Improving clients' access to SBLOC and IBLOC funds through fintech innovation.
The Bancorp new Card Access Platform uses payments-industry technology to reduce funding time and increase everyday line-of-credit use. Financial professionals who adopt this platform can offer their clients faster, more convenient access to receive/disburse funds using:
Automated Clearing House (ACH) transfers that outpace check and wire-transfer payments.
Mobile access through iOS and Android to review balances, transfer funds and more.
Coming Soon! Physical and virtual debit cards to pay for everyday expenses.1,2
1. Availability of debit cards will be limited to individual and joint borrowers. This feature will not be available to trust and entity borrowers.
2. Fees will apply. Full details will be provided when products are made available in mid-2023.
Insurance-Backed Line of Credit (IBLOC)
The IBLOC provides funding based on the cash value of select whole life insurance policies.