The offer pertains to a maximum of one nominated Savings Maximiser account held in your name (either single or joint account).

Any quantities above $100,000 are topic to the Savings Maximiser standard variable price applicable during the time. If you don’t fulfill the conditions to get the excess adjustable price, the typical adjustable price pertains. For those who have numerous cost cost Savings Maximiser accounts, visit online banking or give us a call on 133 464 to check on or alter which Savings Maximiser account gets the excess adjustable rate (if eligible). [Read more…]

The WSJ states that the prepaid credit card company is booming and it is likely to achieve $200 billion in revenue by 2013. The greatest prepaid credit card business, Green Dot Corp., raised $160 million with its IPO final thirty days and has now seen its stock rise by 30 % ever since then. The second-biggest business in the industry, NetSpend Holdings Inc., hopes to improve $200 million in its very own IPO that is coming. This really is news that is good.

Prepaid cards are utilized as debit cards, with all the huge difference they are perhaps perhaps perhaps not associated with a bank account, but they are drawing funds from a merchant account aided by the issuing bank. Yet, they’re not charge cards either, since the issuer is certainly not expanding a personal line of credit to your cardholder, that is really buying his / her card’s spending limitation. When the stability can be used up, the card is re-loaded.

Prepaid cards limit the spending that is cardholder’s the quantity that is pre-loaded in the card. Unlike with bank cards, prepaid credit card issuers usually do not offer overdraft security, which, if triggered, allows cardholders to debate their restriction, for a fee.

So having to pay with prepaid cards is a lot like paying with money. [Read more…]