Trinity/Family Benefit question

[Fechick]

So they only take DE? I saw a review and their prices are competitive....do they do a POS interview?

 

[Baseball7]

You don't wanna take anything but direct express the rest of debit/credit card business is garbage. Prosperity is generally an E application except in a few states.

 

[Fechick]

Yes that's pretty accurate, but still need to ask...

 

[DonP]

If you pull up the search bar and put the different co's names in all this info is on here.

 

[Newby]

Funny u suggest those two cause I was looking at Prosperity earlier...how is the UW? I see they take DE....do they take other credit cards? Do they have any niches?

If your applicant has credit cards that are not direct express then they also have a checking account. NEVER, set up monthly payments to credit cards unless it's a last resort. They do NOT stay on the books.

I know some people will argue about the cash back. But they will pay a higher premium with the few companies that accept them. So tell them to pay their premium by bank draft and just mail you $2 extra every month. And then at the end of the year you will give them $1 from every month back. That's how it works.

As far as your actual question...I do not know offhand if Prosperity accepts non debit express credit cards.

 

[Fechick]

Thx...yes if someone hands me a bank debit card I always insist on routing + account #.

 

[Baseball7]

Keep in mind there are cards like
Netspend
AccountOne
Brinks
American Express debit
Etc
Chime bank

Are cards that pay people earlier then SS dates and have like virtually no chance of staying on the books.

 

[Fechick]

Yes aware of those...luckily, I rarely run across them......just usually good ol DE...

 

[BibH]

Baseball what about Bankcorp ? It's a debit card with account # and routing # . I was suspicious of it but Trans accepted it . The code for refusal came back no account found . We called bank and they don't accept debits threw the account and routing # . They only accept threw the actual card . The woman swears she gets paid on time all the time . Any experience with them ?

 

[Baseball7]

I just fully believe if a grown adult doesn't have a bank account it speaks volume to their level of responsibility .