The
TransFund
Home Equity Card
functions like a debit card, but is tied to a home equity
line of credit account.
Now
home equity loan customers can use a plastic payment card for purchases
instead of a book of checks. The card is tied to the loan account so
that proceeds can be accessed with ease and convenience. ATM deposits,
account transfers and purchases with cash back are not allowed. Regulations
Z and E govern this card product.
Additional
Features:
Can
be used for retail, phone, mail and
internet purchases
Can
be used for ATM transactions
Earns
interchange income
Can
be issued as a school card
Can
be issued as a photo card
Can
be issued as a business check card
Provides
zero liability cardholder protection
Issuer
name & logo will appear on front
of the card