Is powerpaycard better than using check?
1. Cash stored on a powerpaycard is available immediately. If you send a check as a gift or to transfer money to relatives “back home”, the recipient’s bank usually puts the money on hold for at least a few days, and often a few weeks, until the check “clears”. The wait can be particularly long when sending money out of the country. With a powerpaycard, you can tell the recipient the PIN over the phone. Then, as soon as the card arrives, the recipient can use it immediately at an ATM. 2. Cards can be refilled quickly and easily. When you use check to send gifts or transfer money, if you want to send another gift or transfer more cash to the same person, the recipient has to wait for the check to arrive and the bank to clear it. With a powerpayCard you just add more cash to the same card. The recipient then has immediate access to the cash — the second and subsequent times, they don’t even have to wait for the card to arrive.
Related Questions
- I used a powerpayCard to transfer money to relatives back home. When I want to send more money to them, can I add money to the same card or do I have to get a new card?
- If I give a powerpaycard as a gift, can the recipient replace the card if it is lost or stolen card or do I have to do that?
- How much does it cost to get a powerpaycard?
