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Western Union MoneyWise Card

 
western union 300 x 170
western union 300 x 170
western union 300 x 170

 
Overview
 

Average Monthly Fees and Costs:
$0.90

 
Product Details:
  • $2.95 monthly fee waived any month with a direct deposit of $100 or more
  • Free Activation
  • Free Payroll and Government Benefit Direct Deposit
  • Reloadable
  • Protected by MasterCard's Zero Liability
 
Activation Fee: $0.00
 
Monthly Fee: $0.00
 
Card Limit: $10,000
 
PIN Transaction Fee: $0.00
 
Signature Transaction Fee: $0.00
 
ATM Withdrawal Fee: $1.95
 
ATM Balance Inquiry Fee: $0.45
 
ATM Out of Network Withdrawal Fee: N/A
 
ATM Out of Network Balance Inquiry Fee: N/A
 
ATM Withdrawal Limit: $500
 
Bill Payment Fee: N/A
 
Bill Payment Limit: N/A
 
Bank Teller Cash Fee: N/A
 
Bill Pay Expedited Service Fee: N/A
 
Inactivity/Maintenance Fee: $2.95
 
Cash Load Fee (* asterisk indicates third party fees): $0.00
 
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
 
 
 
 
 
4.5/5


User Rating
4 total ratings

 

Things We Like


Free direct deposit and a free mobile app as well as several money transfer options.

Things We Dislike


Low on features and high on some fees, especially ATM withdrawals.


Bottom Line

Western Union is already one of the most recognizable cogs in the very global system of money transfers. But beyond its visible role helping residents in one country support family members in another, Western Union is also in the prepaid debit card business. Currently, the company offers the Western Union MoneyWise Card and the Western Union® […]

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PostedJune 27, 2013 by

 
Full Article
 
 

Western Union is already one of the most recognizable cogs in the very global system of money transfers. But beyond its visible role helping residents in one country support family members in another, Western Union is also in the prepaid debit card business. Currently, the company offers the Western Union MoneyWise Card and the Western Union® My WU® Prepaid MasterCard. The main difference between the two is that use of My WU can earn cardholders points on qualifying Western Union transactions, which can be redeemed for discounts on WU® transfer fees and cash back.

Like the majority of prepaid debit cards, both of Western Union’s offerings provide free loading and reloading via direct deposit and a free mobile app. As one might expect from a company that knows a thing or two about how to transfer money, Western Union also allows its prepaid cards to be loaded for free via bank account transfers and, you guessed it, through Western Union® money transfers. Keep in mind, though, that if you add money at a retail location it will cost between $2.95 and $4.95.

A very big downside with Western Union’s prepaid debit cards is the lack of an ATM network. That means every withdrawal from an ATM will cost $1.95, a pretty steep charge if you need to get cash frequently.

Bottom line: This card doesn’t have any exceptional features. If you’re already a Western Union customer, the My UW card might be an appealing way to boost your Western Union reward earnings. But the question consumers will have to ask themselves is whether or not those points are worth the potentially high fees that come with them.


Curtis Arnold

 


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