nFinanSe helps its prepaid customers receive their earnings in full

nFinanSe Inc., a financial services company and provider of stored value and prepaid card solutions, is offering is new “Lucky 777” program that allows its reloadable prepaid cardholders to set up free direct deposit with their employers. Under this program employers can process cardholder direct deposits just like they process any other direct deposit. Thus, workers will not lose their money to high-priced check cashing outlets that charge fees ranging from two to five percent of the check value.

“We’ve transformed our already low-cost card into a bank for the 73 million unbanked and underbanked,” says Jerry R. Welch, Chairman and CEO of nFinanSe, “One that keeps their money secure and doesn’t force them to sacrifice up to five percent of their paychecks. Think about it – for an hourly worker earning $500 every two weeks, that’s up to $25 of their paycheck, $50 each month that they would have to give up just to access their own money.” 

“Lucky 777” is the latest way nFinanSe is helping the millions of Americans who either don’t have bank accounts or who are maxed out on their credit cards. Inspiring its name, cardholders who sign up for the direct deposit program automatically get $7.77 deposited onto their reloadable prepaid cards at the time of their first direct deposit from an employer,” he added.