The Serve Pay As You Go Visa looks to help you better prepare for your future needs. It is designed for individuals 18 or older with a credit history who want to establish a relationship with a financial institution by building up savings for when unforeseen needs arise. This can include anything from medical bills and vehicle maintenance to holiday gifts and trips home.
The flexible spending account feature also allows you to deposit your tax refund or other lump sum payments into the account up front, so your cash outlays are significantly reduced by spreading out the taxes due over more than one year.
The IRS has set aside a whole section of its website to explain the flexible spending account and how it is different from a health savings account that you might already have. You can visit this page or check out the following video for more information. How to take advantage of a Flexible Spending Account in Tennessee
The cons of the “Serve Pay As You go Visa”
- you need a bank account or checking account to be able to activate this make sure you have enough money in your checking account (trial run beforehand is advisable)
- sometimes, individuals don’t get equal access when they swipe their credit. The grocery store may not accept international credit cards; stocking shelves at retail stores aren’t always fast enough to make the credit card reader work and so on.
- If you’re in this situation, try to get a cash advance from your bank or check into your options for an alternative method of payment
- Do not use a credit card that expires soon, or one with charges if you don’t have enough money in your checking account (trial run beforehand).
- There is FDIC-insurance for most bank backed traditional credit cards and accounts, according to the U.S. Federal Deposit Insurance Corporation (FDIC).
- That isn’t the case with prepaid or flexible spending accounts like those that serve pay as you go visa card. , pay as you go amex cards and prepaid gift cards.If you haven’t done so already, I would recommend making sure that your family members have a strategy for what to do with their debit card in the event of an emergency.
Worldwide access, international surcharge and cash withdrawal
This kind of credit card does not have a credit history so it is a perfect choice for people that are not well-established in the employer’s eyes. Customers must add “Pay As You Go” on register to use the prepaid option when buying the prepaid card from any vendor. If there is any question that it is bought with a PCard they can mention their PCard user number under the “user name or account ID” field.
Be very careful when inputting numbers because if you enter these incorrectly you may end up consuming loads of balances than originally intended.
When deposits take place in the account, cash (USD) will first be used before transferring dollar denominations so a person has to keep an eye for the cash holding in their accountIf the balance of your account dips below the minimum required dollar amount, a message will appear on the screen asking to replenish funds until it meets the minimum requirement.
Customers who have designated themselves as ‘Debit card’ type may withdraw money from any ATM or branch location and use it directly for their purchase.
This account is available in certain territories around the world. The main feature of this prepaid card is that it’s id-less, and it also has a less than 1% currency exchange fee, with no other costs except for your ATM withdrawals which would be at a dime each.
Serve Pay As You Go Visa has already been paving things for you as a provider by allowing you offers such as competitive pricing on cards, secure transactions for payments or managing your cash flows for maximum efficiency!
Do your finances have any confusing documents or just not enough documentation? All credit conditions are worth handling but if you have exhausted safer options. The following are some of the steps you need to take in order to apply for a Serve
Pay As You Go Visa Prepaid card:
- Find an Accredited Agent near you or call the credit card issuing instiution.
- To qualify, you’ll have an active checking account in good standing with Chase bank or apply for one that requires direct deposit from employer.