More loan applicants are changing from bank to Dash card to receive their PPP funds, but what is the prepaid card all about?
The Dash card which is one of the top prepaid business cards is issued by Sunrise Banks, a small banking network in Minnesota.
In more than 210 countries and territories throughout the world, the Dash card is accepted at more than 40 million physical and online businesses. Each individual Dash card has a daily spending limit of $1,000.
Card withdrawals made with a teller within the bank are limited to $2,500 every 24-hour period (less any fees, which are normally $5). Within the Dash app, balance transfers are limited to $2,500 each 24 hour period.
Blue acorn and Dash card
Blue acorn is beginning to issue prepaid cards (Dash cards) via USPS to the mailing address of loan applicants.
Some PPP loan applicants who were having problems with their bank were able to amend their bank information or pick the debit card method.
How do I activate my Blueacorn dash card?
Download the Mastercard app or go to mydashcard.com to activate your card. The card number, your date of birth, and the last four digits of your social security number will be required.
How long will my funds add to the blue acorn prepaid dash card?
According to the Lender Service Provider, They will fund your dash card before it arrives at your mailbox. As the cardholder, you will need to activate the card upon receipt in order to access the funds.
How long does it take to get Blue acorn dash card?
Your card should come in 7-10 business days after you request it.