If the Average Daily Balance is $1,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an Annual Percentage Yield (APY) of 5.00%. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. If Cardholder is subject to Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. To participate in the Savings Account program, Cardholder must consent to and continue receiving communications from us in electronic form. The Bancorp Bank, Mastercard or PayPal are not affiliated in any way with the program and neither endorses nor sponsors it.Ħ The Savings Account is made available to Cardholders through The Bancorp Bank Member FDIC. See the program FAQs and Terms and Conditions in your Online Account Center for additional details about how and when you get rewarded. Cash back rewards are credited to your Card Account and are not available in the form of a check or other direct payment method. Reward offers are based on individual shopping habits. You may opt-out at any time by visiting the Payback Rewards Page in your Online Account Center. *Must have a PayPal Balance account to maintain and use a balance with PayPal.ĥ Payback Rewards is an optional program. The Bancorp Bank and Mastercard are not affiliated with, and neither endorses nor sponsors the online account to which various funding sources, including a PayPal Prepaid Card, may be linked.Ĥ A fee may be assessed by reload location and may vary from location to location. PayPal Transfers cannot be reversed or canceled. Only one (1) PayPal Prepaid Mastercard may be lined to one (1) account at PayPal. Transfers may only be made in the name of a valid PayPal Prepaid Mastercard Cardholder. Transfers may not exceed $300 per day/$2,000 per rolling 30 days and are limited to the funds available in your account at PayPal. A PayPal Balance account is required for certain features, but not to have the PayPal Prepaid Card. If you do not already have a PayPal Balance account you will link to this Card, visit to get one, or you may get one when you activate this card online. Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instructions.ģ PayPal Transfers require a PayPal Balance account and a personalized card, which arrives within 10 business days after activation of your instant-issue card. Fraud prevention restrictions may delay availablility of funds with or without notice. See the Cardholder Agreement or Online Account Center for more details.Ģ Faster funding claim is based on a comparison of Netspend's policy of making funds available upon receipt of payment instructions versus the typical banking practic of posting funds at settlement. Residents of Vermont are ineligible to open a Card Account.ġ While this specific feature is available at no cost, certain other transaction fees and costs, terms, and conditions are associated with the use of this Card. Use of PayPal Prepaid Card Account also subject to fraud prevention restrictions at any time, with or without notice. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. If your identity is partially verified, full use of the PayPal Prepaid Card Account will be restricted, but you may be able to use the Card for in-store purchase transactions. Card activation and identity verification required before you can use the PayPal Prepaid Card Account. We may also ask to see your driver's license or other identifying information. WHAT THIS MEANS FOR YOU: When you open a PayPal Prepaid Card Account, we will ask for your name, address, date of birth, and your government ID number. *IMPORTANT INFORMATION FOR OPENING A NEW CARD ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, and record information that identifies each person who opens a PayPal Prepaid Card Account.
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