The ReadyDebit folks have designed a prepaid card program that gives their customers the value of choice. READYDebit Visa cards are offered in three categories – The SELECT plan (this review), the CONTROL plan and the PLATINUM plan. READYDebit is committed to providing their customers superior financial products. Traditional big banking bilks billions every year from their account holders with annoying overdraft and other checking fees. The READYdebit “Select” prepaid Visa debit card can assist you in the elimination of those fees.
Review of the READYdebit Prepaid Visa (“Select” Plan)
Readydebit Select Visa allows you to access 1 million+ ATM machines across the country and has ZERO overdraft charges – EVER! Don’t worry about any purchases fees or balance inquiry fees either. READYdebit knows how those can add up, so they are free with the Select plan. Other free services provided by the Select card include – transaction declines, ATM declines, automated phone/online account access and all kinds of cash loading methods. See more of the READYdebit Select VISA prepaid card’s features below:
- Free Credit Score
- Free Unlimited Purchase Transactions
- Free Online Bill Payment & Check Writing
- Free Direct Deposit – paycheck, benefits, tax refunds
- 100% Guaranteed Approval* – No Credit Checks
- Reloadable up to $10,000 Max Balance
- Choose Your Card Color – Blue or Pink
How We Rated the
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Rating Explanation
5
GetDebit.com Editor
The "select" 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, Inc.) has an excellent BBB rating, and has great experience in running and building prepaid card programs. We like the simple fee agreement and disclosures with this card, and the number of features available make it a great bank-replacement product. If you will be purchasing goods and services frequently, check this card out, we think you'll like it. It stacks up nicely among the top prepaid debit cards.
The "select" 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, Inc.) has an excellent BBB rating, and has great experience in running and building prepaid card programs. We like the simple fee agreement and disclosures with this card, and the number of features available make it a great bank-replacement product. If you will be purchasing goods and services frequently, check this card out, we think you'll like it. It stacks up nicely among the top prepaid debit cards.
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Fee Examples
Want to know how much the might cost you to use in a typical month? We have crunched the numbers for you! We also show how stacks 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 *
| Activation Fee: | $9.95 |
Card Limit: | $10000 |
| Monthly Fee: | $9.95 |
ATM Withdrawal:** | $2.25 |
| Signature Transactions:*** | $0.00 |
ATM Balance Inquiry: | $0.00 |
| PIN Transactions:*** | $0.00 |
Bill Payments: | $0.00 |
The ReadyDebit Select card is perfect for people who use the card frequently to pay bills or make purchases online or at a merchant. It would be prudent to not have many ATM transactions with this card. If you want a good card with a lot of free transaction fees and a good bill pay portal, then this could be 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 in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.
Card Options
p>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
READYdebit prepaid Visa cards have fees that can be avoided when used with card. Here are some tips to minimize your monthly fees associated with this card.
Tips for Using The READYdebit Prepaid Visa (“Select” Plan)
