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PayPower Visa Prepaid Card

 
PayPower_Visa_Prepaid_Card_871584
PayPower_Visa_Prepaid_Card_871584
PayPower_Visa_Prepaid_Card_871584

 
Overview
 

Average Monthly Fees and Costs:
$14.13

 
Product Details:
  • $0 activation fee when you signup online!
  • Earn $20 with free direct deposit of your employer paychecks on to your PayPower card
  • Earn $30 when you direct deposit your government benefits checks on to your PayPower card
  • Refer a friend and earn $20 when they sign up
  • No Credit Check, Overdraft Fees, Minimum balances or existing bank account required
  • Use everywhere Visa debit cards are accepted, including online and at ATM's Safe and secure alternative to cash and funds are protected by the Visa Zero Liability policy
  • Monthly Fee (up to): $5.95*
  • Credit Needed: No Credit Check
    •  
      Activation Fee: $0.00
       
      Monthly Fee: $5.95
       
      Card Limit: N/A
       
      PIN Transaction Fee: $0.00
       
      Signature Transaction Fee: $0.00
       
      ATM Withdrawal Fee: $1.95
       
      ATM Balance Inquiry Fee: $0.00
       
      ATM Out of Network Withdrawal Fee: N/A
       
      ATM Out of Network Balance Inquiry Fee: N/A
       
      ATM Withdrawal Limit: N/A
       
      Bill Payment Fee: N/A
       
      Bill Payment Limit: N/A
       
      Bank Teller Cash Fee: $2.00
       
      Bill Pay Expedited Service Fee: $9.95
       
      Inactivity/Maintenance Fee: $5.95
       
      Cash Load Fee (* asterisk indicates third party fees): $3.95
       
      Wire Fee: $0.00
       
      ACH Debit Fee: N/A
       
      Card Purchases (SIgnature) Daily Limit: N/A
       
      Card Purchases (PIN) Daily Limit: N/A
       
      Send Money Limit: N/A
       
      Card Reviews: ,
       
Card Features
 
 
 
 
 


 
Initial Fees
 
 
 
 
 


 
Average Monthly Fees
 
 
 
 
 


 
Bill Pay Fees / Features
 
 
 
 
 


 
Loading Fees / Options
 
 
 
 
 


 
Total Score
 
 
 
 
 
3/ 5


User Rating
no ratings yet

 

Things We Like


Bonuses for depositing checks. Government benefit checks can earn $30, and direct-deposit paychecks can earn $20 (conditions apply). Referral bonuses also available.

Things We Dislike


The bill-pay feature is handy, and the card does not charge a fee for purchases.


0
Posted June 20, 2013 by

 
Full Article
 
 

These cards come with a $5.95 monthly fee, and fees for withdrawals are unavoidable. While direct-deposit is free, adding cash via ReadyLink costs about $3.95 (it can vary by retailer).  The bill-pay feature is handy, and the card does not charge a fee for purchases.

  • Bonuses for depositing checks. Government benefit checks can earn $30, and direct-deposit paychecks can earn $20 (conditions apply). Referral bonuses also available.
  • Deposits FDIC insured. PayPower Visa cards are issued by MetaBank, and money deposited on the card is FDIC-insured.
  • Electronic bill pay and text alerts. It’s easy to set up alerts to keep up with your balance (also wise – balance inquiries at ATMs are 50 cents apiece).
  • Secondary cardholder allowed. The primary cardholder must be at least 18, and so does the secondary cardholder, so this is not an appropriate card for an allowance.
  • Visa branding. This means wide acceptance.

Bottom line: Fees are on the high side, and there are few ways to avoid or minimize them. The bonus program may hold appeal for some, but be sure the money gained isn’t consumed by fees.

Setup fee: $3.95 fee for initial card unless ordered online (free)

ATM withdrawal fee: $1.95

ATM balance inquiry: 50 cents

Monthly maintenance fee: $5.95

 

What we like: There is no fee for talking to customer service, and Visa’s Zero Liability policy applies. The bill-pay and text alerts features are also appealing.

What we don’t like: There is no fee-free network, so every ATM withdrawal results in a fee — $1.95 plus whatever the ATM owner charges. Maintenance fees are also on the high side, and though secondary users are allowed, they must be 18.

 

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Curtis Arnold

 


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