Report: Prepaid debit card fees vary widely
New York – While a majority of the most popular prepaid debit cards charge monthly fees, specific fee structures vary widely. According to a study of 30 of the most widely held prepaid debit cards conducted by Bankrate.com, 83% of the prepaid cards surveyed charge monthly fees, but 33% will waive them, typically based upon the amount loaded onto the card.
Altogether, half of the cards either have no monthly fee or will waive it (down from 67% last year). In addition, more than half (53%) have an activation fee ranging from $2.95 to $9.95, depending on where the card is purchased. Ten percent do not charge an activation fee if the card is purchased online or via the phone.
Other findings include:
• Of the cards that are affiliated with an ATM network, 64% do not charge for in-network withdrawals. The range is $1 to $2.50 among those that do.
• Predictably, all 30 cards assess a fee (ranging from $1.95 to $3) for going outside the ATM network.
• Checking the card balance at an ATM will typically cost you; 77% of the cards charge a fee between $0.45 and $3.
• Ten percent do not charge for balance inquiries at any ATMs, while 7% only charge at out-of-network ATMs.
• Only 17% charge a fee for PIN-based transactions (ranging from $0.95 to $2), although an additional 7% don’t permit PIN transactions.
• Only 7% charge a fee ($1) for signature-based transactions.
• Fifty-three percent charge for receiving account statements by mail, with fees ranging from $1 to $5.95.
• Thirty-seven percent don’t charge to receive paper statements in the mail, while 10% don’t even offer mailed statements.
• Only 10% of cards offer paper statements at ATMs, and all charge either $1 or $2.50.
• Twenty-seven percent charge for customer service calls, up from 17% last year.
• More than three in four (77%) do not charge for declined transactions under any circumstances, while 10% charge either $1 or $2 for transactions declined at an ATM.
• The remaining 13% charge between $0.40 and $1.50 for all declined transactions.
• Inactivity fees are only charged by 17% of the cards that Bankrate.com surveyed (down from 29% last year).
• Among those that charge, the monthly inactivity fees range from $1.95 to $5.95.
Casey’s streamlines DC throughput to support growth
Ankeny, Iowa — Casey’s General Stores has selected Softeon’s warehouse managements ystem (WMS), as well as its load planning, yard management, and labor management applications, to improve efficiency and accuracy of its DC operations and drive additional throughput from existing DCs to enable them to support addition of new retail stores in the same physical footprint.
“The Softeon WMS solution will streamline the entire supply chain from receipt of product at the distribution center through delivery to the stores,” said Bill Walljasper, senior VP and CFO, Casey’s. “Increasing visibility into real-time inventory will allow us to better plan picking of store orders from a range of food, beverages, tobacco products, health and beauty aids, automotive products, and other nonfood items. In addition, the solution will automate processes to improve truck load planning for weekly store replenishments that are currently in excess of 350 stores on an average of 47 routes per day.”
Hormel Foods honors 90 suppliers
Hormel Foods Corporation recently awarded 90 suppliers with a 2013 Spirit of Excellence Award for their roles in the company’s continuous improvement process throughout the last year. These suppliers are from a variety of areas, including contractors, pork procurement, provisions, ingredients, packaging and transportation.
“The Hormel Foods Spirit of Excellence Award program recognizes the suppliers that truly go above and beyond in helping us achieve our goals,” said Tyler L. Hulsebus, director of purchasing at Hormel Foods. “We’re honored to partner with these outstanding suppliers.”
Suppliers that qualified for the Spirit of Excellence Award maintained a minimum supplier rating index score of 92 throughout a 12-month period. This score is determined by a universal measurement system that began in 1990 to ensure each supplier is held to the same standards. Award criteria include meeting performance requirements, making on-time deliveries and providing high-level customer support.
In addition to the Spirit of Excellence Award, suppliers compete for the Hormel No. 1 Award every five years. Three years ago, the company announced the Hormel No. 1 Award recipients, who were honored for providing long-term consistent, superior performance during the five-year period from 2006-2010. One of the criteria for the award requires recipients to have received a Spirit of Excellence Award during four out of five years.
A.J. Lysne Contracting Corporation
Avure Technologies, Inc.
East Penn Manufacturing
Environmental Land Management, LLC
Fehr Solutions, LLC
Gleeson Constructors & Engineers, LLC
Hybrid Mechanical, LLC
Kestner Electric, Inc.
Lou Rich, Inc.
The Joseph Company, Inc.
Van Meter Industrial and Werner Electric Supply
CCPC Swine Partnership
Community Farms, LLC
Gleason Farms Inc.
Herickhoff Family Farms, LLC
Honeysuckle Farms, LLC
JBS Hogs, LLC
John D. Regier
Josie’s Pork Farm Inc.
K & L Pork Inc.
LB Pork Marketing, LLC
Leonard Pork Farms Inc.
Lost Island Inc.
Lynn’s Farm Inc.
Madsen Ag Inc.
New Fashion Pork, LLP
Pig Hill Co.
Proline Protein Inc.
Rebco Pork Inc.
Spronk Bros, LLP
Stan Schaefer Inc.
Vander Maten Farms Inc.
Wilbur Pig Inc.
Fieldale Farms Corporation
Bemis North America
Bunzl Processor Division
Corbion Meat & Culinary
Crown Cork & Seal USA, Inc.
Dickson Industries, Inc.
DXP Enterprises Inc.
Gamer Packaging, Inc.
Griffith Laboratories U.S.A., Inc.
Hydrite Chemical Co.
Kalle USA, Inc.
Menasha Packaging Company, LLC
Minnesota Corrugated Box, Inc.
Newly Weds Foods Inc.
Progressive Packaging, Inc.
Rangen, Inc. Commodities Division
Red Arrow Products Company LLC
Sargento Foods Inc.
Silgan Containers Corp
United Sugars Corp.
Walter G. Anderson Inc.
Don Hummer Trucking Corporation
Dickey Transport, Inc.
Holiday Express Corporation
K & B Transportation, Inc.
Hormel Foods, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products.