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T-Mobile Visa Prepaid Card

 

 
Overview
 

Average Monthly Fees and Costs:
$9.28

 
Product Details:
  • No monthly fee if you are a T-Mobile customer or if you load more than $500 during the preceding monthly billing cycle.
  • Free cash loading at T-Mobile locations if you are a T-Mobile customer.
  • PIN and signature transactions are free.
  • Visa branding
    •  
      Activation Fee: $0.00
       
      Monthly Fee: $5 (monthly fee waived for T-mobile customers or cardholders who load $500 or more on the Card during the preceding monthly billing cycle)
       
      Card Limit: n/a
       
      PIN Transaction Fee: $0.00
       
      Signature Transaction Fee: $0.00
       
      ATM Withdrawal Fee: $4.00
       
      ATM Balance Inquiry Fee: $0.00
       
      ATM Out of Network Withdrawal Fee: $4.00
       
      ATM Out of Network Balance Inquiry Fee: $0.00
       
      ATM Withdrawal Limit: $500
       
      Bill Payment Fee: $0.00
       
      Bill Payment Limit: n/a
       
      Bank Teller Cash Fee: $2.00
       
      Bill Pay Expedited Service Fee: $10.00
       
      Inactivity/Maintenance Fee: n/a
       
      Cash Load Fee (* asterisk indicates third party fees): $3.95 *$3.00 - $3.95
       
      Wire Fee: n/a
       
      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 Features
 
 
 
 
 


 
Initial Fees
 
 
 
 
 


 
Average Monthly Fees
 
 
 
 
 


 
Bill Pay Fees / Features
 
 
 
 
 


 
Loading Fees / Options
 
 
 
 
 


 
Total Score
 
 
 
 
 


User Rating
3 total ratings

 

Things We Like


The lack of PIN or signature fees is nice as is the lack of in-network ATM charges. This can be a low fee card if you are a T-Mobile customer.

Things We Dislike


Difficult to predict what your annual charges will be if you are not a T-Mobile customer.


0
PostedFebruary 11, 2014 by

 
Full Article
 
 

Wireless carrier T-Mobile made a splash when it launched its new prepaid Visa card in January. The T-Mobile Visa Prepaid Card works very similarly to many other prepaid debit cards, but there are some very specific differences. For instance, there’s no charge to get a card so long as you pick it up at a T-Mobile store. Purchasing the card elsewhere will cost you $4, though that fee will be refunded within 30 days if you are a T-Mobile customer. Significantly, there is no monthly account maintenance fee or reload fees for T-Mobile customers who add cash at the company’s stores. If you reload elsewhere, it will cost between $3.00 and $3.95 (varies by retailer). But for T-Mobile customers even that fee is refunded for reloads of $300 or more. T-Mobile customers also get free international ATM withdrawals and free domestic ATM balance inquiries.

For non T-Mobile customers, there is a fee for reloading, even at T-Mobile locations. But again, that charge is waived for reloads of $300 or more. Also, the monthly fee of  $5 charged to non T-Mobile customers is waived if you load $500 or more on the card during the preceding monthly billing cycle. All of this makes it bit difficult to predict what the annual charges will be for non T-Mobile customers who get the card.

Bottom Line: If you are a T-Mobile customer, the lack of a monthly fee and free cash loading and other perks make this a good product. If you are not a T-Mobile customer, the fees can definitely add up and how they are assessed is confusing enough to warrant skipping it.


Curtis Arnold

 


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