You might have noticed one of the many ACE Cash Express local merchants in your neighborhood offering financial services and transactions. In conjunction with NetSpend Corporation, The ACE Express people bring you the ACE Elite prepaid Visa Debit card. If you tired of high interest charges on credit cards due to challenges on your credit report, have been declined by a bank or maybe tired of bank overdraft fees, then check out the ACE Elite prepaid Visa debit card family.
Review of the ACE Elite Visa Prepaid Card
We believe the ACE Elite Fee Visa offers some great features to consumers including FDIC protection, card-to-card money transfer, unlimited monthly transactions (through the FeeAdvantage program), free direct deposit, free cash withdrawals at participating ACE Express locations and even a rewards program. When you go with the Fee Advantage plan, you pay a low $5 monthly fee for unlimited purchase transactions with your Visa prepaid debit card. There is also a Pay As You Go plan available for those with fewer transaction needs. You may also want to check out the reviews of ACE’s Fee Advantage (without direct deposit) and the ACE Fee Advantage Annual Plan.
With several choices offered by ACE Express, prepaid debit card customers can rest assured there is a plan available to meet their needs. As this ACE Elite Visa card requires Direct Deposit, please note some of the great features available on the prepaid debit Visa card:
- A card with benefits that matter to you
- No credit check, No application fee, No obligation
- No-Fee Cash Withdrawals at ACE locations*
- Free unlimited purchase transactions with paid enrollment in FeeAdvantage Plan*
- Free Direct Deposit – Get paid up to 2 days faster, don`t stand in line or pay check cashing fees*
- Free Anytime Alerts™ – Get your balance and transactions via text or email*
- Free Savings Account – Receive 5.00% APY*
- Secure: Card funds are FDIC insured, backed by Visa Zero Liability*Apply Now!
How We Rated the ACE Elite Visa Prepaid Card
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Rating Explanation
ACE Elite Visa Prepaid Card GetDebit.com Editor The ACE Express Elite line of prepaid cards receives good scores from us for their variety of features, multiple load options (you can load funds on these card in a lot of different ways). Although one of the companies behind the cards (NetSpend) is very highly rated by the Better Business Bureau. This shows that they are serious about dealing with consumer issues. ACE Express is rated very low. For that we have given the card a less than highest rating. The lower monthly fees and lower transaction fees still make this a great card along with the many features. Be aware that a monthly direct deposit is required for this card. However, if you are a heavy user of your card (and have a lot of ATM transactions, card replacements or need paper statements) then it can be very expensive. If you have a need for lighter use, we recommend the “Pay as You Go” plan as it has no monthly fee and the comparably low activation fee. The ACE Express Elite line of prepaid cards receives good scores from us for their variety of features, multiple load options (you can load funds on these card in a lot of different ways). Although one of the companies behind the cards (NetSpend) is very highly rated by the Better Business Bureau. This shows that they are serious about dealing with consumer issues. ACE Express is rated very low. For that we have given the card a less than highest rating. The lower monthly fees and lower transaction fees still make this a great card along with the many features. Be aware that a monthly direct deposit is required for this card. However, if you are a heavy user of your card (and have a lot of ATM transactions, card replacements or need paper statements) then it can be very expensive. If you have a need for lighter use, we recommend the “Pay as You Go” plan as it has no monthly fee and the comparably low activation fee. |
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ACE Elite Visa Prepaid Card Fee Examples
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 ACE Elite Visa Prepaid Card*
| Activation Fee: | $3.95 | Card Limit: | $5000 |
| Monthly Fee: | $5.00 | ATM Withdrawal:** | $2.50 |
| Signature Transactions:*** | $0.00 | ATM Balance Inquiry: | $0.00 |
| PIN Transactions:*** | $0.00 | Bill Payments: | $0.00 |
The ACE Express Elite prepaid Visa with the “Fee Advantage Direct Deposit” plan has a simple fee structure. You pay for ATM transactions and a low monthly fee. Point of sale PIN and signature debit transactions are FREE.
Notes:
* Fees verified as of 01/27/2011. 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 ACE Elite Visa Prepaid 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.
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