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Prepaid card fee disclosure chart

Summary

We checked the disclosure of fees for 10 widely available prepaid cards. Here’s what we found

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See main story: “Most prepaid cards fail to disclose fees

COMPARE FEE DISCLOSURES OF 10 MAJOR PREPAID DEBIT CARDS
How well do prepaid debit cards disclose their fees before you buy them? CreditCards.com checked 10 major reloadable prepaid cards to find out. We found the cards at retailers and payday loan stores around Austin, Texas, during March and April, 2016. We noted which fees were disclosed to consumers before purchase. Then we compared those disclosures to the model disclosure published by the Consumer Financial Protection Bureau. Here’s how the cards stack up.
\u25cf Disclosed    \u25cfNot disclosed    \u26aa N/A
Type of fee
ACE Elite Card (ACE Cash Express)American Express BluebirdAmerican Express ServeGreen Dot Prepaid Visa GoldMyVanillaNetSpendOpt+ (Speedy Cash)PayPower Prepaid VisaReadyDebit GoldWalmart MoneyCard (Green Dot)
Monthly fee*\u25cf\u26aa\u25cf\u25cf\u26aa\u25cf\u25cf\u25cf\u25cf\u25cf
Per purchase – signature\u25cf\u26aa\u26aa\u26aa\u25cf\u25cf\u25cf\u26aa\u26aa\u26aa
Per purchase – PIN \u25cf\u26aa\u26aa\u26aa\u25cf\u25cf\u25cf\u26aa\u26aa\u26aa
ATM withdrawal in-network\u26aa\u26aa\u26aa\u26aa\u25cf\u26aa\u26aa\u25cf\u26aa\u26aa
ATM withdrawal non-network**\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf
Cash reload**\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf\u26aa\u25cf\u26aa\u25cf
Credit related fees***
\u25cf\u26aa\u26aa\u26aa\u26aa\u25cf\u26aa\u26aa\u26aa\u26aa
ATM balance inquiry****\u26aa\u26aa\u26aa\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf
Customer service per call*****\u26aa\u26aa\u26aa\u26aa\u26aa\u26aa\u26aa\u26aa\u26aa\u26aa
Inactivity fee\u25cf\u26aa\u26aa\u26aa\u25cf\u25cf\u26aa\u26aa\u26aa\u26aa
Incidence-based fee 1******\u25cf\u26aa\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf
Incidence-based fee 2\u25cf\u26aa\u26aa\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf
Incidence-based fee 3\u25cf\u26aa\u26aa\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf\u25cf
* Cards may offer choice of monthly or per-transaction fee; some may have $0 monthly fee in some states but charge a fee in others.
** Varying amounts may not be disclosed if it is noted that third party fees may apply.
*** Overdraft services require separate sign-up.
**** No-cost text alternative may be provided.
***** Balance inquiries not included in customer service call fee.
****** Incidence-based fees may include additional card or lost card fee, foreign transactions, international ATM use, paper statement, balance liquidation check, declined transaction fee, stop payment fee and bill payment fee.

Source: CreditCards.com research, March-April, 2016

 

How well do prepaid debit cards disclose their fees before you buy them? CreditCards.com checked 10 major reloadable prepaid cards to find out. We found the cards at retailers and payday loan stores around Austin, Texas, during March and April, 2016. We noted which fees were disclosed to consumers before purchase. Then we compared those disclosures to the model disclosure published by the Consumer Financial Protection Bureau. Here’s how the cards stack up.
COMPARE FEE DISCLOSURES:
10 MAJOR PREPAID DEBIT CARDS
\u25cf Disclosed    \u25cfNot disclosed    \u26aa N/A
Type of fee1.
ACE Elite Card (ACE Cash Express)
2.
American Express Bluebird
Monthly fee*\u25cf\u26aa
Per purchase – signature\u25cf\u26aa
Per purchase – PIN \u25cf\u26aa
ATM withdrawal in-network\u26aa\u26aa
ATM withdrawal non-network**\u25cf\u25cf
Cash reload**\u25cf\u25cf
Credit related fees***\u25cf\u26aa
ATM balance inquiry****\u26aa\u26aa
Customer service per call*****\u26aa\u26aa
Inactivity fee\u25cf\u26aa
incidence-based fee 1******\u25cf\u26aa
incidence-based fee 2\u25cf\u26aa
incidence-based fee 3\u25cf\u26aa

 

\u25cf Disclosed    \u25cfNot disclosed    \u26aa N/A
Type of fee3.
American Express Serve
4.
Green Dot Prepaid Visa Gold
Monthly fee*\u25cf\u25cf
Per purchase – signature\u26aa\u26aa
Per purchase – PIN \u26aa\u26aa
ATM withdrawal in-network\u26aa\u26aa
ATM withdrawal non-network**\u25cf\u25cf
Cash reload**\u25cf\u25cf
Credit related fees***\u26aa\u26aa
ATM balance inquiry****\u26aa\u25cf
Customer service per call*****\u26aa\u26aa
Inactivity fee\u26aa\u26aa
incidence-based fee 1******\u25cf\u25cf
incidence-based fee 2\u26aa\u25cf
incidence-based fee 3\u26aa\u25cf

 

\u25cf Disclosed    \u25cfNot disclosed    \u26aa N/A
Type of fee5.
MyVanilla
6.
NetSpend
Monthly fee*\u26aa\u25cf
Per purchase – signature\u25cf\u25cf
Per purchase – PIN \u25cf\u25cf
ATM withdrawal in-network\u25cf\u26aa
ATM withdrawal non-network**\u25cf\u25cf
Cash reload**\u25cf\u25cf
Credit related fees***\u26aa\u25cf
ATM balance inquiry****\u25cf\u25cf
Customer service per call*****\u26aa\u26aa
Inactivity fee\u25cf\u25cf
incidence-based fee 1******\u25cf\u25cf
incidence-based fee 2\u25cf\u25cf
incidence-based fee 3\u25cf\u25cf

 

\u25cf Disclosed    \u25cfNot Disclosed    \u26aa N/A
Type of fee7.
Opt+ (Speedy Cash)
8.
PayPower Prepaid Visa
Monthly fee*\u25cf\u25cf
Per purchase – signature\u25cf\u26aa
Per purchase – PIN \u25cf\u26aa
ATM withdrawal in-network\u26aa\u25cf
ATM withdrawal non-network**\u25cf\u25cf
Cash reload**\u26aa\u25cf
Credit related fees***\u26aa\u26aa
ATM balance inquiry****\u25cf\u25cf
Customer service per call*****\u26aa\u26aa
Inactivity fee\u26aa\u26aa
incidence-based fee 1******\u25cf\u25cf
incidence-based fee 2\u25cf\u25cf
incidence-based fee 3\u25cf\u25cf

 

\u25cf Disclosed    \u25cfNot disclosed    \u26aa N/A
Type of fee9.
ReadyDebit Gold
10.
Walmart MoneyCard (Green Dot)
Monthly fee*\u25cf\u25cf
Per purchase – signature\u26aa\u26aa
Per purchase – PIN \u26aa\u26aa
ATM withdrawal in-network\u26aa\u26aa
ATM withdrawal non-network**\u25cf\u25cf
Cash reload**\u26aa\u25cf
Credit related fees***\u26aa\u26aa
ATM balance inquiry****\u25cf\u25cf
Customer service per call*****\u26aa\u26aa
Inactivity fee\u26aa\u26aa
incidence-based fee 1******\u25cf\u25cf
incidence-based fee 2\u25cf\u25cf
incidence-based fee 3\u25cf\u25cf
* Cards may offer choice of monthly or per-transaction fee; some may have $0 monthly fee in some states but charge a fee in others.
** Varying amounts may not be disclosed if it is noted that third party fees may apply.
*** Overdraft services requires separate sign-up.
**** No-cost text alternative may be provided.
***** Balance inquires not included in customer service call fee.
****** Incidence-based fees may include additional card or lost card fee, foreign transactions, international ATM use, paper statement, balance liquidation check, declined transaction fee, stop payment fee and bill payment fee.

Source: CreditCards.com research

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The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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