The Bancorp Bank is a consumer bank that specializes in helping individuals with past credit problems enjoy the use of prepaid debit cards. With Bancorp's prepaid cards, you can take part in exclusive rewards programs, make use of mobile banking features, receive text alerts, and use direct deposit. Some other perks include possible cash bonuses (depending on the card) and online bill pay. The best thing about Bancorp Bank prepaid cards is that everyone qualifies, no matter what their credit history looks like.
Who is Bancorp Bank? The Bancorp Bank is a subsidiary of The Bancorp, Inc. and was founded in 2000 in Wilmington, Delaware. It quickly became one of the premier online consumer banks thanks to its numerous account offerings such as online checking and savings accounts, along with investment and loan products which include their line of prepaid debit cards. These offerings have net them almost $2 billion in assets as of 2008. What’s unique about Bancorp Bank is that it has the ability to set up private label banking for non-banking companies. No other bank in the industry has been able to duplicate this. Here are some of the benefits of Bancorp Bank’s PrePaid Debit Cards:
So, if you are an individual with a poor credit history or someone who is just starting out and who needs access to a card, think about signing up for a Bancorp Bank prepaid debit card. With low account sign up fees, reasonable interest rates and the ability to deposit into your savings account through free direct deposit, Bancorp Bank cards offer a great alternative to using cash.