What Are Prepaid Debit Cards
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.
Prepaid cards are easy to get. Theres no credit check, and theyre often available even if you cant get a bank account because of a bad banking history. Unlike with a credit card, you load funds onto prepaid cards before use.
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. Skip ahead to read about these low-fee alternatives.
Comparison Of The Top Reloadable Prepaid Cards
Reloadable prepaid cards are sold in Meijer, Albertsons, Safeway, Food Lion and Hy-Vee as well as many other grocery stores, often times near a wide selection of gift cards. See the chart below for a side-by-side comparison of the some of the most popular reloadable prepaid cards available.
|Top Reloadable Prepaid Cards|
How To Reload Moneycard With Check Deposit
You can deposit checks into your Walmart MoneyCard account using the Mobile App. The Walmart MoneyCard accepts all these in U.S. dollars, including:
- Personal checks written out to you
- Commercial preprinted checks issued by a U.S. business to you such as:
- Payroll checks
Select DEPOSIT and then DEPOSIT A CHECK.
Make sure the check is made out to you
You sign the back of the check and write for mobile deposit only above your signature
The app will walk you through the rest.
Once you deposit the check, the funds will become available within 5 business days.
There is no fee to deposit checks to your MoneyCard account using the mobile app.
However, once you deposit a check through the mobile app, the transaction cannot be canceled and you cannot cash that check anywhere else.
Its best to keep your check in a safe place until the money is in your account before destroying it in case it is needed for verification purposes.
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Benefits Of Reloading Your Balance
- Set aside a budget for shopping on Amazon, always stay within your limit, and keep track of how much you’ve spent
- When using the balance to shop on Amazon.ca, your smaller purchases–like Kindle eBooks–can be consolidated into one line on your credit card bill
- Easily cash in the remaining balance of your pre-paid cards for shopping on Amazon and
- Reload your balance regularly to save up for a big purchase on Amazon.
Starbucks Rewards Visa Prepaid Card
With a maximum balance of $10,000, you will enjoy the flexibility of the Starbucks Rewards Visa Prepaid Card. With this card, you are not limited to making purchases at Starbucks. In fact, you can use it anywhere that accepts Visa as a payment method. This card does not have any monthly or activation fees, and if youre an avid Starbucks drinker, you can link your card to your Starbucks rewards account. Unfortunately, the downside to this card is that you cannot withdraw money from an ATM. You will also see a 3% fee if you use the card outside of the United States, so we dont recommend this prepaid card for travel purposes abroad.
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Green Dot Visa Debit Card
Manage your money 24/7 and track your spending!
Conveniently send money nationwide, pay bills, and shop online or in-store everywhere Visa debit is accepted in the U.S.
- Get your pay up to 2 days early and your government benefits up to 4 days early 1
- NO monthly maintenance fee when you direct deposit $500 or more in the previous monthly period, otherwise $7.95 per month
- No minimum balance required
- Use the Vault feature to set aside cash for a rainy day or a specific goal 2
Must be 18 or older to purchase a Green Dot® product. Activation, online access, mobile number and identity verification are required to open an account and access all features.
1 Direct deposit early availability depends on timing of payors payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period.
2 Money in the Vault cannot be spent on purchases or cash withdrawals and does not earn interest. Card balance limits apply.
Prepaid Cards Vs Gift Cards: An Overview
Prepaid cards and gift cards are both pieces of plastic that can be used to make purchases. They make popular presents as well: A versatile way to give a recipient the funds to buy whatever they like that seems safer and a touch classier than a wad of cash, and more convenient than a personal check. The biggest difference between the two reflects their permanence: prepaid cards can be reloaded and used indefinitely, while gift cards can generally only be used until the dollar amount on them is exhausted.
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Getting Started With Visa Reloadable Prepaid Card
Visa Prepaid cards are easy to use and reloadable, which means you can add funds onto the card at any time!
These Cards are great for every day spending such as coffees, groceries and online shopping. They are also ideal to give to younger children as an allowance card or for school field trips.
With Visa Reloadable Prepaid cards, you are protected under Visa’s Zero Liability policy 1 and the cards are secure and convenient.
Which Reloadable Prepaid Card Is Right For You
Although most reloadable prepaid cards work similarly, each has various fees and features associated with it. In order to pick the card that is right for you, youll first need to think about how you intend to use the card. Here are some questions to think about before selecting a card:
How do you intend to use the reloadable prepaid card? Will it be your primary money management tool, a complement to your existing bank accounts or is it simply a way to give spending money to your kids? The more you intend to use the card, the more likely you are to want access to the full range of features so it might be worth paying a higher monthly fee to get the individual services for free.
How many transactions do you anticipate making each month? If you plan to use the card frequently, then a card that costs more but offers cash back rewards may ultimately save you money. If you only plan to use the card a couple of times a month such as when you want to make a safe online purchase, then a product with a low entry cost may be best.
Do you need cash back? Cash can typically be obtained via an ATM, from a bank teller or as cash back after making a purchase Each card has different rules and potential fees associated with each method. If you anticipate needing cash back frequently, then look for a card that will give you access to your money as inexpensively as possibleeven if that means paying a higher monthly fee.
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How Do Prepaid Cards Work
The first step to using a prepaid card that youve acquired is to load money onto it. While some cards may let you choose the amount of money that you put on the prepaid card, other cards may require you to load the card with a specific amount. Once youve done this, you can use the card to make purchases at any location, both in-person and online, that accepts cards as a method of payment. When youve used all of the money on the card, reloadable prepaid cards will allow you to put more money on them so that you can continue making purchases.
Want To Get A Visa Gift Card
A smart gift anyone can appreciate.
The Visa Gift card is an ideal choice for birthdays, holidays, weddings, and suits all your gift-giving needs. It’s also perfect for people of all ages. You decide how much money to give they decide where to spend it.
You will receive important information regarding the Visa Gift card such as how to activate and use the card. This information should be given to the recipient of the card.
A Simple Secure And Convenient Way To Manage Your Money
MyVanilla gives you spending flexibility all over the world while keeping your account safely and conveniently at your fingertips. Use MyVanilla to make money management simple by helping you track spending, monitor expenses, and more!
- Add funds easily with Direct Deposit and Vanilla Reload.
- Set text alerts to stay updated on account balances and transactions.
- Transfer funds securely between MyVanilla Card accounts.
With MyVanilla, you have a money management tool in your pocket, spending power in your hand, and a connection to your account at your fingertips. Use at millions of locations worldwide, online and in-store.
The 9 Best Reloadable Prepaid Cards With No Fees
If you are looking for a similar yet effective alternative to a debit card, a prepaid card may be your solution. Prepaid cards allow you to load money onto them to make any purchases at any location. Essentially, they function similarly to debit cards, without having any connection to a bank account. This makes prepaid cards a great option if you have poor banking history. Prepaid cards are handy, but you must be careful. Some of them come with fees that can add up and cause you to spend more money. Below, weve listed the top nine reloadable prepaid cards with no fees. We also get into the specifics of prepaid cards, how they work, and what benefits you can receive from using them. Use this detailed guide to pick the right prepaid card for you.
What We’ll Cover
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How To Reload Your Amazon Gift Card:
What Can I Use Prepaid Cards For
Essentially, you can use a prepaid card to purchase anything that accepts a card as a method of payment. Prepaid cards are also great for emergency uses and vacations. If you are traveling far from home and dont want to risk losing your debit or credit card, you can bring a prepaid card to make purchases. Prepaid cards are also a good tool for children. If you have a teenager who doesnt quite need a bank account yet, you might consider giving them a prepaid card that they can use for necessary purchases. Or, if you give your children allowances, you can also load their allotted allowance money onto the card. Prepaid cards offer plenty of benefits, and you can truly use them how you deem fit. Further below, we talk more about how you can benefit from using a prepaid card.
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How To Cancel A Prepaid Card
When you decide that you no longer want your prepaid card, whether that’s because you’re opting for credit or debit, you’ll need to take some action. You can’t just forget about the card because you could still incur monthly fees.
In order to cancel a prepaid card, you’ll first need to withdraw all of the money currently in your account. You can typically withdraw money at an ATM, through a transfer to another account or by requesting a check. Once your balance reaches $0, you can call your card issuer to cancel your account.
Fifth Thirds Access 360 Prepaid Debit Card
The Fifth Thirds Access 360° Prepaid Debit Card is a great prepaid debit card that gives you the option to go without paying fees, but you must be careful. This prepaid card does come with a $4 monthly fee, but you have two options to waive that fee: open a checking account with Fifth Third, or deposit a minimum of $500 a month onto the card. However, there are no activation or inactivity fees to worry about. One of the coolest features about this card is that you are allowed to have joint owners. This makes it a great card for parents and children.
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How Do You Add Money To Reloadable Prepaid Cards
After the initial purchase of a reloadable prepaid card, money can be added several ways including direct deposit from a paycheck or benefits account, transfer from a checking or savings account or mobile deposit of a check. You can also reload the card with cash in a couple of different ways, depending on the brand you choose.
To add cash to a reloadable prepaid card, either take the card to a participating retailer that can swipe it and add money directly to the balance or buy a Reloadit card for a two-step process. If you opt for the later, purchase a Reloadit pack for as little as $20 or as much as $500 plus the purchase fee of $3.95. After the Reloadit pack is activated, go online to move the money from your Reloadit Safe to your prepaid account.
Though the second option requires a few extra steps, it gives you flexibility and can save you time and money if you reload often. For example, with a Reloadit pack, you can add cash to a card that is not in your possession , transfer only part of the money to your prepaid card or transfer money from one Reloadit Safe to multiple prepaid cards. You can even schedule transfers for a later date. Thats not bad for a flat fee of $3.95, especially when you consider that you can transfer money from your safe throughout the month as needed at no additional charge.
Gift Reloadable Prepaid Carding!
~Shelley Hunter, Gift Card Girlfriend
How To Set Up Your Reloadable Debit Card
Select your card
Browse through the various reloadable debit cards available at Walgreens and decide which card is right for you.
Purchase and register your card
Visit any of our > 8,000& plus locations to purchase and load your card. Funds on temporary cards can be used for purchases. All cards come with instructions to register. To register your card, you will need to provide your name, address, date of birth and Social Security number. Once registered and your information is successfully veried, you will typically receive a personalized card in the mail approximately 710 business days.
Reload your card
Add funds to your card with direct deposit or with cash in store at any of our convenient locations.
Use your card
Use your reloadable debit card to shop, get cash at ATMs, pay bills online or shop in stores anywhere Visa, MasterCard or American Express cards are accepted.
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How To Reload Your Walmart Moneycard Summary
We hope this post on how to reload your Walmart MoneyCard was helpful.
If you have further questions about the Walmart MoneyCard, please let us know in the comments section below.
When You Should Get A Prepaid Card
Prepaid cards are a good option for parents who want to give their kids spending money without handing them cash that could potentially get lost. You can request a new prepaid card if it goes missing, and many card issuers allow you to lock your card to prevent unauthorized use.
And since you can incur overdraft fees with a debit card or quickly run up a balance on a credit card, a prepaid card can help you limit your kids spending to the amount loaded on the 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. Even though you’re saving on potential interest charges or overdraft fees, the monthly fees on a prepaid card can get very expensive, too. If you decide that using a prepaid card makes it easier for you to manage your finances, make sure to sign up for a no-fee card.
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How To Load The Green Dot From A Visa Card
Green Dot debit card accounts are prepaid. The account must be loaded with funds for activation and usage. Green Dot accounts can be loaded and reloaded in a number of ways. The most common method of loading is via Green Dot MoneyPak. MoneyPaks are used as a method of transfer to move funds from another source to the Green Dot account. MoneyPaks can be purchased at numerous Green Dot MoneyPak locations. MoneyPaks can also be loaded from a Visa or any other credit card with the Star, Pulse, or Nyce logo, as long as you withdraw the funds from the card account.
Withdraw the funds for transfer to the MoneyPak from your Visa card. If you have a Visa debit card with a PIN, you can withdraw the funds from any ATM. However, with a Visa credit card account, you will need to contact your card service provider to request a cash advance.
Go to a Green Dot MoneyPak load location in your area. Green Dot MoneyPaks can be purchased from the prepaid and/or gift card section at any Walgreens, Walmart, CVS Pharmacy, Rite Aid, 7-Eleven or Kmart.
Purchase a Green Dot MoneyPak with the cash advance. Tell the cashier the amount you’d like to load to the MoneyPak for transfer to your Green Dot account. The total will include the amount you want to add to the Green Dot card, along with the reload fee of $4.95. You will receive a receipt with a confirmation number and Green Dot loading number so the funds can be transferred successfully.