If you have overdrawn your Transactional Account that means that you have exhausted all available balances in your Transactional Account and any available credit in your LOC. You should make a deposit to your Transactional account as soon as possible to cover the shortfall and avoid losing your Meed Account privileges.
Frequently Asked Questions
Let us help you understand our services.
Your monthly statement is available in the mobile application by selecting the ‘More’ option along bottom of the screen, and then clicking on ‘Account Information > Statements.’
Your Meed Debit Card card is accepted wherever most major credit cards are traditionally accepted.
Your bank account routing number can be found in the mobile application under ‘More > Account Information > Account Detail’ or online at Meed.net.
Your current balance is the amount of money in your account at the beginning of a business day. This amount does not include any pending deposits or withdrawals.
Your available balance is the amount of the funds you have for immediate use. It represents your current balance minus any pending debit card purchases, checks or other debits from your account. The available balance also takes into account any pending deposits.
Your Member Bank account number can be found in the mobile application under ‘More > Account Information > Account Information,’ online at Meed.net.
You may close your Meed Package account before age 59 without any financial penalties, but you will lose all your Meed SocialBoost user referrals. You may re-apply in a year for Meed, but you will start over with zero SocialBoost™ referrals.
Pending transactions are transactions that have not yet been fully processed for payment or deposited to your account. Contact your Meed Member Bank for questions regarding pending transactions. Like that coffee you just bought at the cafe, it’s pending but hasn’t cleared your account yet.
The Meed Mobile Application allows you to personalize alerts which keep you updated on the status of your account, track your spending and monitor against fraud. Enable alerts on the mobile application via ‘More > Alerts’ or online at Meed.net.