American Express Co. is partnering with Office Depot to offer its prepaid cards at select office supply stores across the country.
The Amex card is the first prepaid card offered at Office Depot. The card network will begin rolling out the product at more than 1,100 locations in coming weeks, according to a March 21 press release.
“This Prepaid Card is a smart solution for small businesses or families looking to manage their day-to-day finances and we look forward to working with Office Depot to provide a new payment option for their customers,” said Alpesh Chokshi, President of Global Payment Options at American Express, in the press release.
Customers can purchase and load a one-time temporary card at Office Depot for $4.95. They can then order Amex’s low-fee reloadable prepaid card online for free.
Meanwhile, the company simultaneously announced several new features for its prepaid cards, including free direct deposit of up to $5,000 a month. In addition, customers may now withdraw up to $400 a day at ATMs and may reload their cards using the Vanilla Reload Network by InComm at Office Depot and other locations nationwide.
American Express rolled out its prepaid card last June (see story).
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