Many people find having an overdraft essential. After all, having an overdraft provides a handy credit buffer that can smooth out cash flow if regular income doesn’t quite match outgoings from time to time. So for example, with an overdraft in place, if a higher than expected bill comes in, it could still be paid even though there isn’t enough of the customer’s own money left in the account to cover it.

In fact, overdrafts are so useful that 35% of bank account holders in the UK have dipped into their overdraft in the last year1. And no wonder people are using this feature: times are tough for an awful lot of people throughout the UK right now, with many having to cope without a pay rise even though the cost of living has risen alarmingly.

Yet despite overdrafts being recognised as being handy for so many people, lots of customers with a basic bank account don’t have access to one – after all, banks aren’t obliged to offer them. And until very recently, prepaid card accounts in the UK did not typically come with the benefit of an Overdraft. So, how on earth can people get by if they need just a little help to keep things going for a short period of time?

Thankfully, Cashplus, a particularly innovative prepaid card brand, has recently started offering an overdraft to many of its customers. Just as with a typical bank overdraft, Cashplus customers can automatically dip into it when they don’t have enough of their own money in their prepaid card Account. And of course, it’s a reusable type of credit. So as long as the customer continues to repay at least part of the Overdraft, they can use it again and again.

The Cashplus Overdraft can be used for pretty much anything – for everyday essentials, emergencies, getting Direct Debits paid, unexpected bills and making cash withdrawals. In short, the Cashplus Overdraft is ideal for days when there’s just more going out than is coming in.

In fact, the Cashplus card and Account now offers so many useful benefits, it provides a package that’s better than what a typical bank account offers. To find out more about the innovative new overdraft feature, visit the Cashplus website.

About Advanced Payment Solutions Ltd (APS)

Advanced Payment Solutions Ltd (APS) is one of Europe’s most innovative payment solutions companies. APS facilitate payments for both consumers and businesses and, working with the Co-operative Bank, support payment solutions for local government councils throughout the UK.

APS is the most awarded prepaid solutions provider in Europe and one of the most successful prepaid card businesses, with over 1,000,000 (one million) Cashplus cards issued and more than £1,000,000,000 (£1billion) in payments processed.

APS continue to lead the market to meet the challenging needs of its growing base of clients and customers. Cashplus allows customers to choose from a range of different prepaid, credit and bill payment accounts. Payment solutions include the facilitation of bill payments, direct debits, foreign currency exchange, faster payments, short-term fixed loans and virtual (e-bank) accounts.

Cashplus already offers payment solutions to over 5,000 businesses including business accounts, expense management, fuel cards, and travel accounts across public and private sector organisations in the UK.

Local authorities are provided with effective payment solutions for claimants without bank accounts reducing the risk of fraud. APS already provides large scale prepaid card payment disbursement solutions to local authorities in London, the North West, South West, East & West Midlands and Central regions in England and Wales.

To find out more information about APS and the range of products available please visit www.apsgroup.com and www.mycashplus.co.uk.

Thankfully, Cashplus, a particularly innovative prepaid card brand, has recently started offering an overdraft to many of its customers.

Thankfully, Cashplus, a particularly innovative http://www.mycashplus.co.uk/how-it-works/what-are-prepaid-cards.aspx prepaid card brand, has recently started offering an overdraft to many of its customers.

Author Bio: Thankfully, Cashplus, a particularly innovative prepaid card brand, has recently started offering an overdraft to many of its customers.

Category: Finances
Keywords: prepaid card brand, prepaid cards