Find answers on prepaid debit cards

Prepaid debit cards have become a great alternative for consumers who want to use the independent form of payment method that is not linked to their checking or savings account. It is also a great alternative for those who are don't have a bank account or don't want an account. Though prepaid cards are considered to be a great alternative, consumers are apprehensive towards the monthly fees they charge. Read further to know more about the monthly fees and ways you can avoid them.

Answered By Connor Marsh | 2 years ago
  • Q: How can I compare different prepaid debit cards?

    Though few cards waive off the monthly maintenance fees if you load a certain amount via direct deposit, there are still other fees that they charge, which would include an ATM fees or activation fees, or over-the-counter withdrawal fees, etc. You can compare cards on these areas and choose the one you find more feasible.

  • Q: How do I choose the best prepaid card for myself?

    The best way to choose a prepaid card would be by comparing many available options and checking the fees amount and the kinds of fees each card charges you. You can consider opting for the one that waives off the maintenance fees if you load a certain amount and charges $0 when you withdraw from  the designated ATMs.

  • Q: What are some of the prepaid debit cards available with no monthly fees?

    Some cards waive off the monthly maintenance fees if you load a certain amount via direct deposit. American Express Serve Rewards, Kiaku Visa Prepaid card, Visa prepaid card, Mango money cards and Green Dot cards are few among many options that you can look for.

  • Q: What are the best prepaid cards available?

    Some of the best prepaid cards would be the ones that have little to no fees when it comes to monthly maintenance and transaction fees. Most prepaid card companies do not charge a withdrawal fees when withdrawn from their own ATM. Hence, choosing the one that has many ATMs can be helpful.

  • Q: What are the other fees prepaid cards have apart from monthly fees?

    Apart from the monthly fees, prepaid cards also have a charge for calling customer service, balance inquiry, reloading the card, card activation, and other such actions. Basically, any normal use of a prepaid cards is chargeable as fees. But you can exercise many options by cards that have different offers for you to save your fees money.

  • Q: What are the usual monthly fees charged by prepaid debit cards?

    Usually the monthly charge, aka monthly maintenance fees start from $1 up-to $5.95. Some prepaid cards also charge a monthly fees of $12 and in some cities certain prepaid cards charge $0. These charges vary from company to company and are also based on the other schemes and offers they have for you.

  • Q: What is the difference between prepaid debit cards and debit cards?

    Unlike debit cards, a prepaid debit card or prepaid card does not require the holder to have a bank account. Debit cards are linked to bank accounts (checking accounts) and in prepaid card, you load the amount before you start using them.

  • Q: What is the loading amount you can add to exercise maintenance waive off option?

    The loading amount to waive off the maintenance fees differ from card to card. Usually the loading amount starts from approximately $750 to $1000. The prepaid cards also require you to deposit the amount via direct deposit.

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