The Green Dot Visa is a prepaid debit card. Often this is used by individuals that do not have a bank account.
Card holders get free direct deposit, which can save hundreds of dollars a year on check cashing fees. It is accepted world wide.
There is no bank account required or credit check. It does have a monthly maintenance fee of $4.95 but this fee is waived if you deposit $750 or more monthly.
You can access cash at over 900,000 ATM’s in 120 countries and it is accepted online and over the phone.
Frequent criticisms of this card are; the number of fees and poor customer service. It carries a reload fee of $4.95 when a MoneyPak is used to deposit funds.
MoneyPak’s can be purchased at many retail locations including; Wal-mart, CVS, Kroger, Walgreens and many more. It does carry a $2.50 ATM withdrawal fee and a $9.95 card activation fee.
This card is issued by Columbus Bank and Trust Company and comes as a Visa or MasterCard.
They do offer an upgrade to your account for Premier Membership at a cost of $20. This will give you priority customer service.
Upon completion of your application you will be mailed a card in 7 - 10 business days. You can also purchase this card at many retail locations.
Parents have found this card useful to teach their children money management skills. Additionally it is an easy way to send students money that are away at school.
Your money will be protected if your card is ever lost or stolen. It is a much safer alternative than carrying cash.
You use it to pay your bills. Additionally it will give you a convenient way to track your spending and stay within a budget.
In sum we do not suggest this card, we are surprised that there are extra fees for priority service. We are under the opinion when it comes to your money you are entitled to priority service.
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