Showing posts with label direct deposit. Show all posts
Showing posts with label direct deposit. Show all posts

Monday, October 15, 2012

The Achieve Debit Visa/MasterCard: A Prepaid Credit Card Review

Bancorp Bank offers the Achieve Prepaid Visa Card for customers who want to manage their money. It seems like a relatively new offering and I haven't seen a lot of reviews about it yet.  Here are the features and advantages:

Visa or Mastercard:  Mastercard Debit

Appearance:  Fixed

Withdrawals:  According to the Cardholder agreement, a maximum of eight (8) ATM withdrawals are permitted.  You cannot withdraw more than $300 in one transaction and no more than $600 a day.  You cannot spend more than $2500 a day.

Deposit:  You can add money to your account by direct deposit or by a GreenDot MoneyPak purchase for cash.  You can load a maximum limit of $1000 via cash or $10,000 via direct deposit a day.

Account Management:  You can monitor your account via text/email alerts or on the website www.achievecard.com.

Fees:  $5.95 Monthly Fee if you deposit more than $2,000 a month otherwise the fee is $9.95.  There is a $2.50 ATM Withdrawal fee for non-network ATMs.  $0.95 ATM Balance Inquiry Fee.

For more infomation and the full Cardholder agreement, please go to www.achievecard.com

Friday, October 12, 2012

The Paypower Visa: A Prepaid Credit Card Review

I received one of these cards as a birthday gift and I have had no major problems with it. The Paypower Visa is available online at www.paypower.com.  Here are the features and advantages:

Visa or Mastercard:  Visa Only

Appearance:  Fixed

Withdrawals:  $1.95 Domestic ATM Fee.  $0.50 Domestic ATM Inquiry Fee.  $3.95 Intl ATM Fee.  $0.95 Intl ATM Inquiry Fee.

Deposits:  Direct Deposit is available and encouraged.  You can also add money via Paypower Card Money Transfer, Moneygram, Visa Readylink, or a REloadit Pack purchase.

Account Management:  You can monitor your balance through online banking tools as well as email and text alerts.  

Fees:  $3.95 Retail Purchase Fee.  $5.95 Monthly Maintenance Fee.


More Comparison of Prepaid Credit Cards

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BB&T MoneyAccount Card

BB&T now offers the BB&T MoneyAccount Prepaid Debit Card for customers who need it.  Here are the features:

Visa or Mastercard:  Debit Visa Only

Appearance:  Fixed

Withdrawals:  Free withdrawals and inquiries at BB&T ATMs.  $2.50 Non-BB&T ATM Withdrawal Fee and $1.00 Balance Inquiry Fee

Deposits:  Free deposits/loads at more than 1,800 BB&T financial centers.  Direct Deposit is available.

Account Management: You can monitor your balance through online banking tools as well as email and text alerts

Fees:  Free Activation.  $3/month with a monthly balance under $1000.  $5.00/month otherwise




Introducing the Chase Liquid Card

JP Morgan Chase & Co. have entered the prepaid credit card industry with the Chase Liquid card from Chase Bank. This is a Visa-only debit card that can be used anywhere Visa is accepted. Here are the features and advantages: 
 Withdrawals: Limit of $500/day. You can withdraw cash at any ATM or at any Chase branch. 

Deposits: You can load money by cash or check. The methods are by in person at any Chase bank branch, via any Chase DepositFriendly ATM, via the Chase mobile app or by direct deposit. 

 Account Management: You can monitor your balance online with your mobile app or the Chase website. You can also use email and text.

 Fees: One fee of $4.95 per month. No withdrawal fee at Chase ATMs. 

 Customer Service: They can be contacted via phone or internet.

For more infomation, go to www.chase.com/liquid