Originally Posted by Yossarian147 View Post
What guarantees the value on the card though? OVs and gift cards are not FDIC insured. What happens if Bancorp goes under?
Originally Posted by
Yossarian147
Bancorp is a member of FDIC, VG and OV are fixed value cards, has implied product - purchased value guaranty. MyVanilla is re-loadable (withdrawals and deposits) falls in different category, similar to bank accounts.