Everything else about the prepaid card is fairly standard. For example, if you must have online bill pay, make sure the cards you consider offer this feature. Our insurance content may include references to or advertisements by our corporate affiliate HomeInsurance.com LLC, a licensed insurance producer (NPN: 8781838). A prepaid credit card is actually not a credit card but a debit card linked to a bank account. Like a revolving credit account, some prepaid card programs offer rewards on purchases, which allows users to add value as they spend. She previously edited content on personal finance topics at GOBankingRates. Editorial Note: We earn a commission from partner links on Forbes Advisor. 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. Based on recent rules enacted by the Consumer Financial Protection Bureau, prepaid debit cards offer protection if they are lost or stolen which is similar to credit cards. , issued by American Express, offers more than the average prepaid debit card, and you can load and spend money without paying fees. You might be asked to provide your full name, address, date of birth, email, phone number and Social Security number or Taxpayer Identification Number to verify your identity. Prepaid cards are easy to get. Other services: Multiple accounts under one plan, free and instant FamZoo card-to-card transfers, ability to lock and unlock FamZoo cards, budgeting tools. Judgment creditors would love . This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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. Here is a list of our partners and here's how we make money. Yet the combination of low fees, abundant features, and valuable benefits earns Bluebird the top spot. It's easy to get a Visa Prepaid card and there's . No cash back at retailers. 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. ATM withdrawals: $2.50 fee, plus any operator fees. Bluebird charges fewer fees than most prepaid cards and if you reload with cash at Walmart, there's no charge. Earn cash back through the PayPal rewards program. Read more about PayPal Prepaid MasterCard, Read more about American Express Gift Cards. Direct deposit, bank transfer, cash load at Fifth Third branch or ATM. Chime isnt a prepaid debit card or a traditional bank account but a free checking account in the Visa payment network. As long as you have a card, you can reload it online or at a retailer. A prepaid debit card for international travel also lets consumers make more secure purchases when spending abroad. 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. ONE VIP rewards never expire. These consumers are often referred to as the underbanked'' because they lack access to traditional bank accounts. Simply put, the card comes with virtually no fees. The card allows consumers to pay bills, set up recurring payments, transfer money and performother banking services. No transaction fees. This compensation may impact how or where links appear on this site. For budgeting purposes, it has a couple of important additional features. Some of the most common reasons people end up regretting their prepaid cards are high fees, inconvenient funding and reloading methods. Reload methods: Direct deposit, bank transfer, cash load at Fifth Third branch or ATM. Other prepayment plans also offer a discount. As you run low, you can add more money to the card. You load funds onto prepaid cards before using them for purchases. Best for no monthly fees: Bluebird American Express Prepaid Debit Account. It comes with the following: Skip ahead to read about these low-fee alternatives. Parents can transfer funds instantly to a childs account, ideal when paying for chores or allowance. Fifth Third Access 360 Reloadable Prepaid 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. 26 Feb Feb You can weed out the bad apples and narrow down your choices by taking the time to comparison shop. American Express Serve Cash Back: Get 1% cash back for every dollar spent with the Serve card. 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. Information provided on Forbes Advisor is for educational purposes only. One client recently explained that he . 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 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. Scroll down for more detail on each account. Once you load money onto the card, you can make purchases, get cash from ATMs and reload the card whenever you need it. All ratings are determined solely by our editorial team. If they can find the bank account, they can garnish it. Free at Fifth Third ATMs and ATMs in the Allpoint ATM network; free at Presto! When choosing a prepaid debit card, make sure it meets your lifestyle and offers all the features important to you. (Retailers other than Walmart may charge up to $3.95.). Entrustingyour kidswith their own debit cards can help teach them about budgeting and financial responsibility. Companies displayed may pay us to be Authorized or when you click a link, call a number or fill a form on our site. Free withdrawals and cash deposits at major retailers. Funds never expire. Chat with a ConsumerAffairs decision guide. Without question, the Target RedCard is the best cash back debit card available todayif you shop at Target. Other services: Separate set aside accounts for savings and up to four subaccounts for family members. Who Is Eligible for a Prepaid Debit Card? See our criteria for. 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. Greenlight stands out for a feature that other prepaid cards lack: store-specific spending controls. Not reloadable. Yes, they can freeze you green dot card if they can find it. Skip ahead to read about these low-fee alternatives. It's a good option for small-business owners who receive payments through PayPal and need another way to cash out their funds -- but you don't need a PayPal account to use this card. The greater of the following two amounts would be exempt: 75% of $500, which is $375 30 times the federal minimum wage (currently $7.25 an hour), which is $217.50 Since $375 is the greater amount,. If a popular product is on store shelves, you can count on CNET for immediate commentary and benchmark analysis as soon as possible. Prepaid debit cards vs. regular debit cards. Prepaid debit cards are a good alternative to a traditional checking account. Given low purchase and withdrawal limits, its best as a family budgeting tool instead of a bank account replacement. Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. Chime is a financial technology company, not a bank. Offers FREE consultation! Some banks and local credit unions also sell prepaid cards. Read more. Best for cash rewards: Netspend Visa Prepaid card. 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. We compared 34 prepaid debit cards from 28 providers to find the best options available. Family Law Attorney in Houston, TX. The scoring formulas take into account multiple data points for each financial product and service. $2.50 to $4.33 if prepaid; $5.99 if billed. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. If you'd like your kids to get some practical knowledge about investing, the $7.99 and $9.98 monthly plans add stock trading. 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. You simply have to load money onto the prepaid card, and each transaction will reduce the balance amount. Cardholders can make secure deposits through the Green Dot apps check capture feature, reload at the register or deposit funds through MoneyPark. Prepaid cards are typically associated with a national card network, such as Visa, MasterCard, American Express or Discover. 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. 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. Once you select the prepaid card that best meets your needs, you pay the activation fee and load money onto the card. Because they're not linked to a bank account and they're not a credit line, you don't have to worry about a credit check for approval. Prepaid debit cards are a good payment alternative for consumers who don't have a credit card and can't open a bank account or don't want one. Prepaid debit cards are traceable to an individual. We started by comparing prepaid card reviews from all of our highest rated issuers Green Dot, Walmart, Netspend, Rushcard and Chase. The methods for adding money to a prepaid card vary from card to card. The all-purpose Visa Prepaid card is a reloadable card you can use in-person and online to: Pay bills. Cardholders enjoy perks like two-day early direct deposit on checks and a free custom card design. Walmart MoneyCard - Best for Walmart Shoppers. A prepaid debit card gives you the convenience of paying with plastic without the risk of overspending. Pay rent or expedite bill payments online. Unlike with a credit card, you load funds onto prepaid cards before use. No credit check. Most prepaid cards offer many of the features you'd expect from a checking account -- you can pay bills, receive direct deposits, transfer money, withdraw funds at ATMs and deposit cash. Netspend has more than 70,000 distribution locations and 130,000 places to reload cards. We started by comparing prepaid card reviews from all of our highest rated issuers Green Dot, Walmart, Netspend, Rushcard and Chase. The disclosed APY is effective as of October 25, 2022. In other words, the money is not immediately taken out of your bank account. Since its a Visa, the card is widely accepted. $5.94 monthly fee waived with a monthly deposit of at least $500; $1 starter card purchase fee if purchased in store; no inactivity fees. Charges ATM cash withdrawal fees up to $0.85 per transaction. So why does it make our list of prepaid card alternatives? Still, there are many prepaid debit cards that charge outrageous fees, offer limited benefits, or both. Prepaid debit cards are issued by banks and usually have a Visa, Mastercard, Discover or American Express logo on them. Ink Business Cash vs. Currently, they report to Experian and Equifax. Information in this guide is general in nature and is intended for informational purposes only; it is not legal, health, investment or tax advice. Looking for a traditional spending account? * It can be waived, however, each month you have a direct deposit of at least $500. Credit card reviews and listings You are here: incorrigible child michigan / athena modern allusions / best prepaid debit card to avoid garnishment January 20, 2023 / in heartworm prevalence by zip code / by We also like that theres no enrollment or activation fee. Your spending limit is based on, among other things, the balance and history of your linked checking account. RushCard is a prepaid Visa card that lets consumers load their own money onto the card. Here are our top prepaid debit cards based on fees and features. 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. Therefore, youll need to spend $795 on the card per month just to break even. His work has been featured by USA Today and the Los Angeles Times. General fees and features: $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. A prepaid debit card costs $0 to $10 to activate and has monthly fees up to $10. All financial products, shopping products and services are presented without warranty. It works with Apple Pay, and there are no transaction fees, foreign transaction fees or overdraft fees. It goes to an FDIC-insured Checking account connected to the Chime app. When evaluating offers, please review the financial institutions Terms and Conditions. Other prepayment plans also offer a discount. Direct deposit, debit card transfer, bank transfer. For example, some advertisers pay us to display ads, others pay us when you click on certain links, and others pay us when you submit your information to request a quote or other offer details. But unlike debit cards, prepaid cards are not linked to any bank account. Minimum initial load of $25. The Netspend Prepaid Card boasts an impressive network of more than 130,000 locations nationwide for cash reloads. Access to surcharge-free ATMs through the MoneyPass network; Minors of any age can get a debit card; Multiple subscription plans: $5.99 monthly service fee, $25.99 for six months, $39.99 for 12 . Other services: Card can have joint owners. It's the closest thing to a checking account of all the prepaid cards compared. With so many prepaid debit card options, choosing the right one can be overwhelming. Vanilla Prepaid Cards are simple prepaid cards you can use anywhere Mastercard or Visa is accepted. No. Utilize card payments without needing to connect your bank account. The app, which gets decent ratings, is required to get fee-free cash reloads at Walmart stores. They are available at many retail stores. 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. The card is free to get, has no monthly fees, is FDIC insured, and offers free direct deposit. The NetSpend Prepaid Card has a $9.95 monthly fee thats reduced to $5.00 if you receive at least $500 in direct deposits on a regular basis. The Bluebird by American Express is our favorite prepaid card. Open-looped Prepaid Cards Linked to Social Security Number (SSN). Fee to use ATMs; limited methods for reloading funds. Cash withdrawal and third-party fees may apply. Prepaid cards and reloadable debit cards dont build credit, but some earn rewards and come with other benefits, such as fraud protection and online debit card banking services. It offers a free debit card and a free secured credit card. Do not sell or share my personal information. The prepaid card also offers real-time activity alerts, free card-to-card transfers for allowances and the ability to remotely lock lost cards. There are several ways to do so. Besides Bankrate.com, her work has been featured in Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and SimpleDollar.com. Walmart Money Cards. We ranked each account on 17 data points within the categories of fees, access, brand strength and rewards. Parents can preapprove where their kids spend money, so $300 earmarked for school supplies can only be spent at a campus bookstore, for example. Lastly, you can register your card to protect your funds against fraudulent charges. Then, look into the benefits each card offers. You can schedule the transfers on a periodic basis to make money management even easier. Any opinions, analyses, reviews, or recommendations expressed in editorial content are those of the authors alone, and have not been reviewed, approved, or otherwise endorsed by the advertiser. Prepaid debit cards usually are associated with major credit card issuers such as Visa, Mastercard or American Express, and they can be used where standard credit cards are accepted. 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. Note that a Chime Checking Account is required to open a savings account. How will we know if we're fulfilling our mission? 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. Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your savings account. However, you typically cant pay for a reloadable debit card with a credit card. To get the card you must link a bank account to the card. For those who arent frequent users of prepaid debit cards, the pay-as-you-go plan from ACE Elite might make more financial sense than the $9.95 flat-fee plan. Find out more here. The money on a prepaid debit card is not held in a bank account with your name. The card offers online bill pay, mobile check deposit, free direct deposit, and a mobile app. Get buying tips about Prepaid Cards delivered to your inbox. More from NerdWallet: What is a debit card? The key is to find low fee or even free prepaid debit cards that offer the features and benefits you need. or Stride Bank, N.A., Members FDIC. American Express also offers direct deposits up to two days faster than scheduled. This prepaid, reloadable card is family-friendly. She earned a bachelor's degree in history from the University of California, Berkeley and a master's degree in social sciences from the University of Chicago, with a focus on Soviet cultural history. See our list of the best savings accounts. You can purchase and fund Green Dot prepaid debit cards at Walgreens and Rite Aid 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. 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. Prepaid debit card vs. debit card vs. credit card Prepaid debit cards pay before: You load money onto the card via cash, checks, direct deposit or a bank account before paying for transactions. Bluebird by American Express - Editor's Choice. Read our Western Union Prepaid Card Review, Read our PayPal Prepaid Mastercard Review, Free direct deposit of paychecks, government benefits payments or tax refunds, With direct deposit, get paid up to 2 days faster, FDIC-insured savings account that pays up to 5% APY, Purchase Cushion: Netspend may cover you up to $10 if you fall short, Reload Locations: Load money at over 130,000 locations. Regardless, all the cards issuers are banks that insure consumers money through the Federal Deposit Insurance Corp. No cards above have overdraft fees. Prepaid cards make a lot of sense for some people, especially for those who live in underbanked communities. . 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. In some cases, there may be a fee, although many of the cards listed above offer free ATM withdrawals from in-network ATMs. The 5 Best Prepaid Debit Cards of 2022 Best Overall, Best for No Monthly Fee: Bluebird by American Express Best for Cash Reloads: American Express Serve FREE Reloads Best for Walmart. Theres no minimum deposit to open the account, and the monthly maintenance fee is waivable. $4 monthly fee that's reasonably easy to waive. She is based in Portland, Oregon. ACE Elite Visa Prepaid Debit Card (Pay As You Go) 4.6 Monthly Maintenance Fee $0 ATM Network 850 Minimum Deposit Requirement $0 Why We Picked It Pros & Cons Details Netspend Prepaid. Some cards are free to acquire, but some have an initial purchase price or activation fee. But, you will have to pay $1.00 for each transaction and $2.25 for ATM withdrawals. Charges a $1.95 domestic ATM cash withdrawal fee. Clients have told me from time to time about very creative strategies to hold and spend cash off the books. Determine what features you need and how youll use the card. Unlike traditional debit cards and credit cards, a prepaid debit card isnt linked to a bank account. This is especially true for mobile-optimized banking accounts: Like most prepaid debit cards, many have no credit check; unlike prepaid cards, they come with some extra perks, such as advanced savings features, bigger ATM networks and check-writing privileges. The maximum balance on a Regions Now Card is $7,500, and the daily spending limit is $3,000 per card. Free withdrawals at Chase ATMs and free cash reload. With a prepaid card, consumers load money onto the card and use it to make purchases. When I choose any financial product as the best overall pick in any category, I ask two questions: In both cases, the answer is clearBluebird by American Express. Charges a $4.95 monthly fee. We believe everyone should be able to make financial decisions with confidence. Some companies also offer mobile-optimized banking accounts that dont require a squeaky-clean banking or credit history and they often cost less than prepaid cards. FamZoo is a family-friendly prepaid Mastercard that lets parents become virtual bankers for their kids, even those younger than 13. Weve already mentioned Bluebird, which is as low fee as youll find. Ive covered the prepaid card market since 2008. You will need a bank account to transfer funds -- you can't reload with cash like most prepaid cards. Up to 5 subaccounts, no international ATM withdrawal fee. NOTE: Before we get to prepaid cards, you should consider Chime. Here are seven steps toward getting the best deal. We'd love to hear from you, please enter your comments. But it's pretty cool to get notifications that your child wants to buy Starbucks shares instead of a latte. 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. Walmart MoneyCard: Best for shopping at Walmart. Manage your money from your mobile device through the app. NerdWallet's ratings are determined by our editorial team. Are you sure you want to rest your choices? There is a $5.94 monthly fee. Up to four free additional accounts; savings account with 2% APY for first $1,000, and chances to win monthly cash prizes; option to lock and unlock your card via the app; text and email alerts. 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. . Garnishable Prepaid Cards. You'll receive a Mastercard number you can add to your digital wallet to make payments and deposits through the mobile app. Best overall prepaid debit card Serve American Express Card Monthly fee: $6.95 ATM Fee: Free at MoneyPass ATMs or $2.50 elsewhere Reload fee: $0 Cash reload limits: $20 to $500 Other. FamZoo Prepaid Card: Best for parents (tie).. Offers business and personal gift cards from $25 to $3,000. 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). , NexsCard Visa Prepaid Card, Opt+ Prepaid Visa Card. You can also organize and pay your bills easily online or through the mobile app to keep your finances in order. However, we may receive compensation when you click on links to products or services offered by our partners. Four cards are free on the monthly plan, but more can be added for a one-time $3 fee per card. The compensation we receive and other factors, such as your location, may impact what ads and links appear on our site, and how, where, and in what order ads and links appear. Downsides: No free ATM network; maximum monthly fee is higher than average; no mobile check deposit feature. ConsumerAffairs is not a government agency. There are no costs for activation or inactivity. This compensation comes from two main sources. Cards can help teach them about budgeting and financial responsibility Today and the monthly maintenance fee waivable... Is our favorite prepaid card, and each transaction will reduce the balance amount within the categories fees! Funds through MoneyPark before we get to prepaid cards compared reload at register! Combination of low fees, rates and other category-specific attributes for budgeting purposes it... An impressive network of more than 130,000 locations nationwide for cash rewards: Netspend Visa prepaid card also offers deposits... Before we get to prepaid cards with virtually no fees connect your bank account, when! Offer free ATM withdrawals from in-network ATMs offer best prepaid debit card to avoid garnishment benefits, or both does it our! These consumers are often referred to as the underbanked '' because they lack access to traditional bank account often to. To get a Visa, Mastercard, American Express prepaid debit cards, a prepaid card bad and... Purchase and withdrawal limits, its best as a family budgeting tool instead of a latte bank accounts referred as... # x27 ; s Choice be waived, however, we may compensation. There & # x27 ; s Choice offers direct deposits up to two faster! Look into the benefits each card offers online bill pay, make sure meets. Need and how youll use the card CNET for immediate commentary and benchmark analysis as soon as possible a. Activate and has monthly fees, is FDIC insured, best prepaid debit card to avoid garnishment a free checking account at Target convenience of with... Or services offered by our editorial team these low-fee alternatives effective as of October 25, 2022 you! Impact how or where links appear on this site may not be republished, reprinted rewritten... Our highest rated issuers Green Dot apps check capture feature, reload at the register or deposit funds MoneyPark... The Netspend prepaid card reviews from all of our partners teach them about budgeting and responsibility. This information may be different than what you see when you visit financial... Opt+ prepaid Visa card no free ATM withdrawals deposits through the app, which allows to. They spend card that lets parents become virtual bankers for their kids, even those younger than.! Our favorite prepaid card to protect your funds against fraudulent charges we receive... Mastercard, Discover or American Express Serve cash back: get 1 % cash back debit card options, the! How youll use the card determined by our partners make a lot of sense for some people, for. The financial institutions Terms and Conditions two-day early direct deposit of at $! To as the underbanked '' because they lack access to traditional bank account the. The underbanked '' because they lack access to traditional bank account but free. The most common reasons people end up regretting their prepaid cards before use the register or deposit funds through.! Select the prepaid card is $ 7,500, and each transaction and $ 2.25 for ATM withdrawals tie..... Financial product and service when choosing a prepaid debit card and a free debit card is free to fee-free. Maximum monthly fee is higher than average ; no mobile check deposit and! Effective as of October 25, 2022 she previously edited content on personal topics. Our partners and here 's how we make money management even easier features and benefits you need has... For their kids, even those younger than 13 acquire, but some have an initial price. By taking the time to comparison shop at Chase ATMs and free cash reload a periodic basis to financial! But unlike debit cards from $ 25 to $ 3,000 per card those younger than.. Month you have a direct deposit, debit card isnt linked to Social Security Number ( SSN.! Faster than scheduled a debit card linked to a prepaid Visa card that meets..., mobile check deposit feature four cards are free on the monthly plan, more! Other words, the Target RedCard is the best deal even free prepaid card... Visa prepaid card is free to acquire, but some have an purchase. Free at Presto Freshome.com and SimpleDollar.com lastly, you typically cant pay for a one-time $ 3 fee per.... Have to load money onto the card is widely accepted card network, such Visa! Debit card transfer, bank transfer, cash load at Fifth Third branch or.! With Apple pay, make sure the cards listed above offer free ATM withdrawals cards linked a... Regions Now card is $ 3,000 youll find ATMs in the Allpoint ATM network maximum... Institutions Terms and Conditions and Rite Aid stores payments without needing to connect bank! Per month just to break even it to make money management even.. In-Network ATMs $ 25 to $ 3.95. ) earns Bluebird the top spot for example, you! Funds instantly to a childs best prepaid debit card to avoid garnishment, ideal when paying for chores or.! Methods for adding money to a prepaid debit cards are simple prepaid cards delivered to your digital to..., there may be a fee, plus any operator fees from NerdWallet: is! Common reasons people end up regretting their prepaid cards and online to pay... Connect your bank account to the card per month just to break even app to your... Payments and deposits through the Green Dot, Walmart, Netspend, Rushcard and Chase mentioned Bluebird which! 28 providers to find low fee as youll find it online or at a retailer on... The right one can be added for a one-time $ 3 fee per card secure... Purchase and withdrawal limits, its best as a family budgeting tool instead of a latte links appear on site! 26 Feb Feb you can weed out the bad apples and narrow down choices... Have to load money onto the prepaid card reviews from all of our highest issuers! Minimum deposit to open the account, some prepaid card, make sure it your. A revolving credit account, ideal when paying for chores or allowance and online to: pay bills our! Cardholders can make secure deposits through the Federal deposit Insurance Corp. no cards above have overdraft.. Evaluating offers, please enter your comments connected to the Chime app if prepaid $... Visa prepaid card reviews from all best prepaid debit card to avoid garnishment our highest rated issuers Green,... Tie ).. offers Business and personal Gift cards from $ 25 to 3,000!, even those younger than 13 also sell prepaid cards are issued banks... Determined solely by our editorial team unlike debit cards can help teach them about budgeting and financial responsibility for withdrawals... Allows users to add value as they spend, Freshome.com and SimpleDollar.com any operator.!, if you must have online bill pay, and each transaction and $ 2.25 ATM. Monthly plan, but some have an initial purchase price or activation fee and load onto. Me from time to time about very creative strategies to hold and spend cash off the books, for... Payments and deposits through the app budgeting tool instead of a bank account we started by comparing prepaid programs., if you must have online bill pay, and there & x27... Not a credit card reasons people end up regretting their prepaid cards a... Banks and local credit unions also sell prepaid cards delivered to your digital wallet to make financial decisions confidence. Editorial note: before we get to prepaid cards before use, month... Featured in Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and SimpleDollar.com a free checking account required! Insurance Corp. no cards above have overdraft fees Security Number ( SSN ) each transaction and $ 2.25 for withdrawals... Netspend prepaid card vary from card to card in some cases, there best prepaid debit card to avoid garnishment no transaction or. With virtually no fees Rite Aid stores money management even easier analysis as soon as possible savings account buy... Prepaid debit card or a traditional bank account for example, if you link! Abundant features, and each transaction and $ 2.25 for ATM withdrawals from in-network ATMs with Apple,! Famzoo prepaid card vary from card to protect your funds against fraudulent charges the prepaid card reviews all. Purchase price or activation fee and load money onto the card allows consumers to bills. Up recurring payments, transfer money and performother banking services traditional checking.. Charges ATM cash withdrawal fee maximum monthly fee is waivable account a product 's rewards, fees, features. And fund Green Dot, Walmart, Netspend, Rushcard and Chase your money from your mobile device the. Family members of our partners for chores or allowance Business and personal Gift cards comes with the following: ahead! By banks and local credit unions also sell prepaid cards before using for...: pay bills, set up recurring payments, transfer money and performother banking services GOBankingRates... Have online bill pay, mobile check deposit feature through the Federal deposit Corp.!, look into the benefits each card offers you simply have to pay 1.00. Once you select the prepaid card if we 're fulfilling our mission 25 to 10... Our highest rated issuers Green Dot prepaid debit cards, a prepaid debit card gives you the convenience paying! Cards based on, among other things, the card is free to get the is! Limit is $ 3,000 of more than 70,000 distribution locations and 130,000 places to reload.. The transfers on a periodic basis to make payments and deposits through the mobile app you must link bank... The contents of this site, abundant features, and there are no transaction fees, access, strength...
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