MYPLASH Visa Prepaid Cards

How We Rated the MYPLASH Visa Card

Card Features Fees Disclosure Clarity BBB Rating Load Options Overall Rating

Rating Explanation MYPLASH Visa Card 5 GetDebit.com Editor The MYPLASH prepaid teen Visa card received some of our highest scores for it's features (it has it all -- excellent designs, shopping discounts, social networking, bill pay, you name it) and for it's load options (you can load this card in tons of different ways). Also, the issuer of the MYPLASH Visa card (Metabank) has a great BBB rating (which shows that they are serious about dealing with consumer issues). Perhaps more importantly, the fees associated with the MYPLASH cards are very low. given normal use, a MYPLASH card should be much less expensive (and have better features) than an introductory checking account at a major bank. The MYPLASH prepaid teen Visa card received some of our highest scores for it's features (it has it all -- excellent designs, shopping discounts, social networking, bill pay, you name it) and for it's load options (you can load this card in tons of different ways). Also, the issuer of the MYPLASH Visa card (Metabank) has a great BBB rating (which shows that they are serious about dealing with consumer issues). Perhaps more importantly, the fees associated with the MYPLASH cards are very low. given normal use, a MYPLASH card should be much less expensive (and have better features) than an introductory checking account at a major bank.

MYPLASH Visa Card Fee Examples

Want to know how much the MYPLASH Visa Card might cost you to use in a typical month? We have crunched the numbers for you! We also show how MYPLASH Visa Cardstacks 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	MYPLASH Visa Card	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 MYPLASH Visa Card*

Activation Fee:	$12.95	Card Limit:	$2000*
Monthly Fee:	$4.95	ATM Withdrawal:**	$1.95
Signature Transactions:***	$0.00	ATM Balance Inquiry:	$0.75
PIN Transactions:***	$0.00	Bill Payments:	$0.00

For everyday use, the MYPLASH Visa with recurring direct deposit has very few fees. With normal use, your primary fees will be the monthly fee ($4.95), and ATM fees ($1.95 for withdrawals, and $0.75 for balance inquiries, in addition to any fees charged by the ATM operators). If you need special assistance (like a stop payment of a bill pay transaction, or a new or replacement card, additional fees will be charged). The card has a limit of $2,000 for the teen cards, but the parent card (linked to the teen card) has a higher limit of $4,000.

Notes:
* Fees verified as of 12/15/2009. 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 MYPLASH Visa Card in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.

MYPLASH Visa Card Card Options

The big choice you are going to have to make? You'll have to figure out what card design you want. Into board sports? Maybe go with the Kassia Meador or Mike Vallely cards. Music? Check out the Flo Rida or Plain White T's. There's tons of awesome designs you can pick from. Choose carefully!

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

Many prepaid cards, including the MYPLASH 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.

• First reduce the number of ATM withdrawals you make. If you need $200 of cash for the week, take that whole amount in one withdrawal from the ATM (assuming you have enough funds in the account!). Don't withdraw $20 or $40 at a time (the fees add up FAST).
• Use self serve (as much as possible) if you have questions, check the great FAQ's at MYPLASH rather than calling a customer service agent (some calls may incur a small fee).
• Treat your card like a checkbook. Don't try to take money out when you don't have it (you won't get an overdraft charge, but you could get a "decline" transaction at an ATM).
• Avoid the need for special fees, like stop payments on bill pay transactions, or special customer service.
• ALWAYs use direct deposit (it's good for the planet since it reduces paper, it's good for you, and it's good for your bank account).

Tips for Using The MYPLASH Visa Prepaid Cards

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