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Prepaid Debit Cards With No Fee

Western Union Prepaid Debit Card Review

By Jacobey Larstons on June 11, 2012

If you are searching for a prepaid debit card with low fees then the Western Union Prepaid Card may be the right choice for you. This card carries some of the lowest fees of any offer on the market, most remarkably there is no maintenance fee.

Western Union is actually offering two prepaid cards; the gold debit card and the moneywise reloadable card. Both of these cards operate in a very similar fashion and the only notable difference we see between them is that the gold prepaid card will offer a rewards program.

These cards have been created for individuals with a bad credit history or no credit record. For applicants of both the moneywise and gold prepaid cards there is no credit check to be approved.

Instead the only approval requirements are that you are 18 years of age, have a verifiable Social Security number, and a valid US mailing address. These prepaid cards are often used as a great alternative for individuals looking for bank that does not use Chexsystems.

This is because they can be a great tool to avoid paying check-cashing fees, and even spending the time and hassle of driving to the store to get your check cashed. Instead you can sign up for direct deposit.

Western Union is not going to charge you any fees to use direct deposit. This on average will save an individual that pays check-cashing fees over $150, every year! Furthermore by using direct deposit you will have quicker access to your money which many cardholders find very useful towards the end of the month.

You're also going to be given online bill pay, this is a convenient method where you can login online to your Western Union Prepaid Card Account and have a payment sent to pay any of your bills. You will need to fill in the name of the business or individual you want to pay, the amount of the payment, the date you want the payment sent, and the address.

This is ideal for people without access to a checking account because you no longer have to spend money buying money orders and spend more money buying stamps and mailing a payment. You can sign up for free text alerts about your account balance and account activity.

Like all prepaid cards this one does carry some fees such as a $1.95 ATM fee, and if you deposit money using cash there is a $4.95 fee. However you are not going to be charged an activation fee, a monthly fee, or any late fees.

Other prepaid debit cards charge up to $19.95 for an activation fee and also a $19.95 monthly fee. Some of these card offers have littered in the fine print additional fees such as talking to a customer service representative and we have even seen one card charge a transaction fee.

In other words with that card they charged you a $1.00 transaction fee every time you made a purchase. Clearly you can see it is important to spend the necessary time to read the fine print of any card offer before you apply.

The Western Union prepaid card is hands-down one of the lowest fee reloadable debit cards. There are no fees hidden in the fine print and in our humble opinion this is one of the better options available. It is issued as a MasterCard and will provide you with a $0 fraud liability guarantee, just in case you ever become the victim of identity theft or simply lose your card.

Original article published on SooperArticles.com

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