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Walmart Blue Bird AMEX to be backed by FDIC

Established Contributor

Walmart Blue Bird AMEX to be backed by FDIC

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

 

Interesting!


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2 REPLIES
Valued Contributor

Re: Walmart Blue Bird AMEX to be backed by FDIC

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

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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