The AccountNow prepaid debit Visa Card comes in two options – a version which requires you to set up direct deposit, and a version which does not. This review is about the card without direct deposit. The AccountNow Visa without direct deposit can be a good choice for people who want “pay as you go” convenience, but who don’t want (or can’t) to use direct deposit.
Review of the AccountNow Visa Card (No Direct Deposit)
The AccountNow prepaid Visa card has tons of features. Get this card, and you will never care about having a regular bank account again. The AccountNow prepaid Visa is basically a “bank account you carry in your wallet”. Everyone can get one, as AccountNow offers 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 amazing AccountNow Debit Visa 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.
- Instant Guaranteed Approval* – no credit check, no security deposit
- Initial Fee (one time only) — $4.95
- NO Monthly Fee!
- Free Direct Deposit – no more check cashing fees (check out the AccountNow Visa With Direct Deposit)
- Free Online Check Writing – no need for expensive money orders
- No Overdraft Fees – no minimum balance required
- Reloadable – $10,000 balance limit.
How We Rated the AccountNow Visa prepaid debit card
AccountNow Visa prepaid debit card Fee Examples
Want to know how much the AccountNow Visa prepaid debit card might cost you to use in a typical month? We have crunched the numbers for you! We also show how AccountNow Visa prepaid debit cardstacks 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 Visa prepaid debit card*
||ATM Balance Inquiry:||$1.00
AccountNow does an outstanding job of disclosing their card fees, but always review them carefully to make sure the card is a good fit for you. AccountNow Visa prepaid debit card comes with no Activation Fee, no Bill Pay Fee and no Signature/PIN Purchase Fee, which makes it a popular card. If you direct deposit your pay or benefits check, then the monthly fee can also be waived ($2500 minimum monthly deposit required)
* Fees verified as of 6/8/2012. 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 Visa prepaid debit card 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 Visa prepaid debit card Card Options
AccountNow's family of cards offers both the Visa and MasterCard brands, check to see which is best for you.
Here are GetDebit’s “Low Fee Tips” for this Card
When using the AccountNow Visa prepaid debit card carefully, like many cards, there are fees that can be avoided.
Tips for Using The AccountNow Visa Card (No Direct Deposit)