Quizlet Nbe Arts Itemized Listing Prepared by the Bank

+ Summary: All-time prepaid debit cards

Bluebird by American Express : Best for avoiding fees.
Fifth Third Access 360° Reloadable Prepaid Card : Best for ATM withdrawals.
FamZoo Prepaid Bill of fare : Best for parents (necktie).
Greenlight Prepaid Mastercard : Best for parents (tie).
Walmart MoneyCard : All-time for shopping at Walmart.
Chime : Best inexpensive prepaid alternative.

What are prepaid debit cards?

A prepaid debit card tin serve as a budgeting tool or an all-out replacement for a bank business relationship — and the best prepaid cards offer convenience while charging few fees.

Prepaid cards are easy to get. Prepaid cards are sold at retail stores (normally for a fee) and some tin exist ordered online. There's no credit check, and they're frequently bachelor even if yous tin't become a depository financial institution account because of a bad banking history. Dissimilar with a credit menu, you load funds onto prepaid cards before use.

Some companies also offer mobile-optimized banking accounts that don't require a squeaky-clean cyberbanking or credit history — and they often price less than prepaid cards. Skip ahead to read about these low-fee alternatives.

Prepaid debit cards vs. regular debit cards

Yous don't need a bank business relationship to get a prepaid debit bill of fare, simply information technology's a requirement for a regular debit card, which is linked to your checking account. For prepaid debit cards, you load the card with coin when yous become it, then use it to make purchases. For regular debit cards, the funds for your payments are taken directly from your checking account as you brand payments.

Nerdy tip: If you need to build credit or have been denied a banking company account, a prepaid debit carte du jour might not be the best choice: Secured credit cards assist build credit , and if you can't go a regular checking business relationship, try second chance checking . These accounts provide another shot at mainstream cyberbanking and its perks.

Why trust NerdWallet: Our writers and editors follow strict editorial guidelines to brand sure our coverage is fair and accurate, and so yous tin can choose the fiscal accounts that piece of work best for you. Encounter our criteria for evaluating banks and credit unions .

Here are our peak prepaid debit cards based on fees and features. Scroll down for more than item on each account.

Best FOR AVOIDING FEES
NerdWallet rating Read review	Bluebird by American Express No monthly fees; no fee for greenbacks reloads at Walmart. Gratis ATM network. Great budgeting features.
Best FOR ATM WITHDRAWALS
NerdWallet rating Read review	Fifth Tertiary Access 360° Reloadable Prepaid Card One of the biggest gratis ATM networks among prepaid cards. $4 monthly fee that'southward reasonably easy to waive.
BEST FOR PARENTS
	FamZoo Multiple subaccounts for kids. Costs $2.fifty-$five.99 per calendar month.
	Greenlight Multiple subaccounts for kids. Shop-specific spending controls. Monthly fee from $four.99.
BEST FOR SHOPPING AT WALMART
	Walmart MoneyCard 3% cash dorsum at Walmart.com and in the Walmart app and other cash back rewards. Multiple subaccounts for family unit members. 2% APY on upwards to $1,000 in savings account.
Best CHEAP ALTERNATIVE TO PREPAID
NerdWallet rating Larn More than at Chime, Deposits are FDIC Insured	Chime No monthly fees. Has a savings component.

Bluebird past American Express

Best for avoiding fees

Bluebird , issued past American Express, offers more than the average prepaid debit carte, and you tin can load and spend money without paying fees.

Only Bluebird does accept limits when information technology comes to merchant credence, and it doesn't let cash back at retailers.

General fees and features: No monthly fees and no costs for online activation or inactivity.
Purchases: No fees.
ATM withdrawals: Gratis at ATMs in the MoneyPass network; $2.l fee at other ATMs, plus any ATM operator fee.
Reload methods: Direct deposit, debit menu transfer, card-to-card transfer, mobile cheque eolith (with a third-party fee for instant processing), cash load at Walmart or other stores. (Retailers other than Walmart may charge upward to $3.95.)
Other services: Split up "set aside" accounts for savings and up to 4 subaccounts for family members.
Downsides: No cash back at retailers. The bill of fare is issued by American Express, which isn't accepted everywhere that Visa and Mastercard are.

Fifth Third Access 360° Reloadable Prepaid Card

Best for ATM withdrawals

Fifth Third'southward Admission 360° prepaid debit card takes part in Allpoint's massive U.Due south. network and has access to over fifty,000 ATMs. This card is bachelor in the 11 states where in that location are Fifth Third branches, which is the merely place you tin get the menu.

General fees and features: $4 monthly fee that's waived if you have a Fifth Tertiary checking account or if yous brand $500 or more in deposits monthly; no costs for activation or inactivity.
Purchases: No fees.
ATM withdrawals: Free at 5th Third ATMs and ATMs in the Allpoint ATM network; free at Presto! ATMs inside Publix stores and at vii-Eleven ATMs listed on the bank's website or mobile app; $2.75 fee at other ATMs, plus any ATM operator fees.
Reload methods: Straight deposit, banking concern transfer, greenbacks load at Fifth Third branch or ATM.
Other services: Carte du jour tin can have articulation owners.
Downsides: There's 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 W Virginia; and the carte doesn't have a carve up savings characteristic.

FamZoo Prepaid Carte

Best for parents (necktie)

FamZoo is a family-friendly prepaid Mastercard that lets parents become virtual bankers for their kids, fifty-fifty those younger than 13. Four cards are costless on the monthly program, only more can exist added for a erstwhile $3 fee per card. From the website or app, you can send allowances, split payments, see balances and activity across all cards and set up text and email alerts.

General fees and features: You can prepay $59.99 for two years of FamZoo — that works out to $2.50 per month. Other prepayment plans also offering a discount. If you lot don't prepay, the fee is $v.99 for a monthly subscription. In that location are no costs for activation or inactivity.
Purchases: No fees.
ATM withdrawals: No accuse from FamZoo, merely ATM withdrawals will still toll you lot: Since FamZoo doesn't have whatsoever of its own ATMs, third-party ATM operator fees tin use.
Reload methods : Directly eolith; bank transfer; PayPal, Apple Pay, Venmo and Square Cash transfer; PopMoney transfer (for a fee); add cash at retailers like seven-Eleven and Walgreens that participate in the Reload @ the Annals, MoneyPak and Mastercard rePower networks (about $5 retail fee).
Other services: Multiple accounts under one programme, free and instant FamZoo card-to-card transfers, ability to lock and unlock FamZoo cards, budgeting tools.
Downsides: No free ATM network; maximum monthly fee is higher than average; no mobile check deposit feature.

» Looking for a traditional spending account? Bank check out NerdWallet'south all-time costless checking accounts.

Greenlight Prepaid Mastercard

Best for parents (tie)

Greenlight stands out for a characteristic that other prepaid cards lack: store-specific spending controls. Parents tin can preapprove where their kids spend coin, so $300 earmarked for school supplies can only be spent at a campus bookstore, for example. The prepaid carte likewise offers real-time activity alerts, free carte-to-card transfers for allowances and the ability to remotely lock lost cards.

A Greenlight account tin can have up to v subaccounts, then it works for a family. Given low purchase and withdrawal limits, information technology's best equally a family budgeting tool instead of a banking company account replacement.

General fees and features: $iv.99 to $9.98 per month, depending on selected programme (more expensive plans include features like investing education and identity theft protection); no costs for activation, inactivity or account closure.
Purchases: No fees.
ATM withdrawals: No fees from Greenlight, but ATM withdrawals volition cost you: Since Greenlight doesn't have any of its own ATMs, third-party ATM operator fees may apply.
Reload methods: Direct deposit, debit card transfer, bank transfer.
Other services: Up to 5 subaccounts, no international ATM withdrawal fee.
Downsides: No checks or cash can be deposited; no gratis ATM network; the daily purchase maximum per family business relationship is $1,500 and daily ATM withdrawal limit is $100, which are much lower than boilerplate for prepaid cards.

Walmart MoneyCard

Best for shopping at Walmart

The Walmart MoneyCard offers its shoppers up to $75 per year in greenbacks-back rewards: 3% for purchases made at Walmart.com and in the Walmart app, ii% at Walmart fuel stations and i% at Walmart stores. The app, which gets decent ratings, is required to go fee-gratis cash reloads at Walmart stores. Walmart MoneyCenters and Customer Service desks besides offer fee-free greenbacks withdrawals.

This prepaid, reloadable card is family-friendly. You can order an account for gratuitous for up to four additional people who are at least 13 years quondam. The Walmart MoneyCard offers a free "Vault" savings characteristic. Savings will earn two% APY on up to $1,000 on the card enrollment anniversary.

Considering information technology's not part of an ATM network, you'll pay $2.fifty for ATM withdrawals in addition to any operator fees.

General fees and features: $5.94 monthly fee waived with a monthly eolith of at least $500; $one starter card buy fee if purchased in store; no inactivity fees.

Purchases: No fees.

ATM withdrawals: $2.fifty fee, plus whatever operator fees.

Reload methods: Add greenbacks via the Walmart MoneyCard app at Walmart stores; mobile check deposit; add funds from checks cashed at Walmart stores; $3 to reload greenbacks at a Walmart store; up to $four.95 to reload elsewhere.
Other services: Upward to four free additional accounts; savings account with 2% APY for first $1,000, and chances to win monthly cash prizes; option to lock and unlock your carte via the app; text and e-mail alerts.
Downsides: Fee to use ATMs; express methods for reloading funds.

Depression-fee alternatives to prepaid cards

The difference betwixt prepaid debit cards and checking accounts is starting to blur, every bit many take like features and services.

This is peculiarly true for mobile-optimized banking accounts: Like nearly prepaid debit cards, many have no credit bank check; unlike prepaid cards, they come with some extra perks, such as advanced savings features, bigger ATM networks and bank check-writing privileges.

Chime

Best cheap alternative to prepaid

at Chime, Deposits are FDIC Insured

Chime isn't a prepaid debit bill of fare or a traditional bank account just a costless "spending account" in the Visa payment network. This business relationship has many of the same functions as a checking account. Though it doesn't come with newspaper checks, you lot can apply the app to request that checks be mailed to a recipient, even yourself, for free.

You can as well open a linked Chime savings account and fix automatic transfers.

General fees and features: No monthly fee and no costs for activation or inactivity; no credit bank check. Cash withdrawal and third-party fees may employ.
Purchases: No additional accuse.
ATM withdrawals: Free at over 60,000 ATMs in the Allpoint, MoneyPass and Visa Plus Alliance ATM networks; $two.50 at other ATMs, plus any ATM operator fee. Cash withdrawal and third-political party fees may apply.
Eolith methods: Direct deposit, banking company transfer and mobile check deposit; add greenbacks at retailers such every bit 7-Eleven and Walmart (the retailer may charge a fee) or at Walgreens for costless.
Other services: Optional savings account earns 0.50% annual per centum yield. Chime has 2 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 modify goes to savings (see below for more information from Chime). You can also receive instant transaction alerts and lock your debit card if yous lose information technology. Note that a Chinkle Spending Account is required to open a savings account.
Downsides: The out-of-network ATM fee.

Chime says: "Chime is a fiscal technology company, not a bank. Cyberbanking services provided past, and debit card issued past, The Bancorp Depository financial institution or Pace Depository financial institution, Northward.A.; Members FDIC."

See more information from Chime

Chime says: "Circular Ups automatically round upwards debit card purchases to the nearest dollar and transfers the round up from your Chime Spending Account to into your savings account. Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Spending Business relationship into your savings account."

The Annual Percent Yield ("APY") for the Chinkle Savings Account is variable and may change at any fourth dimension. The disclosed APY is effective equally of November i, 2021. No minimum balance required. Must have $0.01 in savings to earn involvement.

All-time prepaid debit cards and alternatives: Summary

Account/bill of fare	Monthly fee	# of free ATMs
Bluebird by American Express	$0	30,000+
Chime account	$0	threescore,000+
FamZoo Prepaid Carte	$2.50 to $iv.33 if prepaid; $5.99 if billed	None
5th Tertiary Admission 360° Reloadable Prepaid Card	$0-$4	50,000+
Greenlight Prepaid Mastercard	$four.99 to $9.98	None
Walmart MoneyCard	$0-$5.94	None

Oftentimes asked questions

What is a prepaid debit card?

A prepaid debit carte du jour can serve as a budgeting tool or be a replacement for a banking company account. The best prepaid cards offer convenience and don't charge many fees.

At that place'due south no credit check required to go a prepaid card, and they're ofttimes bachelor even if you tin can't become a banking company account because of a bad banking history. Yous load funds onto prepaid cards before using them for purchases. By and large, you lot tin also use a prepaid debit menu to withdraw cash from ATMs.

Where tin can you get a prepaid card?

Prepaid cards are sold at retail stores (usually for a fee) and some can be ordered online.

How exercise you add money to a prepaid card?

The methods for calculation money to a prepaid card vary from card to card. Merely 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 straight eolith, card-to-card transfer and banking concern transfer.

What is a prepaid debit menu?

A prepaid debit card tin can serve equally a budgeting tool or be a replacement for a bank account. The

all-time prepaid cards

offer convenience and don't accuse many fees.

There'south no credit check required to get a prepaid card, and they're often available even if yous tin't get a banking company account because of a bad cyberbanking history. You load funds onto prepaid cards before using them for purchases. Generally, you tin also apply a prepaid debit carte to withdraw greenbacks from ATMs.

Where can you get a prepaid carte?

Prepaid cards are sold at retail stores (usually for a fee) and some tin can be ordered online.

How exercise you add money to a prepaid card?

The methods for adding money to a prepaid card vary from menu to bill of fare. Only generally, the options include adding cash at a retail register (often for a fee), adding funds by using an app to brand a mobile check deposit, and past directly deposit, card-to-carte du jour transfer and banking concern transfer.

METHODOLOGY : Best Prepaid Debit Cards of 2022

We looked at 45 reloadable prepaid debit cards offered by some of the biggest banks, credit unions and prepaid debit card issuers. Where multiple card plans existed, only the basic monthly fee plan was considered.

Nosotros analyzed four categories for each bill of fare: general fees and features, purchases and withdrawals, reload fees and options, and other services such as neb pay and savings accounts. The cards that made this list had the all-time combination of these categories. Some cards in this roundup have nonbank program managers that partner with banks. Regardless, all the cards' issuers are banks that insure consumers' money through the Federal Deposit Insurance Corp. No cards to a higher place have overdraft fees.

ACE Aristocracy Visa Prepaid Debit Card , AccountNow Gilt Visa Prepaid Menu , American Express Serve , BB&T MoneyAccount, Bluebird past American Express , Boost Mobile Wallet Prepaid Mastercard, Brink's Prepaid Mastercard, Card.com Prepaid Carte, CashPass Prepaid Mastercard, Commerce Banking company mySpending Carte du jour, Control Prepaid Mastercard, Verbal Prepaid Mastercard, FamZoo Prepaid Bill of fare, Fancard, FasterMoney, 5th Third Access 360° Reloadable Prepaid Card, Fred Meyer Prepaid Card, Light-green Dot Prepaid Visa Card , Greenlight Prepaid Mastercard, H&R Block Emerald Prepaid Mastercard, Mango Visa Prepaid Card, MOVO Virtual Prepaid Visa Card, MyVanilla Prepaid Card, Netspend Visa Prepaid Carte , NexsCard Visa Prepaid Menu, Opt+ Prepaid Visa Menu, PayPal Prepaid Mastercard , PNC SmartAccess Prepaid Visa Bill of fare, Regions Now Visa Prepaid Bill of fare, RushCard Prepaid Visa Carte du jour , Starbucks Rewards Visa Prepaid Carte du jour, TD Connect Reloadable Prepaid Visa Menu, Walmart MoneyCard , Western Union Netspend Prepaid Card.

We likewise looked at ii alternative, or nontraditional, banking accounts: Chime and GoBank .

What the ratings mean:

— Amidst the very best

— Very good; only minor caveats for well-nigh customers

— Practiced; issues that might make a difference to some customers

— Fair; make sure strengths and weaknesses are a good match for yous

— Poor; proceed with neat caution

(or below) — Best to avoid

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Source: https://www.nerdwallet.com/article/banking/best-prepaid-debit-cards