Bank of Valletta has launched MasterCard pre-paid cards, the first local bank to do so.

It said the cards, available from any BOV branch,provide versatility, convenience and ease of use while shopping over the Internet, settling bills online and paying for goods and services worldwide. They can also be used as a travel card.

Prepaid Cards are payment cards that are pre-loaded with a fixed sum of money. When a prepaid card is used, the money is deducted from the amount originally loaded onto the card, unlike a debit card or a credit card where the money is taken from a bank account or a line of credit.

The BOV MasterCard Prepaid Cards come in three denominations - €50, €75 and €100.

Cardholders can check their card balance by inserting the BOV MasterCard Prepaid Card into any BOV ATM and the card balance will be displayed on screen. The card holder can also call BOV's Customer Services Centre on 21 234 821 and quote the card number to check the card balance.

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