Best prepaid debit cards and alternatives: Summary
| Account/card | Monthly fee | # of free ATMs |
| FamZoo Prepaid Card | $2.50 to $4.33 if prepaid; $5.99 if bill ... | None |
| Fifth Third Access 360° Reloadable Prepa ... | $0-$4 | 50,000+ |
| Greenlight Prepaid Mastercard | $4.99 to $9.98 | None |
| Walmart MoneyCard | $0-$5.94 | None |
Full Answer
What is the best debit card?
How much does a Walmart debit card cost?
How do you get a Walmart prepaid card?
Does Walmart sell debit cards?
Is Walmart prepaid card good?
The Walmart MoneyCard prepaid debit card can be a good value for dedicated Walmart customers. The card, issued by Green Dot Bank, has cash-back rewards for Walmart purchases and free online services.
Which prepaid cards can I load at Walmart?
Cards that allow reloading at the registerWalmart MoneyCard.Green Dot.American Express Serve.PayPal.NetSpend.
How much is a Walmart prepaid debit card?
$1.00Walmart MoneyCard PricingCard Purchase Fee$1.00Monthly Charge*$5.00Direct Deposit ReloadNo feeReload via Walmart check cashingNo feeRapid Reload$3.009 more rows
What is better than NetSpend?
Top Prepaid Debit Cards in 2022: Netspend® All-Access® Account by MetaBank - Best for overdraft protection. Walmart MoneyCard - Best for regular Walmart customers. Brink's Money Prepaid Mastercard - Best for a prepaid debit card with a savings account. American Express Serve® Review - Best for low or no fees.
Can I load a Netspend card at Walmart?
Reload at Walmart At the register: Take your cash and card up to any register for a Rapid Reload. Depending on the location of the Walmart, there may be a small fee to reload. Transfer money: You can transfer money between Netspend card accounts.
How much is it to load Netspend at Walmart?
$3.74Available today in more than 3,800 Walmart stores nationwide, customers can add money to their card at any register for a low price of $3.74.02-Oct-2012
How do you put money on a prepaid debit card?
Arrange for a paycheck or other regular payment to be directly deposited onto the card. Transfer money from a checking account or another prepaid card. Buy a “reload pack” to add a certain amount to your card. Add funds at certain retail locations or at the financial institution that provides the card.01-Sept-2020
Is there a monthly fee for Walmart Money Card?
Fees. There is $1 fee to open a Walmart MoneyCard and a $5.94 monthly fee to keep the account open. The monthly fee is waived when you deposit $1,000 or more into your card each month, excluding person-to-person transfers.29-Jan-2021
Does Green Dot take monthly fee?
Green Dot Card Cons: There is a steep $7.95 monthly fee (waived with deposits of at least $1,000 a month). No free ATM network. There is a $3 ATM fee, in addition to any fees the ATM owner charges. Loading cash on your card at retailers costs up to $5.95.
Can someone else put money on my Walmart Money Card?
Recipients can deposit money to a Walmart MoneyCard account. If the recipient doesn't have a Walmart MoneyCard account, they can get one online and deposit the money you sent to their temporary card number.
What is better Netspend or Chime?
Both the Chime debit card and Netspend® prepaid card seem to have similar features, but what makes Chime a better choice is it has no banking fees that can rack up in the future, unlike Netspend®. Chime is more affordable and more convenient for those who want to save and grow their money.17-Sept-2021
Which debit card is best?
Best Debit Cards in India (2020)HDFC Bank EasyShop Platinum Debit Card.ICICI Bank Coral Debit Card.IDBI Visa Signature Debit Card.Bank of India RuPay Platinum Debit Card.Central Bank of India RuPay Platinum Debit Card.IDFC First Visa Signature Debit Card.SBI Platinum Debit Card.Yes Bank Prosperity Platinum Debit Card.More items...•15-Jan-2020
Which debit card is best for me?
The 5 Best Prepaid Debit Cards of 2022Best Overall, Best for No Monthly Fee: Bluebird by American Express.Best for Cash Reloads: American Express Serve FREE Reloads.Best for Walmart Shoppers: Walmart MoneyCard.Best for Rewards: American Express Serve Cash Back.Best for Tweens/Teens: FamZoo Prepaid Debit Card.
What is a prepaid debit card?
A prepaid debit card has a Visa, Mastercard, or American Express logo on it and it can be used like an ordinary debit card. However, it lets you spend only the money you have chosen to load onto the card.
What are the benefits of Bluebird?
Additional benefits such as check writing, purchase protection, fraud protection, and roadside assistance. A formidable option by all accounts, Bluebird by American Express is a premium entry in the prepaid debit card world. With no monthly fees, versatile card-loading options, roadside and travel assistance, and an easy-to-use smartphone app, ...
Do debit cards have fees?
Prepaid debit cards usually have monthly or per-transaction fees, but this needn’t scare you off: Many suppliers have low fees, and some even charge no fees at all, though they may impose alternate kinds of costs. You can’t avoid all fees in the long run, but you can minimize your costs by scanning payment policies carefully.
Does Bluebird have a monthly fee?
Bluebird by American Express has no monthly fees whatsoever. The Walmart MoneyCard has no fees if you deposit at least $1,000 per month. In general, we find that monthly fees for prepaid debit cards drop as you deposit more funds on them. Still, if you’re looking for the best prepaid debit cards with no monthly fee, Bluebird by American Express should be your top pick.
Is Bluebird a good debit card?
Bluebird by American Express is our top choice among the best prepaid debit cards. Bluebird’s easy sign-up, lack of hidden fees, and versatile loading options all impress us. Extra benefits such as roadside and travel assistance, plus cashback offers at a range of retailers, only solidify its position.
Is Netspend a debit card?
Netspend®’s prepaid Visa card can be quite costly compared to the best prepaid debit cards on the market - unless you deposit $500 or more to qualify for a reduced-fee plan. Netspend’s Refer a Friend feature helps you and your pals earn some extra dollars.
What is a prepaid card?
A prepaid credit card, which is really more akin to a debit card, is a piece of plastic that externally resembles a credit or regular debit card in every way. But behind the scenes, prepaid cards tap the cash you deposit into the card account rather than your credit line or checking account.
Why don't prepaid cards make a dime?
The issuers of prepaid cards don’t make a dime on interest because a cardholder can’t charge purchases on credit. Therefore, issuers must find other ways to make money on these cards, which they do by charging fees.
What is greenlight debit card?
Greenlight is a debit card for kids, managed by parents. Parents set flexible controls and receive real-time alerts while kids monitor their balances, set goals, and learn how to manage money. Receive Mastercard’s Zero Liability Protection. Debit cards are FDIC-insured up to $250,000.
Who is Eric Bank?
A former software engineer, Eric holds an M.B.A. from New York University and an M.S. in finance from DePaul University.
Do prepaid credit cards have cash?
Even the best prepaid credit cards have a limited function — to act as a cash substitute wherever credit or debit cards are accepted. Despite their name, prepaid credit cards are not credit products and do not offer a cardholder the option to finance purchases over time.
Can I get a prepaid card with no credit?
You can obtain prepaid cards whatever your credit history (or lack thereof), which means they are a way for consumers with low or no credit scores to shop with plastic at retail and online venues. Prepaid business credit cards also exist, and provide a safe way for businesses to manage their financial transactions.
Can I overdraft with a prepaid card?
Online shopping with a prepaid card requires you to enter your card number, just as you would for a debit or traditional credit card transaction.
How does a prepaid debit card work?
For prepaid debit cards, you load the card with money when you get it, then use it to make purchases. For regular debit cards, the funds for your payments are taken directly from your checking account as you make payments.
What is greenlight card?
Greenlight stands out for a feature that other prepaid cards lack: store-specific spending controls. Parents can preapprove where their kids spend money, so $300 earmarked for school supplies can only be spent at a campus bookstore, for example. The prepaid card also offers real-time activity alerts, free card-to-card transfers for allowances and the ability to remotely lock lost cards.
What is a famzoo card?
FamZoo is a family-friendly prepaid Mastercard that lets parents become virtual bankers for their kids, even those younger than 13. Four cards can be part of one monthly plan, but more can be added for a one-time $3 fee per card. 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.
Is Chime a debit card?
Chime isn’t a prepaid debit card or a traditional bank account but a free “spending account” in the Visa payment network. This account has many of the same functions as a checking account, but it doesn’t come with paper checks. Through the app, though, you can request that checks be mailed to a recipient, even yourself, for free.
Does Walmart have a cash back card?
The Walmart MoneyCard offers its shoppers up to $75 per year in cash-back rewards: 3% for purchases made at Walmart.com and in the Walmart app, 2% at Walmart fuel stations and 1% at Walmart stores. The app, which gets decent ratings, is required to get fee-free cash reloads at Walmart stores.
What is prepaid debit card?
A prepaid debit card is a card that already has funds on it, so the credit limit is the amount of money left on the card. You don’t have to get approved for a certain limit like you would with a credit card. Instead, you load the amount that you want to be on the card, and that becomes your limit.
How much does a prepaid debit card cost?
Prepaid debit cards vary in costs. Some are free, some charge upfront fees, and others charge monthly fees. You can typically expect to pay from $1 to $9.95 for the upfront card purchase fee. Monthly fees typically go up to $9.95.
What is Premier Fee Advantage?
The Premier Fee Advantage Plan is the best value if you have a direct deposit of $500 or more. You’ll pay $9.95 per month and transactions are included in the plan. What we don't like: Fees can add up quickly. There's no way to avoid some kind of fee—you'll either pay the monthly fee or transaction fees.
Does Chase charge monthly fees?
The card doesn't charge any monthly, annual, or reload fees. You can keep up with your balance on the Chase Mobile App. What we don't like: You can't use this card to make ATM withdrawals. You must load a minimum of $25 from a Chase checking or savings account or a debit card from any financial institution.
What is a prepaid card?
Prepaid cards are a relatively simple way for you to pay for purchases without opening a credit card or bank account. They work similar to a debit card in that you can use a prepaid card to pay bills, set up direct deposit and use mobile check deposit. You’ll even receive the same $250,000 FDIC insurance that protects your deposits ...
Where can I find prepaid cards?
You can often find prepaid cards at checkout lanes when you’re at the supermarket or retailers like Walmart, typically next to gift cards. When you get a prepaid card in-store, you’ll often incur a card opening fee around $5. As a cheaper alternative, opt to get a card online, which is often free.
How much does a PayPal prepaid card cost?
The PayPal Prepaid Mastercard® can cost up to $4.95 to purchase the card ($0 if you get the card online) and charges you $4.95 a month to use the card. You may also incur ATM withdrawal fees of $2.50, check deposit fees ranging from $0 to 5% of the total check amount and a 4% fee on purchases made outside the U.S.
What are the disadvantages of using a prepaid card?
One disadvantage of using a prepaid card is that you can only complete transactions up to the amount you have loaded onto it. If you add $200 to your prepaid card, you can only spend up to $200. Any purchases you attempt to make exceeding $200 will be declined until you load more money onto your card.
How to establish a credit history?
In order to establish a credit history, you need to regularly use a credit card responsibly, paying your bills on time and in full every month. And if you want an easy way to deposit and withdraw money for daily transactions, consider opening a checking account with a linked debit card so you can avoid ATM charges.
Is a prepaid card better than a debit card?
Choosing a prepaid card could be a good choice for you if you have a history of overspending. A prepaid card might be a better alternative than a debit or credit card, as it can force you to stick to a budget by declining purchases that exceed the balance in your account. But make sure it makes financial sense.