: 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). ; Members FDIC. You might be using an unsupported or outdated browser. 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. February 27, 2023 . However, this does not influence our evaluations. It is accepted anywhere that Visa debit cards are accepted. $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. $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. The fees for adding and withdrawing cash are the same or slightly higher than those for the Netspend twins. ~Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM. Carrying the plastic card is also safer than having cash in your pocket. It includes purchase protection, which is a rare feature on prepaid cards. offer convenience and dont charge many fees. Commissions do not affect our editors' opinions or evaluations. A prepaid card functions similarly to a debit card. Bluebird by American Express - Editor's Choice. to make sure our coverage is fair and accurate, so you can choose the financial accounts that work best for you. Family Law Attorney in Houston, TX. Parents can preapprove where their kids spend money, so $300 earmarked for school supplies can only be spent at a campus bookstore, for example. Cardholders enjoy perks like two-day early direct deposit on checks and a free custom card design. When evaluating offers, please review the financial institutions Terms and Conditions. Use in stores and online. Direct deposits hit up to two days early, and its free to add accounts for family members. Instead, Extra pulls the money you spent from your bank account the next business day. 3% cash back at Walmart.com and in the Walmart app and other cash back rewards. Bluebird charges fewer fees than most prepaid cards and if you reload with cash at Walmart, there's no charge. Advertising Disclosure: allCards.com is an independent, advertising-supported blog offering 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. Roberts LLC All Rights Reserved. ATMs inside Publix stores and at 7-Eleven ATMs listed on the bank's website or mobile app; $2.75 fee at other ATMs, plus any ATM operator fees. Best with No Signature Transaction Fees: NetSpend Visa Prepaid Card. These accounts provide another shot at mainstream banking and its perks. Written by: Eric Bank Edited by: Lillian Guevara-Castro Reviewed by: Ashley Dull Ink Business Cash vs. And for good reason. Plus, unlike many competitors, Truist doesnt charge cash reload or inactivity fees. What Chime adds is an excellent app to help you manage your money. The American Express Serve card is labeled as a "full service reloadable prepaid account." approved or otherwise endorsed by the bank advertiser(s). Our favorite reloadable debit cards offer convenient loading and flexible spending options with low or no monthly fees. Four cards are free on the monthly plan, but more can be added for a one-time $3 fee per card. Website. . You can buy a prepaid card online, over the phone or at a retail, grocery, convenience or drug store. Pre-qualified offers are not binding. Prepaid Card Any collection agency that accepts debit or credit cards can accept a prepaid card. Unlike traditional credit cards, these cards require that cardholders load funds onto the card before using. Even if you dont want to build your credit score, many easy-to-get credit cards come with better perks than even the best prepaid cards. The key is to find low fee or even free prepaid debit cards that offer the features and benefits you need. Other services: Separate set aside accounts for savings and up to four subaccounts for family members. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Chime is a financial technology company, not a bank. Looking for a traditional spending account? And with direct deposit, you can get paid up to two days early.*. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. We believe everyone should be able to make financial decisions with confidence. This influences which products we write about and where and how the product appears on a page. Unsubscribe easily. Cash withdrawal and third-party fees may apply. Generally, yes. So dont forget to compare the benefits and fees of the best prepaid debit cards before making a decision. The Regions Now Card has zero cash reload fees at over 1,900 ATMs across Regions Banks 15-state service area. 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 Downsides: No free ATM network; maximum monthly fee is higher than average; no mobile check deposit feature. Please try again later. Prepaid cards are a smart option if you want the convenience of paying with plastic without needing a bank account. The monthly fee is $7.95, which cant be waived. Pre-qualified offers are not binding. Here is a list of our partners and here's how we make money. Prepaid cards, also called stored-value cards, include gift cards and reloadable debit cards. advertiser(s) Affiliate Program(s). 2023 Forbes Media LLC. This low-fee prepaid card is ideal for those who frequent Walmart. No monthly fee with balance over $1,000. Charges monthly fees up to $7.95 and ATM fees up to $2.50. It's the closest thing to a checking account of all the prepaid cards compared. Simply load money onto your card with a mobile app or participating ATM, then spend that money anywhere that accepts debit card payments. $7.95 monthly fee is waived if you spend more than $1,000 per month. And you get an additional 30 days for returns and exchanges. Direct deposit, bank transfer, cash load at Fifth Third branch or ATM. Provides dozens of designs and customized messages. FamZoo Prepaid Card: Best for parents (tie).. Chase Liquid is a reloadable debit card offered by the national bank that can be loaded at any Chase location. You can also organize and pay your bills easily online or through the mobile app to keep your finances in order. Walmart Money Cards. Therefore, youll need to spend $795 on the card per month just to break even. Best for a spending cushion . The Forbes Advisor editorial team is independent and objective. You can also add money to the card with checks and MoneyPak or through direct deposit and bank transfers. Can you get money from an ATM with a prepaid card? We value your privacy. 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. However, unlike a regular debit card that is linked to its holder's checking account, a prepaid credit card is linked to a special account to which the card's owner cannot deposit money, only withdraw it. If you need todeposit cash, you can visit one of Movo's 3.5 million in-network ATMs or swing by your local CVS, Walgreens or 7-Eleven (and some grocery stores). No usage fees. Chime is an award winning financial app and Visa debit card. Unlimited cash back account earns 3% cash back plus 3% APY for savings. The prepaid card also offers real-time activity alerts, free card-to-card transfers for allowances and the ability to remotely lock lost cards. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. Given low purchase and withdrawal limits, its best as a family budgeting tool instead of a bank account replacement. This prepaid, reloadable card is family-friendly. Offers business and personal gift cards from $25 to $3,000. American Express Serve Pay As You Go: There is no monthly fee for this card. Once you select the prepaid card that best meets your needs, you pay the activation fee and load money onto the card. Parents have total control over the childs account if they want it. The credits could take 36 to 48 hours to show up in your ONE VIP account. CNET is not an insurance agency or broker. General fees and features: No monthly fee and no costs for activation or inactivity; no credit check. And remember, performing your due diligence can save you money (and headaches) down the road. Besides Bankrate.com, her work has been featured in Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and SimpleDollar.com. The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. 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. Cash withdrawal and third-party fees may apply. Serve rewards you with1% back on all your purchases, which hit your account as soon as the transaction settles. Some prepaid debit cards charge a host of fees. Without question, the Target RedCard is the best cash back debit card available todayif you shop at Target. ATM withdrawals: Free at ATMs in the MoneyPass network; $2.50 fee at other ATMs, plus any ATM operator fee. 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. 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. Prepaid card vs. debit cards. Posted on May 3, 2014. The maximum balance on a Regions Now Card is $7,500, and the daily spending limit is $3,000 per card. Parents can lock and unlock accounts. Read more. Its free. Skip ahead to read about these low-fee alternatives. Some of the most common reasons people end up regretting their prepaid cards are high fees, inconvenient funding and reloading methods. Other services: Multiple accounts under one plan, free and instant FamZoo card-to-card transfers, ability to lock and unlock FamZoo cards, budgeting tools. The Monthly Plan with a monthly direct deposit of at least $500 is the best deal in our opinion. There are no costs for activation or inactivity. You can use these cards at any online or physical location that accepts debit cards. Even though they look the same, a prepaid card does not give you access to a line of credit. The Annual Percentage Yield (APY) for the Chime Savings Account is variable and may change at any time. But, you will have to pay $1.00 for each transaction and $2.25 for ATM withdrawals. Yes, they can freeze you green dot card if they can find it. However, you can withdraw cash without a fee from Walmart MoneyCenters or the Customer Service desk. Avoid Getting . This site may be compensated through the bank NOTE: Before we get to prepaid cards, you should consider Chime. Cardholders earn 3% back when they shop at Walmart.com, 2% back at Walmart gas stations and 1% back at Walmart stores for up to $75 cash back each year. But Bluebird does have limits when it comes to merchant acceptance, and it doesnt allow cash back at retailers. The 5% cash back applies to in-store Starbucks purchases and speciality gift cards. These accounts provide another shot at mainstream banking and its perks. There is a $5.94 monthly fee. Generally, you can also use a prepaid debit card to withdraw cash from ATMs. You can also receive instant transaction alerts and lock your debit card if you lose it. . A prepaid debit card can be used as an alternative checking account or as a budgeting tool, but you have to choose the right card to avoid a lot of fees. Prepaid reloadable debit cards, sometimes called prepaid credit cards, offer an alternative to both credit cards and bank accounts. Cardholders get the most out of the Walmart Money Card when they use it at Walmart. Ruth Sarreal is a content management specialist at NerdWallet. . 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. The cards that made this list had the best combination of these categories. With no monthly fees, this plan only charges $1.50 per purchase. General fees and features: You can prepay $59.99 for two years of FamZoo that works out to $2.50 per month. And HomeInsurance.com LLC may receive compensation from third parties if you choose to visit and transact on their website. You can weed out the bad apples and narrow down your choices by taking the time to comparison shop. Best with No ATM Fees: Serve American Express Prepaid Debit Account. No activation fee for online orders. All ratings are determined solely by our editorial team. Her work has appeared on Chime, Clever Girl Finance, RateGenius, and Mint Intuit, among other publications. He is based in Berkeley, California. There are two plans to choose from starting at $20 a month or $200 a year. 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. Here's why: A lot of prepaid cards charge various fees. $4 monthly fee that's reasonably easy to waive. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Jamela Adam is a personal finance writer covering topics such as savings, investing, mortgages, student loans, and more. Prepaid debit cards vs. regular debit cards. It also comes with an optional savings account. Cash withdrawal and third-party fees may apply. ATM withdrawals: 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. Read on to learn why we picked each card, its pros and cons and important information you should know before applying. Free family accounts up to four people. Its one of the best free prepaid debit cards available today. This control over your finances helps you manage your spending and offers you peace of mind. No wire transfers. Prepaid cards with $0 purchase price. ASAP Direct Deposit lets you receive money faster with no overdraft or bounced check fees. All of our top picks are authorized by ConsumerAffairs. They can pay interest to their young ones to encourage savings. With so many prepaid debit card options, choosing the right one can be overwhelming. The money on a prepaid debit card is not held in a bank account with your name. Directly deposit payroll, government benefits or tax return funds. Direct deposit, debit card transfer, bank transfer. 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. Offers prepaid debit card with no minimum balance requirement. . Monthly fee:$4.99 to $9.98 (up to five kids)ATM Fee:FreeReload fee:N/ACash reload limits:N/AOther fees:Custom-design card fee for $9.99, card replacement $3.50Reload locations:N/A. Here are the 5 best prepaid debit cards of 2022: Best overall: Bluebird American Express Prepaid Debit account. financial product comparisons. We'd love to hear from you, please enter your comments. The Netspend Prepaid Card boasts an impressive network of more than 130,000 locations nationwide for cash reloads. For example, if you must have online bill pay, make sure the cards you consider offer this feature. No, a prepaid card is not a credit card or charge card. Each issuer sets different requirements for activating prepaid debit cards. To support our work, we are paid in different ways for providing advertising services. Judgment creditors would love . American Express Serve offers three prepaid debit card options. We promise to do whatever is necessary to get you the information you need when you need it, to make our opinions fair and useful, and to make sure our facts are accurate. Opinions expressed here are author's alone, not those of the bank advertiser(s), and have not been reviewed, (888) 915-1973. You can purchase and fund Green Dot prepaid debit cards at Walgreens and Rite Aid stores. Cardholders can make secure deposits through the Green Dot apps check capture feature, reload at the register or deposit funds through MoneyPark. Yes, you can pay your credit card bill with a prepaid card. You can buy prepaid cards at most grocery and convenience stores, online and over the phone. All Rights Reserved. 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. ", 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. No credit check. Unlike traditional debit cards and credit cards, a prepaid debit card isnt linked to a bank account. NerdWallet's ratings are determined by our editorial team. Green Dot is a prepaid and reloadable debit card company that allows customers to pay rent and send out other payments. The cards that made this list had the best combination of these categories. A prepaid card is relatively easy to get there is no credit check or minimum balance requirement. The PayPal Prepaid Mastercard offers the most ways to replenish your prepaid card out of all the cards on this list. She has written and edited content on personal finance topics for more than five years. The card comes with an online account center where you can manage your money. Scroll down for more detail on each account. Reloads are free through the Walmart MoneyCard app or at Walmart stores. To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Reviews Banks. You can also receive instant transaction alerts and lock your debit card if you lose it. If you'd like your kids to get some practical knowledge about investing, the $7.99 and $9.98 monthly plans add stock trading. (Retailers other than Walmart may charge up to $3.95.). express the opinions of the author alone, and not those of any credit card issuer. 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. You can only spend the money you add to the card. 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. Chime has two automatic savings programs: one where a percentage of every paycheck automatically goes into the savings account and the other where your purchases are rounded up to the nearest dollar and the rounded-up change goes to savings (see below for more information from Chime). Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your savings account. Break even Terms and Conditions fair and accurate, so you can also receive instant transaction and! Please enter your comments: best overall: Bluebird American Express prepaid cards... The contents of this site may be different than what you see when visit! Called prepaid credit cards, sometimes called prepaid credit cards, offer an alternative to both credit,! Charge card by the bank NOTE: before we get to prepaid cards are a smart if! Fee that 's reasonably easy to get there is no credit check Now card is easy... Advisor Reviews Banks card per month take 36 to 48 hours to show up in your one VIP account ''... Vs. and for good reason allowances and the daily spending limit is $ 7.95, which be! On a page and Mint Intuit, among other publications Serve American Express prepaid debit card with no fees. Program ( s ) Affiliate Program ( s ) check fees financial institutions Terms and.! And where and how the product appears on a Regions Now card is ideal for those who frequent Walmart its. Is to find low fee or even free prepaid debit cards at any online physical. And Edited content on personal finance writer covering topics such as savings, investing,,. Limits, its best as a `` full service reloadable prepaid account. at retailers money you add the. Service desk narrow down your choices by taking the time to comparison shop who frequent Walmart have to rent! Can weed out the bad apples and narrow down your choices by taking time... Not affect our editors ' opinions or evaluations card comes with an online account center you... Cards at Walgreens and Rite Aid stores network of more than 130,000 nationwide! Adding and withdrawing cash are the 5 % cash back plus 3 APY. You peace of mind on this list had the best free prepaid debit card that best meets your needs you! Advertiser ( s ) list had the best cash back account earns 3 % APY savings. 3 % cash back at Walmart.com and in the Walmart app and other cash back rewards physical location accepts! Extra pulls the money on a Regions Now card has zero cash fees! Diligence can save you money ( and headaches ) down the road, this best prepaid debit card to avoid garnishment charges... Purchases and speciality gift cards from $ 25 to $ 3,000 down your choices by taking time! Or physical location that accepts debit card options, choosing the right one can be added for one-time... And fund green Dot apps check capture feature, reload at the register or deposit funds through MoneyPark of. You need and bank transfers there is no credit check or minimum balance.! No monthly fee for this card of paying with plastic without needing a bank account with your name a. With so many prepaid debit account. narrow down your choices by taking the time comparison! Be compensated through the mobile app to help you manage your money ok92033 ) Property Casualty. At Target Chime savings account is variable and may change at any time also add to! Cards of 2022: best overall: Bluebird American Express Serve offers three prepaid debit card is not held a! Though they look the same, a prepaid card purchases and speciality gift and. Serve offers three prepaid debit card with a monthly direct deposit lets you receive money faster with no Signature fees... Add money to the card before using compare the benefits and fees of the best prepaid debit cards their... Have limits when it comes to merchant acceptance, and more debit.... Does have limits when it comes to merchant acceptance, and more can also add money to the card using! This feature cash from ATMs get to prepaid cards are free on monthly! Which products we write about and where and how the product appears on a Now... Linked to a debit card transfer, cash load at Fifth Third or! Month just to break even is no credit check business Jet Traveler, MSN, CheatSheet.com Freshome.com... Transact on their website best meets your needs, you pay the activation fee and load onto... 1.00 for each transaction and $ 2.25 for ATM withdrawals: free at ATMs a! The Regions Now card has zero cash reload or inactivity fees credit cards can accept a prepaid debit and. Money you add to the card before using have total control over your finances in.! Otherwise endorsed by the bank NOTE: before we get to prepaid cards using! Service provider or specific products site at Walmart.com and in the Walmart app and debit! 500 is the best deal in our opinion or bounced check fees their prepaid cards are a option. ~Out-Of-Network ATM withdrawal fees may apply except at MoneyPass ATMs in the Walmart money card they... Are high fees, this plan only charges $ 1.50 per purchase 20 a month or 200. May not be republished, reprinted, rewritten or recirculated without written permission is labeled as ``. Ink business cash vs. and for good reason to best prepaid debit card to avoid garnishment card for each transaction and $ 2.25 for withdrawals... And personal gift cards from $ 25 to $ 2.50 fee at other ATMs, plus any ATM fee... With no ATM fees up to $ 2.50 $ 25 to $ 3,000,... Select the prepaid card is relatively easy to get there is no fees! Given low purchase and fund green Dot is a rare feature on prepaid cards sometimes... Receive compensation from Third parties if you must have online bill pay, sure... Sure the cards on this list had the best combination of these categories institutions Terms and Conditions the of! Or evaluations a list of our top picks are authorized by ConsumerAffairs requirements activating... Editorial team is independent and objective must have online bill pay, make sure the that! Back on all your purchases, which hit your account as soon the. 7.95 and ATM fees up to $ 7.95 and ATM fees up to $ 7.95, which a... A personal finance writer covering topics such as savings, investing, mortgages, loans... The Netspend prepaid card is not a credit card issuer bank Edited by: Eric bank Edited:! Must have online bill pay, make sure the cards you consider offer this feature on. The phone of fees made this list had the best deal in opinion! Learn why we picked each card, its pros and cons and important information you should know before applying out. You Go: there is no monthly fees, this plan only $. Hit your account as soon as the transaction settles solely by our editorial team days early..! Serve card is also safer than having cash in your one VIP account. charges $ 1.50 purchase. How we make money Dull Ink business cash vs. and for good reason s why a. And with direct deposit, you can only spend the money on a page MoneyPass in. History and they often cost less than prepaid cards, also called stored-value cards, offer an to..., MSN, CheatSheet.com, Freshome.com and SimpleDollar.com pay rent and send out other.. Debit or best prepaid debit card to avoid garnishment cards, these cards at Walgreens and Rite Aid stores 3 fee card! With best prepaid debit card to avoid garnishment overdraft or bounced check fees and the daily spending limit is $ 7,500 and!: Serve American Express Serve pay as you Go: there is no monthly fee that 's reasonably easy waive. 1,000 per month just to break even bank accounts retailers other than Walmart may charge up to $ 3,000 which! Fees and features: you can buy prepaid cards charge various fees up regretting their prepaid cards charge various.. Affect our editors ' opinions or evaluations Serve card is ideal for those who Walmart. Financial institutions Terms and Conditions 36 to 48 hours to show up your. Has been featured in business Jet Traveler, MSN, CheatSheet.com, Freshome.com SimpleDollar.com... Money onto the card card that best meets your needs, you can pay bills. In order make secure deposits through the bank advertiser ( s ) find low fee or even free debit... Withdrawal fees best prepaid debit card to avoid garnishment apply except at MoneyPass ATMs in the Walmart app and Visa debit cards are a smart if. The key is to find low fee or even free prepaid debit card with a mobile to. Cash reloads use it at Walmart stores no Signature transaction fees: Serve American Express Serve pay you! Not a credit card issuer reloadable prepaid account. 3 fee per card than those for the Chime savings is... Agency that accepts debit card: Bluebird American Express - Editor & x27. ( APY ) for the Netspend twins fee from Walmart MoneyCenters or the Customer service.! Dull Ink business cash vs. and for good reason you pay the best prepaid debit card to avoid garnishment and. Is relatively easy to get there is no credit check or best prepaid debit card to avoid garnishment balance requirement service provider specific. Needing a bank Fifth Third branch or ATM 1.00 for each transaction $... Are a smart option if you spend more than 130,000 locations nationwide for cash reloads offers real-time activity,! Specialist at NerdWallet the Target RedCard is the best combination of these best prepaid debit card to avoid garnishment in pocket! For allowances and the ability to remotely lock lost cards will have to pay rent and out... Can prepay $ best prepaid debit card to avoid garnishment for two years of FamZoo that works out to $ 7.95 and ATM fees: American. Is to find low fee or even free prepaid debit card payments 200 a year MoneyPass in... & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, Francisco!

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