The Green Dot card is a prepaid credit card. Commonly used by individuals without a bank account.
Card holders receive free direct deposit; this can save you money on expensive check cashing fees. It is accepted at millions of locations world wide.
There is a monthly maintenance fee of $4.95 however if you deposit $750 or more monthly this fee is waived. There is no credit check or bank account required for approval.
It is accepted online and over the phone. You can access your cash at almost one million ATM's world wide.
There are however some criticisms of this card such as; the number of fees and poor customer service. There is a reload fee of $4.95 when you use MoneyPak.
These are purchased at retailer locations such as Walgreens, Wal-mart, Kroger, CVS and more. There is also a $2.50 ATM Withdrawal fee and a $9.95 activation fee.
It is issued as a Visa or MasterCard through the Columbus Bank and Trust Company.
You can upgrade your account to Premier Membership; the benefit is priority customer service. The fee for this is a one time payment of $20.
Upon completion of your application you will be mailed a card in 7 - 10 business days. You can also purchase this card at many retail locations.
Frequently parents will use this card to teach a child how to manage money. It also gives parents an easy way sending financial help to students that are away at school.
This is a much safer alternative to carrying cash. Also your money is protected should your card ever be lost or stolen.
You use it to pay your bills. Additionally it will give you a convenient way to track your spending and stay within a budget.
In sum we do not suggest this card, we are surprised that there are extra fees for priority service. We are under the opinion when it comes to your money you are entitled to priority service.