In partnership with Engage, we offer our members the option of applying for an Engage pre-paid debit card.
What is a Prepaid Card?
A prepaid debit card is an electronic money product - a more secure alternative to cash and cheques. It can be loaded with funds from your Credit Union savings account or a bank account. You can only spend the amount you have pre loaded onto the card. Once loaded with funds it can then be used in the same way as a standard debit card to make purchases in stores, online or withdraw cash from an ATM. You can also set up standing orders using the card.
Does the Credit Union Supply the Card?
No, we offer our members the option of applying for an Engage Classic debit card – this is a Visa prepaid debit card supplied by Contis Financial Services Ltd.
How Do I Load the Card from my Credit Union Account?
Simply phone us on 02920 872373 during working hours Monday – Friday and we will transfer funds immediately onto your card. Larger transfers of £1,000 or more may take up to two working days.
There are a number of benefits to the card, particularly for those who don't have a current account, or want to keep a separate account for specific expenses or bills:
The card is free at the point of issue, but from September 2015, monthly management fees of £2 per month, per card are charged by Contis. For a full breakdown of fees and the card issuer’s terms and conditions please visit
www.credecard.com/wp-content/uploads/2014/03/Engage-Classic-.pdf (hard copies of the card issuer’s terms and conditions can be supplied on request).
Applying for a Card
If you are already a member with us, and want to apply for the card, please complete the attached form. If you are not a member, please contact us and we will advise you on how to join Cardiff & Vale Credit Union.
Cardholders 'load' money onto the card from their savings account with us or have an approved loan paid onto the card, which can then be used to buy goods or withdraw from cash machines, in the same way as a standard debit card in stores, online or to set up standing orders.