Finance

Zions Bank OnCard: Budget Intelligently, Share Money and Track Spending

Zions Bank’s new reloadable, prepaid debit card can save you from some of the hassles of managing your money and offers a built-in money management app.

Kallee Feuz Sep 12, 2018

It looks like a debit card and spends like a debit card. But Zions Bank’s new prepaid, reloadable debit card is in a class by itself in terms of what it can do.

Launched earlier this month, OnCard brings order to your financial universe. No more forgotten charges floating in the ether. No more allowance dollars disappearing down a black hole. No more distortions of budget realities.

While most cards just spend, OnCard has a built-in money management application that helps you stay on top of your finances and on target to meet your financial goals. From your phone or computer, the app acts as the command center for all card-related activity. Here you can track your spending, budget intelligently and share money. 

Here are four features that customers should love about using OnCard to manage their finances.

OnCard Feature 1: Load Money

OnCard will take you as far as you want to go financially, while limiting the burn rate of your cash. As a reloadable, prepaid debit card, only the amount of money you load onto the card is available to access, so you can set parameters around your own spending — such as discretionary purchases like restaurants, clothing and entertainment. Refuel funds anytime by transferring dollars from your bank account, adding cash at a branch location, direct depositing funds, or moving money from a third-party bank.

OnCard Feature 2: Add Users

On your quest to manage your money effectively, OnCard can accommodate a solo mission or crew of up to seven people. You can add a secondary cardholder and up to five additional cardholders with whom to share money while maintaining visibility and controls.

What does this mean? You can seamlessly transfer money to and from other cards to pay your child’s allowance (if they’re 13 years or older), support your college student or provide an expense account for the nanny. You can view activity for all cardholders and lock and unlock all cards as needed. OnCard lets you delegate purchasing responsibility and teach teens financial literacy without having to make emergency ATM trips and carry cash around.

OnCard Feature 3: Get Real-time Feedback

Seeing your spending in its totality can cause a fundamental shift in awareness, like some astronaut's experience when viewing earth from outer space. OnCard lets you view balances, transactions, and monthly buying trends. With the feedback OnCard provides, you can bring overspending back down to earth and reach your financial goals, whether they are to avoid debt, build savings, prepare for retirement, or manage a fixed income.

What does this mean? You can seamlessly transfer money to and from other cards to pay your child’s allowance (if they’re 13 years or older), support your college student or provide an expense account for the nanny. You can view activity for all cardholders and lock and unlock all cards as needed. OnCard lets you delegate purchasing responsibility and teach teens financial literacy without having to make emergency ATM trips and carry cash around.

OnCard Feature 4: Manage Your Money

It's not rocket science, but money management often gets eclipsed by other worldly demands and obstacles that stand in the way. OnCard makes managing your money both easy and realistic.

The OnCard app helps you establish a budget based on your first month of actual spending, removing some of the guesswork and wishful thinking that often accompany a budget. The card and app then track your actual spending against your monthly budget, letting you adjust budget categories as necessary.

Your financial future is in your hands, and it just got a lot more manageable with OnCard at your fingertips. Get Started with OnCard online or at a Zions Bank branch location today.

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