The Green Dot Visa is a prepaid debit card. Often this is used by individuals that do not have a bank account.
It gives card holders free direct deposit, which can save you hundreds of dollars a year on expensive check cashing fees. In addition this is a real debit card accepted at millions of locations world wide.
There is no credit check or bank account required for approval. There is a $4.95 monthly fee but this fee is waived if you deposit $750 or more monthly.
It is accepted over the phone and online. Your cash can be accessed at 900,000 ATM locations in 120 different countries.
Frequent criticisms of this card are; the number of fees and poor customer service. It carries a reload fee of $4.95 when a MoneyPak is used to deposit funds.
These are purchased at retail locations such as; CVS, Walgreens, The Pantry, and more. You will also have to pay a $2.50 ATM fee and a $9.95 activation fee.
It is issued as a Visa or MasterCard through the Columbus Bank and Trust Company.
They do offer an upgrade to Premier Membership; the advantage is you will receive priority customer service. This upgrade costs an extra $20.
You can purchase this card at many retail locations or you can complete an online application and your card will be mailed in 7-10 business days.
Parents have found this card useful to teach their children money management skills. Additionally it is an easy way to send students money that are away at school.
Your money will be protected if your card is ever lost or stolen. It is a much safer alternative than carrying cash.
It can be used to pay bills and keep track of your spending. It is also an effective way of staying within a budget.
In sum we do not suggest this card. We are alarmed at the extra fees for priority customer service. We feel that when it comes to your hard earned money everyone is entitled to priority service.
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