What differentiates the The Mango Prepaid Mastercard from the other prepaid cards on this list is its ridiculous savings account that lets cardholders earn up to 6.00% APY. Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. 8. This editorial content is not provided by any financial institution. up to the coverage limit, currently $250,000.00. bank account, or get paid up to 2 days faster8 with no-cost Direct Deposit. 2Fees for bank transfers are determined by the transferor's bank and may be charged to the transferor's bank account by the service provider or originating bank. 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 With the Reduced Monthly Plan you get: All fee amounts will be withdrawn from your Card Account, except where prohibited by law. If Cardholder is subject to 6,000,608 and 6,189,787. Securing cash and valuables since 1859. * See the online application for details about terms and conditions for these offers. Notice this card charges a monthly maintenance fee of up to $9.95. Take cash to any of the over 130,000 Reload Locations in the Netspend Reload Network to fund your Card.3. Any opinions, analyses, reviews or recommendations expressed here are those of the authors alone, Open to legal residents of the 50 U.S. or DC, and legal age of majority prior to time/date of entry. Read More Trust us with your money and take advantage of the benefits such as a Personal Photo card. Cash back rewards are credited to your Card Account and are not available in the form Features 10.0/10. Securing cash and valuables since 1859.; With Brink's Direct Deposit, you can get paid faster than a paper check. 6,000,608 and 6,189,787. There's no minimum spending or maximum rewards. document.write(theYear); The interest rates and APYs of each tier may change. redemption parameters. If Unlike credit cards, however, they don't work on credit. There is no minimum balance. Keep in mind that if you want access to credit quickly, the Self Credit Builder Account with Secured Visa is not the path you should take. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. If As soon as you do, you are eligible for our Reduced Monthly Plan (just $5 per month compared to $9.95)5, This is a third-party fee and is subject to change. institution. In those cases, the Brinks Prepaid Mastercard is a solid prepaid credit card that offers a bit more flexibility than some competitors with its pay-as-you-go plan and $10 negative balance cushion. Points can be redeemed for cash back in the form of account credits, but you must log in to the Online Account Center or mobile app to see your other reward choices. So you can avoid interest payments, bounced checks, or overdraft fees. All rights reserved. Its hard to steer clear of these fees, especially considering the list of situational costs like a 4 percent foreign transaction fee, $5.95 90-day inactivity fee and even a $4.95 fee for a custom picture on your card. Luckily, these reward opportunities can easily fit into your regular spending since they are personalized around your purchases. These are variable rates and may change Republic Bank & Trust Company and Mastercard are not affiliated in any way with this optional offer and do not endorse or sponsor this offer. Please contact them directly through their website (https://brinkshome.com) or their toll-free number (800-447-9239). Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. cardholder receives $500 in payroll or government benefit direct deposits in 1 calendar month, cardholder will qualify for the Reduced Monthly 2Faster 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. 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. Call our automated, toll-free number 1 Brink's Business Expense. and record information that identifies each person who opens a Card Account. 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 Use of the Card Account is subject to activation, ID verification, and funds availability. Because the Payback Points programs terms are a bit vague, its difficult to tell the exact point value. If your identity is partially verified, full use of the Card Account will Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. Open only to U.S. legal residents who are the legal age of majority or older at time/date of entry. to see your driver's license or other identifying information. How to Get a Reverse Mortgage: 3 Steps to Getting an HECM. Territories, including Guam and Puerto Rico, and where prohibited by law. This compensation may impact how and where products appear on this site Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Enroll in Brink's Money Payback Points. Republic Bank & Trust Company and Mastercard are Certain products and services may be licensed under U.S. Patent Nos. 5. Meanwhile, the Brinks Prepaid can (and will) charge you almost $6 a month after 90 days of inactivity, which further eats into your balance. 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 All Rights Reserved. Even the rewards with the. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. Agreement. However, if you need a checking account and have no access to a traditional one, the Brinks can be helpful. However, credit score alone does not guarantee or imply approval for any Fee Bankrate.com is an independent, advertising-supported publisher and comparison service. Certain products and services may be licensed under U.S. Patent Nos. If you have a professional tax preparer, give them these Pros and Cons of Refinancing Your Mortgage, Questions to Ask Before Refinancing Your Mortgage, SuperMoney's Student Loan Refinance Marketplace, How To Get The Best Student Loan Refinance Rates. Netspend Corporation.All rights reserved worldwide. Ongoing rewards program boosts its long-term value, 130,000+ locations in the Netspend reload network, Pay-as-you-go plan offers flexibility with individual purchase fees instead of monthly fees, Shares valuable Netspend benefits, like a $10 courtesy cushion, Long list of fees make pay-as-you-go expensive, Nearly identical to the Netspend Visa Prepaid Card, Doesnt build credit and no additional security measures with Brinks. 4% of the U.S. Dollar amount of the purchase transaction. The company's mission is to develop 1, 2020. A Red Ventures company. Brink's secures valuables around the world. The Brinks Prepaid is only worth it in very specific situations, like if you cant open a traditional banking account. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. With theDiscover it Secured Credit Card, 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. It's at +100 if everybody recommends the provider, and at -100 when no one recommends. Savings vs. Money Market? (CT) brinksmoneypayroll@brinksinc.com Brink's Paycard 1-855-627-4657 Monday - Friday: 6 AM. The maximum balance you can have on Brink's Prepaid Mastercard is $15,000. mostly not recommended The Brink's Money Prepaid Mastercard lets you focus on the things that are most important in your life. See the Pay- No late fees or interest charges because this is not a credit card. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. More from our insights library: The True Costs of Manual Cash Management Manual cash management costs businesses time and money. Up to the Greater of 2.75% of the withdrawal amount or $4.00 per withdrawal. *Card issued by Republic Bank & Trust Company, Member FDIC. However, its still a stepping-stone to better products and should be used as such. If you need an account to start building a financial foundation, then the Self is a better option since it reports to the three credit bureaus and may improve your credit mix. are slightly higher than the Brinks Prepaid 2 percent back at restaurants and gas stations on up to $1,000 per quarter, then 1 percent, and 1 percent on everything else. Netspend Corporation.All rights reserved worldwide. Republic Bank & Trust Company, Member FDIC. Fraud prevention restrictions may delay availability of funds with or without notice. Transfer of funds via ACH from your Card Account to your bank account at another financial without notice pursuant to applicable law. Republic Bank & Trust Company, Member FDIC. - 10 PM. Brink's Prepaid Mastercard charges a monthly fee of up to $9.95. (Residents of the State of Vermont are ineligible to open a Card Account). Start to spend more time on the things that matter like family, friends and everyday life. 9 Bill payments may be subject to fees. The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. For one, setting up direct deposits with the Brinks card means funds are available up to 2 days earlier than with a bank. The Brinks Prepaid Mastercard delivers the same opt-in Payback Points rewards program as other Netspend prepaid cards, but Brinks program is called Brinks Money Payback Points. $4.95 per transfer via Customer Service Agent. identity. Their use does not signify or suggest the endorsement, As far as rates and fees go, the Brinks Prepaid Mastercard is virtually identical to the Netspend Prepaid Visa. What Are Different Types of Credit Cards? App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC. What bank is Brinks all access? of a check or other direct payment method. Neither Plan Fee option includes any other fees. Why Should You Get a Business Credit Card? The owner of this website may be compensated in exchange for featured placement of certain So, whether youre reading an article or a review, you can trust that youre getting credible and dependable information. Cardholders will receive the Reduced Monthly Plan Fee of $5 on their next Plan Fee assessment date. Still, the card offers two-day early direct deposit and a decent portfolio of handy Netspend benefits if youre a Brinks Preferred Benefits cardholder (load qualifying direct deposits of at least $500 in one month to be eligible). No minimum balance necessary to open Savings Account or obtain the yield(s). reduce the interest earned on the Savings Account. After qualifying, Monthly Plan Cardholders will receive the Reduced Monthly Plan Fee of $5 on their next Plan Fee assessment date. 6 Payback Rewards is an optional program. You could win up to $5,000 in the Brink's Show Me The Money Truck Sweepstakes. Rebekah Hovey is an editor with nearly a decade of experience creating and shaping content in finance-related and health care fields. 9 Custom Card Fee applies. to fraud prevention restrictions at any time, with or without notice. if (theYear < 1900) theYear = theYear + 1900; 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. The company you trust offers you the features and benefits. Domestic ATMs only charge a $2.50 withdrawal fee. Release Summary. calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. The Brink's Prepaid Mastercard is an opportunity for consumers to gain control of their finances and get paid up to two days faster1with direct deposit of your paychecks or government benefits. 1, 2020. Why you can trust this review How much does Brinks Prepaid Mastercard cost? Prepaid cards operate like debit cards in that you cant spend beyond your cards balance. Standard text message or data rates may apply. Mastery Wiki Search for: How; Who; +++To qualify for the Reduced Monthly Plan, your Card Account must receive qualifying direct deposits of paychecks and/or government benefits totaling at least $500 in one (1) calendar month. Use the Brink's Money Prepaid Mobile App to manage your account on the go and get text message or email alerts (Message & data rates may apply.) Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. Bankrate has answers. What are index funds and how do they work? See if you qualify for student loan refinancing and compare real time offers. You are always on the go. The Brinks Prepaid MasterCard comes with additional features. See the You can also text to 469-513-8685. If youve decided a prepaid credit card is the perfect payment choice but you might not use it often enough to justify a monthly fee, then the Brinks Prepaid Mastercard and its pay-as-you-go plan could be a great fit. Furthermore, there are better prepaid cards that can truly help you establish financial security and provide avenues to graduate to products like the best secured credit cards. Brink's Prepaid Mastercard does not require a credit check, so approval is guaranteed. Login. Login. For purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at Republic Bank & Trust Company will be aggregated The company you trust offers you the features and benefits you deserve to create a more convenient way to bank. Fee is determined and assessed by operator of Netspend Reload Network location, and varies depending on location. No cost for online or mobile Account-to-Account transfers between Netspend Cardholders; a $4.95 fee applies to each such Unfortunately, your balance will be constantly nibbled into by the cast of fees that usually come with even the best prepaid cards. Where the Discover it Secured Credit Card really outshines compared to the Brinks Prepaid is its reduced fees. Card details Highlights Brink's gives you the peace of mind you deserve. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Brinks costs $39.99 to $49.99 a month, depending on which plan you choose. Take advantage of the convenient features that help take the stress out of managing your money so you can spend time on the important things, like friends, Refinancing Student Loans, Alternatives To Private Student Loan Forgiveness. (maximum 6 such transfers per calendar month), Card Account transaction fees could reduce the interest earned on the Savings Account. What bank does Brinks prepaid Mastercard use 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. Compare real offers from multiple lenders. transfers between Netspend Cardholders; a $4.95 fee applies to each such transfer conducted through a Brink's Customer Service agent. No charge for this service, but your wireless carrier may charge for messages or data. The Brink's Prepaid Mastercard provides cardholders with an easy way to pay and manage money prior to opening a credit card or secured card account. Your wireless carrier may charge a fee for message and data usage. in electronic form. Card activation and identity verification required before you can use the Card Account. Recommendation score measures the loyalty between a provider and a consumer. this post may contain references to products from our partners. This is a third-party fee and is subject to change. be restricted, but you may be able to use the Card for in-store purchase transactions. Load your Card Account the way you want: At one of our 130,000 reload locations, Access your Card Account with our Online Account Center, mobile apps and Anytime Alerts. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Interest is calculated on the Average Daily Balance(s) of the Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. Cardholder Agreement for details. SuperMoney strives to provide a wide array of offers for our users, but our offers do not Mobile Check Load is a service provided by First Century Bank, N.A. April ; No late fees or interest charges because this is not a credit card. Earn unlimited 1% cash back on all other purchases automatically. The Brink's Prepaid is a decent starter card that offers rewards like a credit card, but carries a few fees to consider. Copyright 2023 SuperMoney, LLC. At Bankrate we strive to help you make smarter financial decisions. Card may be used everywhere Debit Mastercard is accepted. 8. $5.95 for processing and mailing of a return of funds check at Card Account closure. Enroll in Direct Deposit to get yout paycheck or government benefits in your Card Account up to 2 days faster. that identifies each person who opens a Card Account. lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders As-You-Go Cardholders must enroll in the Reduced Monthly Plan to receive it. What Is Brinks Prepaid Mastercard? Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. The APYs were accurate as of The Company you trust is offering you the features and benefits you deserve. 5 No charge for this service, but your wireless carrier may charge for messages or data. now = new Date(); banking practice of posting funds at settlement. A FICO score/credit score is used to represent the creditworthiness of a It should have a phone number that you can call to assist you in reloading the card. It's ideal for those who want early access to paychecks or government benefits or the ability to load funds in-person at more than 130,000 Netspend Reload Network locations in the US. standard Replacement Card Fee. Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card. Certain restrictions apply; see the program terms and conditions for full details, including point earning and $10 purchase cushion offered at the bank's discretion to cover overdrafts. The APYs were accurate as of - Find surcharge free ATMs. With Brink's Money, everyone is eligible regardless of credit history,2 Once you activate your Brink's Money Prepaid MasterCard, you'll love the Brink's Money Program because it's: Fast and Convenient: No more waiting to get your paycheck. 9. Residents of Vermont are ineligible to open a Card Account. Here's how it works: Order a Card To order a Card, provide your name, mailing address and email address. The interest rates and APYs of each tier may change. While we adhere to strict The Brinks prepaid card is issued by Netspend and carries a nearly identical structure to the Netspend Visa Prepaid Card down to the rewards, fees and most benefits. [2] Payback Rewards SM Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision. No fee; standard text message or data rates may apply. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. * Find surcharge free ATMs. Brink's Money Paycard - Cardholders. Percentage taken of total check amount. 2023 Bankrate, LLC. Along with card spending, your most sizable reward opportunities are unlimited $20 referral bonuses if individuals you refer put at least $40 on their cards. Fee to send money is determined and assessed by Western Union. For a complete list of fees, please refer to the fee schedule in the Cardholder Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Above that, the APY drops to 0.50 percent (0.49 percent variable interest rate), which isnt a terrible rate considering the current average APY. , so if you choose it over the Brinks Prepaid, it may be helpful to open a Discover banking account. Activate your new Brink's Money Prepaid Mastercard and verify your identity. See your Cardholder Agreement for details. A PURCHASE OR PAYMENT WILL NOT INCREASE YOUR CHANCES OF WINNING. Card may be used everywhere Debit Mastercard is accepted. Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. To participate in the Savings Account program, Cardholder must consent to and continue receiving communications from us Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card.2, Conveniently pay your bills over the phone using your Brink's Money Prepaid Mastercard, or take advantage of the bill payment services in the Online Account Center.9. create up to a $10.00 negative balance on your Card Account. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. Bankrateexpert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. 5 The Pay-As-You-Go Plan is the default Plan Fee on the Card Account. The Company you trust is offering you the features and benefits you deserve. Fraud prevention WHAT THIS MEANS FOR YOU: When you open a Card Account, we will ask for your name, address, date of birth, and your government ID number. 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. All products or services are presented without warranty. The maximum allowable savings account balance is $5,000. Once your Card arrives in the mail, activate your Card, and verify your identity1 with your name, address, date of birth and government ID number. Sign Up Now. And your money is FDIC Insured by Republic Bank & Trust 8 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. How to Find a Money Transfer Service Near Me? I mention reloading because it would be IMHO, the only reaso. However, if used correctly, it can be handy in a bind and help people. and have not been reviewed, approved or otherwise endorsed by any financial institution. With ease and speed you can: * Check your account balance and transaction history. Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. ATTENTION JOINT FILERS: Please make sure both parties are listed on the Card Account. the Average Daily Balance which is $1,000.00 or less will be 4.91%. No fee to receive Unless youre dedicated to a prepaid card, alternative options like one of the best checking accounts might be cheaper. $3.00 per withdrawal. Intro Offer: Unlimited Cashback Match - only from Discover. The Brinks Prepaid MasterCard is for those who might not be able to get a bank account, but want some of the benefits and features of a bank account. Make five (5) transactions of at least $5 in one month for a chance to win, Each additional transaction of at least $5 earns an additional entry, Monthly drawings for $100, $250 and $500 prizes, Get access to your account wherever you are. SuperMoney, and/or SuperMoney's lending partners, that will not affect your credit score. How To Get a Personal Loan With Fair Credit, How to Use a Personal Loan to Build Credit. No minimum balance necessary to open Savings Account or obtain the yield(s). 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. information from the IRS, visit https://www.irs.gov/refunds. Some prepaid cards require you to provide some personal information, such as your full name, address, date of birth, email, and SSN. availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could The information, including card rates and fees, is accurate as of the publish date. Our editorial team does not receive direct compensation from our advertisers. 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 Account and Savings Account funds are FDIC-insured upon verification of Cardholders Nouri Zarrugh is a writer and editor for CreditCards.com and Bankrate, focusing on product news, guides and reviews. Card activation and identity verification required before you can use the Card Account. 1 Getting a Mortgage With a Smaller Down Payment and No PMI. the Average Daily Balance which is $1,000.00 or less will be 4.91%. NO PURCHASE NECESSARY. not affiliated in any way with this program and do not endorse or sponsor this program. Netspend is a registered agent of Republic Bank & Trust Company.
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