Prepaid Financial Services Ireland

[Marsha25]

An employee has given an IBAN containing PFSR. I've never seen it before and googling it leads to Prepaid Financial Services. It seems to be a prepaid credit card. Would anyone know if it is a suitable account to have a salary paid into?

 

[Savvy]

From their FAQ it seems to be one of the reasons you might use them

What can I use my PFS prepaid Mastercard for?
The PFS Prepaid Mastercard can be used for many purposes such as:

• Transferring wages to your card
• To pay employees their wages onto the card
• To manage payments for travel expenses, fuel expenses, subsistence, amongst others
• To carry travel money on a card for safe and secure use abroad
• To share money with friends and family through additional cards
• To make or receive Insurance Claim payouts
• To use safely and securely on Gaming sites and make and receive winnings payouts
• Online Shopping 24/7, 365 days of the year

 

[Marsha25]

Thanks a million Savvy - didn't see that.