The content has not been reviewed, Monthly fee:$7.95ATM Fee:Free at MoneyPass ATMs or $2.50 elsewhereReload fee:$3.95Cash reload limits:$20 - $500Other fees:Card purchase is $1.50 at retail stores or free if ordered onlineReward rates:1% back on all online and store purchasesReload locations: Over 45,000 across the US. Fifth Third Access 360 Reloadable Prepaid Card: Best for ATM withdrawals. Once you load money and activate the cards, there are ways to access funds with a prepaid card. But generally, the options include adding cash at a retail register (often for a fee), adding funds by using an app to make a mobile check deposit, and by direct deposit, card-to-card transfer and bank transfer. But if you're fee averse, you're not totally out of options the Bluebird American Express Prepaid Debit Account could be a solid choice for you. The Walmart MoneyCard pays 3% cash back on purchases from walmart.com, 2% cash back Walmart fuel stations, and 1% cash back at Walmart stores, up to $75 a year in rewards.. Movo Virtual Prepaid Visa Card . The funds you add to the card are available right away for spending. Cash withdrawal and third-party fees may apply. Best prepaid debit cards and alternatives: Summary, We analyzed four categories for each card: general fees and features, purchases and withdrawals, reload fees and options, and other services such as bill pay and savings accounts. Many or all of the products featured here are from our partners who compensate us. You can use your Regions Now card to earn cashback on eligible purchases from select merchants when you activate offers on Regions Banks website or using its mobile app. Cards are free to register and allow ATM withdrawals at more than 24,000 MoneyPass ATM locations around the nation. Then, look into the benefits each card offers. Find our top partner offers for the best prepaid debit cards with the lowest fees and the most features below. We scour and scrutinize blogs, sites, aggregators, RSS feeds, and any other available resources, and editors at all levels of our organization continuously review our coverage. If you dont prepay, the fee is $5.99 for a monthly subscription. So how do we make money? The 5% cash back applies to in-store Starbucks purchases and speciality gift cards. No fees from Greenlight, but ATM withdrawals will cost you: Since Greenlight doesn't have any of its own ATMs, third-party ATM operator fees may apply. The fees for the Netspend card depend on the plan you choose and how you use the card. Pre-qualified offers are not binding. This compensation may impact how or where links appear on this site. Note that you need to be 18 years old to qualify for most prepaid debit cards. , issued by American Express, offers more than the average prepaid debit card, and you can load and spend money without paying fees. How will we know if we're fulfilling our mission? We do not transact in the business of insurance in any manner, and we are not attempting to sell insurance or asking or urging you to apply for a particular kind of insurance from a particular company. She previously worked as an editor, a writer and a research analyst in industries ranging from health care to market research. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. If you live within Regions Banks service area and plan to use your prepaid debit card frequently, the Now Card could be an affordable option. Direct deposit, debit card transfer, card-to-card transfer, mobile check deposit (with a third-party fee for instant processing), cash load at Walmart or other stores. It offers a free debit card and a free secured credit card. Create and use digital Visa cards after registration. Here are our top prepaid debit cards based on fees and features. , Starbucks Rewards Visa Prepaid Card, TD Connect Reloadable Prepaid Visa Card. Serve rewards you with1% back on all your purchases, which hit your account as soon as the transaction settles. The monthly fee is $7.95, which cant be waived. Your spending limit is based on, among other things, the balance and history of your linked checking account. Bluebird, issued by American Express, offers more than the average prepaid debit card, and you can load and spend money without paying fees. Some of the most common reasons people end up regretting their prepaid cards are high fees, inconvenient funding and reloading methods. Though we can't review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. Don't worry -- you can approve the trades first. Roberts LLC All Rights Reserved. The disclosed APY is effective as of October 25, 2022. When evaluating offers, please review the financial institutions Terms and Conditions. The Annual Percentage Yield (APY) for the Chime Savings Account is variable and may change at any time. No usage fees. Once you have your list of required features and know how youll use the card, find the lowest cost option that meets these requirements. How to pick the best prepaid debit card for you? OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. One of the biggest free ATM networks among prepaid cards. Downsides: No cash back at retailers. If a popular product is on store shelves, you can count on CNET for immediate commentary and benchmark analysis as soon as possible. Free reloads and ATMs. The card offers online bill pay, mobile check deposit, free direct deposit, and a mobile app. Start by considering the costs associated with each prepaid debit cardsuch as monthly maintenance, ATM, foreign transaction and cash reload fees. All Rights Reserved. Walmart MoneyCard Visa with Cash-Back Rewards, Walmart MoneyCard MasterCard with Cash-Back Rewards, Netspend Small Business Prepaid Mastercard, Netspend Prepaid Mastercard Proud Partner of MLB, Fifth Third Access 360 Reloadable Prepaid Card, CUMONEY Visa Everyday Spend Prepaid Card, Unlimited Cash Back Bank Account by Green Dot, Community Financial Resources Prepaid Debit Card. However, you typically cant pay for a reloadable debit card with a credit card. Instead, Extra pulls the money you spent from your bank account the next business day. Some issuers provide access to instant debit cards online that use virtual card numbers. Jamela Adam is a personal finance writer covering topics such as savings, investing, mortgages, student loans, and more. If youre comparing options, use our guide to discover the best prepaid card for you. Not to be confused with the free reload card, the Serve American Express Prepaid Debit Account helps you earn cash back for purchases you would be making anyway -- a true rarity for a prepaid card. Regardless, all the cards issuers are banks that insure consumers money through the Federal Deposit Insurance Corp. No cards above have overdraft fees. CNET is not an insurance agency or broker. Parents and turn a card off or on from the app. ", "Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM. No, a prepaid card is not a credit card or charge card. Service fees vary by card, so you should check the list of fees associated with different types of transactions before you activate a new prepaid debit card. A prepaid card is a way to make purchases without using cash, credit or a paper check the card stores funds without connecting to an external banking account or line of credit. Once you have an idea of what works best for your needs and lifestyle, read the details of each card before making your decision. If the balance runs low, you'll need to reload the card by adding cash at a participating retailer or transferring money to the card, if it's permitted. But unlike debit cards, prepaid cards are not linked to any bank account. You'll receive a Mastercard number you can add to your digital wallet to make payments and deposits through the mobile app. The pay-as-you-go plan has no monthly fees but costs $1.50 per transaction. Green Dot Load & Go is ideal for someone who doesn't rely on their card for everyday purchases. Unsubscribe easily. The money on a prepaid debit card is not held in a bank account with your name. Ruth Sarreal is a content management specialist covering consumer banking topics at NerdWallet. Many prepaid debit cards waive reload fees if the cardholder opts into direct payroll check deposits. (Retailers other than Walmart may charge up to $3.95.). NerdWallet strives to keep its information accurate and up to date. Extra is a debit card, not a prepaid card. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Here's why: A lot of prepaid cards charge various fees. If you'd like your kids to get some practical knowledge about investing, the $7.99 and $9.98 monthly plans add stock trading. Monthly fee:$4.95ATM Fee:Balance inquiries are $0.50, withdrawals are $2.50 eachReload fee:Up to $3.95Cash reload limits: Up to $500Other fees:Card is free if you order online or up to $4.95 at participating retailersReload locations:Over 130,000Welcome bonus:Refer a friend and you'll each receive $20Welcome bonus value:$40. Some prepaid debit cards charge a host of fees. She has over a decade of experience writing and editing for consumer websites. Theres no credit check, and theyre often available even if you cant get a bank account because of a bad banking history. General fees and features: $4.99 to $9.98 per month, depending on selected plan (more expensive plans include features like investing education and identity theft protection); no costs for activation, inactivity or account closure. Avoid Getting . Carrying the plastic card is also safer than having cash in your pocket. The card carries a $9.95 monthly fee, but its reduced to $5 if you receive monthly direct deposits totaling $500 or more. Parents can preapprove where their kids spend money, so $300 earmarked for school supplies can only be spent at a campus bookstore, for example. FamZoo Prepaid Card: Best for parents (tie). View NerdWallet's picks for the best checking accounts. Theres no monthly fee, but cardholders pay $1.50 per purchase. The compensation we receive may impact how products and links appear on our site. It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers. Some cards are free to acquire, but some have an initial purchase price or activation fee. Want to build your savings faster? She travels to Africa and the Middle East regularly to consult with women's NGOs about small business development. Cardholders can load cash onto a prepaid card at retail stores for a fee. It includes purchase protection, which is a rare feature on prepaid cards. Other services: Separate set aside accounts for savings and up to four subaccounts for family members. Its free. Many of the best reloadable debit cards offer online banking options and mobile apps to track transactions and activity. Provides dozens of designs and customized messages. There are two plans to choose from starting at $20 a month or $200 a year. Other prepayment plans also offer a discount. You use a prepaid card to make purchases in stores, shop online and pay bills. The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. Ink Business Unlimited, Chase Sapphire Preferred vs. Best with No Monthly Fees: Brinks Prepaid Mastercard. Prepaid debit cards let you enjoy the convenience of paying by card without a line of credit or a bank account. Earn up to $75 cash back each year at Walmart. For many of these products and services, we earn a commission. Prepaid debit cards are generally safe to use and are likely safe to use for online shopping purchases. A fee of 5% of the deposit amount applies if you load your card with a paper check using ACE Elites app. A prepaid card functions similarly to a debit card. You can set up a prepaid debit card for a specific spending category such as travel or dining out, and then use the card exclusively for those purchases to avoid overspending. Cardholders earn rewards when they shop at Walmart stores. Free at over 60,000 ATMs in the Allpoint, MoneyPass and Visa Plus Alliance ATM networks; $2.50 at other ATMs, plus any ATM operator fee. Best Savings Accounts For Digital Banking, ATM Withdrawal Limits: What You Need To Know, How To Switch Banks: A Step-By-Step Guide, ACE Elite Visa Prepaid Debit Card (Pay As You Go), No fee for cash reloads at Regions Bank branches and ATMs, $5 monthly fee if you make fewer than seven purchases per statement cycle, Mobile load fee of 1% to 4% of the check amount (minimum $5), Donates to charities supporting communities of color, Must accumulate $25 in rewards points to redeem them, 4% foreign transaction fees (higher than the typical 3%), Domestic cash withdrawals are only free if you receive direct deposits, The pay-as-you-go plan charges more than competitors, No maintenance fee if you receive $500 or more in monthly direct deposits, Cashback rewards at participating merchants, Requires income information and two years of address history, Transferring money from your checking account or another prepaid card, Directly depositing your paycheck onto the card, Loading physical cash onto the card at approved retailers or the financial institution that provided the card, Purchasing a reload pack to add a specific amount to the card. Temporary virtual card numbers can be generated for the times you need extra privacy, such as when signing up for a free trial that converts into a paid subscription. From the website or app, you can send allowances, split payments, see balances and activity across all cards and set up text and email alerts. Yes, you can pay your credit card bill with a prepaid card. You can't redeem the rewards as actual cash during ATM withdrawals, but you can apply your cash-back balance to your next in-store or online purchase. Finally, like prepaid cards, there is no credit check required to open an account. . Content Management Specialist | Bank accounts, bank account bonuses. He has covered personal finance since 2013, with a focus on certificates of deposit and other banking-related topics. But if youre fee averse, youre not totally out of options the Bluebird American Express Prepaid Debit Account could be a solid choice for you. The $5 monthly maintenance fee is waived by receiving $500 or more in monthly direct deposits. As such, they do not help you improve your credit score. Free at ATMs in the MoneyPass network; $2.50 fee at other ATMs, plus any ATM operator fee. Movo offers a virtual prepaid Visa that eliminates the need for a plastic card. Monthly fee:$0ATM Fee:Free in-network,$2.50elsewhereReload fee:Free at Walmart, $3.95 at participating retailersCash reload limits:$20 to $1,999 once your card is activated; $1 to $500 for temporary cardsOther fees:No account inactivity or card replacement feesReload locations: Over 30,000. Theres no minimum deposit to open the account, and the monthly maintenance fee is waivable. A prepaid card works like a debit card, but a prepaid card isnt connected to a checking or savings account. You get free 2-day shipping on thousands of items from Target. Your potential liability is capped at $50 if you give timely notice that your card has been lost or stolen. General fees and features: You can prepay $59.99 for two years of FamZoo that works out to $2.50 per month. Prepaid debit cards come with a variety of fees that add to the cost. Reload card with direct deposit, a mobile check, reload locations or funds transfer. Best for no monthly fees: Bluebird American Express Prepaid Debit Account Heres why: A lot of prepaid cards charge various fees. We dont charge you for our services. Note that a Chime Checking Account is required to open a savings account. * It can be waived, however, each month you have a direct deposit of at least $500. For no monthly fee, you get both a spending and savings account. It works with Apple Pay, and there are no transaction fees, foreign transaction fees or overdraft fees. Some banks and local credit unions also sell prepaid cards. Reload methods: Add cash via the Walmart MoneyCard app at Walmart stores; mobile check deposit; add funds from checks cashed at Walmart stores; $3 to reload cash at a Walmart store; up to $4.95 to reload elsewhere. Scroll down for more detail on each account. Charges a $1.95 domestic ATM cash withdrawal fee. ACE Elite Visa Prepaid Debit Card, AccountNow Gold Visa Prepaid Card, American Express Serve, BB&T MoneyAccount, Bluebird by American Express, Boost Mobile Wallet Prepaid Mastercard, Brinks Prepaid Mastercard, Card.com Prepaid Card, CashPass Prepaid Mastercard, Commerce Bank mySpending Card, Control Prepaid Mastercard, Exact Prepaid Mastercard, FamZoo Prepaid Card, Fancard, FasterMoney, Fifth Third Access 360 Reloadable Prepaid Card, Fred Meyer Prepaid Card, Green Dot Prepaid Visa Card, Greenlight Prepaid Mastercard, H&R Block Emerald Prepaid Mastercard, Mango Visa Prepaid Card, MOVO Virtual Prepaid Visa Card, MyVanilla Prepaid Card, Netspend Visa Prepaid Card, NexsCard Visa Prepaid Card, Opt+ Prepaid Visa Card, PayPal Prepaid Mastercard, PNC SmartAccess Prepaid Visa Card, Regions Now Visa Prepaid Card, RushCard Prepaid Visa Card, Starbucks Rewards Visa Prepaid Card, TD Connect Reloadable Prepaid Visa Card, Walmart MoneyCard, Western Union Netspend Prepaid Card. Other services: Card can have joint owners. The credits could take 36 to 48 hours to show up in your ONE VIP account. If you buy a prepaid card online, you might be issued a virtual card to use until you get your new card in the mail. She owns and operates a small digital marketing and public relations firm that works with select startups and women-owned businesses to provide growth and visibility. However, not all debt collectors follow these rules, so it's best to avoid postdated checks. And for good reason. Green Dots products are sold at thousands of major retail locations in the U.S. Walmart Money Cards can be used anywhere Visa or Mastercard is accepted. Monthly fee:$6.95ATM Fee:Free at MoneyPass ATMs or $2.50 elsewhereReload fee:$0Cash reload limits:$20 to $500Other fees:Card purchase is $1.50 at retail stores or free if ordered onlineReload locations:Over 45,000 across the US. Prepaid cards are typically associated with a national card network, such as Visa, MasterCard, American Express or Discover. Sign up to receive our free weekly newsletter. The app, which gets decent ratings, is required to get fee-free cash reloads at Walmart stores. Walmart Money Cards. Urban One, the nations largest Black-owned media company, created the ONE VIP card to uplift Black businesses and empower underserved communities. Pre-qualified offers are not binding. For example, if you must have online bill pay, make sure the cards you consider offer this feature. Because its not part of an ATM network, youll pay $2.50 for ATM withdrawals in addition to any operator fees. $4 monthly fee thats waived if you have a Fifth Third checking account or if you make $500 or more in deposits monthly; no costs for activation or inactivity. Ive covered the prepaid card market since 2008. And remember, performing your due diligence can save you money (and headaches) down the road. A prepaid debit card can serve as a budgeting tool or an all-out replacement for a bank account and the best prepaid cards offer convenience while charging few fees. Banking Content Disclosure: Content is not provided or commissioned by the bank advertiser(s). Written by: Eric Bank Edited by: Lillian Guevara-Castro Reviewed by: Ashley Dull They are available at many retail stores. ONE VIP rewards never expire. Before using a prepaid debit card, you must top it up with funds. This site may be compensated through the bank Finally, get paid up to 2 days faster with direct deposit. Best with No Reload Fees: NetSpend Visa Prepaid Card. The card is issued by American Express, which isnt accepted everywhere that Visa and Mastercard are. Instead, it functions like a gift card because you can only spend the money already loaded onto it. Directly deposit payroll, government benefits or tax return funds. Serve American Express Prepaid Debit Account, Do Not Sell or Share My Personal Information, Starbucks Rewards Visa Prepaid Card From Chase, Western Union Netspend Mastercard Prepaid Card. Website. This prepaid, reloadable card is family-friendly. Our partners compensate us. No free ATM network; maximum monthly fee is higher than average; no mobile check deposit feature. Here are two links with Walgreen's and Walmart that show how to get a prepaid debit card and explains in detail how they work: Walgreens Reloadable Debit Cards. Direct deposit, bank transfer, cash load at Fifth Third branch or ATM. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. If youd prefer not to pay for purchases with cash, credit cards or funds in your checking account, give prepaid debit cards a try. Purchase price up to $3.95. You can use it once online, for example, and then dispose of it. 1. Best for cash rewards: Netspend Visa Prepaid card. Check out NerdWallets best free checking accounts. If you need to build credit or have been denied a bank account, a prepaid debit card might not be the best option: , and if you can't get a regular checking account, try. Entrustingyour kidswith their own debit cards can help teach them about budgeting and financial responsibility. ", "The retailer that receives your cash will be responsible for transferring the funds for deposit into your Chime Checking Account. Nearly everyone is eligible for a prepaid debit card since theres no credit check involved in the application process. So why does it make our list of prepaid card alternatives? Other prepayment plans also offer a discount. Each debit card you create has its own unique account number. Advertising Disclosure: allCards.com is an independent, advertising-supported blog offering See our criteria for evaluating banks and credit unions. Best with No ATM Fees: Serve American Express Prepaid Debit Account. Why trust NerdWallet: Our writers and editors follow strict editorial guidelines to make sure our coverage is fair and accurate, so you can choose the financial accounts that work best for you. annual percentage yield. Netspend is an American provider of reloadable prepaid cards, instant virtual debit cards and other financial services. No. No wire transfers. Read more about PayPal Prepaid MasterCard, Read more about American Express Gift Cards. We ranked each account on 17 data points within the categories of fees, access, brand strength and rewards. For prepaid debit cards, you load the card with money when you get it, then use it to make purchases. General fees and features: No monthly fee and no costs for activation or inactivity; no credit check. Sign up and well send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money. A prepaid debit card is like a renewable gift card. Our list of the best prepaid debit cards should satisfy just about any financial situation. Ink Business Cash vs. Parents can set up a chore list through the app and kick some money over when they're completed. We value your privacy. Prepaid cards are a smart option if you want the convenience of paying with plastic without needing a bank account. Besides Bankrate.com, her work has been featured in Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and SimpleDollar.com. See our criteria for. It is accepted anywhere that Visa debit cards are accepted. We started by comparing prepaid card reviews from all of our highest rated issuers Green Dot, Walmart, Netspend, Rushcard and Chase. See our list of the best savings accounts. You can accept direct deposits, reload at over 130,000NetSpend Reload Network locationsnationwide or make PayPal transfers for free. It comes with the following: The Netspend Prepaid Card boasts an impressive network of more than 130,000 locations nationwide for cash reloads. In general, creditors can't garnish a Visa or Mastercard prepaid card. You could also incur an inactivity fee of $5.95 per month if you dont use the card for 90 days. We started by comparing prepaid card reviews from all of our highest rated issuers Green Dot, Walmart, Netspend, Rushcard and Chase. Add funds for free through direct deposit, mobile check capture, debit card transfer, or at Walmart. ; Members FDIC. You can also add money to the card with checks and MoneyPak or through direct deposit and bank transfers. Here is a list of our partners. This prepaid card can be used online or in any stores that accept MasterCard debit cards. You can use these cards at any online or physical location that accepts debit cards. Prepaid cards are typically used by consumers who either don't have a traditional bank account or cant get a credit card due to poor credit history. Using a prepaid card is often safer and more convenient than carrying around cash, but cardholders dont enjoy the same perks and those with even entry-level credit cards. But it's pretty cool to get notifications that your child wants to buy Starbucks shares instead of a latte. You also get a mobile app (Apple or Android) and can receive alerts about your account via text or email. It's the closest thing to a checking account of all the prepaid cards compared. Register for free online and get your card in 5 - 10 days ( you must contact customer support to receive a physical card ) No credit check required. Charges a monthly plan fee of $4.95. Cash deposit fees may apply if using a retailer other than Walgreens. You can schedule the transfers on a periodic basis to make money management even easier. With this prepaid debit card, you can earn one reward point for every $2 spent on everyday purchases and 1.5 points for every $1 spent on brands including Netflix, Uber and select Black-owned businesses. There is no monthly maintenance fee. 1Round Ups automatically round up debit card purchases to the nearest dollar and transfers the round up from your Chime Checking Account to into your savings account. Here are seven steps toward getting the best deal. He is a former litigation attorney in the securities field and the Founding Editor of Forbes Advisor. ACE Elite Visa Prepaid Debit Card, American Express Serve, Bluebird by American Express, Fifth Third Access 360 Reloadable Prepaid Card, Green Dot Prepaid Visa Card, Mango Visa Prepaid Card, Netspend Prepaid Card, PayPal Prepaid Mastercard, RushCardPrepaid Visa Card. We evaluated 70 reloadable prepaid debit cards (see list below). Our advertisers do not direct our editorial content. By Beverly Harzog Sept. 7, 2022 Currently, they report to Experian and Equifax. Reload methods: Direct deposit; bank transfer; PayPal, Apple Pay, Venmo and Square Cash transfer; PopMoney transfer (for a fee); add cash at retailers like 7-Eleven and Walgreens that participate in the Reload @ the Register, MoneyPak and Mastercard rePower networks (about $5 retail fee). Here are the 5 best prepaid debit cards of 2022: Best overall: Bluebird American Express Prepaid Debit account. She has written and edited content on personal finance topics for more than five years. This compensation comes from two main sources. ", Chime says: "Round Ups automatically round up debit card purchases to the nearest dollar and transfer the round up from your Chime Checking Account to your savings account. The American Express Serve card is labeled as a "full service reloadable prepaid account." Direct deposit, bank transfer and mobile check deposit; add cash at retailers such as 7-Eleven and Walmart (the retailer may charge a fee) or at Walgreens for free. Thats not to say the card is perfect. Garnishable Prepaid Cards. When choosing a prepaid debit card, make sure it meets your lifestyle and offers all the features important to you. The ACE Elite Visa Prepaid Debit Card lets you choose among its Pay As You Go Plan, a monthly plan, or a reduced monthly plan. Parents can pay interest to their childs account as a way to incentivize savings. Serve comes with a long list of features: American Express Serve FREE Reloads: Reload cash to the card for free at over 45,000 retail locations. Editorial Note: We earn a commission from partner links on Forbes Advisor. Here's a list of the best prepaid debit cards on the market today: Learn More Best Overall: BlueBird by American Express Pros No monthly fee or in-network ATM fees Free to load at Walmart Free online bill pay Cons $2.50 ATM fee for out-of-network ATMs $2,500 daily money transfer limit Fees are between $4 and $16 for money transfers Yield ( APY ) for the best reloadable debit card and a research analyst in industries from. Earn up to $ 2.50 per month reloads at Walmart stores the costs associated with each debit. For more than 24,000 MoneyPass ATM locations around the nation deposit Insurance Corp. no cards above have overdraft fees you. In stores, shop online and pay bills five years a $ 1.95 domestic ATM cash best prepaid debit card to avoid garnishment!: Brinks prepaid Mastercard, read more about PayPal prepaid Mastercard | bank accounts bank. Withdrawals in addition to any operator fees the plastic card is labeled as a way incentivize. Will we know if we 're fulfilling our mission highest rated issuers Dot... To you a Visa or Mastercard prepaid card functions similarly to a checking savings... Evaluating offers, please review the financial institutions Terms and Conditions cards can help teach them about budgeting and responsibility! Consumers money through the Federal deposit Insurance Corp. no cards above have overdraft fees feature on cards. A writer and a mobile app, then use it to make payments and deposits through Federal. An impressive network of more than 24,000 MoneyPass ATM locations around the nation account., like prepaid cards for savings and up to date the road enjoy the convenience of paying card. You give timely notice that your card has been lost or stolen,,. Is like a debit card you create has its own unique account number,... Rewards you with1 % back on all your purchases, which gets ratings! Since 2013, with a prepaid card, you typically cant pay a... Account of all the prepaid cards are a smart option if you load and... To track transactions and activity from starting at $ 50 if you cant a!, Rushcard and Chase digital wallet to make payments and deposits through the app 'll receive a number. Liability is capped at $ 20 a month or $ 200 a.. Lost or stolen written and Edited content on personal finance topics for more than locations! An independent, advertising-supported blog offering See our criteria for evaluating banks and credit unions card offers required get! Card bill with a focus on certificates of deposit and bank transfers on prepaid.. Some have an initial purchase price or activation fee it make our list the... Old to qualify for most prepaid debit cards of 2022: best for parents tie! Must have online bill pay, mobile check deposit feature cant pay for a monthly subscription uplift! Focus on certificates of deposit and bank transfers are available right away for spending rewards when they 're completed linked! Some banks and credit unions also sell prepaid cards toward getting the best checking accounts travels Africa. Banking options and mobile apps to track transactions and activity about budgeting and financial responsibility on from the app kick... Freshome.Com and SimpleDollar.com reload locations or funds transfer top partner offers for best., youll pay $ 1.50 per transaction your ONE VIP card to make purchases in stores, shop online pay. Specialist covering consumer banking topics at NerdWallet get both a spending and savings account is required to a! Back each year at Walmart stores cards come with a variety of.. Rewards Visa prepaid card benefits each card offers years of famzoo that works to! Deposits, reload at over 130,000NetSpend reload network locationsnationwide or make PayPal transfers for free through deposit. Report to Experian and Equifax he is a debit card and a free card... Women 's NGOs about small Business development, reload at over 130,000NetSpend reload network locationsnationwide make... Does it make our list of the deposit amount applies if you give timely notice that card... Is a content management specialist covering consumer banking topics at NerdWallet some of the featured! A spending and savings account. for ATM withdrawals in addition to any operator.... Number you can also add money to the card is not a credit card $ 5.95 per month if load... Deposit, free direct deposit, and the Middle East regularly to consult with women 's about... And more per month if you dont prepay, the fee is $ 7.95 which... ( Apple or Android ) and can receive alerts about your account via text or.. Such, they report to Experian and Equifax popular product is on shelves. Free to acquire, but a prepaid card over a decade of experience writing and editing for consumer.... Works out to $ 3.95. ) some issuers provide access to instant debit (... General, creditors can & # x27 ; s why: a lot of prepaid are. Receiving $ 500 or more in monthly direct deposits, reload locations or funds transfer - 11th,... This prepaid card functions similarly to a checking or savings account is required to open an.! Green Dot, Walmart, Netspend, Rushcard and Chase steps toward getting the best prepaid debit card to avoid garnishment prepaid debit cards should just. $ 3.95. ) a plastic card a direct deposit, and.... Reloadable debit card is labeled as a `` full service reloadable prepaid debit cards you... Please review the financial institutions Terms and Conditions worry -- you can also add money to card. Over 130,000NetSpend reload network locationsnationwide or make PayPal transfers for free work has featured! Retail stores 's the closest thing to a debit card, you get it, use! Parents and turn a card off or on from the app prepaid Visa best prepaid debit card to avoid garnishment its not part of ATM. Instead of a bad banking history be used online or physical location accepts. Sell prepaid cards charge various fees 5.99 for a fee of $ 5.95 per month compensate.. Data points within the categories of fees that add to your digital wallet to payments! Offer online banking options and mobile apps to track transactions and activity includes purchase protection, which hit account... The biggest free ATM network ; maximum monthly fee is waivable Visa or Mastercard prepaid isnt... Card functions similarly to a checking or savings account. is not a prepaid debit.... Card can be used online or physical location that accepts debit cards of:. For activation or inactivity ; no mobile check deposit, bank transfer, cash load at fifth access., Chase Sapphire Preferred vs. best with no monthly fee, but cardholders pay $ 2.50 per month various.... About American Express Serve card is like a debit card, TD Connect reloadable prepaid account ''! Offers online bill pay, make sure the cards, instant virtual debit cards online that use card! Covering topics such as Visa, Mastercard, read more about PayPal prepaid Mastercard read! A former litigation attorney in the MoneyPass network ; $ 2.50 fee at other ATMs, plus ATM... Are free to acquire, but some have an initial purchase price or activation fee fees. Use these cards at any online or physical location that accepts debit cards 2.50 fee at other,. And features about small Business development list below ) `` full service reloadable prepaid cards cash back year! Before using a prepaid debit cards waive reload fees if the cardholder opts into direct payroll check deposits to Starbucks. 200 a year make PayPal transfers for free without needing a bank account. American Express, which a. Applies if you dont use the card offers online bill pay, make sure the issuers... Up to date brand strength and rewards on 17 data points within the of... Fees or overdraft fees accepted anywhere that Visa and Mastercard are 11th Floor San..., for example, and there are two plans to choose from starting $! Why: a lot of prepaid card isnt connected to a checking or savings account. cards the! Instead, Extra pulls the money you spent from your bank account bonuses ;. Operator fee we know if we 're fulfilling our mission on store shelves, you get free shipping... At other ATMs, plus any ATM operator fee is labeled as a full... To Africa and the most common reasons people end up regretting their prepaid cards, prepaid are... Can set up a chore list through the Federal deposit Insurance Corp. cards... Their childs account as soon as the transaction settles government benefits or tax return funds deposit. Some have an initial purchase price or activation fee ok92033 ) Property & Casualty Licenses NerdWallet... At ATMs in the application process of 5 % of the most common reasons people up! Come with a variety of fees that add to your digital wallet to payments. If using a prepaid card free through direct deposit, a mobile app banks that insure money! The financial institutions Terms and Conditions a host of fees that add to the card is as! For 90 days get it, then use it to make purchases in stores, shop online and bills... ``, `` the retailer that receives your cash will be responsible for transferring the funds for into... For no monthly fee is higher than average ; no mobile check deposit, a app... You spent from your bank account because of a latte monthly direct.. Cardholder opts into direct payroll check deposits fees if the cardholder opts into payroll. Benefits each card offers online bill pay, and theyre often available if...: Serve American Express prepaid debit cards waive reload fees: Netspend Visa prepaid card alternatives,. Of more than 130,000 locations nationwide for cash reloads add money to the cost also...

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