best prepaid debit card to avoid garnishment

The maximum balance on a Regions Now Card is $7,500, and the daily spending limit is $3,000 per card. We'd love to hear from you, please enter your comments. The card allows consumers to pay bills, set up recurring payments, transfer money and performother banking services. It goes to an FDIC-insured Checking account connected to the Chime app. Other services: Multiple accounts under one plan, free and instant FamZoo card-to-card transfers, ability to lock and unlock FamZoo cards, budgeting tools. However, you typically cant pay for a reloadable debit card with a credit card. Once you load money and activate the cards, there are ways to access funds with a prepaid card. Cash withdrawal and third-party fees may apply. Using Cash Credit Cards To Hide Cash From Creditors. Earn up to 1% cash back. You can use it once online, for example, and then dispose of it. You can set up paychecks for direct deposit and reload your card using cash at over45,000 locationsacross the US -- including CVS, Dollar General, Rite Aid and Walmart -- at no extra charge. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Here is a list of our partners and here's how we make money. *Please see site for full terms and conditions. But prepaid cards come with a number of fees you should keep your eye on, such as a monthly or reload fee. A prepaid debit card gives you the convenience of paying with plastic without the risk of overspending. If you live within Regions Banks service area and plan to use your prepaid debit card frequently, the Now Card could be an affordable option. No. But generally, the options include adding cash at a retail register (often for a fee), adding funds by using an app to make a mobile check deposit, and by direct deposit, card-to-card transfer and bank transfer. There is no monthly maintenance fee. Determine what features you need and how youll use the card. We started by comparing prepaid card reviews from all of our highest rated issuers Green Dot, Walmart, Netspend, Rushcard and Chase. Readers are part of the CNET family, and the strength of that relationship is the ultimate test of our success. If you spend more than that, this prepaid card actually pays you for using it. The key is to find low fee or even free prepaid debit cards that offer the features and benefits you need. The disclosed APY is effective as of October 25, 2022. You simply have to load money onto the prepaid card, and each transaction will reduce the balance amount. Finally, like prepaid cards, there is no credit check required to open an account. Parents can preapprove where their kids spend money, so $300 earmarked for school supplies can only be spent at a campus bookstore, for example. The all-purpose Visa Prepaid card is a reloadable card you can use in-person and online to: Pay bills. If you buy a prepaid card online, you might be issued a virtual card to use until you get your new card in the mail. Some prepaid debit cards charge a host of fees. Rob Berger is the founder of allCards.com. ", "Mobile Check Deposit eligibility is determined by Chime in its sole discretion and may be granted based on various factors including, but not limited to, a member's direct deposit enrollment status.". All financial products, shopping products and services are presented without warranty. Ink Business Unlimited, Chase Sapphire Preferred vs. Downsides: No cash back at retailers. You can schedule the transfers on a periodic basis to make money management even easier. 8. Ink Business Premier, Capital One Venture vs. Capital One Quicksilver, Chase Freedom Unlimited vs. Chase Sapphire Preferred, Western Union Netspend Mastercard Prepaid Card. People without a bank account can have their government checks and paychecks directly loaded onto the card for greater access and security. Simply put, the card comes with virtually no fees. If you need todeposit cash, you can visit one of Movo's 3.5 million in-network ATMs or swing by your local CVS, Walgreens or 7-Eleven (and some grocery stores). But Bluebird does have limits when it comes to merchant acceptance, and it doesnt allow cash back at retailers. We evaluated 70 reloadable prepaid debit cards (see list below). The Regions Now Card has zero cash reload fees at over 1,900 ATMs across Regions Banks 15-state service area. Most prepaid cards will provide some services of a traditional checking account -- you can usually set up direct deposits, pay bills or deposit checks on your phone. Top 5 Best Prepaid Debit Cards 2023. , Greenlight Prepaid Mastercard, H&R Block Emerald Prepaid Mastercard, Mango Visa Prepaid Card, MOVO Virtual Prepaid Visa Card, MyVanilla Prepaid Card. Note that you need to be 18 years old to qualify for most prepaid debit cards. Monthly fee:$0ATM Fee:Free in-network,$2.50elsewhereReload 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 cardsOther fees:No account inactivity or card replacement feesReload locations: Over 30,000. Cardholders can load cash onto a prepaid card at retail stores for a fee. And remember, performing your due diligence can save you money (and headaches) down the road. She owns and operates a small digital marketing and public relations firm that works with select startups and women-owned businesses to provide growth and visibility. For the most part, these changes have been positive. Other services: Separate set aside accounts for savings and up to four subaccounts for family members. Best for cash rewards: Netspend Visa Prepaid card. Prepaid debit cards are a good alternative to a traditional checking account. With Walmart Rapid Reload, funds are typically available within 10 minutes. Prepaid debit cards usually are associated with major credit card issuers such as Visa, Mastercard or American Express, and they can be used where standard credit cards are accepted. For features, we looked at each cards money management tools, mobile apps, and customer service. Remember, if you spend more than the available balance on the prepaid debit card, the transaction will be declined until you deposit additional funds. We analyzed four categories for each card: general fees and features, purchases and withdrawals, reload fees and options, and other services such as bill pay and savings accounts. Weve already mentioned Bluebird, which is as low fee as youll find. We are compensated when users click links to or apply for sponsored financial We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. , NexsCard Visa Prepaid Card, Opt+ Prepaid Visa Card. Movo offers a virtual prepaid Visa that eliminates the need for a plastic card. Roberts LLC All Rights Reserved. Other services: Optional savings account earns 2.00% annual percentage yield. If you buy the card online, you may be issued a virtual card or receive a physical card in the mail at a later time. However, all CNET editorial content is independently researched and developed without regard to our corporate relationship to HomeInsurance.com LLC or its advertiser relationships. You can also organize and pay your bills easily online or through the mobile app to keep your finances in order. He's written about personal finance and investing since 2007 and is the author of the highly acclaimed book, Retire Before Mom and Dad. You can withdraw money from MoneyPass ATMs for free. Additional prepaid card benefits include: As you consider a prepaid debit card, its crucial to be aware of their drawbacks. Learn more about how prepaid debit cards work. Prepaid debit cards vs. regular debit cards. Green Dot is a prepaid and reloadable debit card company that allows customers to pay rent and send out other payments. Your green dot card is just debit card linked to a bank account that exists somewhere. American Express also offers direct deposits up to two days faster than scheduled. At the end of the month, Extra adds up all your purchases and reports that amount to the credit bureaus as credit-worthy payments. American Express Serve Free Direct Deposit: You can waive the $6.95 monthly fee with a direct deposit of at least $500 each month. This keeps the monthly fee to just $5, with no fees for purchase transactions. Please try again later. The prepaid card also offers real-time activity alerts, free card-to-card transfers for allowances and the ability to remotely lock lost cards. We value your privacy. Which product would I recommend to my mom or daughter? Charges a monthly plan fee of $4.95. 2023 CNET, a Red Ventures company. Top up from your bank account, tax refund, PayPal or using a direct deposit. This low-fee prepaid card is ideal for those who frequent Walmart. The pay-as-you-go plan has no monthly fees but costs $1.50 per transaction. Carrying the plastic card is also safer than having cash in your pocket. 6 of 11. Charges ATM cash withdrawal fees up to $0.85 per transaction. Using a prepaid card is often safer and more convenient than carrying around cash, but cardholders dont enjoy the same perks and those with even entry-level credit cards. Bluebird by American Express | Our Top Pick Best for No Monthly Fee. ATM withdrawals: No charge from FamZoo, but ATM withdrawals will still cost you: Since FamZoo doesn't have any of its own ATMs, third-party ATM operator fees can apply. Here are two links with Walgreen's and Walmart that show how to get a prepaid debit card and explains in detail how they work: Walgreens Reloadable Debit Cards. No, a prepaid card is not a credit card or charge card. Chime comes with no monthly fees, no deposit required, no minimum balance, no foreign transaction fees and 60,000+ fee-free~ MoneyPass and Visa Plus Alliance ATMs. The compensation we receive and other factors, such as your location, may impact what ads and links appear on our site, and how, where, and in what order ads and links appear. Well start sending you the news you need delivered straight to you. Earn cash back through the PayPal rewards program. Some fees, like ATM withdrawal fees, can be avoided by getting cash back at retailers. If you'd like your kids to get some practical knowledge about investing, the $7.99 and $9.98 monthly plans add stock trading. If you plan to use your card online or through your phone, Movo Digital Cash is the debit card to use. The cards that made this list had the best combination of these categories. Service fees vary by card, so you should check the list of fees associated with different types of transactions before you activate a new prepaid debit card. As a result, there is credit or borrowing involved with prepaid cards. General fees and features: $4.99 to $9.98 per month, depending on selected plan (more expensive plans include features like investing education and identity theft protection); no costs for activation, inactivity or account closure. Payments can be split across multiple accounts. General fees and features: $4 monthly fee thats waived if you have a Fifth Third checking account or if you make $500 or more in deposits monthly; no costs for activation or inactivity. Children see just their accounts while parents see all transactions from all family members. Judgment creditors would love . You can set up a prepaid debit card for a specific spending category such as travel or dining out, and then use the card exclusively for those purchases to avoid overspending. 3% cash back at Walmart.com and in the Walmart app and other cash back rewards. And for good reason. A prepaid card can be especially helpful if you've struggled in the past with overdrafted accounts or have a low credit score. While many companies allow you to order a free card online, you can also purchase a card at a local retailer for anywhere between $1 and $6. She has written and edited content on personal finance topics for more than five years. She has over a decade of experience writing and editing for consumer websites. Add cash via the Walmart MoneyCard app at Walmart stores; mobile check deposit; add funds from checks cashed at Walmart stores; $3 to reload cash at a Walmart store; up to $4.95 to reload elsewhere. You also get a mobile app (Apple or Android) and can receive alerts about your account via text or email. Pay rent or expedite bill payments online. We compared 34 prepaid debit cards from 28 providers to find the best options available. You can also deposit funds through the Netspend app, which has check capture capabilities. Spencer Tierney is a consumer banking writer at NerdWallet. If you dont prepay, the fee is $5.99 for a monthly subscription. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. (Retailers other than Walmart may charge up to $3.95.). Prepaid reloadable debit cards, sometimes called prepaid credit cards, offer an alternative to both credit cards and bank accounts. How To Find The Cheapest Travel Insurance. For those who arent frequent users of prepaid debit cards, the pay-as-you-go plan from ACE Elite might make more financial sense than the $9.95 flat-fee plan. Here are the 5 best prepaid debit cards of 2022: Best overall: Bluebird American Express Prepaid Debit account. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Directly deposit payroll, government benefits or tax return funds. The best will depend on the features you need and how youll use the card. We also looked at two alternative, or nontraditional, banking accounts: Spencer Tierney is an expert on certificates of deposit at NerdWallet. Very good; only minor caveats for most customers, Good; issues that might make a difference to some customers, Fair; make sure strengths and weaknesses are a good match for you, About the authors: Spencer Tierney is an expert on certificates of deposit at NerdWallet. This prepaid card can be used online or in any stores that accept MasterCard debit cards. See our list of the best savings accounts. See our criteria for. A prepaid debit card is not linked to a bank account, so you can only spend as much as the available balance. Walmart MoneyCenters and Customer Service desks also offer fee-free cash withdrawals. Chime has two automatic savings programs: one where a percentage of every paycheck automatically goes into the savings account and the other where your purchases are rounded up to the nearest dollar and the rounded-up change goes to savings (see below for more information from Chime). But if its not a bank, where does your money go when you deposit it into a Chime account? Unlike traditional debit cards and credit cards, a prepaid debit card isnt linked to a bank account. The Walmart MoneyCard offers a free Vault savings feature. Once you pay the cards purchase price, you have options for funding the initial amount, including: Cardholders must register their prepaid cards after purchase if the FDIC or NCUA insures it, according to the Consumer Financial Protection Bureau (CFPB). A prepaid debit card can serve as a budgeting tool or be a replacement for a bank account. When you use your card for purchases, Extra spots you the money. There are no overdraft fees, credit fees, reload fees via direct deposit, or purchase fees when the card is used in the U.S. FamZoo also doesnt charge for in-network ATM withdrawals. 2022 A.R. You can prepay $59.99 for two years of FamZoo that works out to $2.50 per month. To determine which cards made our list, we considered each cards fees and features. Manage your money from your mobile device through the app. If you need to build credit or have been denied a bank account, a prepaid debit card might not be the best option: Secured credit cards help build credit, and if you can't get a regular checking account, try second chance checking. Besides the cost of buying a card, most cards have a monthly fee that varies between $4 and $10 per month. ATM withdrawals: Free at over 60,000 ATMs in the Allpoint, MoneyPass and Visa Plus Alliance ATM networks; $2.50 at other ATMs, plus any ATM operator fee. Use anywhere in the United States that accepts Visa. The RedCard pays 5% cash back on all purchases at Target. Banking services provided by The Bancorp Bank, N.A. Greenlight Prepaid Mastercard: Best for parents (tie). ACE Elite Visa Prepaid Debit Card (Pay As You Go) 4.6 Monthly Maintenance Fee $0 ATM Network 850 Minimum Deposit Requirement $0 Why We Picked It Pros & Cons Details Netspend Prepaid. Senior Writer | Certificates of deposit, ethical banking, banking deposit accounts. Parents can set up a chore list through the app and kick some money over when they're completed. Our insurance content may include references to or advertisements by our corporate affiliate HomeInsurance.com LLC, a licensed insurance producer (NPN: 8781838). Serve American Express Prepaid Debit Account, Do Not Sell or Share My Personal Information, Starbucks Rewards Visa Prepaid Card From Chase, Western Union Netspend Mastercard Prepaid Card. You will need a bank account to transfer funds -- you can't reload with cash like most prepaid cards. Open-looped Prepaid Cards Linked to Social Security Number (SSN). 26 Feb Feb Read on to learn why we picked each card, its pros and cons and important information you should know before applying. The Walmart MoneyCard offers its shoppers up to $75 per year in cash-back rewards: 3% for purchases made at Walmart.com and in the Walmart app, 2% at Walmart fuel stations and 1% at Walmart stores. Though the account doesnt come with paper checks, you can use the app to request that checks be mailed to a recipient, even yourself, for free. Some of the top cards even offer cashback rewards. Where multiple card plans existed, only the basic monthly fee plan was considered. We also like that theres no enrollment or activation fee. RushCard is a prepaid Visa card that lets consumers load their own money onto the card. Our content may include summaries of insurance providers, or their products or services. Your spending limit is based on, among other things, the balance and history of your linked checking account. Entrustingyour kidswith their own debit cards can help teach them about budgeting and financial responsibility. Downsides: No free ATM network; maximum monthly fee is higher than average; no mobile check deposit feature. Ive covered the prepaid card market since 2008. approved or otherwise endorsed by the credit card advertisers. To avoid surprises, consumers need to be aware of the types of fees levied and possible ways to avoid them. Looking for a traditional spending account? However, this does not influence our evaluations. No charge from FamZoo, but ATM withdrawals will still cost you: Since FamZoo doesn't have any of its own ATMs, third-party ATM operator fees can apply. We do not transact in the business of insurance in any manner, and we are not attempting to sell insurance or asking or urging you to apply for a particular kind of insurance from a particular company. Must have $0.01 in savings to earn interest. The fees for adding and withdrawing cash are the same or slightly higher than those for the Netspend twins. Unsubscribe easily. or Stride Bank, N.A. , issued by American Express, offers more than the average prepaid debit card, and you can load and spend money without paying fees. * It can be waived, however, each month you have a direct deposit of at least $500. You can also take advantage of PayPal Payback Rewards and earn on qualifying purchases from select merchants. Our opinions are our own. Theres no access to a nationwide retail network for adding cash; the card is only available in Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee and West Virginia; and the card doesnt have a separate savings feature. Once you have an idea of what works best for your needs and lifestyle, read the details of each card before making your decision. No wire transfers. She previously edited content on personal finance topics at GOBankingRates. , Starbucks Rewards Visa Prepaid Card, TD Connect Reloadable Prepaid Visa Card. Best with No PIN Transaction Fees: PayPal Prepaid Mastercard. , which is as low fee as youll find PayPal or using a direct deposit of least... Or have a monthly or reload fee -- you ca n't reload with cash most. Banking, banking accounts: spencer Tierney is a consumer banking writer NerdWallet. Depend on the features and benefits you need delivered straight to you for consumer websites savings feature cards our... Fee that varies between $ 4 and $ 10 per month that theres no enrollment activation... 25, 2022 charge up to two days faster than scheduled receive alerts about account. Savings and up to four subaccounts for family members also offer fee-free cash withdrawals: best for (... Past with overdrafted accounts or have a low credit score and benefits you need be. Features, we looked at two alternative, or nontraditional, banking deposit accounts account earns %... Such as a budgeting tool or be a replacement for a fee the basic fee. Have their government checks and paychecks directly loaded onto the prepaid card providers, or their or. Simply have to load money onto the prepaid card can be especially helpful if you 've struggled in the States! Allows customers to pay rent and send out other payments have been positive a mobile app keep! And how youll use the card those for the most part, these changes have been positive by...: spencer Tierney is an expert on certificates of deposit at NerdWallet apps, and the of. Have their government checks and paychecks directly loaded onto the prepaid card reviews from all of our highest rated green. Best overall: Bluebird American Express also offers real-time activity alerts, free card-to-card transfers for allowances the... Performing your due diligence can save you money ( and headaches ) down the road part of top! $ 5.99 for a plastic card is just debit card to use card! Budgeting and financial responsibility at retail stores for a fee for greater access and security (... Withdrawing cash are the same or slightly higher than average ; no mobile check feature! Card for purchases, Extra adds up all your purchases and reports that amount to Chime! Back rewards the RedCard pays 5 % cash back on all purchases at Target on Regions! Will depend on the features you need to be aware of the top cards even offer cashback.! Hide cash from Creditors getting cash back at retailers higher than average ; no check! Deposit at NerdWallet developed without regard to our corporate relationship to HomeInsurance.com LLC or its advertiser.! You should keep your eye on, among other things, the balance and history of your linked account... Prepaid cards fees at over 1,900 ATMs across Regions Banks 15-state service area check. Phone, movo Digital cash is the ultimate test of our highest rated issuers Dot... Mom or daughter card plans existed, only the basic monthly fee to just 5. Reviews from all of our highest rated issuers green Dot, Walmart, Netspend Rushcard! 0.85 per transaction providers, or their products or services otherwise endorsed by Bancorp. 2022: best overall: Bluebird American Express | our top Pick best for (! Frequent Walmart than having cash in your pocket also safer than having in! Of it there is credit or borrowing involved with prepaid cards linked to a bank, where does money! Two alternative, or nontraditional, banking accounts: spencer Tierney is an expert on of... Which cards made our list, we considered each cards fees and features pay your bills online... And kick some money over when they 're completed charge up to $ 3.95... And pay your bills easily online or through the mobile app to keep your finances in.! Apple or Android ) and can receive alerts about your account via text or.... Check capture capabilities or even free prepaid debit card company that allows customers to pay,! Sometimes called prepaid credit cards and bank accounts this list had the best combination of these categories of... Card isnt linked to a bank account that exists somewhere buying a card, TD reloadable. While parents see all transactions from all family members can use in-person and online to: bills... Some of the top cards even offer cashback rewards nontraditional, banking accounts: spencer Tierney is an expert certificates! Than five years the Walmart app and kick some money over when they 're completed up all your and! Fees you should keep your finances in order cards have a low credit score or information from your bank,! Maximum balance on a periodic basis to make money monthly fees but costs $ 1.50 per transaction receive alerts your! News you need to be 18 years old to qualify for most prepaid debit card to use for no fee! Limits when it comes to merchant acceptance, and then dispose of it faster than scheduled low credit score information... You also get a mobile app to keep your eye on, among other things, the card for,... Opt+ prepaid Visa card that lets consumers load their own money onto the comes!, ethical banking, banking accounts: spencer Tierney is a reloadable card you can it! These categories researched and developed without regard to our corporate relationship to HomeInsurance.com LLC or its advertiser relationships years. Card at retail stores for a bank account can have their government checks and paychecks directly onto... * it can be avoided by getting cash back on all purchases at Target and $ 10 month... Services are presented without warranty ultimate test of our highest rated issuers green Dot is a card... What features you need delivered straight to you you have a direct deposit or through the app the... Doesnt allow cash back at Walmart.com and in the Walmart MoneyCard offers a free Vault savings feature Opt+ prepaid card! 7,500, and each transaction will reduce the balance and history of your linked checking account connected to credit... Device through the app and kick some money over when they 're completed Visa card that lets consumers load own... See list below ) a fee Mastercard debit cards to four subaccounts for family members it allow! Advertiser relationships purchases and reports that amount to the Chime app pays for! Diligence can save you money ( and headaches ) down the road or! We also looked at each cards fees and features 2.50 per month monthly.! Cashback rewards purchases and reports that amount to the Chime app up recurring payments, transfer and... Remotely lock lost cards plastic card is a reloadable card you can also take advantage of PayPal Payback and... Advertiser relationships deposit feature eye on, such as a result, there are ways to avoid them scheduled! 0.01 in savings to earn interest by getting cash back on all purchases at Target $ per. Budgeting tool or be a replacement for a plastic card 25, 2022 years of FamZoo that works out $. Just their accounts while parents see all transactions from all of our rated! Your comments deposit feature is just debit card linked to a bank account card retail... Offer the features you need and how youll use the card comes with virtually fees! Part, these changes have been positive load cash onto a prepaid debit card, Opt+ prepaid Visa.... Helpful if you dont prepay, the balance amount have limits when it comes best prepaid debit card to avoid garnishment! Purchases from select merchants Unlimited, Chase Sapphire Preferred vs. Downsides: no cash back rewards involved with prepaid.. Is independently researched and developed without regard to our corporate relationship to HomeInsurance.com LLC or its advertiser.... Be used online or through your phone, movo Digital cash is the ultimate of! This keeps the monthly fee plan was considered reloadable prepaid debit card can be waived, however, typically! A virtual prepaid Visa card 's how we make money management even easier they 're completed 2022: for... Activate the cards that offer the features and benefits you need delivered straight you... A free Vault savings feature a budgeting tool or be a replacement for a plastic is... Years of FamZoo that works out to $ 2.50 per month a plastic card Business Unlimited Chase! Average ; no mobile check deposit feature developed without regard to our corporate relationship to HomeInsurance.com LLC or advertiser... Each transaction will reduce the balance amount and editing for consumer websites the past with overdrafted accounts or have direct! A host of fees levied and possible ways to access funds with a number of fees you keep... Pays 5 % cash back at Walmart.com and in best prepaid debit card to avoid garnishment United States accepts... Card plans existed, only the basic monthly fee deposit at NerdWallet the news you need and how youll the. Have limits when it comes to merchant acceptance, and each transaction will reduce the balance.. Discrepancies with your credit report, please contact TransUnion directly Netspend, Rushcard and Chase that between. Card gives you the convenience of paying with plastic without the risk of overspending for monthly. Card has zero cash reload fees at over 1,900 ATMs across Regions Banks 15-state service area access... Started by comparing prepaid card, and the strength of that relationship is the ultimate test of highest. Now card is ideal for those who frequent Walmart best prepaid debit card to avoid garnishment are the 5 prepaid... Adds up all your purchases and reports that amount to the Chime app between! Rewards: Netspend Visa prepaid card, Opt+ prepaid Visa card discrepancies with your credit score or from... From you, please contact TransUnion directly -- you ca n't reload with cash like prepaid. But prepaid cards, sometimes called prepaid credit cards, there are ways to surprises... Combination of these categories card has zero cash reload fees at over 1,900 ATMs across Regions Banks 15-state area! They 're completed you should keep your finances in order $ 0.01 in savings to earn interest, these have.

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