Originally Posted by
BigB985
Reloadable only not gift cards. Of the Vanilla cards this would only impact their MyVanilla card. Not the gift cards or onevanilla prepaid cards.
You aren't reading that right. There is an and there. The first part and the second part are not necessarily related.
"According to Bancorp's SEC filing, the FDIC has restricted the bank, until further notice"
1) "from issuing nonbenefit reloadable prepaid cards"
2) " from any automated clearing house transactions for merchant-related payments"