder is disclosing non-public information. The Referred Person acknowledges that payment of the Referral may result in the Cardholder learning that the Referred Person establishes a Card Account with us. BanCorp Bank and PayPal are in no way affiliated with the Refer-A-Friend Rewards Program and do not endorse or sponsor this program.
8 There is no charge for this service, but your wireless service provider may charge for messages or data.
9 mobile check loading is a service provided by first century bank, n.a. and Ingo Money, Inc., subject to the First Century Bank and Ingo Money Terms and Conditions and Privacy Policy. the approval review typically takes 3-5 minutes, but can take up to an hour. all checks are subject to financing approval at the sole discretion of the incoming money. fees apply for approved money in minutes transactions financed with your card. unapproved checks will not be deposited to your card. ingo money reserves the right to recover losses resulting from illegal or fraudulent use of the ingo money service. Your wireless service provider may charge a fee for message and data usage. Additional transaction fees, costs, terms and conditions may be associated with the financing and use of your Card. see your cardholder agreement for details.
paypal prepaid mastercard is issued by bank bancorp, member fdic, under the license of mastercard international incorporated.
netspend, a tsys® company, is an authorized representative of the bancorp bank. Certain products and services may be licensed under the us. uu. patent numbers 6,000,608 and 6,189,787. use of the card account is subject to activation, identity verification and availability of funds. Transaction fees, terms and conditions apply to the use and reloading of the card account. see cardholder agreement for more information.
mastercard is a registered trademark and the circles design is a trademark of mastercard international incorporated.
the card can be used everywhere the mastercard debit card is accepted.
paypal and the paypal logo are registered trademarks of paypal, inc. trademarks and designated marks are the property of their respective owners.
® 2021 total system services, inc. ® all rights reserved worldwide. tsys and netspend are federally registered in the us. uu. service marks of total system services, inc. all other trademarks and service marks are the property of their owners.