Ace Cash Express Announces A New Savings Account On The Ace Mastercard

New Feature Provides Customers With Convenient Access to an FDIC Insured Account

(Thursday, May 05, 2005) - ACE Cash Express, Inc. announced today that its popular ACE(R) MasterCard(R) debit card now provides customers with a new financial service: savings. Beginning today, cardholders can transfer money from their debit account into an FDIC insured savings account.

"We are excited about the potential of this new service for the over 100,000 ACE customers who have signed-up for the ACE MasterCard. Our customers now have a convenient way to set aside income and plan for a more financially secure future," said Jay B. Shipowitz, President and Chief Executive Officer.

The savings program will be offered free to all new and current ACE MasterCard account holders. There is no minimum deposit to enroll in the program, no minimum monthly balance to maintain and no monthly service fee. Cardholders can enroll in the program online at http://www.netspend.com/ or by calling 1-86-NETSPEND to link their card account to an interest-bearing savings account. Once this happens, cardholders can add funds to their savings account via free transfers from their debit card. Funds can be transferred conveniently between the debit card and the savings account via the Web, automated phone system or a live customer service agent. Cardholders can also set up automatic, recurring transfers from their debit card to their savings account. Today, funds in the savings account will earn an annual percentage yield of 0.75%, and these funds are insured by the Federal Deposit Insurance Corporation.

About ACE Cash Express

ACE Cash Express, Inc. is a leading retailer of financial services, including check cashing, short-term consumer loans and bill payment services, and the largest owner, operator and franchisor of check cashing stores in the United States. As of March 31, 2005, ACE had a network of 1,331 stores in 37 states and the District of Columbia, consisting of 1,118 company-owned stores and 213 franchised stores. ACE focuses on serving unbanked and underbanked consumers, many of whom seek alternatives to traditional banking relationships in order to gain convenient and immediate access to check cashing services and short-term consumer loans. ACE's website is found at http://www.acecashexpress.com/.

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