The materials on this website are provided for informational purposes only and do not constitute financial or tax advice.

Social Security Benefits Payments for FEBRUARY 2014 to your AccountNow® Visa® Prepaid Card & AccountNow® Gold Visa® Prepaid Card

SSI-Feb-2014

Customers with AccountNow prepaid cards issued by The Bancorp Bank may get their direct deposits faster▼. See the back of your AccountNow prepaid card for issuing bank.

Supplemental Security Income (SSI) and some VA Benefit deposits with a normal payment date of JANUARY 31 from US TREASURY will post between JANUARY 24, 2014 and JANUARY 31, 2014.

Deposits for individuals who began receiving benefits prior to May 1997 or who receive both SSA & SSI payments with a normal payment date of FEBRUARY 3 from US TREASURY may post between JANUARY 27, 2014 and FEBRUARY 3, 2014.

If your normal payment date for SSI, SSA or VA Benefits is:

January 31 – Estimated date benefits will be deposited on your AccountNow prepaid card:

January 24 – 31

February 3 – Estimated date benefits will be deposited on your AccountNow prepaid card:

January 27 – February 3

If your normal payment date falls on the second, third or fourth week of the month:

1st – 10th – Estimated date benefits will be deposited on your AccountNow prepaid card:

February 5 – 12

11th – 20th- Estimated date benefits will be deposited on your AccountNow prepaid card:

February 12 – 19

21st – 31st- Estimated date benefits will be deposited on your AccountNow prepaid card:

February 19 – 26

The deposit dates shown above are ESTIMATES of when you will receive your SSI, Social Security, and Benefits payments, based on when we generally see payments post. Our ESTIMATED dates are not guaranteed.

AccountNow generally receives direct deposits from the Social Security Administration prior to the payment date shown on the schedule of Social Security Benefits payments for 2013. As soon as AccountNow receives these deposits, we post the payment onto your prepaid card, to get your money to you as soon as possible. AccountNow has no control over when we receive direct deposits from the government.

Government payments are generally received before 8pm Central time. As a reminder we always post direct deposits as soon as we receive them as long as your account has been activated and is in good standing.

Direct Deposit – Frequently Asked Questions

How does it work?

Direct Deposit can be used for paychecks & government benefits checks (Social Security, SSI, SSDI, DFAS or VA compensation). All or part of your paycheck/benefits check can be directly deposited into your card account. Existing cardholders can log in to the online Customer Center to print a direct deposit form. Fill it out and give it to your employer or benefits provider. The form will include both a bank routing number (sometimes referred to as the ‘ABA Routing Number’) and your deposit account number.

How long will it take?

It generally takes 1 or 2 pay periods for Direct Deposit to begin. Ask your Employer or Benefits provider for more information.

How much does it cost?

Direct Deposit is a free† service for you and your employer or benefits provider.

How will I get paid faster?

Direct Deposit is the fastest way to get paid and avoid the hassles of dealing with a paper check. With Direct Deposit your funds are electronically deposited into your card account so there’s no waiting for a check to clear. Once you set up Direct Deposit with your Employer or Benefits Provider, AccountNow will process deposits as soon as they are received – which may be up to 2 days faster than you would normally receive a check from your employer or benefits provider.

When will I start getting paid early?

Not everyone will get paid earlier than the employer or benefits provider’s scheduled pay date as direct deposit and early deposit capability is subject to the employer or benefits provider’s support of the feature and the timing of the payer’s funding. If your employer or benefits provider supports direct deposit and sends funds in advance of your payday, you will see early deposits effective after the second direct deposit is received.

Can the dates of my deposits vary?

Yes, the dates of your deposits may vary depending on the timing of the employer or benefits provider’s funding.

Are all AccountNow cardholders eligible for early deposits?

Currently, this early deposit feature is only available on AccountNow Gold and classic Prepaid Visa cards issued by The Bancorp Bank. You can check the back of your card for your issuing bank. Click here to sign up. It’s important to note that not all of The Bancorp Bank deposits will post early, as it is dependent upon when we receive your deposit information. Each pay period may vary.

What if I am already enrolled in Direct Deposit?

You don’t need to do anything. If you already made more than 2 deposits, you should already have seen the benefits of this new feature and are getting paid earlier!

How do I qualify for the $15 Direct Deposit bonus?

This offer is available to all AccountNow Gold Visa Prepaid Card customers. To qualify for the $15 direct deposit bonus, within 6 month after being approved to receive a card you must deposit at least $500 per month via recurring direct deposit in two or more consecutive months. Learn more.

 

▼Applies to customers with prepaid cards issued by The Bancorp Bank with recurring direct deposits, and will be effective after the second direct deposit is received. Faster access to funds is based on comparison of traditional banking policies versus eligible electronic direct deposit. Direct deposit and early deposit capability is subject to payer’s support of the feature and timing of payer’s funding. MetaBankTM is not associated in any way with this offer and does not endorse or sponsor this offer.

†There is no additional charge for this feature, but fees apply to your prepaid card. See your Cardholder Agreement for fees, terms and conditions.