Insight News

Wednesday
Sep 03rd

RushCard announces industry’s most convenient, affordable card-to-card funds transfer feature to aid members in time for tax refund season

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RushCard announced the availability of its new, highly-demanded card-to-card funds transfer feature. The feature offers unparalleled convenience and affordability to those who want to transfer money between Prepaid Visa® RushCards, and it comes just in time for the income tax refund season.
With the new card-to-card funds transfer, RushCard members can instantly transfer money at a fraction of the cost they’d pay to move money through leading wire transfer services. 

A RushCard member can now transfer funds to another member’s card at a low, flat rate, and they can transfer funds between their own RushCards for free. Transfer fees with other services can be eight to ten times higher to move the same amount of money.

All funds transfers can be completed in minutes online at rushcard.com or over the telephone with a customer service agent.

Also, card-to-card funds transfers can be easily executed on a mobile phone and regular funds transfers can be scheduled months in advance. RushCard is the only prepaid debit card that allows its members to schedule transfers in advance.

“By giving our members the ability to move funds via a mobile phone and to schedule their money transfers in advance, RushCard has changed the game for funds transfers,” said entrepreneur and philanthropist Russell Simmons. Simmons launched RushCard to help people without a traditional banking relationship gain the access to the financial services and respect that they deserve. “No one should be forced to pay higher fees to transfer much-needed money to a loved one or to save.  Now, RushCard gives them a very convenient, much more affordable way to make these important transactions.”

Direct deposit of tax refunds is a safe and easy way to manage the new windfall of cash.  The new card-to-card transfer functionality rewards that sound money management practice, company officials said.

“Thanks to their tax refund, many people have extra funds in the early part of the year to send to others or to save” said Ram Palaniappan, general manager of the RushCard.  “With our newest feature, our members can quickly and easily send money to college students or other loved ones in need, or transfer the funds onto their own secondary RushCard as a way to save. Our members really wanted this feature, and we are proud to offer it for a mere fraction of what others charge.”

In addition to card-to-card funds transfers, RushCard members also enjoy industry-leading online budget management tools that allow them keep track of their expenses and avoid costly financial woes.  Soon, RushCard will announce even more incentives to encourage direct deposit during the 2010 tax season.

Anyone interested in applying for a RushCard can apply online at www.rushcard.com, or call the toll-free member services line at 1 (866) RUSHCARD.
 

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