
What is a Rainbow Saver Prepaid Maestro® Card?
A Rainbow Saver Prepaid Maestro® Card is a payment card that is
loaded with money by you.
There is no set up fee and no loading
charge.
A Rainbow Saver Prepaid Maestro® Card looks just like a credit
or debit card, with a card number and signature strip. You can't
borrow money with a Rainbow Saver Prepaid Maestro® Card - you can
only spend the money you have loaded onto it.
You can use it to make purchases wherever you see the Maestro®
acceptance mark.
When you use your Rainbow Saver
Prepaid Maestro® Card at a retailer, the price of your
purchase is deducted from the amount loaded onto your card.
You can also make secure purchases by phone or over the
Internet. In addition, you have the ability to withdraw your
money from a cash machine (ATM) at an extra charge of £1
per withdrawal in the UK, £2 per withdrawal
overseas.
The Rainbow Saver Prepaid Maestro® Card costs £3 per month
which includes 10 free transactions per month. Additional
transactions after that are charged at 20p each.
Maestro® is a
registered trademark of MasterCard® International Incorporated and
affiliates. This card is issued by Newcastle Building Society
pursuant to license from MasterCard® International
Incorporated.
Newcastle Building Society is authorised and regulated by the
Financial Services Authority
(www.fsa.gov.uk/register)
and is entered in the Financial Services Authority Register under
registration number
156058