If anyone knows the prepaid card business, it’s Green Dot! As one of the largest prepaid debit card reload networks, Green Dot makes it a cinch to load cash on your card.
Review of the Green Dot Gold Prepaid Visa Card
You have probably noticed the ubiquitous Green Dot logo at your local Walgreens or Walmart stores, not to mention the thousands of other merchants throughout the U.S. When you see the Green Dot logo, you know that you purchase, load or reload your prepaid card at that location. And now, Green Dot also offers their very own prepaid Visa card that is overflowing with fabulous features. We’d like to mention a few:
- $0 Activation Online –with no credit check
- Access over 18,000 MoneyPass ® ATMs
- Get a $4.95 credit on your first MoneyPak cash load (see site for restrictions)
- No Monthly fee for any month with at least 30 purchases
- No Transaction fees on US purchases
- No overdraft fees
- No Minimum balance required
Apply Now!
How We Rated the GreenDot Gold Prepaid Visa Card
GreenDot Gold Prepaid Visa Card Fee Examples
Want to know how much the GreenDot Gold Prepaid Visa Card might cost you to use in a typical month? We have crunched the numbers for you! We also show how GreenDot Gold Prepaid Visa 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 GreenDot Gold Prepaid Visa Card*
| Activation Fee: | $0.00 |
Card Limit: | $2500 |
| Monthly Fee: | $5.95 |
ATM Withdrawal:** | $0.00 |
| Signature Transactions:*** | $0.00 |
ATM Balance Inquiry: | $0.00 |
| PIN Transactions:*** | $0.00 |
Bill Payments: | $0.00 |
The Green Dot Gold has a very simple and straightforward fee structure. The biggest tip is to make sure you load at least $1000 each month or make at least 30 transactions -- you'll save $5.95 each month as Green Dot will waive their monthly maintenance fee.
Notes:
* Fees verified as of 07/13/2011. 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 GreenDot Gold Prepaid Visa 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.
GreenDot Gold Prepaid Visa Card Card Options
One card option and one great package!
Here are GetDebit’s “Low Fee Tips” for this Card
As with any financial product, the Green Dot Gold Visa prepaid card has fees that might be avoided when used with care.
Tips for Using The Green Dot Gold Prepaid Visa Card
