GreenDot knows prepaid cards. Did you know that Green Dot runs one of the biggest networks of prepaid reload locations? They make it easy for you to put cash onto your card.
Review of the Green Dot Prepaid MasterCard
Have you seen the Green Dot logo at your local Walmart (or thousands of other retail stores)? The Green Dot tells you that you can reload prepaid cards at those locations. Here’s some good news — Green Dot, the company that helps you load prepaid cards, also offers their own prepaid debit MasterCard. The card is packed with great features. Here are 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
How We Rated the Green Dot Prepaid MasterCard
Green Dot Prepaid MasterCard Fee Examples
Want to know how much the Green Dot Prepaid MasterCard might cost you to use in a typical month? We have crunched the numbers for you! We also show how Green Dot Prepaid MasterCardstacks 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 Green Dot Prepaid MasterCard*
||ATM Balance Inquiry:||$0.00
The Green Dot Mastercard's structure is quite simple and straightforward with excellent disclosure. One fee tip is to load at least $1000 each month or make at least 30 transactions and save the $5.95 monthly maintenance fee.
* 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 Green Dot Prepaid MasterCard in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.
Green Dot Prepaid MasterCard Card Options
No frills - one card design with some great features.
Here are GetDebit’s “Low Fee Tips” for this Card
With careful use, as with any financial product, the Green Dot MasterCard prepaid card has fees that can be avoided.
Tips for Using The Green Dot Prepaid MasterCard