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Lloyds Acorn prepaid MasterCard Review

Published on in Multi - Review by

Lloyds Acorn prepaid MasterCard Review

What’s good?

In February 2009, Lloyds launched the Acorn prepaid MasterCard principally to enable agencies to pay their temporary unbanked staff in the same way as banked staff. The card allows employees to gain instant access to their wages as well as enjoying the various other features of a flexible and versatile card that can be used at millions of outlets and ATM’s worldwide. In addition, the cardholder can set up standing orders, load additional funds from over 19,000 PayPoint outlets and have full access to a range of SMS and online services.

What’s not so good?

The card is a very specialist service in the sense that it is only available to existing Silver Account customers. If you are not a Silver Account holder already there may be more suitable prepaid card options available to you.

Card Design

Slick and contemporary

Fees

Various fees and charges will apply for the purposes of re-loading and using the card abroad for both ATM withdrawals and transaction charges. As with the majority of prepaid cards, you should be prepared for the charges to rise steadily as soon as you leave the UK.

Self servicing

You can reload the card easily using Lloyds’ online service as well as from over 19,000 Paypoint outlets.

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