I recently posted about a new debit card and now I read that a similar debit card: bestgoldcard is having problems and perhaps this can be extended to all of these new debit cards…

I recommend you to wait for more news and not order a new debit card.

As you know, some months ago, all debit cards to withdraw your funds through cirrus/maestro ATM,s were terminated. I hope that these new “VISA” cards will not suffer the same problems.
An answer from bestgoldcard:

Dear xxxxxx,

No doubt our cardholders are wondering what’s going on with BestGoldCard! We apologize for keeping everyone in the dark as we sorted out issues arising this week. Due to regulatory issues beyond the control of the bank, the issuing bank of your current (“new”) card is forced to and has in fact terminated your card.

Before reading further, there is very GOOD NEWS:

(*) For those cardholders with a balance… You will receive a refund by cheque direct from the bank within a few days. You will not have to do ANYTHING, fill in any forms etc., to do this.

(*) In a few weeks BGC is offering an amazing new membership that will offer you totally unprecedented benefits in the DGC world, along with an incredible prepaid card unlike anything seen in the industry before in terms of costs and advantages.

(*) BGC will of course replace your current card, which has been terminated today, with the new card completely free of charge, including shipping and handling.

We share the frustration that you will be without a card for 4-8 weeks, but the regulatory environment is absolutely beyond the control of the banks and the DGC industry.

Again, due to regulatory issues beyond the control of the bank, the issuing bank of your current (“new”) card is forced to and has in fact terminated your card. Yourself, BestGoldCard and the bank are not in any way at fault. Note that any programs similar to BGC’s WILL ALSO BE TERMINATED.

For those cardholders who have loaded their card very recently and did not have those funds actually loaded to their card, more good news, we will fortunately be able return those funds back to your DGC account. No cheques will need to be issued in that case.

Thank you for choosing BestGoldCard.

BestGoldCard

You must take a look at this debit card: thedigitaldebitcard

They offer a debit card without expensive fees and available in all STAR/PLUS ATM,s, here is some more information:

Purchase ONE Digital Gold Card: $39.95 USD

Selling e-gold®, e-bullion® digital gold to load your card:
e-gold® – $2.50 system fee plus: 3.00%
e-bullion®- $2.50 system fee plus: 4.00%

Monthly Maintenance: $4.95
International ATM Monetary Transactions: $4.00
(ATM Withdrawal Fee)

Card to Card Transfer: $4.00

Daily Deposit Limit: $7,500.00 Daily / 25,000.00 Monthly

Daily Withdrawal Limit: $3,000.00

Does my Digital Gold Card e-gold®, e-bullion® Debit Card arrive activated?
Yes. When you receive your card it is ready for use.

How many Digital Gold e-gold®, e-bullion® Debit Cards can I have?
Two cards per person.

Who can apply for the card?
Anyone except residents of the following countries: Angola, Ivory Coast, Cuba, Czech Republic, Iran, Iraq, North Korea, Libya, Myanmar, Nauru, Nigeria, Romania, Russia, Sierra Leone, Sudan, Ukraine, USSR. We cannot perform financial transactions with you.

Do we accept resellers?
No. We do not allow anyone to resell the Digital Gold Card.

Do you have an affiliate program?
Not right now. We do have plans to add an affiliate program soon.

Can I view my Digital Gold Card transactions and available balance?
Yes. You will be able to access your card 24 hours a day online to view account history, transactions and your available balance.

Does the Digital Gold Card e-gold®, e-bullion® fundable debit card have my name on it?
No. There is no name, only a long number.

How long does it take to receive my e-gold®, e-bullion® fundable debit card?
Typically your card will ship one business day of from the day of order. Card shipping services will deliver your card typically within one week in the United States. Other countries may take longer.

How long does it take to fund my e-gold®, e-bullion® fundable debit card?
It takes 24 hours to turn your gold into cash using the Federal Reserve. Federal Reserve business hours are Monday thru Friday. Major holidays excluded.

Can I use my Digital Gold Card to make online purchases?
No. The Digital Gold Card is strictly an ATM cash card.

Will the Digital Gold Card work at ALL ATM’s?
Yes. Our card works on all ATM cash machines where the STAR® and PLUS® networks are displayed. (VISA ATM,s)

Where can I locate an ATM to withdraw funds from my debit card?
USA Star® users can locate an ATM terminal HERE:
http://www.star.com/cfm/?go=atmLocator.start&

International PLUS® users can locate an ATM terminal HERE:
http://visa.via.infonow.net/locator/global/jsp/SearchPage.jsp

Do I need to fax Digital Gold Card any copies of my ID?
No. Current law does NOT require you to email, fax, or scan your original ID. This could change at any time. You are however required to enter true and accurate information to receive your debit card.

Does Digital Gold Card report my transactions to anyone?
No. However, the card processor bank may be required at any time to supply this information to the regulatory.

You can also read what some members are posting here:

http://www.moneymakergroup.com/index.php?showtopic=139612

And the recent news:

April 17 2007 12:12 am GMT:

Coming Soon-
By Digital Gold Card
April 17 — Instant card funding via e-gold will be available soon!

Thank you,
Digital Gold Card Support

Updated notice to cardholders from NYCCU:

We are very pleased to advise that the process of returning funds has commenced. Cheques for cardholders are being printed now and will be matched with the legitimate claims submitted to date and mailed starting this week.

This has been a long and difficult process for all, and we thank you for your patience and understanding. Please check https://secure.nyccu.com/card/card.php for periodical updates and remember that all card balance claims must be submitted by April 15, 2007.

The claim form is available at https://secure.nyccu.com/card/card.php , it must be completed and sent by April 15, 2007 to:

Claims Administration
C/O NYCCU
5799 Yonge Street, Suite 202
North York, Ontario, Canada
M2M 3V3

A new card to fund from e-gold. It only works with STAR and PLUS network.

STAR is only used in USA and PLUS in any Visa/PLUS ATMs. You can find the Visa/PLUS ATM nearest you here: http://visa.via.infonow.net/locator/global/

Cost: $29

Validity: 2 years

Fees: Chronocash’s Fees Page

You can fund this card from the Chronocash’s website. This card is issued by Monterey County Bank.

More information in NobullShit Blog.

A member of my forum posted a solution to withdraw e-gold through revocash with a debit card.

First you must sign up with Revocash and then you can order your card with Permaworld (less fees than Virtualmoney).

Virtualmoney does not commercialize directly these cards, they use intermediaries and these intermediaries fix the commissions, and Permaworld is one of the cheaper cards. The problem is that this card is associated with a bank account in USA (Southwest Bank).

Although this card is not sold by Revocash, they let you buy and sell e-gold to the cards supported by VM.

So you only have to load your funds from e-gold to Revocash (it is free) and then you will be able to transfer these funds to Permaworld card:

You can read in https://revocash.com/faq.php:

What is the cost to load ATM Cards by e-gold?

The cost is only 3% with a minimum fee of $5, however you MUST first transfer e-gold to your RevoCash account and then withdraw RevoCash to your ATM card.

We will check this information and if this card is available to withdraw e-gold yet.