Bank Freedom Prepaid Debit Card Launched With Zero Activation Fee 100% Guaranteed Approval1 No Monthly Fee And Free Direct Deposit
IRVINE, Calif.--Bank Freedom announced today that it has launched its Bank Freedom Prepaid Debit Card on its website www.BankFreedom.com. Berman Marketing Group, Inc. a wholly owned subsidiary of Berman Holdings, Inc., (Pink Sheets:BRMN), will be marketing the card for Bank Freedom.
The Bank Freedom Prepaid Debit Card, A Card For Everyone® is a personalized, reusable prepaid debit card for America’s unbanked and underbanked population. The company states that (1) subject to verification of ID the prepaid debit cards will be offered to America’s estimated 40-80 million unbanked and underbanked consumers with a 100% Guaranteed Approval policy. The company believes it is setting the industry standards for affordable financial options for the underbanked by offering it’s prepaid debit card with no activation fee, no signature use fee, free direct deposit and no monthly fee if you direct deposit $500 a month or more.
Bank Freedom founder Bruce Berman stated, “I understand America’s unbanked and underbanked consumer because I have been underbanked twice in my life. First in my early 20’s and again when I was 30. I am 50 now but I painfully remember what it was like to have to cash my pay checks at check cashing services, pay my bills with money orders and make all my purchases with cash. Even though I had a job I couldn’t rent a car, make reservations, travel or make certain purchases. Now that was a long time ago, before the advent of the Internet even. In fact the Internet doesn’t take cash. It’s even tougher now to live a normal life if you’re underbanked than it was 20-30 years ago. The Internet doesn’t take cash and with the Bank Freedom Prepaid Debit Card you can now make those online purchases too.”
The Bank Freedom Prepaid Debit Cards are a perfect solution for America’s estimated 40-80 million unbanked and underbanked consumers. The prepaid debit cards become a virtual bank account and a plastic purchase card. You can either deposit cash onto your prepaid card at one of 40,000 retail locations near you or have your paycheck directly deposited onto the prepaid card for free. Once money is deposited on your Bank Freedom Prepaid Card you can make purchases for goods and services at millions of locations worldwide and use your card at over 1,000,000 ATM’s worldwide. The Bank Freedom Card has a zero activation fee with no strings attached and if you direct deposit $500 or more on your card per month there is no monthly fee. When you swipe your card and sign the receipt or enter it on the Internet there is no fee. For full terms and conditions visit www.BankFreedom.com.
Bank Freedom founder Bruce Berman continued, “When we put together the Bank Freedom card program we not only wanted to offer a truly unique and versatile card program but one that sets industry pricing standards. The under banked and unbanked American has been paying exorbitant fees to check cashing centers and other money service providers. Our Bank Freedom prepaid debit card program puts an end to that. I believe our Zero Activation Fee with no strings attached will become an industry standard. With our Bank Freedom Prepaid Debit Card there is no more need for any American to pay one cent to cash their paychecks. It’s time to stop taking advantage of America’s underbanked population and that is what Bank Freedom is all about.”
About Bank Freedom
Bank Freedom has recently entered the prepaid card industry. According to market data available there are between 40 and 80 million people in the United States who don’t have a bank account or who can’t qualify for a credit card because their credit scores are too low. This is called the under banked market. The emerging pre paid card solutions offered by Bank Freedom can act as a virtual bank account, card account and payment solution for those people who do not use banks or credit cards. For the under banked the evolution taking place with pre paid debit cards can replace their reliance on check cashing centers, money orders, and the inability to buy certain products that require a major credit card.
About the Berman Marketing Group, Inc.
The Berman Marketing Group, Inc. was formed by Bruce Berman and is a multi-channel direct market firm specializing in direct response marketing through Television, Radio, Internet and Print mediums. Prior to forming the Berman Marketing Group Inc., Bruce A. Berman has been marketing a variety of his own products using these mediums.
Berman Holdings, Inc. is a publicly traded holding company that’s current holdings consist of 100% interest in the Berman Marketing Group, Inc. Berman Holdings Inc. also recently announced it entered into a letter of intent to acquire Bank Freedom. Specific terms of the acquisition were not made available however Berman Holdings, Inc. recently announced it has as obtained shareholder approval to go forward with the acquisition.
Certain statements contained in the above, are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company’s current plans, intentions, beliefs and expectations and statements of future economic performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to differ materially from what is currently anticipated. The Company cannot guarantee its future results, levels of activity, performance or achievements.
For further information contact Ryan Guenthart at 877-237-6260 ext. 110 or visit the Company website at www.BankFreedom.com.
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