READYdebit Visa (“Control” Plan with Direct Deposit)

The READYDebit CONTROL Visa prepaid card offers cardholders some magnificent savings when they participate in direct deposit. By automatically loading your pay or benefits checks (a minimum of $1500) every month on the Control card through direct deposit, you can save the monthly fees typically charged on a READYdebit prepaid card. Even if you don’t take advantage of direct deposit, the READYdebit Control Visa plan offers a pay per transaction program for customers not needing a lot of bells and whistles. For a low monthly charge, cardholders can use the Readydebit card occasionally when needed. The funds loaded on your ReadyDebit card are protected by the Visa Zero Liability policy. There are also several convenient methods to load money on your prepaid ReadyDebit Visa.

Review of the READYdebit Visa (“Control” Plan with Direct Deposit)

READYdebit Visa (“Control” Plan with Direct Deposit)


By choosing direct deposit with READYdebit’s “Control” program, not only will you lower your monthly fee, but also included are – FREE Online Bill Pay, access to a million ATM’s and FREE online check writing, not to mention – no more overdrafts! READYdebit also has a great card-to-card money transfer program so you can share money with your family and friends. There are quite a few benefits to choosing a READYdebit prepaid Visa card:

  • $0 Monthly Fee*
  • Free Credit Score
  • Free Online Bill Payment & Check Writing
  • Free Direct Deposit
  • No Overdraft Fees or Balance Minimums
  • 100% Guaranteed Approval – No Credit Checks*
  • Reloadable up to $10,000 Max Balance
  • *See Program Rules



How We Rated the ReadyDebit Visa Control plan using direct deposit

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Rating Explanation
ReadyDebit Visa Control plan using direct deposit 5 GetDebit.com Editor

The "control" plan option of the READYdebit card has a number of great features and provides a very good value for people who use the card as a bank account replacement. The company behind the READYdebit card (Ready Financial Group) is very highly rated by the Better Business Bureau (which shows that they are serious about dealing with consumer issues). The only reasons why this card is not the absolute highest rated card is because the fees are slightly higher than some other cards. However, if you need extra features, we think the small fees on the READYdebit Prepaid Visa "Control" card is well worth it. If you want a card with a lot of features, and understand that those features come with a small additional cost, the READYdebit prepaid Visa "Control" plan may be for you.

The "control" plan option of the READYdebit card has a number of great features and provides a very good value for people who use the card as a bank account replacement. The company behind the READYdebit card (Ready Financial Group) is very highly rated by the Better Business Bureau (which shows that they are serious about dealing with consumer issues). The only reasons why this card is not the absolute highest rated card is because the fees are slightly higher than some other cards. However, if you need extra features, we think the small fees on the READYdebit Prepaid Visa "Control" card is well worth it. If you want a card with a lot of features, and understand that those features come with a small additional cost, the READYdebit prepaid Visa "Control" plan may be for you.

ReadyDebit Visa Control plan using direct deposit Fee Examples

Want to know how much the ReadyDebit Visa Control plan using direct deposit might cost you to use in a typical month? We have crunched the numbers for you! We also show how ReadyDebit Visa Control plan using 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.
Number of transactions each month ReadyDebit Visa Control plan using direct deposit Bank of America "Regular" Checking Check Cashing Store
Monthly Fee Once per month $ $ $
Cash paycheck (per month) $ $ $ $*
ATM Withdrawals $ $ $
Bill Payments $ $ $
Online Purchases $ $ N/A
In-Store Purchases*** $ $ N/A
Overdrafts:**** $ $
Total $ $ $

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 ReadyDebit Visa Control plan using direct deposit*

Activation Fee:$9.95 Card Limit:$10000
Monthly Fee:$0.00 ATM Withdrawal:**$2.25
Signature Transactions:***$0.95 ATM Balance Inquiry:$0.50
PIN Transactions:***$0.95 Bill Payments:$0.00

The ReadyDebit Control card is perfect for people who use the card frequently to pay bills online but don't have many purchase or ATM transactions. If you are a frequent purchaser of items on the Internet or at retail merchants, consider the READYdebit "Select" or "Platinum" plans as they have lower transaction fees. If you want to use direct deposit with a lower monthly fee ($0 with $1500 monthly direct deposit) and a good bill pay portal, then this is the card for you! As with other bank accounts and prepaid cards, there are additional fees for certain non-typical transactions (like international ATM withdrawals, Bank Teller Cash Advance, Paper Statements, etc). You should always review the fees and the terms and conditions on the company's website.


Notes:
* Fees verified as of 01/26/2011. 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 ReadyDebit Visa Control plan using 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.

ReadyDebit Visa Control plan using direct deposit Card Options

The ReadyDebit Visa card has four fee options: Control plan, Control with direct deposit plan, Select Plan and Platinum Plan. The "Control" plan typically has higher transaction costs with a low monthly fee, while the "Select" and "Platinum" plans require a slightly higher monthly charge, but offer lower transactional fees.

The READYdebit card comes in a number of different colors ready-debit-colors

Here are GetDebit’s “Low Fee Tips” for this Card

READYdebit Prepaid Visa Cards, as well as most prepaid cards, have fees that you can avoid with careful use. Here are a few tips to minimize your monthly costs associated with this card.

Tips for Using The READYdebit Visa (“Control” Plan with Direct Deposit)