The AccountNow Prepaid MasterCard comes in several options. The option reviewed here is the version which does not require that you use direct deposit. Although we typically recommend using direct deposit (where appropriate), we understand that there are situations where you just want a shopping card or want to use a card for “lighter” use than as your primary banking account. The AccountNow MasterCard without direct deposit may fit your needs.
Review of the AccountNow Prepaid MasterCard with (No Direct Deposit)
We’ve said it before, we’ll say it again: the folks at AccountNow understand banking, and they’ve created the a “bank account you carry in your wallet”. And best of all, they are offering 100% approval rates! That’s right, even if you are on ChexSystems’ list, and even if you have terrible credit, you can qualify for the AccountNow Debit MasterCard in seconds. Enrollment is simple, instant and guaranteed. There is no paperwork or lines, no security deposit, and one simple enrollment form. You can be banking again in seconds. Their prepaid debit MasterCard also allows you to improve your credit, with their FREE Credit Builder.
- Instant Guaranteed Approval* – no credit check, no security deposit
- $0 ACTIVATION FEE – when you load your card by direct deposit
- Free Direct Deposit – no more check cashing fees (check out our review of the AccountNow MasterCard with Direct Deposit)
- Free Online Bill Pay – no need for expensive money orders
- Free Credit Builder† – bill pay transactions are reported to PRBC®
- No Overdraft Fees – no minimum balance required
- Reloadable – $10,000 balance limit.
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How We Rated the AccountNow Prepaid MasterCard without Direct Deposit
AccountNow Prepaid MasterCard without Direct Deposit Fee Examples
Want to know how much the AccountNow Prepaid MasterCard without Direct Deposit might cost you to use in a typical month? We have crunched the numbers for you! We also show how AccountNow Prepaid MasterCard without Direct Depositstacks up against some common alternatives so you can see if you would save money using this card. Please remember -- cost should NOT be the only reason why you pick a card -- make sure to consider the card's features (some cards have more features than a typical bank account).
To see different scenarios, change the following variables.
Note: * Based on a U.S. Average check cashing rate of 4.54% (per the Brookings Institution),
**Using the Money Order fees from the U.S. Post Office (Some of the lowest available),
*** We assume that 1/2 of your in-store purchases will be made using your PIN,
****A LARGE portion of Americans experience at least 1 overdraft each Month. Also note that the Check Casher CANNOT buy items online, and must use cash for all purchases.
Fees Associated With The AccountNow Prepaid MasterCard without Direct Deposit*
| Activation Fee: | $0.00 |
Card Limit: | $10000 |
| Monthly Fee: | $9.95 |
ATM Withdrawal:** | $2.50 |
| Signature Transactions:*** | $0.00 |
ATM Balance Inquiry: | $1.00 |
| PIN Transactions:*** | $0.00 |
Bill Payments: | $0.00 |
AccountNow does a good job of disclosing fees, but always look over them carefully to make sure it is the right card for you. With no Activation Fee, free electronic Bill Pay and free purchases, this is an attractive card. On top of that, the card has some excellent features available.
Notes:
* Fees verified as of 03/08/2011. Check the Current Terms & Conditions for a list of all the fees.
** Some ATM operators may charge a fee for use of their ATMs in addition to this fee.
*** To use your AccountNow Prepaid MasterCard without Direct Deposit in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.
AccountNow Prepaid MasterCard without Direct Deposit Card Options
The AccountNow prepaid MasterCard comes in Silver.
Here are GetDebit’s “Low Fee Tips” for this Card
If you are careful, there are ways to avoid paying some fees with the AccountNow MasterCard prepaid card.
Tips for Using The AccountNow Prepaid MasterCard with (No Direct Deposit)
