TUPELO — BancorpSouth Inc. has launched the BancorpSouth Prepaid Card program designed to serve as an alternative to traditional checking accounts.
“The Prepaid Card program puts customers in control of their funds, and having no minimum balance or overdraft fees make the cards ideal for budgeting, travel and students,” said Derek Caswell , BancorpSouth first vice president, retail banking. “The program also allows customers that cannot get approved for a checking account to establish a relationship with the bank.”
The program is designed around a prepaid MasterCard debit card.
The BancorpSouth pre-paid card program is offered through The Community Bank Prepaid Program launched in 2010 by ABA Business Solutions, a subsidiary of the American Bankers Association, with partners MasterCard Worldwide and TransCard.