The REACH Visa prepaid debit card offers a “no frills” value not found in other prepaid cards. If you like fees that are simple and straight forward, then you might want to check out the REACH prepaid Visa card. With only three fees to worry about, REACH Visa won’t nickel and dime you.
Review of the REACH Visa Prepaid Debit Card
The REACH Visa prepaid debit card is sponsored by Tom Joyner and is positioned as a card that you can trust at a fair price with ONLY three fees to speak of – Activation Fee, Monthly Fee and ATM Withdrawal Fee. Up front, you know what the REACH Visa card will cost you with no “fee gotchas”. The REACH cards are easy to use, safer than cash, help you stay on top of your money and offer financial freedom. Plus, cardholders get VIP treatment for Tom Joyner’s events, discounts and other special offers.
- Only 3 Fees – that`s it – compare & save
- The card trusted by Tom Joyner
- Free Bill Pay & Check Writing
- Free Direct Deposit
- Free Customer Service
- No Overdraft Fees, Interest Fees or Hidden Fees
- No Credit Check Required – Sign up Today
Apply Now!
How We Rated the REACH Prepaid Debit Visa
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Rating Explanation
REACH Prepaid Debit Visa
4
GetDebit.com Editor
The REACH Visa Prepaid Debit Card is a great product. The REACH prepaid Visa card is designed for people who incur many transactions each month including: Bill Pay, Point of Sale purchases, Card-to-Card Money Transfers and the use of a credit card type payment device that is accepted at millions of Merchants around the world. The card would have received our highest rating but for one issue. The Activation Fee, Monthly Maintenance Fee and ATM Withdrawal Fees are not the lowest available. It is great that there are no "fee gotchas" but there are other cards available that, if used correctly, would have lower overall fees. Also, some features offered by other card providers for an extra fee may not exist with this card, such as the ability to wire money, get a secondary card or request a paper statement. This card does have a couple of excellent features including free email and mobile text alerts and great online account management tools. Also, PreCash, Inc. and the Bancorp Bank have top notch ratings with the Better Business Bureau which indicates a great effort when it comes to customer service.
The REACH Visa Prepaid Debit Card is a great product. The REACH prepaid Visa card is designed for people who incur many transactions each month including: Bill Pay, Point of Sale purchases, Card-to-Card Money Transfers and the use of a credit card type payment device that is accepted at millions of Merchants around the world. The card would have received our highest rating but for one issue. The Activation Fee, Monthly Maintenance Fee and ATM Withdrawal Fees are not the lowest available. It is great that there are no "fee gotchas" but there are other cards available that, if used correctly, would have lower overall fees. Also, some features offered by other card providers for an extra fee may not exist with this card, such as the ability to wire money, get a secondary card or request a paper statement. This card does have a couple of excellent features including free email and mobile text alerts and great online account management tools. Also, PreCash, Inc. and the Bancorp Bank have top notch ratings with the Better Business Bureau which indicates a great effort when it comes to customer service. |
REACH Prepaid Debit Visa Fee Examples
Want to know how much the REACH Prepaid Debit Visa might cost you to use in a typical month? We have crunched the numbers for you! We also show how REACH Prepaid Debit Visastacks 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 REACH Prepaid Debit Visa*
| Activation Fee: | $9.95 |
Card Limit: | $2000 |
| Monthly Fee: | $8.95 |
ATM Withdrawal:** | $2.50 |
| Signature Transactions:*** | $0.00 |
ATM Balance Inquiry: | $0.00 |
| PIN Transactions:*** | $0.00 |
Bill Payments: | $0.00 |
The REACH Visa card really does have a nice and simple fee structure. There are no "gotchas" in their terms. There are only three fees in their program - Activation Fee, Monthly Fee and ATM Withdrawal Fee. All other transaction fees are included in the pricing.
Notes:
* Fees verified as of 11/22/2011. 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 REACH Prepaid Debit Visa in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.
REACH Prepaid Debit Visa Card Options
What you see is what you get with the REACH Visa. There are no design or "feature" options. You get access to all the great features in the basic card package.
Here are GetDebit’s “Low Fee Tips” for this Card
The REACH Visa card, has one fee that can be avoided with careful use. Instead of using ATM's a cardholder can get "cash over" from a merchant with no charge. One of the reasons why we like the REACH card is that there are no fee "gotchas".
Tips for Using The REACH Visa Prepaid Debit Card
