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Green Dot Card Card Review

 
Green Dot Card
Green Dot Card
Green Dot Card

 
Overview
 

Average Monthly Fees and Costs:
$11.31
 
Product Details:
  • Free online bill pay.
  • Free direct deposit.
  • Monthly fee waived by loading at least $1,000 a month or using the card 30 times per month
  • Card is free online or $4.95 at retail store
  •  
    Activation Fee: $0.00
     
    Monthly Fee: $5.95
     
    Card Limit: N/A
     
    PIN Transaction Fee: $4.95
     
    Signature Transaction Fee: $4.95
     
    ATM Withdrawal Fee: $0.00
     
    ATM Balance Inquiry Fee: $0.50
     
    ATM Out of Network Withdrawal Fee: $2.50
     
    ATM Out of Network Balance Inquiry Fee: $0.50
     
    ATM Withdrawal Limit: N/A
     
    Bill Payment Fee: N/A
     
    Bill Payment Limit: N/A
     
    Bank Teller Cash Fee: $2.50
     
    Bill Pay Expedited Service Fee: N/A
     
    Inactivity/Maintenance Fee: N/A
     
    Cash Load Fee (* asterisk indicates third party fees): $4.95
     
    Wire Fee: N/A
     
    ACH Debit Fee: N/A
     
    Card Purchases (SIgnature) Daily Limit: $2,500
     
    Card Purchases (PIN) Daily Limit: $2,500
     
    Send Money Limit: N/A
     
    Card Reviews: ,
     
Card Features
 
 
 
 
 


 
Initial Fees
 
 
 
 
 


 
Average Monthly Fees
 
 
 
 
 


 
Bill Pay Fees / Features
 
 
 
 
 


 
Loading Fees / Options
 
 
 
 
 


 
Total Score
 
 
 
 
 


User Rating
15 total ratings

 

Things We Like


Large network of free nationwide network of 22,000 MoneyPass® ATMs. Free Mobile app and text. Easy bill pay.

Things We Dislike


Avoiding the $5.95 monthly charge requires 30 qualifying purchases or loading at least $1,000 each month.


4
Posted November 11, 2015 by

 
Full Article
 
 

The Green Dot reloadable prepaid card is available as both a MasterCard and Visa, meaning you can use whichever version you select wherever you see the Visa or MasterCard logo. Although you can get either type of the Green dot card at many retailer locations – such as Walgreens, Walmart, and Dollar Tree – your best bet is to go online, where the card is free instead of the $4.95 it can cost in-store.

Several reloading options provide convenience, although that ease of use can come at a price. Depositing your paycheck via direct deposit is free but adding cash at retail locations by using MoneyPak or cashing a check can run a whopping $4.95 per transaction.

Withdrawals from ATMs in the MoneyPass network are free, but using out of network ATMs or bank tellers to get cash will cost you $2.50. Also, if you take your card overseas you will be charged a fee of 3% for every transaction you make. Don’t take your card overseas.

To replace a lost or stolen card or add a second card to an existing account will cost $4.95 (unless you opt to purchase the VIP card).

Bottom line: Green Dot’s prepaid offering is neither exceptionally good nor bad. There are no standout features, but it also doesn’t charge outlandish fees. Still, be aware of how you use it because fees can add up quickly if you don’t make smart decisions about reloads and
cash withdrawals.

Enhanced by Zemanta

Curtis Arnold

 


4 Comments


  1.  
    Reed Blower

    Greetings! Very helpful advice within this post! It is the little changes which will make the greatest changes. Thanks for sharing!




  2.  
    Heather

    I bought a Walmart money card for fuel discounts. If you have a voided transaction or cancelled transaction they hold the money for 10 – 16 days. I purchased $600 of clothes over the Internet from a clothing store during Christmas. The did not have one shirt in stock. They cancelled my approval amount and ran the card for $675. My balance showed I had money in my account when I called or if I checked my balance online, but if I tried to use my card it would be declined. I was told it would take 16 days for the cancelled amount to show back in my account. I have also had clerks at stores void transactions if they made a mistake or charged my card more than one time. This money is also held for 10 – 16 days. Please also list the amount of time these banks hold money for. That would make a big deciding factor on what cards to use. Thank you




    •  

      Thanks for your comments, Heather. You make an excellent point about the lengths of time on money holds for voided and cancelled transactions. That is something that should be made more evident. As we do updates and re-review cards, we hope to collect that information. I was not realizing that the hold period was quite that long.





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