AccountNow Introduces New Services for Unbanked

The company’s goal to be the primary financial relationship for the unbanked has driven its latest round of robust product offerings, which include:

• Money 411 – Resources for the Unbanked: Introducing the first comprehensive information network designed specifically for those who do not use, or have been unable to get, a traditional bank account. AccountNow’s Money 411 is a unique financial resource center, providing articles, tips and advice to help these consumers maneuver the financial roadblocks they face on a day to day basis;
• New Short-Term Loan Product: AccountNow is offering iAdvance, available with the AccountNow Vantage Prepaid MasterCard from MetaBank, to answer a clear customer need for access to affordable short-term credit to pay for life’s unexpected expenses. iAdvance provides a line of credit that can be accessed 24/7 via a customer’s prepaid card. Available to cardholders with direct deposit, iAdvance is a more convenient and less costly alternative to other options, with no rollovers, no multiple outstanding loans and lower fees than other high-cost, nonbank credit alternatives;
• No Upfront Fees for New Accounts: With the elimination of upfront fees for new customers who use direct deposit, AccountNow has removed another obstacle to the greater convenience of a prepaid card account versus traditional check cashiers.

“Our mission is to provide people who don’t have bank accounts with the tools and services they need, but can’t get, to improve their financial lives,” said Tim Coltrell, Chief Executive Officer of AccountNow. “With our latest suite of innovative new services we’re demonstrating that we are responsive to the needs of our customers and are committed to stepping outside of the status quo to solve some of their biggest pain points for managing their money.”