Bank of the Bahamas International has launched a new line of Visa prepaid credit and gift cards and according to Managing Director Paul McWeeney they are the first of many products that will be introduced this year.
In its promotion for the prepaid credit card, the Bank says “forget about monthly payments and interest rates – simply deposit your cash and charge at will. No strings attached”. Customers must load a minimum of $50.00 and there is a maximum of $10,000.00.
Vaughn Delaney, Deputy Managing Director of Information Technology, says Bank of the Bahamas is being careful in its approach to delivering products to the market. *“This is something that the bank has been working on for some time,”*he said. *”We certainly are proud that we, a Bahamian bank, are in a position to be leading the way in delivering new products to this market.”*