A reloadable card works like a debit card, except that you preload funds onto the card with cash rather than use the card to access money held in a checking account. ... To make the card reloadable with ATM access, direct deposit and other features, you'll have to register the card and upgrade the account.
Budgeting With Reloadable Prepaid Cards
For many consumers, including yours truly, a reloadable prepaid debit card can make it easier to maintain discipline and control spending. Prepaid cards aren't credit cards.
The Walmart MoneyCard is a prepaid debit card that offers a safer, more convenient way to pay than cash. ... You can use your MoneyCard wherever Visa debit cards are accepted. If your card is ever lost or stolen, just let us know and we'll cancel that card and send a replacement. (Fees may apply.)
Depending on the card, you may be able to load and reload online, using cash at a participating retail store (such as Target or Walmart), or automatically, using a credit card, a wire transfer or direct deposit. Not all cards allow all these reload methods.
How do I add money to my prepaid card?
Prepaid credit cards are beneficial because consumers can deposit money onto them, and don't have to worry about accruing too much debt. Plus, prepaid credit cards can be used to withdraw funds from an automatic teller machine (ATM).
Bluebird by American Express: Cheapest. Movo Virtual Prepaid Visa: Cheapest. Fifth Third Access 360° Reloadable Prepaid Card: Best for ATM withdrawals.
The 9 Best Zero-Fee Reloadable Prepaid Cards
2. Visa Gift Cards are Sold in Stores. Walk into any major grocery store, drug store or gas station and you will likely find a rack of gift cards. Among the cards for stores and restaurants, you'll also see general purpose gift cards powered by major credit card companies.
Discover the advantage of reloadable debit cards for your banking needs. ... All the benefits of banking without the fees. Add cash for free at Walmart and manage your money with flexible, convenient tools.
Can someone else put money on my Walmart card? Sending money to friends & family in the U.S. is free and there is no charge to the recipient to receive the money. Recipients can add money to a Walmart MoneyCard, PayPal account or any other card issued by Green Dot Bank.
Now, reloading a prepaid card with a credit card is pretty rare. One way is to use cash advance checks that come with a credit card. By making the check out in the card holder's name, one can cash the check-in a retail store or check cashing center.
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