Revolution Money Exchange, a new alternative to paypal for sending and receiving money over the web, is offering $25 free for all customers who sign up between now and May 15th, 2008. (They recently extended the offer until May 15th). I did it a few days ago, it literally only takes 5 minutes to sign up, and a few minutes later the money is in your account. If you sign up through the link above, you can get the $25 free and I will get $10. You can then refer your friends and receive $10 for each additional person you sign up.
They do not pay interest, as far as I can tell, but as a bonus they don’t charge fees either. The account is issued by First Bank & Trust, Brookings, SD, Member FDIC, a real bank, which provides additional security.
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Be sure to read the privacy policy: Stating they can disclose your personal information including name and social security number. . .
” INFORMATION WE COLLECT
We collect information about you from the following sources:
* Information we receive from you, including information on applications or other forms, such as your name, address, social security number, assets and income;
* Information about your transactions with us, our affiliates, or others, such as your account balance, transaction and payment history, parties to transactions, and credit card usage; and
* Information we receive from a consumer reporting agency, such as your creditworthiness and credit history.
INFORMATION WE DISCLOSE
We may disclose all of the information that we collect, as described above. You may opt out of the disclosure of such information, other than as permitted by law.”
Thanks for pointing that out. It is always important to “read the fine print”. It appears to me to be about the same privacy policy as most banks, which is what serivces RME. I looked into a few accounts I have with different banks, and most appear similar about sharing info. It can be good to look into their “opt-out” policies if you are concerned as well.