View Single Post
Old Jun 21, 14, 3:21 am
  #1646  
prasha11
 
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
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 View Post
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.
prasha11 is offline