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August 5, 2010

Bank Freedom enters agreement with MoneyGram

Cardholders at Bank Freedom in the US are now able to load their prepaid cards at remittance specialist MoneyGrams agent locations. Bank Freedom, a subsidiary of Prepaid Card Holdings, and MoneyGramsigned a loading agreement which means users can top up their cards for $3.95 at around 40,000 more locations in the US. MoneyGrams leading reload network and Bank Freedoms expansive reach within the underbanked sector, ensure that millions of Americans who rely on prepaid debit cards as their primary form of currency have a fast and affordable option to load their cards, said Rick Galasieski, senior vice president at Bank Freedom.

By Verdict Staff

Cardholders at Bank Freedom in the US are now able to load their prepaid cards at remittance specialist MoneyGram’s agent locations.

Bank Freedom, a subsidiary of Prepaid Card Holdings, and MoneyGram signed a loading agreement which means users can top up their cards for $3.95 at around 40,000 more locations in the US.

“MoneyGram’s leading reload network and Bank Freedom’s expansive reach within the underbanked sector, ensure that millions of Americans who rely on prepaid debit cards as their primary form of currency have a fast and affordable option to load their cards,” said Rick Galasieski, senior vice president at Bank Freedom.

The MoneyGram load network enables cardholders to add cash loads to their prepaid cards instantly, which are then available at MoneyGram agents. Three Bank Freedom prepaid debit card programmes are now eligible to load cash through the MoneyGram network: CardNow prepaid debit cards, AFSCME Advantage and Bank Freedom prepaid debit cards.

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