By Raphael Michilis
18 May 2012
18 May 2012
24/7 Cards has launched a prepaid card combining debit and
overseas remittance services aimed to Latin American immigrants in the US .
The card, dubbed The Smarter Way to Bank and Send Money, permits its holders to send money abroad 24 hours a day, 7 days a week, make online payments and set up direct debits.
"We are proud to empower Hispanic-Americans and other immigrants with a safer, more cost-effective way to send money to their loved ones in Mexico, Central and South America, the Caribbean, and other countries, including China, India and the Philippines," said Lance Rosenzweig, 24/7 Card CEO.
The card can be loaded through direct deposit, bank transfer or at 24/7 partners, such as Walmart, 7eleven andWestern Union .
It charges monthly fees of USD 9.95 for maintainance, up to USD 7.95 plus for remittance and another USD 2 for ATM withdrawals.
A pay-as-you-go version excludes monthly fees, but adds an extra USD 1 for Visa transaction.
The recipient can receive money at 24/7 remittance partners, deposited directly into a bank account, or even hand delivered to their home, in areas where home delivery is available.
24/7 Cards supports money transfer to a total of 23 countries across the globe, includingPoland ,
Hong Kong and Russia .
The card, dubbed The Smarter Way to Bank and Send Money, permits its holders to send money abroad 24 hours a day, 7 days a week, make online payments and set up direct debits.
"We are proud to empower Hispanic-Americans and other immigrants with a safer, more cost-effective way to send money to their loved ones in Mexico, Central and South America, the Caribbean, and other countries, including China, India and the Philippines," said Lance Rosenzweig, 24/7 Card CEO.
The card can be loaded through direct deposit, bank transfer or at 24/7 partners, such as Walmart, 7eleven and
It charges monthly fees of USD 9.95 for maintainance, up to USD 7.95 plus for remittance and another USD 2 for ATM withdrawals.
A pay-as-you-go version excludes monthly fees, but adds an extra USD 1 for Visa transaction.
The recipient can receive money at 24/7 remittance partners, deposited directly into a bank account, or even hand delivered to their home, in areas where home delivery is available.
24/7 Cards supports money transfer to a total of 23 countries across the globe, including
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