Note: Subsequent to this press release, AccountNow discontinued the iAdvance Line of Credit short-term loan product.

AccountNow Raises The Bar On Innovative Services For The

Unbanked iAdvanceSM Line of Credit and Online Financial

Resource Center Top New Offerings




SAN RAMON, CA, March 19, 2008AccountNow (www.accountnow.net) once again reduces financial barriers facing the estimated 40 million Americans who don’t have bank accounts. The financial services company that offers an alternative to traditional banking announces more innovations: the addition of the iAdvance Line of Credit from MetaBank, the elimination of upfront fees for new accounts with direct deposit, and the debut of Money 411SM: its ground-breaking online financial resource center.

The company’s goal to be the primary financial relationship for the unbanked has driven its latest round of robust product offerings, which include:

  • Money 411 –Resources for the Unbanked: Introducing the first comprehensive information network designed specifically for those who do not use, or have been unable to get, a traditional bank account. AccountNow’s Money 411 is a unique financial resource center, providing articles, tips and advice to help these consumers maneuver the financial roadblocks they face on a day to day basis;
  • New Short-Term Loan Product: AccountNow is offering iAdvance, available with the AccountNow Vantage Prepaid MasterCard from MetaBank, to answer a clear customer need for access to affordable short-term credit to pay for life’s unexpected expenses. iAdvance provides a line of credit that can be accessed 24/7 via a customer’s prepaid card. Available to cardholders with direct deposit, iAdvance is a more convenient and less costly alternative to other options, with no rollovers, no multiple outstanding loans and lower fees than other high-cost, nonbank credit alternatives;
  • No Upfront Fees for New Accounts: With the elimination of upfront fees for new customers who use direct deposit, AccountNow has removed another obstacle to the greater convenience of a prepaid card account versus traditional check cashiers.
"Our mission is to provide people who don’t have bank accounts with the tools and services they need, but can’t get, to improve their financial lives,” said Tim Coltrell, Chief Executive Officer of AccountNow. “With our latest suite of innovative new services we’re demonstrating that we are responsive to the needs of our customers and are committed to stepping outside of the status quo to solve some of their biggest pain points for managing their money."
About AccountNow, Inc.
AccountNow, headquartered in San Ramon, California, is a leading provider of financial solutions for the 40 million US consumers who do not have established credit or traditional banking relationships. AccountNow’s money saving offers give consumers an alternative to traditional checking accounts by providing access to financial products and payment systems, including MasterCard and Visa prepaid cards, Pay Anyone Bill Payment, and FDIC-insured deposits. AccountNow’s prepaid MasterCard cards are issued by MetaBank: (NASDAQ NM: CASH) and AccountNow’s Prepaid Visa Cards are issued by Palm Desert National Bank. Visit AccountNow online at www.accountnow.com or www.accountnowvisa.com. For investor relations, 925.498.1827
About iAdvance Line of Credit
iAdvanceSM Line of Credit from MetaBank is designed to assist consumers with short-term cash needs. It is available to those cardholders possessing certain general use and payroll prepaid cards issued by MetaBank, a federally chartered savings association located in Sioux Falls, S.D. iAdvance is a registered service mark of Meta Payment Systems, a division of MetaBank. Patents pending. All rights reserved. Visit www.MyiAdvance.com for more information or contact Trent Sorbe at 605.361.4347.
About Palm Desert National Bank
Palm Desert National Bank is a wholly owned subsidiary of Palm Desert Investments. An active corporate citizen in its community, PDNB has been serving the Coachella Valley for over 25 years, with branch offices in La Quinta, Palm Desert, and Rancho Mirage. PDNB is a nationally chartered financial institution with assets exceeding $400 million, and is home to Electronic Banking Solutions, an acknowledged industry leader that provides a variety of electronic banking solutions including vault cash, and cash management to off premise ATMs and self service kiosks, merchant point of sale sponsorship, and stored value prepaid card programs throughout the nation. For more information, log on to http://www.pdnb.com.

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AccountNow Gold Visa Prepaid Cards and AccountNow Prepaid Visa Cards are issued by The Bancorp Bank or MetaBank® pursuant to a license from Visa U.S.A. Inc. and can be used everywhere Visa debit cards are accepted.

The AccountNow Prepaid MasterCard (Classic) is issued by MetaBank pursuant to license from MasterCard International Incorporated and may be used everywhere Debit MasterCard is accepted. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

Funds are FDIC insured through the Issuer to at least $250,000. Please see the back of your card for its issuing bank. The Bancorp Bank and MetaBank, Members FDIC.

*IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account. What this means for you: When you open a Card Account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see a copy of your driver’s license or other identifying documents.

**The Visa Zero Liability policy covers U.S. issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or other certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit www.visa.com/security.

***Conditions and exceptions apply – see Cardholder Agreement.

§This offer is available to all AccountNow Gold Visa Prepaid Card customers. To qualify for the $15 direct deposit bonus, within 6 months after being approved to receive a card you must deposit at least $500 in qualifying deposits per month via recurring direct deposit in two or more consecutive months. Eligibility Requirements.

There is no additional charge for this feature. Fees apply to your use of the prepaid card. See your Cardholder Agreement for fees, terms and conditions.

Applies to customers with recurring direct deposits, and will be effective after the second direct deposit is received. Faster access to funds is based on comparison of traditional banking policies versus eligible electronic direct deposit. Direct deposit and early deposit capability is subject to payer’s support of the feature and timing of payer’s funding.

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Ingo Money Disclaimer: Ingo Money is operated by Ingo Money, Inc. and all check funding services are provided by First Century Bank, N.A. (collectively, "we", "us" or "our"). Use of Ingo Money is subject to the Ingo Money and First Century Bank Terms and Conditions, and the information you send to us is subject to the terms of our Privacy Policy. Approval usually takes 3 to 5 minutes but can take up to an hour. All checks are subject to approval for funding in our sole discretion. Unapproved checks will not be loaded to your card. We reserve the right to recover funds from bad checks if you knew the check was bad when you sent it, if you attempt to cash or deposit it elsewhere after funding, or if you otherwise act illegally or fraudulently. App Store is a service mark of Apple, Inc. Google Play is a trademark of Google, Inc. Data rates may apply.

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