For April 2022, the best prepaid debit cards

For April 2022, the best prepaid debit cards ...

One item, called a prepaid debit card, is then available for payment. Unlike regular debit cards, you don't need to have a bank account to purchase one.

Prepaid debit cards do not require credit checks, which may be helpful for someone who cannot access a credit card or open a bank account. Besides, a prepaid debit card offers many of the same benefits you'd get from a, such as the possibility to receive direct deposit and pay bills.

All these conveniences come with upfront fees, which you'll want to look into before opting for this payment method. We rounded up the best prepaid debit cards with the lowest fees and the most features. Below, we'll walk you through several frequently asked questions about prepaid cards.

The best overall prepaid debit card

Monthly fee: $6.95ATM Fee: Free at MoneyPass ATMs or $2.50 elsewhereReload fee: $0Cash reload limits: $20 to $500Exemple fees: Card purchase is $1.50 at retail stores or free if ordered onlineReload locations

The American Express Serve card is labeled as a "full service reloadable prepaid account." At no extra charge, you may set up paychecks for direct deposit and reload your card using cash over the United States, including CVS, Dollar General, Rite Aid, and Walmart. You may also use your credit card to keep your finances in order. Lastly, you may register your card to protect your funds against fraudulent charges.

The Best Virtual prepaid debit card

NoneCash reload limits: Two deposits per day (up to $4,000) and no more than four deposits per rolling 30-day period (up to $8,000)Other fees: Purchase a physical Cash Card for $2.95Reload locations: 3,5 million in-network ATMs; participating retailers

Movo is a virtual prepaid Visa that eliminates the need for a plastic card. You'll receive a Mastercard number that you can add to your digital wallet for payment and deposits on the phone. Movo also allows you to convert and transfer as cash anytime. If you need to, you can swing by one of Movo's 3.5 million in-network ATMs, including Walgreens, or 7-Eleven (and some grocery stores).

Best low-fee prepaid debit card

Free in-network and elsewhereReload 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 cardsIn addition to fees, there are no account inactivity or card replacement fees available at locations across the country.

The Bluebird by American Express's prepaid debit card has the lowest fees on this list. You can replenish your card at a Walmart location and stick with the MoneyPass ATM network, which includes 30,000 locations, to avoid many of the charges other cards typically charge. And once you've verified your email address, you can pay bills and schedule recurring payments.

The best prepaid debit card for reload options

Balance inquiries are $0.50, and withdrawals are $2.50 eachReload fee: Up to $3.95Cash reload limits: Over 130,000 Welcome bonus: $$$$$4Welcome bonus value: $40

The PayPal Prepaid Mastercard is one of the most effective methods to replenish your prepaid card out of all of the cards on this list. Direct deposits, reload at over 130,000 worldwide, or PayPal transfers for free. It's a good choice for small-business owners who receive PayPal payments and need another way to cash out their funds, but you don't need a PayPal account to use this card.

The best kids' prepaid debit card

FreeReload fee: N/ACash reload limits: N/AOther fees: Custom-design card fee for $9.99, card replacement $3.50Reload locations

Children of all ages may get access to the Greenlight debit card and can help with budgeting and financial responsibility. Parents may set up a chore list through the app and kick some money over when funds are received. In the event your children are out with friends and need some cash in a pinch, you may not reload with cash as much as most prepaid cards.

The $7.99 and $9.98 monthly plans add stock trading. Don't worry, you may approve trades first. It's really cool to get notifications that your child wants to purchase Starbucks shares instead of a loaf.

For rewards, the best prepaid debit card

$2.50 reload limit for card purchases for onlineReload fees: $1.50 per online or store purchase Reload rates: Over 45,000 people in the United States have been charged a monthly $7.95ATM fee.

The Serve American Express Prepaid Debit Account helps you earn cash back for purchases you would be making anyway. This is a true rarity for a prepaid card, which hits your account as soon as the transaction settles. However, you may not redeem the rewards as actual cash during ATM withdrawals, but you may apply your cash back balance to your next in-store or online purchase.

FAQs

How do prepaid debit cards work?

Prepaid debit cards are usually associated with major credit card issuers, such as Visa, Mastercard, and American Express. These are not all credit cards, but you may reload them online or at a retailer. However, funds you add to the card are available right away for spending. Usually, if you try to spend more than your available balance, the card will be denied.

Most prepaid cards include several benefits you'd expect from a checking account: you may pay bills, receive direct deposits, transfer funds, withdraw funds at ATMs, and deposit cash. However, these are inexpensive cards that should be kept an eye on, such as a monthly or reload fee.

What is the difference between a prepaid debit card and a traditional debit card?

Any purchases made via your debit card will be withdrawn from your bank account. If the balance is low, you'll have to reload the card by adding cash at a participating retailer or transferring money to the card, if it is permitted.

How much are they cost for prepaid debit cards?

The price of prepaid debit cards is varied, but it can range from $1 to $6. Most cards have a monthly fee that differs from the cost of purchasing a card. Other fees include reload charges, which can vary from $6 to $2.50 per transaction.

Is a prepaid debit card appropriate for me?

Prepaid debit cards are a good alternative to traditional debit cards. They are also a useful budgeting tool if you want to control your spending or when you'd like your kids to have a own card to learn how to manage money. You may create a prepaid debit card for a specific spending category such as travel or dining out, and then use it exclusively for those purchases.

  • Serve American Express Prepaid Debit Account
  • Movo Virtual Prepaid Visa Card
  • Bluebird by American Express
  • PayPal Prepaid Mastercard
  • Greenlight Debit Card
  • Serve American Express Prepaid Debit Account
  • Walmart MoneyCard
  • Starbucks Rewards Visa Prepaid Card From Chase
  • MyVanilla Prepaid Visa Card
  • Brink's Prepaid Mastercard
  • Western Union Netspend Mastercard Prepaid Card
  • Control Prepaid Mastercard
  • AAA MemberPay Visa Prepaid Card
  • CUMONEY Visa Everyday Spend Prepaid Card
  • Cashpass Visa Prepaid Card
  • Commerce Bank mySpending Card
  • Netspend Prepaid Mastercard
  • Netspend Visa Prepaid Card
  • smiONE Visa Prepaid Card
  • The Mango Prepaid Mastercard
  • BusyKid Visa Prepaid Spend Debit Card
  • ACE Elite Visa Prepaid Debit Card
  • FamZoo Prepaid Mastercard
  • PNC SmartAccess Prepaid Visa Card
  • Green Dot Reloadable Prepaid Visa Card

The editorial content on this page is based solely on objective, independent reviews by our writers. It is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to our products or services.

The editorial content on this page is based solely on objective, independent assessments by our authors and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to our partners.

You may also like: