Prepaid Gift Cards – All You Need To Know
Gifting plastic money for the pleasure of shopping is the new way to put its receiver in the driver’s seat to make his/her choice. The Prepaid Gift Card, which is pre-loaded with a certain amount of money by the one gifting it, works like a Debit Card. It can be used to make online purchases or for mygiftcardmall shopping at physical stores that accept the card. You can read more on what is a Gift Card here.
The person receiving the Gift Card does not have to be a customer of the issuing bank. However, the one gifting the card may or may not require to be the issuing bank’s customer.Someone who is not a customer of the issuing bank, has to visit a bank branch, fill out a Gift Card application form and submit a cheque or demand draft of the amount that is to be loaded (inclusive of fees, if any) to obtain a Gift Card. However, existing bank customers have the convenience of obtaining a Gift Card via fund transfer, net banking or even phone banking.