bank of america debit card designs 2020

Download Bank of America Mobile Banking and enjoy it on your iPhone, iPad, Review activity in checking, savings and credit card accounts. At Aspiration, your savings and debit card purchases will never be used to fund the oil Banking on Climate Change 2020: Fossil Fuel Finance Report Card. Looks like they've updated the design on all of their core cards. Bank of America - My Newest Bae. BofA Debit card, 2021 edition.

: Bank of america debit card designs 2020

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Bank of america debit card designs 2020
Bank of america debit card designs 2020

Bank of america debit card designs 2020 -

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© 1997–2021 First Republic Bank.

Firstrepublic.com provides information to clients about their accounts and financial services by First Republic Bank and its affiliates.

Banking products and services are offered by First Republic Bank, Member FDIC and Equal Housing Lender

Investment Advisory services are provided by First Republic Investment Management, Inc. Trust and Fiduciary services are offered through First Republic Trust Company, a division of First Republic Bank; and First Republic Trust Company of Delaware LLC and First Republic Trust Company of Wyoming LLC, both wholly owned subsidiaries of First Republic Bank. Brokerage services are offered through First Republic Securities Company, LLC, Member FINRA/SIPC. Insurance services are provided through First Republic Securities Company, DBA Grand Eagle Insurance Services, LLC, CA Insurance License #0I13184, and First Republic Investment Management, DBA Eagle Private Insurance Services, CA Insurance License #0K93728.

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Источник: https://www.firstrepublic.com/personal/checking/atm-card-and-atm-debit-card

What are interchange fees and how are they calculated?

Definition: Interchange fees are transaction fees that the merchant's bank account must pay whenever a customer uses a credit/debit card to make a purchase from their store. The fees are paid to the card-issuing bank to cover handling costs, fraud and bad debt costs and the risk involved in approving the payment.

How are interchange fees charged to businesses?

Card-issuing banks, payment processors (which may or may not be the issuing bank), credit card payment networks like MasterCard and Visa, payment gateways, and the merchant's own bank will all charge a percentage-based fee on every transaction, and these charges frequently appear as a single, bundled amount on the bills your payment processor hands you. Even this is something of an oversimplification, however, since there are actually about 300 individual interchange fees composing the "single" interchange fee you actually pay.

Interchange fees are not static

Based on the costs of moving money, the time value of money in terms of current interest rates, and the relative risk involved, credit card companies set and regularly adjust their interchange rates. Visa and Mastercard, for example, change rates twice a year, in April and October. While there are other fees that merchants pay for the privilege of making sales via credit and debit card, interchange fees are by far the largest, representing 70% to 90% of the total fees paid to banks by merchants.

How interchange fees are calculated

Interchange fees are determined by a large number of complex variables. To simplify the cost for merchants, credit card companies compute interchange into flat rate plus a percentage of the sales total (including taxes). In the U.S. alone, billions of dollars are paid out by merchants to cover these fees every year, with the average rate coming out to about 2% of the purchase amount.

Transactional factors affecting interchange

  • Card type: Debit cards with PINs have lower rates than credit cards due to lower risk, and each credit card company will charge a different rate. Rewards cards pay for the perks given to card holders by charging higher interchange rates to businesses. The perks may, however, induce consumers to purchase more.
  • Business size and industry: Rates can vary by business type — supermarkets, for example, pay more than do gas stations. Additionally, larger merchants often have lower rates because they have enough "clout" to successfully negotiate with banks/credit card companies.
  • Transaction type: POS (point-of-sale) transactions are less risky than CNP (card-not-present) since the chip can be scanned, a signature taken or a PIN entered. Both MOTO (mail-order-telephone-order) and online orders are classed as CNP and charged a higher interchange rate.

Interchange fees are a part of doing business

Any business that allows customers to make purchases with credit/debit cards will have to pay interchange fees. While no online retailer likes to see potential profits deducted from a sale, the net gain from accepting credit/debit cards far outweighs the cost of interchange fees.


Learn more about pre-negotiated PayPal rates from Bigcommerce.

Источник: https://www.bigcommerce.com/ecommerce-answers/what-are-interchange-fees-and-how-are-they-calculated/

Wells Fargo to launch new, no-annual-fee card with 2% cash back on purchases and a $200 welcome bonus

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

Wells Fargo is trying to become a bigger competitor in the credit space with the launch of its new Wells Fargo Active CashSM Card. The Active Cash Card has no annual fee, offers a generous 2% cash rewards on purchases, a $200 Cash rewards (if you spend $1,000 in purchases within the first 3 months from the date your account is opened) and a 15 month 0% APR introductory period on purchases and qualifying balance transfers (then, a variable APR of 14.99% - 24.99%).

While Wells Fargo has long dominated the debit card space, the launch of the Active Cash Credit Card is a sign that the bank plans on revamping itself to compete with more formidable credit card issuers such as Chase, Citi and American Express. According to a 2020 J.D. Power Credit Card Satisfaction Study, Wells Fargo was ranked eighth in customer satisfaction for credit card issuers, well behind competitors like American Express and Bank of America.

Wells Fargo Active Cash℠ Card

  • Rewards

    Unlimited 2% cash rewards on purchases

  • Welcome bonus

    $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months

  • Annual fee

    $0

  • Intro APR

    0% APR on purchases and qualifying balance transfers for the first 15 months from account opening

  • Regular APR

    14.99% to 24.99% variable on purchases and balance transfers

  • Balance transfer fee

    Introductory fee of 3% ($5 minimum) for 120 days from account opening, then up to 5% ($5 minimum)

  • Foreign transaction fee

    3%

  • Credit needed

    Excellent/Good

See rates and fees and our methodology, terms apply.

Pros

  • Unlimited cash back
  • $200 welcome bonus
  • No annual fee
  • Introductory APR period for first 15 months
  • Access to Visa Signature Concierge
  • Get up to $600 cell phone protection

Cons

  • 3% fee charged on foreign transactions

"For a long time we were punching below our weight in the credit-card space," Krista Phillips, head of marketing, product, and loyalty at Wells Fargo, said Tuesday in a Bloomberg TV interview. "We're focusing on not just reestablishing our brand but giving customers products of value that they can't find anywhere else."

The Active Cash Credit Card provides an alternative to the Citi® Double Cash Card 一 a credit card that also offers 2% cash back (1% when you purchase and 1% when you pay) but without the welcome bonus. The Active Cash Credit Card also offers unique perks such as cell phone protection if you use the card to pay your cell phone bill. 

Citi® Double Cash Card

  • Rewards

    2% cash back: 1% on all eligible purchases and an additional 1% after you pay your credit card bill

  • Welcome bonus

    No current offer

  • Annual fee

    $0

  • Intro APR

    0% for the first 18 months on balance transfers; N/A for purchases

  • Regular APR

    13.99% - 23.99% variable on purchases and balance transfers

  • Balance transfer fee

    For balance transfers completed within 4 months of account opening, an intro balance transfer fee of 3% of each transfer ($5 minimum) applies; after that, a balance transfer fee of 5% of each transfer ($5 minimum) applies

  • Foreign transaction fee

    3%

  • Credit needed

    Good/Excellent

See our methodology, terms apply.

Pros

  • 2% cash back on all eligible purchases
  • Simple cash-back program that doesn't require activation or spending caps
  • One of the longest intro periods for balance transfers at 18 months

Cons

  • No welcome bonus, so you can’t maximize rewards during the first few months of card opening
  • Minimum cash-back redemption of $25
  • 3% fee charged on purchases made outside the U.S.
  • Estimated rewards earned after 1 year: $443
  • Estimated rewards earned after 5 years: $2,213

The new card is a great option for people seeking cash back on all of their purchases and for those who don't have the time to understand complex rewards programs. Furthermore, if you don't spend more money in certain categories, or just don't want to keep track of the myriad of bonus categories that many cards offer, the flat 2% cash rewards on purchases could be a good option for you. 

"I think when deciding whether a new credit card may be a good fit for you, the first step is reviewing your own spending for the last several months to understand whether your spend is concentrated in a few categories or spread out across a variety of categories," says Roger Ma, a certified financial planner at lifelaidout® and author of"Work Your Money, Not Your Life. "For spending that is concentrated in a few categories, like restaurants and travel, a rewards card like the Chase Sapphire Preferred or Reserve could make sense."

The cash rewards can be redeemed as a statement credit, through a Wells Fargo ATM by using a Wells Fargo debit or ATM card, as a direct deposit into a Wells Fargo savings or checking account or as a paper check. If you're an avid international traveler this card might not be your best option as there's a 3% foreign transaction fee.

If you're interested in exploring other 2% cash-back credit cards, there are other options like the Citi Double Cash, but they may not come with the unique perks offered by the Active Cash Credit Card such as a sign-on bonus or cell phone protection. The Fidelity® Rewards Visa Signature® Card and the PayPal Cashback Mastercard® don't offer a 0% introductory APR period on balance transfers or purchases and both require that cash-back rewards be deposited into accounts associated with their respective companies.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Источник: https://www.cnbc.com/select/wells-fargo-launch-new-no-annual-fee-active-cash-credit-card/

Leaked pics reveal Google smart debit card to rival Apple’s

Would you pay with a “Google Card?” TechCrunch has obtained imagery that shows Google is developing its own physical and virtual debit cards. The Google card and associated checking account will allow users to buy things with a card, mobile phone or online. It connects to a Google app with new features that let users easily monitor purchases, check their balance or lock their account. The card will be co-branded with different bank partners, including CITI and Stanford Federal Credit Union.

A source provided TechCrunch with the images seen here, as well as proof that they came from Google. Another source confirmed that Google has recently worked on a payments card that its team hopes will become the foundation of its Google Pay app — and help it rival Apple Pay and the Apple Card. Currently, Google Pay only allows online and peer-to-peer payments by connecting a traditionally issued payment card. A “Google Pay Card” would vastly expand the app’s use cases, and Google’s potential as a fintech giant.

Google the financial services company?

By building a smart debit card, Google has the opportunity to unlock new streams of revenue and data. It could potentially charge interchange fees on purchases made with the card or other checking account fees, and then split them with its banking partners. Depending on its privacy decisions, Google could use transaction data on what people buy to improve ad campaign measurement or even targeting. Brands might be willing to buy more Google ads if the tech giant can prove they drive a sales lift.

The long-term implications are even greater. While once the industry joke was that every app eventually becomes a messaging app, more recently it’s been that every tech company eventually becomes a financial services company. A smart debit card and checking accounts could pave the way for Google offering banking, stock brokerage, financial advice or robo-advising, accounting, insurance or lending.

Young wealthy man pays card using mobile payment

Image Credits: jossnatu / Getty Images

Google’s vast access to data could allow it to more accurately manage risk than traditional financial institutions. Its deep connection to consumers via apps, ads, search and the Android operating system gives it ample ways to promote and integrate financial services. With the COVID-19 downturn taking shape, high-margin finance products could help Google develop efficient revenue opportunities and build its share price back up.

When TechCrunch asked Google for confirmation, it did not dispute our findings or assertions. The company offered us a statement it provided reporters following a November story, wherein Google told The Wall Street Journal’s Peter Rudegeair and Liz Hoffman it was experimenting in the checking account space. TechCrunch is the first to report Google’s debit card plans:

We’re exploring how we can partner with banks and credit unions in the US to offer smart checking accounts through Google Pay, helping their customers benefit from useful insights and budgeting tools, while keeping their money in an FDIC or NCUA-insured account. Our lead partners today are Citi and Stanford Federal Credit Union, and we look forward to sharing more details in the coming months.

For now, Google’s strategy is to let partnered banks and credit unions provide the underlying financial infrastructure and navigate regulation while it builds smarter interfaces and user experiences. It’s forseeable that one day Google might cut out the banks and take all the spoils for itself. Google launched a Wallet debit card in 2013 as an extension of its old payment app Google Wallet, but shut the card down in 2016. Given Google’s penchant for renaming or shutting down then reviving products, building a new debit card feels on-brand.

With people around the world suddenly more concerned about their finances amidst the coronavirus economic disaster, a debit card with more transparency and controls could be appealing.

First look at the Google Card

Traditional banking products can be clunky, often requiring phone communication with customer service or sifting through cluttered websites to address security issues. Google hopes to make financial management as intuitive as its email and mapping apps. The card and app designs shown here are not final, and it’s unclear when Google’s debit card may launch. But let’s take a look at what these internal Google materials reveal about its ambitions for its payment instrument.

The Google debit card will come co-branded with the Google name and its partnered bank, though the exact name of the product is still unknown. In the designs, it’s a chip card on the Visa network, though Google could potentially support other networks like Mastercard. Users are able to add money or transfer funds out of their account from the connected Google app, which is likely to be Google Pay, and use a fingerprint and PIN for account security.

Once connected to their bank or credit union account, users could pay for purchases in retail stores with a physical Google debit card, including with contactless payments, by just holding it up to a card reader. A virtual version of the card that lives on a user’s phone can also be used for Bluetooth mobile payments. Meanwhile, a virtual card number can be used for online or in-app payments.

Users are shown a list of recent transactions, with each including the merchant name, date and price. They can dig into each transaction to see the location on a map, get directions or call the store. If users don’t recognize a transaction, it’s easy to protect themselves with the card’s vast security options.

If a customer suspects foul play because they lost their card, they can lock it and optionally order a replacement while still being able to pay with their phone or online, thanks to Google’s virtual card number system that’s different than the one on their physical card. If instead they suspect their virtual card number was stolen by a hacker, they can quickly reset it. And if they believe someone has gained unauthorized access to their account, they can lock it entirely to block all types of payments and transfers.

The settings reveal options for notifications and privacy controls to “decide what information you share,” though we don’t have imagery of what’s contained in those menus. It’s unclear how much power Google will give customers to limit the company or merchant’s data access. Google’s decisions there could impact how transaction data might fuel its other businesses.

Fintech everywhere

Google is a relative late-comer to offering its own card. Apple launched its Apple Card in August, offering a slickly designed titanium Mastercard credit card backed by Goldman Sachs. It charges minimal customer fees, comes with a virtual card for use through Apple Pay and generates interest.

Apple Card

Apple does collect interchange fees from merchants, though, which Google could similarly gather to earn revenue. Last month, Apple changed the Card’s privacy settings to share more data with Goldman Sachs that might also help the two provide additional financial services. Apple Pay now accounts for 5% of global card transactions, and is forecast to hit 10% by 2024, according to Bernstein research. The underlines the gigantic market Google is gunning for here.

The stock brokerage and robo-advisor apps have also joined the payments race. Wealthfront launched cash accounts last February, bringing in $1 billion in assets in two months and doubling the company’s total holdings to $20 billion by September. Betterment launched its checking product in October 2019 with a Visa debit card, but it doesn’t generate interest.

Robinhood botched the December 2018 launch of its checking accounts due to ineligible insurance, but relaunched in October 2019 with debit card withdrawls from 75,000 ATMs and a solid interest rate. It’s unclear how Google’s card will work with ATMs or how its checking accounts will generate interest.

Robinhood’s debit cards

The appeal for Google and the rest is clear. It seems whenever companies help move people’s money around, some of it inevitably “falls off the truck” and lands in their pockets. Financial services are typically low-overhead ways to generate revenue. That could be especially enticing, as Google has found many of its side hustle “other bets” to be unsustainable. It’s moved to prune some of these tertiary projects, such as its Makani wind energy kites.

Google may never find businesses as lucrative as its core in search and advertising, but it has the advantages to become a serious player in fintech. Its vast sums of cash, deep bench of engineering talent, experience building complex utilities, numerous consumer touch points and near-bottomless well of data could give it an edge over stodgier old banks and scrappier startups. And while Facebook slams into regulatory scrutiny and is forced to scale back its Libra cryptocurrency, Google’s more familiar approach via debit cards could pay off.

For more of this author Josh Constine’s product analysis, join his newsletter

Источник: https://techcrunch.com/2020/04/17/google-card/

The ultimate bank account with a statement metal card

What are the requirements to open an N26 Metal account?

You can sign up to N26 Metal if you meet the eligibility criteria. There are no other requirements or a minimum deposit needed to open this account.

What do I need to open my N26 Metal account?

To open an N26 Metal account, you must meet the eligibility criteria. You can then register on our website or from the N26 mobile app. Sign up only takes a few minutes, and no paperwork is needed. Once your identity is verified, you’ll be able to start using your bank account.

You can find more information at our Support Center.

How do I get an N26 Metal debit card?

When you open your N26 Metal account via the website or app, you can choose the color of your metal Mastercard. This step takes place before identity verification. Once your identity has been verified, we’ll send your N26 Metal card to your delivery address.

To learn more about N26 Metal card delivery, head over to this article in our Support Center.

How many free ATM withdrawals can I use each month with N26 Metal?

If you opened your account in Germany, Austria, Italy, Spain or France your N26 Metal Mastercard debit allows you to enjoy up to 5 fee-free ATM in the country. If you go over this fee-free limit, you’ll have to pay €2 for every additional withdrawal.

Elsewhere in the Eurozone, and just like with all foreign currency payments, all ATM withdrawals are free and unlimited with N26 Metal.

What are the insurances included with this premium account?

The N26 premium accounts include a mobility and travel insurance :

  1. Emergency medical cover that covers you, your spouse and your children (which also includes dental insurance and winter sports insurance)
  2. Trip curtailment or cancellation insurance
  3. Flight delay insurance and luggage delay or loss cover
  4. Bike, scooter and car sharing insurance
  5. Car rental insurance
  6. Cell phone insurance

To know more about the Alliance insurance package, please read the Terms and Conditions.

What does the pandemic coverage include?

If you’re an N26 You, Business You, Metal or Business Metal customer, epidemic and pandemic coverage is now included with your travel assistance package at no extra cost for trips started on or after January 22, 2021. The epidemic and pandemic travel coverage includes emergency hospital and medical expenses abroad, medical transportation and repatriation assistance, and canceled or interrupted trips for reasons relating to a pandemic or epidemic, such as COVID-19. Exclusions apply. You can find more detailed information here.

Alongside the regular insurance package available with N26 premium accounts, N26 Metal also gives you mobile phone and car rental insurance.

Do I have to pay additional fees to benefit from the mobile phone insurance?

No, mobile phone insurance is already included in your monthly N26 Metal membership fee.

What are the other benefits of an N26 Metal account?

N26 Metal also offers unlimited ATM withdrawals in foreign currencies, as well as free card payments worldwide. On top of this, your premium account gives you access to unique Experiences and hand-picked partner offers.

How much does the N26 Metal bank account cost?

The N26 Metal account costs €16.90 per month, with a 1-year commitment period.

Источник: https://n26.com/en-eu/metal

The ultimate bank account with a statement metal card

What are the requirements to open an N26 Metal account?

You can sign up to N26 Metal if you meet the eligibility criteria. There are no other requirements or a minimum deposit needed to open this account.

What do I need to open my N26 Metal account?

To open an N26 Metal account, you must meet the eligibility criteria. You can then register on our website or from the N26 mobile app. Sign up only takes a few minutes, and no paperwork is needed. Once your identity is verified, you’ll be able to start using your bank account.

You can find more information at our Support Center.

How do I get an N26 Metal debit card?

When you open your N26 Metal account via the website or app, you can choose the color of your metal Mastercard. This step takes place before identity verification. Once your identity has bank of america debit card designs 2020 verified, we’ll send your N26 Metal card to your delivery address.

To learn more about N26 Metal card delivery, head over to this article in our Support Center.

How many free ATM withdrawals can I use each month with N26 Metal?

If you opened your account in Germany, Austria, Italy, Spain or France your N26 Metal Mastercard debit allows you to enjoy up to 5 fee-free ATM in the country. If you go over this fee-free limit, you’ll have to pay €2 for every additional withdrawal.

Elsewhere in the Eurozone, and just like with all foreign currency payments, all ATM withdrawals are free and unlimited with N26 Metal.

What are the insurances included with this premium account?

The N26 premium accounts include a mobility and travel insurance :

  1. Emergency medical cover that covers you, your spouse and your children (which also includes dental insurance and winter sports insurance)
  2. Trip curtailment or cancellation insurance
  3. Flight delay insurance and luggage delay or loss cover
  4. Bike, scooter and car sharing insurance
  5. Car rental insurance
  6. Cell phone insurance

To know more about the Alliance insurance package, please read the Terms and Conditions.

What does the pandemic coverage include?

If you’re an N26 You, Business You, Metal or Business Metal customer, epidemic and pandemic coverage is now included with your travel assistance package at no extra cost for trips started on or after January 22, 2021. The epidemic and pandemic travel coverage includes emergency hospital and medical expenses abroad, medical transportation and repatriation assistance, and canceled or interrupted trips for reasons relating to a pandemic or epidemic, such as COVID-19. Exclusions apply. You can find more detailed information here.

Alongside the regular insurance package available with N26 premium accounts, N26 Metal also gives you mobile phone and car rental insurance.

Do I have to pay additional fees to benefit from the mobile phone insurance?

No, mobile phone insurance is already included in your monthly N26 Metal membership fee.

What are the other benefits of an N26 Metal account?

N26 Metal also offers unlimited ATM withdrawals in foreign currencies, as well as free card payments worldwide. On top of this, your premium account gives you access to unique Experiences and hand-picked partner offers.

How much does the N26 Metal bank account cost?

The N26 Metal account costs €16.90 per month, with a 1-year commitment period.

Источник: https://n26.com/en-eu/metal

@Curious_George2 wrote:

@BearsCubsOtters wrote:

I saw last week that they redesigned the Business version of the Cash Rewards so I was expecting this to happen. Huge improvement in my opinion.I just hope the made the information on the back easier to read on the Cash Rewards card. I can barely make out anything on my current one. 

 

They also redesigned the debit card to be that awful vertical "portrait" style. Not a fan. 


Agreed re bank of america debit card designs 2020 portrait orientation. Other than that, they look good. Just got a replacement debit card yesterday. Pic below. I assume the CC's will be essentially identical. 

 

Front is very clean. I didn't need to redact anything for the pic. 

 

Everything on the back is easy to read. Dark print on solid, light background. One nit: the important info on the back is printed with a medium that is the tiniest bit raised. This makes me wonder if it will wear off in some scenarios. 

BofA Debit card, 2021 editionBofA Debit card, 2021 edition

 


Thanks for posting that picture. It is attractive.I just wish it were landscape HA! But as someone else said, it will help differentiate the debit from Cash Rewards. 

 

Sadly, a lot of banks and credit unions are starting to introduce these portrait style cards; they claim that it makes more sense to be positioned that way as this is how cards are "dipped." Never mind that contactless is quickly replacing dipping the chip. 

 

BofA offers MyExpressions banking which allows for a debit card and check designs for various colleges/universities, sports teams, professional organizations etc.  I noticed that all of those cards were recently updated as well with un-embossed cards showing the contactless symbol and the updated Bank of America logo. All of them have been updated except the MLB debit cards so I am interested to see what they do with that as my BofA debit card is MLB.

Источник: https://ficoforums.myfico.com/t5/SmorgasBoard/Bank-of-America-Card-Design-Update/td-p/6273579
Terms & Conditions

© 1997–2021 First Republic Bank.

Firstrepublic.com provides information to clients about their accounts and financial services by First Republic Bank and its affiliates.

Banking products and services are offered by First Republic Bank, Member FDIC and Equal Housing Lender

Investment Advisory services are provided by First Republic Investment Management, Inc. Trust and Fiduciary services are offered through First Republic Trust Company, a division of First Republic Bank; and First Republic Trust Company of Delaware LLC and First Republic Trust Company of Wyoming LLC, both wholly owned subsidiaries of First Republic Bank. Brokerage services are offered through First Republic Securities Company, LLC, Member FINRA/SIPC. Insurance mibank are provided through First Republic Securities Company, DBA Grand Eagle Insurance Services, LLC, CA Insurance License #0I13184, and First Republic Investment Management, DBA Eagle Private Insurance Services, CA Insurance License #0K93728.

Investment, Insurance and Advisory Products and Services, and Foreign Exchange Transactions, are Not FDIC Insured or Insured by Any Federal Government Agency, Bank of america debit card designs 2020 a Deposit, Not Bank Guaranteed and May Lose Value.

DL0007
Источник: https://www.firstrepublic.com/personal/checking/atm-card-and-atm-debit-card

How to Get a New Card Design From Bank of America

You can get different card designs from Bank of America.

Image Credit: KellyISP/iStock/Getty Images

Bank of America offers account holders the option of getting a free debit card when they open personal or business checking and credit card accounts. If you didn't ask for a customized card then, you only got a debit or credit card that bears the Bank of America logo. The bank provides two convenient ways to change your existing debit card design.

Review Design Choices

The custom debit card designs that you can choose from depend on the type of account you have. Bank of America doesn't offer this choice for every type of personal checking account. However, you can review the current design possibilities by downloading the bank's latest Affinity Banking Program offers.

Popular designs let you support your favorite charity, sports teams or your favorite season. You'll find most major league baseball and football teams designs. You can also choose charities, such as Susan G. Komen, the World Wildlife Foundation and the International Honor Society. Get a card that displays your professional affiliations, including medical, legal and even Amway or the American Quarter Horse Association. Service members, veterans and supporters can adorn their cards with emblems for any of our military branches. Current options also include many colleges and universities, along with alumni associations.

Bank of America Custom Card Fees

Generally, Bank of America charges a ​$5​ fee to replace an existing ATM card. However, you can avoid paying this fee if you wait until your card is close to its expiration date. There is no charge for replacing a card that is about to expire. Inquire about changing to one of the customized Bank of America debit card designs at least a month before your current card's expiration date. The bank automatically creates a new card to replace the one that's expiring, so you'll want to order your custom card before they ship a replacement for your expiring card.

Call Bank of America Toll-Free

If you're just too busy bank of america debit card designs 2020 visit the branch, call Bank of America Affinity Banking toll-free at 800-432-1000. The bank staffs this line from 8 a.m. to 11 p.m. Eastern time on weekdays. Weekend hours are 8 a.m. to 8 p.m. Account holders who are not currently in the U.S. can call 315-724-4022 collect.

The customer service agents can tell you whether the account that you have with Bank of America is eligible for a custom Affinity Banking debit card. If your account is eligible for a Bank of America custom card, an agent will help you select a new design and process your request.

Make A Personal Banker Appointment

Bank of America has personal bankers at almost every branch. You can visit any branch that's convenient for you. However, you should schedule an appointment first. Mankato university housing you can see a personal banker by walking into a branch, wait times can be unpredictable. If you are enrolled in online banking or use the Bank of America mobile app, log in to your account. Then use the "Help" menu to find the appointment scheduling link.

When you change your card design at a branch, the personal banking representative will tell you if your account is eligible for a custom card. They can help you switch to an eligible account too, if necessary. Then they will show you all the available Bank of America debit card designs, review any fees and schedule the delivery of your new card.

Источник: https://www.sapling.com/7489322/new-card-design-bank-america

Wells Fargo to launch new, no-annual-fee card with 2% cash back on purchases and a $200 welcome bonus

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

Wells Fargo is trying to become a bigger competitor in the credit space with the launch of its new Wells Fargo Active CashSM Card. The Active Cash Card has no annual fee, offers a generous 2% cash rewards on purchases, a $200 Cash rewards (if you spend $1,000 in purchases within the first 3 months bank of america debit card designs 2020 the date your account is opened) and a 15 month 0% APR introductory period on purchases and qualifying balance transfers (then, a variable APR of 14.99% - 24.99%).

While Wells Fargo has long dominated the debit card space, the launch of the Active Cash Credit Card is bank of america debit card designs 2020 sign that the bank plans on revamping itself to compete with more formidable credit card issuers such as Chase, Citi and American Express. According to a 2020 J.D. Power Credit Card Satisfaction Study, Wells Fargo was ranked eighth in customer satisfaction for credit card issuers, well behind competitors like American Express and Bank of America.

Wells Fargo Active Cash℠ Card

  • Rewards

    Unlimited 2% cash rewards on purchases

  • Welcome bonus

    $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months

  • Annual fee

    $0

  • Intro APR

    0% APR on purchases and qualifying balance transfers for the first 15 months from account opening

  • Regular APR

    14.99% to 24.99% variable on purchases and balance transfers

  • Balance transfer fee

    Introductory fee of 3% ($5 minimum) for 120 days from account opening, then up to 5% ($5 minimum)

  • Foreign transaction fee

    3%

  • Credit needed

    Excellent/Good

See rates and fees and our methodology, terms apply.

Pros

  • Unlimited cash back
  • $200 welcome bonus
  • No annual fee
  • Introductory APR period for first 15 months
  • Access to Visa Signature Concierge
  • Get up to $600 cell phone protection

Cons

  • 3% fee charged on foreign transactions

"For a long time we were punching below our weight in the credit-card space," Krista Phillips, head of bank of america debit card designs 2020, product, and loyalty at Wells Fargo, said Tuesday in a Bloomberg TV interview. "We're focusing on not just reestablishing our brand but giving customers products of value that they can't find anywhere else."

The Active Cash Credit Card provides an alternative to the Citi® Double Cash Card 一 a credit card that also offers 2% cash back (1% when you purchase and 1% when you pay) but without the welcome bonus. The Active Cash Credit Card also offers unique perks such as cell phone protection if you use the card to pay your cell phone bill. 

Citi® Double Cash Card

  • Rewards

    2% cash back: 1% on all eligible purchases and an additional 1% after you pay your credit card bill

  • Welcome bonus

    No current offer

  • Annual fee

    $0

  • Intro APR

    0% for the first 18 months on balance transfers; N/A for purchases

  • Regular APR

    13.99% - 23.99% variable on purchases and balance transfers

  • Balance transfer fee

    For balance transfers completed within 4 months of account opening, an intro balance transfer fee of 3% of each transfer ($5 minimum) applies; after that, a balance transfer fee of 5% of each transfer ($5 minimum) applies

  • Foreign transaction fee

    3%

  • Credit needed

    Good/Excellent

See our methodology, terms apply.

Pros

  • 2% cash back on all eligible purchases
  • Simple cash-back program that doesn't require activation or spending caps
  • One of the longest intro periods for balance transfers at 18 months

Cons

  • No welcome bonus, so you can’t maximize rewards during the first few months of card opening
  • Minimum cash-back redemption of $25
  • 3% fee charged on purchases made outside the U.S.
  • Estimated rewards earned after 1 year: $443
  • Estimated rewards earned after 5 years: $2,213

The new card is a great option for people seeking cash back on all of their purchases and for those who don't have the time to understand complex rewards programs. Furthermore, if you don't spend more money in certain categories, or just don't want to keep track of the myriad of bonus categories that many cards offer, the flat 2% cash rewards on purchases could be a good option for you. 

"I think when deciding whether a new credit card may be a good fit for you, the first step is reviewing your own spending for the last several months to understand whether your spend is concentrated in a few categories or spread out across a variety of categories," says Roger Ma, a certified financial planner at lifelaidout® and author of"Work Your Money, Not Your Life. "For spending that is concentrated in a few categories, like restaurants and travel, a rewards card like the Chase Sapphire Preferred or Reserve could make sense."

The cash rewards can be redeemed as a statement credit, through a Wells Fargo ATM by using a Wells Fargo debit or ATM card, as a bank of america debit card designs 2020 deposit into a Wells Fargo savings or checking account or as a paper check. If you're an avid international traveler this card might not be your best option as there's a 3% foreign transaction fee.

If you're interested in exploring other 2% cash-back credit cards, there are other options like the Citi Double Cash, but they may not come with the unique perks offered by the Active Cash Credit Card such as a sign-on bonus or cell phone protection. The Fidelity® Rewards Visa Signature® Card and the PayPal Cashback Mastercard® don't offer a 0% introductory APR period on balance transfers or purchases and both require that cash-back rewards be deposited into accounts associated with their respective companies.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Источник: https://www.cnbc.com/select/wells-fargo-launch-new-no-annual-fee-active-cash-credit-card/

Leaked pics reveal Google smart debit card to rival Apple’s

Would you pay with a “Google Card?” TechCrunch has obtained imagery that shows Google is developing its own physical and virtual debit cards. The Google card and associated checking account will allow users to buy things with a card, mobile phone or online. It connects to a Google app with new features that let users easily monitor purchases, check their balance or lock their account. The card will be co-branded with different bank partners, including CITI and Stanford Federal Credit Union.

A source provided TechCrunch with the images seen here, as well as proof that they came from Google. Another source confirmed that Google has recently worked on a payments card that its team hopes will become the foundation of its Google Pay app — and help it rival Apple Pay and the Apple Card. Currently, Google Pay only allows online and peer-to-peer payments by connecting a traditionally issued payment card. A “Google Pay Card” would vastly expand the app’s use cases, and Google’s potential as a fintech giant.

walmart automotive near me the financial services company?

By building a smart debit card, Google has the opportunity to unlock new streams of revenue and data. It could potentially charge interchange fees on purchases made with the card or other checking account fees, and then split them with its banking partners. Depending on its privacy decisions, Google could use transaction data on what people buy to improve ad campaign measurement or even targeting. Brands might be willing to buy more Google ads if the tech giant can prove they drive a sales lift.

The long-term implications are even greater. While once the industry joke was that every app eventually becomes a messaging app, more recently it’s been that every tech company eventually becomes a financial services company. A smart debit card and checking accounts could pave the way for Google offering banking, stock brokerage, financial advice or robo-advising, accounting, insurance or lending.

Young wealthy man pays card using mobile payment

Image Credits: jossnatu / Getty Images

Google’s vast access to data could allow it to more accurately manage risk than traditional financial institutions. Its deep connection to consumers via apps, ads, search and the Android operating system gives it ample ways to promote and integrate financial services. With the COVID-19 downturn taking shape, high-margin finance products could help Google develop efficient revenue opportunities and build its share price back up.

When TechCrunch asked Google for confirmation, it did not dispute our findings or assertions. The company offered us a statement it provided reporters following a November story, wherein Google bank of america debit card designs 2020 The Wall Street Journal’s Peter Rudegeair and Liz Hoffman it was experimenting in the checking account space. TechCrunch is the first to report Google’s debit card plans:

We’re exploring how we can partner with banks and credit unions in the US to offer smart checking accounts through Google Pay, helping their customers benefit from useful insights and budgeting tools, while keeping their money in an FDIC or NCUA-insured account. Our lead partners today are Citi and Stanford Federal Credit Union, and we look forward to sharing more details in the coming months.

For now, Google’s strategy is to let partnered banks and credit unions provide the underlying financial infrastructure and navigate regulation while it builds smarter interfaces and user experiences. It’s forseeable that one day Google might cut out the banks and take all the spoils for itself. Google launched a Wallet debit card in 2013 as an extension of its old payment app Google Wallet, but shut the card down in 2016. Given Google’s penchant for renaming or shutting down then reviving products, building a new debit card feels on-brand.

With people around the world suddenly more concerned about their finances amidst the coronavirus economic disaster, a debit card with more transparency and controls could be appealing.

First look at the Google Card

Traditional banking products can be clunky, often requiring phone communication with customer service or sifting through cluttered websites to address security issues. Google hopes to make financial management as intuitive as nwbi stock email and mapping apps. The card and app designs shown here are not final, and it’s unclear when Google’s debit card may launch. But let’s take a look at what these internal Google materials reveal about its ambitions for its payment instrument.

The Google debit card will come co-branded with the Google name and its partnered bank, though the exact name of the product is still unknown. In the designs, it’s a chip card on the Visa network, though Google could potentially support other networks like Mastercard. Users are able to add money or transfer funds out of their account from the connected Google app, which is likely to be Google Pay, and use a fingerprint and PIN for account security.

Once connected to their bank or credit union account, users could pay jeffrey dahmer f is for family purchases in retail stores with a physical Google debit card, including with contactless payments, by just holding it up to a card reader. A virtual version of the card that lives on a user’s phone can also be used for Bluetooth mobile payments. Meanwhile, a virtual card number can be used for online or in-app payments.

Users are shown a list of recent transactions, with each including the merchant name, date and price. They can dig into each transaction to see the location on a map, get directions or call the store. If users don’t recognize a transaction, it’s easy to protect themselves with the card’s vast security options.

If a customer suspects foul play because they lost their card, they can lock it and optionally order a replacement while still being able to pay with their phone or online, thanks to Google’s virtual card number system that’s different than the one on their physical card. If instead they suspect their virtual card number was stolen by a hacker, they can quickly reset it. And if they believe someone has gained unauthorized access to their account, they can lock it entirely to block all types of payments and transfers.

The settings reveal options for notifications and privacy controls to “decide what information you share,” though we don’t have imagery of what’s contained in those menus. It’s unclear how much power Google will give customers to limit the company or merchant’s data access. Google’s decisions there could impact how transaction data might fuel its other businesses.

Fintech everywhere

Google is a relative late-comer to offering its own card. Apple launched its Apple Card in August, offering a slickly designed titanium Mastercard credit card backed by Goldman Sachs. It charges minimal customer fees, comes with a virtual card for use through Apple Pay and generates interest.

Apple Card

Apple does collect interchange fees from merchants, though, which Google could similarly gather to earn revenue. Last month, Apple changed the Card’s privacy settings to bank of america debit card designs 2020 more data with Goldman Sachs that might also help the two provide additional financial services. Apple Pay now accounts for 5% of global card transactions, and is forecast to hit 10% by 2024, according to Bernstein research. The underlines the gigantic market Google is gunning for here.

The stock brokerage and robo-advisor apps have also joined the payments race. Wealthfront launched cash accounts last February, bringing in $1 billion in assets in two months and doubling the company’s total holdings to $20 billion by September. Betterment launched its checking product in October 2019 with a Visa debit card, but it doesn’t generate interest.

Robinhood botched the December 2018 launch of its checking accounts due to ineligible insurance, but relaunched in October 2019 with debit card withdrawls from 75,000 ATMs and a solid interest rate. It’s unclear how Google’s card will work with ATMs or how its checking accounts will generate interest.

Robinhood’s debit cards

The appeal for Google and the rest is clear. It seems whenever companies help move people’s money around, some of it inevitably “falls off the truck” and lands in their pockets. Financial services are typically low-overhead ways to generate revenue. That could be especially enticing, as Google has found many of its side hustle “other bets” to be unsustainable. It’s moved to prune some first heritage bank centralia ks these tertiary projects, such as its Makani wind energy kites.

Google may never find businesses as lucrative as its core in search and advertising, but it has the advantages to become a serious player in fintech. Its vast sums of cash, deep bench of engineering talent, experience building complex utilities, numerous consumer touch points and near-bottomless well of data could give it an edge over stodgier old banks and scrappier startups. And while Facebook slams into regulatory scrutiny and is forced to scale back its Libra cryptocurrency, Google’s more familiar approach via debit cards could pay off.

For more of this author Josh Constine’s product analysis, join his newsletter

Источник: https://techcrunch.com/2020/04/17/google-card/

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