After regularly featuring his credit card, credit monitoring and identity theft analysis on NextAdvisor.com, he joined the CreditCards.com and Bankrate.com teams as a staff writer to develop product reviews and comprehensive credit card guides focused on cash back, credit scores and card offers. Card activation and identity verification required before you can use the Card Account. or originating bank. Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. To order a Card, provide your name, mailing address and email address. For a complete list of fees, please refer to the fee schedule in the Cardholder How To Get a Personal Loan With Fair Credit, How to Use a Personal Loan to Build Credit. When you open a Self account, a loan is placed into a certificate of deposit, which you must pay back. If Cardholder is subject to 4 Fees for bank transfers are determined by the transferor's bank and may be charged to the transferor's bank account by the service provider Certain products and services may be licensed under U.S. Patent Nos. Each purchase will cost $1.50, but the $9.95 monthly plan may save you money depending on how often youll use your card. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. Republic Bank & Trust Company and Mastercard are not affiliated in any way with this optional offer and do not endorse or sponsor this offer. There is a signature transaction fee of $1.50 every time a merchant requires signature-based authentification. Personal Loan Vs. Line Of Credit: Which Is Better? The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. You have money questions. Sponsored by: Netspend Corporation, 5900 Airport Boulevard, Austin TX, 78752. Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision. Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders But if youre a Brinks Preferred Benefits cardholder, the issuer may give you up to a $10 negative balance as a courtesy, offering some wiggle room if youre in a pinch. This is a third-party fee and is subject to change. Through his thorough card reviews and product comparisons, Nouri strives to demystify personal finance topics and credit card terms and conditions to help readers save money and protect their credit score. Approved purchase transactions may create up to a $10.00 negative balance on your Card Account. now = new Date(); Unapproved checks will not be funded to your card. Cardholder is responsible Plan. Brink's, Incorporated operates in the State of Texas under DPS License C00550 Because Savings I mention reloading because it would be IMHO, the only reaso. now = new Date(); Our experts have been helping you master your money for over four decades. The maximum allowable savings account balance is $5,000. The Brinks Prepaid Mastercard goes above and beyond our expectations for a prepaid debit card. Fee if (theYear < 1900) theYear = theYear + 1900; For purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at Republic Bank & Trust Company will be aggregated Features 10.0/10. Open to legal residents of the 50 U.S. or DC, and legal age of majority prior to time/date of entry. $1.00 per declined transaction. Answer: It depends on the country where the card is issued. 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Cardholder may enroll in the Monthly Plan to pay a flat fee of $9.95 per month instead of paying a fee for every purchase transaction under the Pay-As-You-Go Certain products and services may be licensed under U.S. Patent Nos. Approval review usually takes 3 to 5 minutes Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card. Bankrate has answers. delay availability of funds with or without notice. - 8 PM. Fee is determined and assessed by operator of Netspend Reload Network Use the Brink's Money Prepaid Mobile App to manage your Card Account on the go and enroll to get text message or email alerts (Message & data rates may apply.) Securing cash and valuables since 1859. 7 The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. Do Private Student Loans Have a Statute of Limitations? deducted from check total prior to loading your Card Account. See full Official Rules for details. ++During checkout, select "CREDIT" on the keypad to make a Signature Purchase, or select "DEBIT" and enter your PIN to make a PIN Purchase. financial product. (CT) [email protected] Brink's Paycard 1-855-627-4657 Monday - Friday: 6 AM. document.write(theYear); You will need to pay $9.95, if you need a card replacement. The Brink's Prepaid Mastercard is designed for consumers who want the convenience of paying with plastic but don't want (or don't qualify) for a regular credit card. The Brink's Money Prepaid Mobile App gives you the power to manage your money on the go from the palm of your hand - View your transaction history and balance - Send money to friends and family 1 - Move money to and from Savings Account - Find the closest reload locations - Load checks using mobile image capture 2 See the Cardholder Agreement for details. Business Loans for New Businesses: What You Need To Know ? The interest rates and APYs of each tier may change. Use your Brink's Money Prepaid Mastercard to shop online, in stores, on the phone basically anywhere Debit Mastercard is accepted! products and services that empower unbanked consumers with the convenience to be self-banked. Their use does not signify or suggest the endorsement, The redemption options can be valuable, but the point values and higher-yield reward opportunities are a bit foggy unless you already have an account. Interest is NOTE: Fees assessed to your Card Account balance may bring your Card Account balance negative. It's secure, fast, and free. up to the coverage limit, currently $250,000.00. editorial policy, so you can trust that our content is honest and accurate. Certain products and services may be licensed under U.S. Patent Nos. Reward offers are based on individual shopping habits. Fees may apply.3, Use our mobile apps, Anytime Alerts and Online Account Center to access your money and Card Account wherever you are.6, With $500 in qualifying direct deposits, you get access to a $10 Purchase Cushion7, Reduced Monthly Plan8, and an optional Savings Account.9, The Brink's Show Me The Money Truck Sweepstakes is delivering cash prizes with a chance to win every month!.8. We may also ask to see your driver's license or other identifying information. editorial integrity, For example, the American Express Serve Cash Back prepaid card earns unlimited 1 percent cash back on all purchases in exchange for a $7.95 monthly fee. Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. While the Brinks Prepaid Mastercard is a solid option, you can find better rewards and fewer fees with other prepaid credit cards or a debit card. Login. When it comes to rewards cards centered around cash back on everyday purchases, you typically want your points to be worth at least 1 cent apiece for a 1 percent cash return. Where the Discover it Secured Credit Card really outshines compared to the Brinks Prepaid is its reduced fees. $5.95 for processing and mailing of a return of funds check at Card Account closure. If your identity is partially verified, full use of the Card Account will Fee to send money is determined and assessed by Western Union. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Because the Payback Points programs terms are a bit vague, its difficult to tell the exact point value. No minimum balance necessary to open Savings Account or obtain the yield(s). Void where prohibited. Netspend is the federally registered U.S. service mark of Netspend Corporation. Brinks Preferred Benefits members may choose to open an optional FDIC-insured savings account with Republic Bank & Trust Company. * See the online application for details about terms and conditions for these offers. 6,000,608 and 6,189,787. The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. We value your trust. 6,000,608 and 6,189,787. No minimum balance necessary to open Savings Account or obtain the yield(s). Residents of Vermont are ineligible to open a Card Account. The Brink's Prepaid Mastercard offers bank-level features without hefty fees. Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. Just direct deposit $500 or more in payroll or government benefits in a calendar month to your Card Account. For and everyday life! Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. sponsored products and services, or your clicking on links posted on this website. Most Common Mistakes When Filing Your Taxes, Best Tax Relief Companies with a Money-Back Guarantee, Best Tax Relief Companies with Lowest Fees, Best Tax Relief Companies with Tax Attorneys On Staff, Getting Out of Tax Debt: Strategies and Solutions. Domestic ATMs only charge a $2.50 withdrawal fee. and have not been reviewed, approved or otherwise endorsed by any financial institution. Fee is assessed to transferor's account when the transfer is Fee is determined and assessed by operator of Netspend Reload Network location, and varies depending on location. Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. The company you trust offers you the features and benefits you deserve to create a more convenient way to bank. See the Cardholder Agreement for details. Neither Plan Fee option includes any other fees. However, Visa cards tend to offer more perks on base cards than Mastercard credit cards, and the Brinks Prepaid is also missing the Netspends virtual card number and additional savings account banking options. CONSUMER DISCLOSURE: NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN. Reverse Mortgages: When Do They Make Sense? document.write(theYear); Netspend is a registered agent of Republic Bank & Trust Company. money on your Card via Western Union Money Transfer. For consumers, the Brink's Money card can be used in stores, restaurants and online, and provides access to cash at ATMs around the world. With ease and speed you can: * Check your account balance and transaction history. And your money is FDIC Insured by Republic Bank & Trust Company, Member FDIC, upon card activation and identity verification. 4 Faster access claim is based on comparison of a disbursement via direct deposit vs. disbursement via a mailed paper check. plus you get: Use your Card in everyday places and you could earn cash back offers back to your Card Account. January 21, 2022 by William Nelson A prepaid Mastercard can provide people without credit or debit cards a way to shop online. See the Cardholder Agreement for details. The information, including card rates and fees, is accurate as of the publish date. How to Find a Money Transfer Service Near Me? So you can avoid interest payments, bounced checks, or overdraft fees. IRS Tax Debt Relief Program: What Is It and Do You Qualify? Can you run a netspend card as credit? Prepaid Debit Cards from, in App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC. Prepaid cards only allow you to spend money already in your account. NO PURCHASE NECESSARY. From bill pay to a mobile app, text alerts to a purchase cushion, the Brinks reloadable debit card is one of our top rated prepaid cards. (including, for example, the order in which they appear). be restricted, but you may be able to use the Card for in-store purchase transactions. Certain products and services may be licensed under U.S. Patent Nos. Meanwhile, the Brinks Prepaid can (and will) charge you almost $6 a month after 90 days of inactivity, which further eats into your balance. Just a dollar-for-dollar match. Fraud prevention However, if used correctly, it can be handy in a bind and help people financially establish themselves before graduating to checking accounts and secured credit cards. Another feature is the $10 Purchase Cushion: Brinks will create a $10 negative balance on the account to cover any overdrafts. Republic Bank & Trust Company and Mastercard are Brinks Prepaid Mastercard vs. other starter cards, Connect with Garrett Yarbrough on LinkedIn, One Time $9 - $15 Account Fee (Varies by Product), , you do have to put down a security deposit of at least $200, but you can enjoy rewards on your purchases, just like with the Brinks Prepaid, only without the purchase transaction fees if you opt for the pay-as-you-go plan. You'll also get text alerts each time the card is used so you'll always know the balance and you'll remain protected from unauthorized purchases. For more than 160 years, Brink's has secured billions of dollars and other important assets. This editorial content is not provided by any financial institution. Ingo 8. Use Direct Deposit If the Average Daily Balance is more than $1,000.00, the interest rate paid on the portion of the Average Daily Balance which exceeds $1,000.00 will be 0.49% with an APY of 0.50%, and the interest paid on the portion of Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. , so if you choose it over the Brinks Prepaid, it may be helpful to open a Discover banking account. Card activation and identity verification required before you can use the Card Account. Prizes include (4) Grand Prizes valued at $5,000 each; (12) First Prizes valued at $500 each, (12) Second Prizes valued at @250 each, and (12) Third Prizes valued at $100 each. The Pay-As-You-Go Plan is the default Plan Fee on the Card Account. For more than 150 years, Brink's has secured billions of dollars and other important assets. Approved purchase transactions may Program sponsor: Netspend Corporation. Brink's gives you the peace of mind you deserve. All rights reserved. No charge for this service, but your wireless carrier may charge for messages or data. It's well-known and trusted by consumers and retailers alike, has an enormous network, and this prepaid credit card has pretty low fees compared to others in the industry. Void where prohibited by law. His areas of expertise include credit card strategy, rewards programs, point valuation and credit scores, and his stories on building credit have been cited by Mic.com, LifeHacker, People.com and more. Bankrateexpert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. Percentage taken of total check amount. To participate in the Savings The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. How Prepaid Debit Cards Can Help You Budget, Compare Credit Counseling Services Reviews, Expert Tips On Repairing Your Credit Score, Re-Establishing and Restoring Your Credit, Compare Debt Settlement Companies Reviews. How to Open a Brinks fire Safe. institution. (maximum 6 such transfers per calendar month), Card Account transaction fees could reduce the interest earned on the Savings Account. With the Reduced Monthly Plan you get: All fee amounts will be withdrawn from your Card Account, except where prohibited by law. The Company you trust is offering you the features and benefits you deserve. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company pursuant to a license by Mastercard International Incorporated.