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Established Contributor
Posts: 608
Registered: ‎10-11-2012
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Walmart Blue Bird AMEX to be backed by FDIC

[ Edited ]

http://www.washingtonpost.com/business/economy/wal-mart-and-amex-prepaid-card-gets-fdic-insurance/20...

 

Interesting!


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Valued Contributor
Posts: 2,424
Registered: ‎03-15-2012
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Re: Walmart Blue Bird AMEX to be backed by FDIC

[ Edited ]

Kinda scary that they're laundering money through WF, in order to do this. People will wise up, and just deposit directly into WF, and/or do their secured card.

Established Member
Posts: 36
Registered: ‎04-08-2013
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Re: Walmart Blue Bird AMEX to be backed by FDIC

After having banked with Wells Fargo, I will no longer do business with them.  I'm not sure what there is to "wise up" to, but I will not be doing any kind of prepaid card (or any other business for that matter) with Wells Fargo.

I also doubt Wells Fargo is offering funding through Vanilla Reload, and I would bet they are not going to offer all the perks AmEx does on their cards.

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