The Leading Provider of Business Prepaid Expense Cards

No NSF or Overdraft Fees, ever!

Non-Sufficient Funds (NSF) Fees indicates that the demand for a payment cannot be honored due to insufficient funds available for the card account. The Bank Freedom MasterCard Prepaid Expense Card is prepaid, so your employees will never receive these types of fees. If you or an employee using the expense card attempts to make a transaction which is greater than the card balance, then the transaction will be declined. The Prepaid Expense Card Program is designed to encourage business and employees to spend wisely, and not to penalize its cardholder’s for not keeping track of their balances. However, if a card balance falls below $0.00, your primary funding account must reimburse the negative card balance without penalty.

No Over-Limit Fees, Ever!

The Bank Freedom MasterCard Prepaid Expense Card is prepaid. Since it is not a credit card, you can forget about overspending as all of your business purchases have been prepaid in advance. Over-limit fees are fees charged when your balance goes over your credit limit. Credit Card companies collect billions of dollars each year in Over-Limit Fees to businesses. With our Bank Freedom Expense Cards, your administrative users can disperse spending funds to employees’ cards with monthly, weekly, daily or one-time transfers, it’s your choice. There are spending limits set daily for $20,000.00 for Point-Of-Sale Purchases and $1000.00 ATM purchases. If an employee’s expense card attempts to go over the daily limits, the transaction will be declined, and there will be no penalty fee.

Guaranteed Approval*

Since these cards are prepaid, we can approve any one with a valid identification. We do not check FICO scores or credit history on employees for receiving cards. We also do not use the Chexsystems. The Chexsystems is an eFunds check verification service and consumer credit reporting agency that provides data related to how a consumer has handled deposit accounts at banking institutions. If a consumer has a bad history of unpaid bank fees, such as overdraft charges, then the consumer may not be eligible for a checking account. We never use the ChexSystems and all of our cardholders are guaranteed approval with a valid identification.

Card Account Alerts

We offer numerous different SMS Alerts and Email Alerts(standard text messaging rates from your service provider may apply) that are free and available to everyone with a Bank Freedom MasterCard Prepaid Expense Card. Many Banks and Credit Card companies also offer email account alerts that may summarize card activity for the previous day. However, most Banks and Credit Card companies do not offer SMS alerts. Card account alerts help you manage your balance as they constantly notify cardholders of activity for the previous day. With card account Alerts that aren’t real-time, you will not usually be informed about pre-authorization or pending transactions on your card account. This may give the end users the false assumption that their card balance is greater than they expect, and may not prevent a cardholder from avoiding an insufficient funds transaction.

Real-Time Alerts

We understand that traditional card account alerts are beneficial to cardholders as they help manage card account balances, which is important when cards need to be replenished with funds. However,
real-time alerts are the best selection for card account alerts as you will receive an updated balance within seconds of each transaction which occurs on the card. We even offer a free service in which you may SMS text for your balance (standard text messaging rates from your service provider may apply), in which Bank Freedom will SMS text you the current card balance. You will never have to worry about if your card will be accepted or declined with Real-Time Alerts!