Introducing the Fast Cash Preferred
Cash Preferred Card is a Stored-Value card issued
by a financial institution and processed by Lynk Systems
using the name "Cash Lynk." This fast cash
card works just like an ATM Debit card, but without
requiring you to have a deposit account at that institution.
After the proceeds of a loan are loaded onto the card,
it can be used like any other ATM debit card with the
same worldwide access. You can charge retail purchases
at point of sale (POS) terminals or withdraw cash at
ATMs up to the cash limit of the ATM or the card’s
available balance. The available balance is determined
by the amount of funds the cardholder has loaded onto
the card and has not previously withdrawn.
How do loan proceeds get applied to the Fast
Cash Preferred Card?
You must apply for a loan by logging on to www.fastcashpreferred.com
and click on the Add Funds to Your Card button. This
will take you to a loan servicers website where you
can apply for a loan. Then Fast Cash Preferred will
receive approval notification from the lender, it will
takes about one hour for your loan proceeds to be available
on the Fast Cash Preferred Card.
What are the different ways to withdraw your
loan funds from the FastCash Preferred Card?
Our favorite way is to
withdraw the entire amount of your loan immediately
at an ATM. You
will not be charged an ATM fee by the card issuer for
the first ATM transaction that
occurs following the card being loaded with your loan
funds. In order to avoid being charged an ATM surcharge,
you must use a surcharge free ATM. To locate the nearest
surcharge free ATM, you can look online at www.atmsurcharges.com/find.html
or use your favorite search engine to locate surcharge
free ATMs nearest you.
Other options include:
- Leaving the funds on your card and accessing them
over time using ATM’s or POS’s (Points
of Sale) terminals, just as you would use a debit
card. However if you choose this option, each transaction
will incur a fee (ATM transactions may incur an additional
surcharge levied by the ATM owner) and the card will
be charged a monthly maintenance fee. The monthly
maintenance fee will be charged on the 15th of each
month in which the card maintains an available balance.
This will then reduce the amount of funds on your
card that are available for you to spend. Please see
the Fast Cash Preferred Card Cardholder Agreement
and Disclosure for fee information.
- You may transfer the funds from the card to your
personal checking account. Please note that you will
incur a fee for this using this service. If you choose
this method we advise you just apply for a regular
payday loan where they already deposit the money
in your checking account.