| SAMPLE CARD |  |
|---|
| BRIEF DESCRIPTION |
- Prepaid cards are not linked to any bank account.
- Instead, it has an electronic wallet that needs to be reloaded
once the balance is used up so that you may use it again for your
next purchase or withdrawal.
- Funds in a prepaid card does not earn interest.
- EFFECTIVE FOR THOSE WHO NEED TO CONTROL THEIR
SPENDING.
|
|---|
| CARD LIMIT | Reloadable funds. Usual prepaid card limit in the Philippines is
P100,000.00 |
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| PAYMENT | Deducts corresponding amount of prepaid credits from your prepaid
balance/load |
|---|
| FEES AND PENALTIES |
- Most prepaid cards have card fees, some have annual fees.
- No interest fees
- Sometimes a dormancy fee is charged for cards with no
customer-initiated transactions for a certain period of time.
- Most prepaid cards have an ATM withdrawal fee.
|
|---|
| WITHDRAWALS VIA ATM | Some prepaid cards cannot be used in an ATM |
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| MAINTAINING BALANCE | No maintaining balance |
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