Best Reloadable Prepaid Cards With No Monthly Fees

Best Reloadable Prepaid Cards With No Monthly Fees Of 2023

The best reloadable prepaid cards with no fees help you withdraw money easily. This is a list of the best prepaid debit cards for your consideration before getting the most suitable one to meet your needs.

My Key Recommendations

Brinks Prepaid MastercardLearn more
Netspend Visa Gift Debit cardLearn more
Mastercard passLearn more
Starbucks Reward Visa CardLearn more
Wells Fargo Visa DebitLearn more
American Express Serve Visa PrepaidLearn more
Chase Liquid Prepaid Visa CardLearn more
WeSwapLearn more
BluebirdLearn more
Movo Virtual Visa CardLearn more
FamZoo Prepaid CardLearn more
Walmart MoneyCardLearn more
Green Dot Visa Prepaid CardsLearn more
Kroger rewards debit cardLearn more

The Best Prepaid Debit Card Reloadable Without Monthly Fee

Brinks Prepaid Mastercard

Brinks has been in business since 1859. Because it has been in the money market for so long, the company has a lot of customer service experience.

The card application is quick, and you can get it quickly if you use direct deposit instead of paper checks. Because a prepaid card is not the same as a credit card, there are no late fees or interest charges.

You can manage your prepaid account through a smartphone app, making card use extremely convenient. Above all, the card is FDIC-insured, so your money is secure.

Netspend Visa Gift Debit card

  • Netspend Direct Deposit allows you to be paid faster than a paper check.
  • Because this is not a credit card, there are no late fees or interest charges.
  • There are no overdraft fees on debit card purchases made with your card.
  • Use the NetSpend Mobile App to manage your account and receive text message or email alerts while on the go (Message & data rates may apply).
  • MetaBank®, FDIC-insured, issues the card. It is accepted anywhere Visa cards are accepted. For more information, click “Get My Card.”

This Netspend Visa Prepaid Card is available in two plan options: monthly and pay-as-you-go. You’ll only pay $1.00 for each signature transaction and $2.00 for each PIN transaction if you use the pay-as-you-go plan. Deposits are free of charge with the card.

You can use this card at Dollar Store or Dollar general website

Mastercard Pass

The primary advantages of using the digital payment service include convenience, security, and the opportunity to receive special incentives when shopping.

Convenience. You don’t need to carry all of your cards with you because Masterpass stores all of your card and shipping information in one place. “The main advantage of Masterpass and other digital wallets,” Dangelmaier says, “is that the shopper does not have to manually reenter any billing, shipping, or payment details every time they want to make a purchase.”

Keep in mind, however, that not all online retailers accept Masterpass during the checkout process.

Security. There is no way to completely prevent identity theft, but Masterpass makes it difficult for fraudsters to obtain your payment information.

The card number is not stored with online retailers when you register your card with Masterpass. Thieves won’t be able to use your card to make purchases if someone takes over your account or your login information is stolen in a data breach.

Every time you use Masterpass, you must enter a password or PIN. A thief cannot use cards to make payments in the app unless they know your password or PIN.

Finally, each purchase contains a randomly generated number that is unique to that transaction, making it impossible for thieves who gain access to transaction data to reuse the number.

Incentives. Some retailers that accept Masterpass will provide special offers to Masterpass users. These offers are in addition to any credit card rewards you may have earned when making the purchase.

Starbucks Reward Visa Prepaid Card Account

Pros

  • The Starbucks® Rewards Visa® Prepaid Card offers flexibility with a maximum balance of $10,000.
  • You are not limited to making purchases at Starbucks with this card. In fact, you can use it wherever Visa is accepted as a payment method.
  • There are no monthly or activation fees with this card, and if you’re a frequent Starbucks customer, you can link your card to your Starbucks rewards account.

Cons

  • This card does not allow you to withdraw money from an ATM.
  • If you use the card outside of the United States, you will be charged a 3% fee, so we do not recommend this prepaid card for international travel.

Paypal Prepaid Mastercard® For Earning Cash Back

  • Transfer funds from your PayPal account to your account.
  • You can earn cash back and personalized offers.
  • Direct Deposit allows you to be paid faster than a paper check.
  • The Bancorp Bank, Member FDIC, issued the card. It is accepted anywhere Debit Mastercard is accepted.
  • Click PayPal Prepaid Mastercard® for more information and program details, as well as to request a Card.

Wells Fargo Visa Debit

As of June 2022, Wells Fargo had the second-most branches in the United States, with locations in 39 states and Washington, D.C. However, the bank has been heavily scrutinized by regulators in recent years for opening bogus accounts and other violations. While there are no attractive yields on offer, Wells Fargo’s checking account ranks highly in our analysis.

Pros

  • Fees on checking accounts are easily avoided.
  • Wells Fargo has eliminated NSF fees and now offers Clear Access Banking, which has no overdraft charge.
  • Early direct deposit is available from Wells Fargo.

Cons

  • Like many large banks, the yields on certificates of deposit and savings accounts are low.
  • Customers with checking accounts must pay a $2.50 out-of-network ATM withdrawal fee.
  • If a specified balance is not maintained, the money market account charges a higher monthly fee.
  • On most of its checking accounts, Wells Fargo still charges a $35 overdraft fee.

American Express Serve Visa Prepaid Debit Account For Cash Back Rewards

One of the most important benefits you’ll miss out on if you avoid credit cards is rewards. However, with the American Express Serve® Cash Back, you’ll earn 1% cash back on every purchase, which is applied to your account and can be used for future purchases.

  • A prepaid debit card that can be reloaded and used anywhere. Cards from American Express® are accepted.
  • With free direct deposit, you can receive your paycheck up to two days sooner.
  • Purchase Protection, which can help protect eligible purchases made with the card against accidental damage and theft for up to 120 days from the date of purchase, can help you shop with added confidence.
  • Over 30,000 MoneyPass® ATMs offer free ATM access. Adding cash at Walmart store is free, as is transferring money to other Bluebird Accountholders.
  • With Roadside Assistance, you can call us in an emergency for coordination and assistance to help you get back on the road.
  • There are no monthly or foreign transaction fees.

The Bluebird® American Express® Prepaid Debit Account is about as low-cost as it gets, with no monthly fee, transaction fees, or direct deposit fees.

Direct deposit, mobile check capture, and check or cash reloads at Walmart are also free. In addition, cardholders have free ATM access at thousands of MoneyPass® ATMs across the country.

Chase Liquid Prepaid Visa Card

The Chase card is simple to activate. Paper checks, direct deposits, and bank-to-bank transfers are all available at any Chase Bank branch. To get the card faster, direct deposit is the best way to load it.

You pay no fees for PIN and signature transactions, but you must pay a $4.95 monthly fee, unlike others. Other advantages include free use of Chase Bank ATMs across the country.

There are no fees for withdrawals, and adding funds to the card is free. This means that having the card is very cost effective because it saves you money on unnecessary purchases.

You can access your account on the go by downloading the Chase Mobile app from the Google Play store or the App Store.

WeSwap

You can load the card free using paper checks or direct deposits, according to the card issuer. Remember that using direct deposits when applying for the card will help you get it faster.

There are no monthly fees, and you can withdraw funds worth $200 or more for free. Surprisingly, the card supports over 18 different currencies.

The company charges 1% of the amount converted when converting currencies to those used locally. WeSwap MasterCard is ideal for travelers because it eliminates the need for currency conversions.

You can perform the swap using their mobile app, and the 1% charge may take up to 7 days to reflect. If you require immediate swapping, the company will charge 2% of the total amount to convert.

Bluebird American Express

American Express does not charge a monthly fee or a loading fee for their card. Furthermore, you will not be charged for annual fees, and the activation fee is zero.

Bluebird card is inexpensive to obtain and use because there are few expenses both before and after receiving it.

You can recharge the card through direct deposit, mobile check capture, debit card transfer, or any Walmart location. Because of its flexibility and convenience, it is one of the most widely used cards.

Furthermore, using this card to access ATM services is free across the country. Finally, there are no credit checks or minimum balance requirements.

Movo Virtual Prepaid Visa

The Movo Virtual prepaid Visa card is also inexpensive to obtain because there are no activation fees to pay. Furthermore, the issuer does not charge you for transactions.

If you do not use your card for three months, the service provider will charge you $4.95 per month until you resume card use.

You can use Movo Virtual to buy goods online or withdraw money from any Visa-accepting ATM. It is free to withdraw cash from any ATM on the Visa Plus Alliance network.

If you use ATMs on other systems, the issuer will charge you $2 for each withdrawal request. You may also incur additional ATM fees.

FamZoo Prepaid Card

FamZoo is a family-friendly prepaid Mastercard that allows parents to act as virtual bankers for their children, even if they are under the age of 13. The monthly plan includes four cards for free, but additional cards can be added for a one-time fee of $3 per card. You can send allowances, split payments, view balances and activity across all cards, and set up text and email alerts from the website or app.

Fees and features: Prepaying $59.99 for two years of FamZoo works out to $2.50 per month. Other prepayment plans provide a discount as well. If you do not prepay, the monthly subscription fee is $5.99. There are no fees associated with activation or inactivity.

Purchases are free of charge.

ATM withdrawals: There is no charge from FamZoo, but ATM withdrawals will cost you: Because FamZoo does not own any ATMs, third-party ATM operator fees may apply.

Direct deposit; bank transfer; PayPal, Apple Pay, Venmo, and Square Cash transfer; PopMoney transfer (fee); add cash at 7-Eleven and Walgreens locations that participate in the Reload @ the Register, MoneyPak, and Mastercard rePower networks (about $5 retail fee).

Other features include the ability to manage multiple accounts under one plan, free and instant FamZoo card-to-card transfers, the ability to lock and unlock FamZoo cards, and budgeting tools.

Negatives: There is no free ATM network; the maximum monthly fee is higher than average; and there is no mobile check deposit feature.

Walmart MoneyCard

There are some fees associated with the Walmart Moneycard, including the following:

  • A $1 card purchase fee applies.
  • You’ll pay a monthly usage fee of $5.94, which is waived if you set up a qualifying direct deposit.
  • There is no fee to add cash using the in-store app at Walmart; however, adding cash at the register costs $3, and other locations costs up to $5.95.
  • Fees may apply for ATM withdrawals, teller cash withdrawals, overdrafts, foreign transactions, and other services.
  • You can also use the Walmart MoneyCard to bank. Overdraft protection, early paycheck access via deposit, and bill pay are some of its banking features. You can also earn 2% APY on any savings you have.

Green Dot Visa Prepaid Cards

Green Dot Prepaid Cards has a monthly fee of $7.95 for users who deposit less than $1,000 per month on the card. If you deposit more than $1,000 per month, there are no monthly fees. ATM withdrawals costs $3, and reloading cash onto the card costs around $6.

Green Dot Prepaid Cards also provide the following services:

  • Deposit directly is free.
  • ACH transfers are free.
  • Mobile check deposit is free.
  • Free mobile application
  • Withdrawals are free at certain stores.

Using this card at Dollar tree to get a lot of rewards.

Kroger Rewards Debit Card

The Kroger REWARDS Prepaid Visa® Card includes features that most prepaid card users expect, such as a quick application process, direct deposit, and access to a large network of ATMs. It also has these advantages.

  • Program of rewards. Every time you use your prepaid card at a participating Kroger store, you’ll earn points. You’ll get a $5 electronic coupon for every 1,000 points you earn. When you use your card to buy gas at Kroger gas stations, you’ll receive a 5 cent per gallon discount.
  • App that is integrated. On the Kroger Rewards Prepaid app, you can manage your card, view your transaction history, and set savings goals. There is also a Kroger Pay integration, which allows you to use the app to pay for in-store purchases.
  • Bonus for deposits. Kroger is currently offering a $10 bonus for enrolling in deposit.
  • Works globally. Taking off? You can use the prepaid card abroad; however, you should be aware of the international transaction fees.
  • Daily withdrawals are high. The daily ATM withdrawal limit is $1,220, and the cash load limit is $5,000 — both of which are higher than the limits on most prepaid cards.

Video for Reloadable Prepaid Debit Card with no monthly fee

What Is A Prepaid Debit Card?

A prepaid debit card may be used as a budgeting tool or as a full-fledged replacement for a bank account — and the best reloadable debit cards provide convenience while charging minimal fees.

Prepaid cards are simple to obtain. They are available in retail stores (for a fee), and some can be ordered online. There’s no credit check required, and they are frequently available even if you are unable to open an account due to a poor banking history. Unlike credit cards, these must be loaded with funds before use.

Some companies also provide mobile-optimized banking accounts that do not require a spotless banking or credit history — and they are frequently less expensive than prepaid cards. Continue reading to learn about these low-cost alternatives.

Prepaid Debit Cards Versus Traditional Debit

A bank account is not required to obtain a prepaid debit card, but it is required to obtain a regular debit card that is linked to your checking account. When you get a prepaid card, you load it with money and then use your prepaid card to make purchases. When you use a regular debit card, the funds for your payments are deducted directly from your checking account.

How Do Prepaid Cards Work?

Although prepaid debit cards share many similarities with banks, they differ in a few key ways that you should be aware of before using them.

The primary distinction between prepaid cards and bank cards is that prepaid cards are not typically linked to a specific bank account. Prepaid cards are self-contained accounts that can be loaded with funds in a variety of ways.

Banks, on the other hand, are typically linked to a single bank account or user and can only be used to withdraw funds from that account. When you open a checking or savings account with a bank, you may be given a debit card that you can use to make purchases and withdraw funds from the account at an ATM.

While you can frequently link your checking or savings account to your prepaid card account as a reloading method, the bank that issues the prepaid card is not required, and some prepaid cards do not require a bank account at all.

After you sign up for a prepaid debit card, you must fund it. While a bank transfer is the most common method, some prepaid cards also allow you to add funds via direct deposit, check deposits, or by using a debit card or cash at a retail location.

You can usually begin using your prepaid card as soon as the funds clear your account. Once you’ve depleted the preloaded funds (i.e., reached a $0 balance), you’ll need to reload your reloadable prepaid debit cards to continue making purchases.

When it comes to using a prepaid card, it works just like any other debit card. You can use your prepaid card anywhere the card’s network is accepted.

Insert your prepaid card into the chip reader if it has the newer chip technology; for magnetic stripe cards, swipe the card through the reader with the stripe down.

You may be asked to select a debit or credit transaction depending on the terminal. Choosing a debit transaction usually results in a PIN verification, whereas choosing a credit transaction usually results in a signature verification.

Can Prepaid Cards Build Or Establish Credit?

People use prepaid debit cards for a variety of reasons, often as a simple way to get their paychecks when direct deposit is required by their employer. But prepaid cards are also a tool used as an alternative to credit cards by consumers struggling with bad credit.

If so, perhaps the most important thing to realize about prepaid debit cards before using them is that they cannot be used to establish or build your credit history.

Picture of accounts unlikely to get credit

In fact, a prepaid debit card account generally has nothing to do with your credit report at all. While this is convenient for some people — it means you don’t have to submit to a credit inquiry to open a prepaid card — it can be a double-edged sword when trying to increase your score.

Basically, your credit history is used by lenders and other creditors to determine your credit risk, or how likely you are to repay the money you borrow. As such, credit reports typically only include accounts based on lines of credit, i.e. agreements where money is borrowed.

While there is a push to include so-called alternative data sources (rental history, checking accounts, etc.) in consumer credit reports, only accounts associated with lines of credit are currently reported. This includes term accounts, such as personal loans and home mortgages, as well as revolving credit accounts such as credit cards.

If you want a “prepaid credit card” that you can build credit with, consider a secured credit card. Your down payment determines your credit limit and your payments are reported to the credit bureaus.

Manage Your Money To Your Reloadable Prepaid Cards With No Monthly Fees

While it’s often hard to avoid charges, sometimes a little research is all it takes to find the best prepaid debit card for you. For example, with a wide selection of prepaid cards at your fingertips, it’s possible to find cheap and free options for almost any financial need.

But remember that while prepaid cards can be a convenient way to manage your money, they are not a perfect solution; in most cases, you pay some kind of fee, whether it’s a monthly fee or a fee per transaction. Be sure to read the cardholder agreement so you know exactly what fees the card will charge.

You should also keep in mind that you’re not building up credit while using a prepaid debit card, so if improving your credit score is your goal, you probably want a credit card. There are some good options, even for those with bad credit, as long as you manage your card responsibly.

What Is The Difference Between Prepaid Cards And Debit Cards

It’s important to note that prepaid cards are different from debit cards. Although both debit and prepaid cards allow you to make purchases, the primary distinction between the two is that a typical debit card is linked to a bank account.

There is also a distinction between prepaid and credit cards. When applying for any type of credit card, it is critical to read the fine print to ensure that you are not signing up for something you do not need or want.

Furthermore, despite some similarities, prepaid cards are distinct from gift cards. Gift cards can only be used to make purchases at specific locations. A prepaid card allows you to buy anything from any location. Although they are not the same as gift cards, they still make excellent gifts, especially if you want to give someone the freedom to shop wherever they want.

My Ideal Tips
For each card, we looked at four categories: general fees and features, purchases and withdrawals, reload fees and options, and other services like bill pay and savings accounts. The cards on this list had the best combination of these attributes.

Some of the cards in this roundup have nonbank program managers who collaborate with banks. Regardless, all of the cards’ issuers are banks that are insured by the Federal Deposit Insurance Corp. Overdraft fees are not charged on any of the cards listed above.

The great prepaid cards are without paying fees without having to worry about them. Many prepaid cards come with fees, but they are usually very reasonable. I think you can also avoid paying fees by using one that doesn’t charge them.

The best prepaid card has no monthly maintenance fees and works best for people who want to avoid third-party fees.

FAQs

While Chime does not accept ATM deposits, you can deposit cash into your Chime Checking Account at over 8,500 Walgreens and Duane Reade locations for free.

$3.95 Visa ReadyLink Cash Load This fee is levied by an unaffiliated third party and is subject to change at any time. $3.95 Western Union Cash Load This fee is levied by a separate third party and is subject to change without notice.

The majority of Visa prepaid cards allow you to load up to $15,000 into the card account. When you spend some of your current balance on a prepaid card, you can continue to add money to your account. However, you cannot exceed the $15,000 account balance limit in either scenario.

I hope that now you can have your own decision for choosing a suitable prepaid card. If you are still wondering about any issues, ask us via the comment box. Please keep following us on www.powerpacplus.org.

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