TORONTO, ON, June 23, 2020 – TruCash Group of Companies| TruCash®, the only challenger bank that partners with corporations and governments to help working Canadians grow financially while being safe and secure. Today, TruCash announced a new initiative to help cash-strapped Canadians save every time they visit an ATM.
Effective immediately, cardholders of the TruCash or TruCash Affiliated corporate partners, who have a Visa Prepaid Card, will have access to 8,000 white label ATMs in Canada with no surcharge fees. This will save TruCash cardholders between $1.50 to $7.50 per ATM transaction. This means access to 38% more ATM locations, than the major banks. Cardholders can use the ATM locator, available in the TruCash Mobile Wallet, to search and identify participating ATMs across Canada.
“The majority of today’s workforce and elderly are living from cheque to cheque. Employees and consumers need equitable financial services that can improve their financial health and help them save for a secure future,” said Diana Fletcher, Founder and President of TruCash. “An important part of that is giving them ready access to their hard-earned cash without burdening them with additional ATM fees.”
This offering underscores TruCash’s commitment to helping Canadians get ahead with cost-saving, fast and flexible financial tools. The initiative continues TruCash’s efforts to reduce or eliminate fees for customers.
“As a result of the unprecedented COVID-19 pandemic, the transition to digital payments has moved at an accelerated rate. In response, we have built the most feature-rich corporate solutions available,” added Fletcher. “Focusing on cost-reduction and value-added features, which allows us to provide payment alternatives that increase speed, security, accountability and efficiency.
Employers, Corporations and Governments alike, utilize TruCash’s solution as a free financial wellness benefit, that helps consumers better address their day-to-day financial needs.
TruCash also delivers other financial tools on their TruCash Mobile Wallet, including Bill pay, Interac email transfer, Visa Direct, detailed transaction history and alerts on usage for fraud purposes. Plus the TruCash proprietary real-time Points-to-Cash loyalty program that is very unique in the marketplace.
The TruCash Prepaid card is a customized digital corporate Visa® product used by numerous industries to help ease payment friction and speed the distribution of emergency support funds, wages, expenses, incentives and more. Along with offering instant access to funds through the TruCash Prepaid Visa card, TruCash delivers other payment tools, including branded prepaid cards, virtual payment products, payment processing, rewards and innovative mobile wallet products.
About TruCash Group of Companies | TruCash
TruCash at its core helps companies, business owners and consumers better manage their operations and processes through branded prepaid cards, specialized software, multi-function wallets and customized development. Our principals understand the need for technology in shaping the future of electronic disbursements for global brands, governments, local authorities, NGOs, mobile network operators, banks and corporations. Whether you’re looking for an easy turn-key funds distribution solution or a fully customized loyalty platform, we have the experience, expertise and passion to make your program a success.