Brinks 5% Issue

May 17th, 2016 at 11:34 pm

I know I mentioned the Brinks Prepaid Debit Card recently and how it changed. It seems it is required to have $500 Direct Deposited in order to qualify for a Brinks Preferred account. And you can only get the Savings Account paying 5% if you have the direct deposit. So there is a much higher threshold for making this work, than I originally understood. I think I understood you just needed a small deposit from your own account, rather than from an employer. So, I think I'm opting out of this one, unless I can figure a way around.

I did find a

link from Maximizing Money about the Brinks Prepaid Card that probably explains it better. It also seems to back up what I understand from the website and the inserts that arrived with the card.

Posted in Saving | 3 Comments »

3 Responses to “Brinks 5% Issue”

FrugalTexan75 Says:
May 18th, 2016 at 12:48 am 1463532535
1463532535

This must be a recent change. I've not received any communication about it.
creditcardfree Says:
May 18th, 2016 at 12:52 am 1463532749
1463532749

FT, you may be grandfathered to the conditions that were around when you applied.
FrugalTexan75 Says:
May 18th, 2016 at 12:23 pm 1463574186
1463574186

Perhaps so.

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Brinks 5% Issue

3 Responses to “Brinks 5% Issue”

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