READYdebit Prepaid Visa Card (“Control” Plan with No Direct Deposit)

How We Rated the READYdebit Visa "Control" Plan with No Direct Deposit

Card Features Fees Disclosure Clarity BBB Rating Load Options Overall Rating

Rating Explanation READYdebit Visa "Control" Plan with No Direct Deposit 5 GetDebit.com Editor The "control" plan with no direct deposit option of the READYdebit prepaid Visa card has several great features and provides good value for people who will use the card in place of a bank account. 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 some 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 with no Direct Deposit 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" No Direct Deposit plan may be for you. The "control" plan with no direct deposit option of the READYdebit prepaid Visa card has several great features and provides good value for people who will use the card in place of a bank account. 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 some 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 with no Direct Deposit 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" No Direct Deposit plan may be for you.

READYdebit Visa "Control" Plan with No Direct Deposit Fee Examples

Want to know how much the READYdebit Visa "Control" Plan with No 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 with No 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 with No Direct Deposit	Bank of America "Regular" Checking	Check Cashing Store
Monthly Fee	Once per month	$	$	$
Cash paycheck (per month)	$	$	$	$*
ATM Withdrawals	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	$	$	$
Bill Payments	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	$	$	$
Online Purchases	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	$	$	N/A
In-Store Purchases***	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	$	$	N/A
Overdrafts:****	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20		$	$
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 with No Direct Deposit*

Activation Fee:	$9.95	Card Limit:	$10000
Monthly Fee:	$3.95	ATM Withdrawal:**	$2.25
Signature Transactions:***	$0.95	ATM Balance Inquiry:	$0.50
PIN Transactions:***	$0.95	Bill Payments:	$0.00

The ReadyDebit Select 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 (lower transaction fees). If you want a no frills card with a lower monthly fee 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). Always check the fees included in the Terms and Conditions link 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 with No 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 with No 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

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

Many prepaid cards, including the READYdebit Prepaid Visa Cards, have fees that can be avoided with careful use. Here are a few tips to minimize your monthly fees and costs associated with this card.

Tips for Using The READYdebit Prepaid Visa Card (“Control” Plan with No Direct Deposit)

• Lost or Stolen Visa Debit Card?
• Using a Prepaid Visa Card — A Few Tips
• Why Do I Need to Provide a Social Security Number to Get a Prepaid Debit Card?
• Can I Make a Deposit at an ATM to My Prepaid Card?
• How to Load Money Onto a READYdebit Card