Chase Bank is one of the most recent big, traditional banks to roll out a prepaid debit card. The Chase Liquid prepaid card is designed for individuals without access to a checking account and people in ChexSystems.
There is no credit check for approval. Instead to apply you currently have to physically walk into a Chase Bank branch location, with two forms of valid ID. Additionally you’re going to have to make an initial deposit of $25 or more on your Chase prepaid card.
You will fill out an application, and choose a pin number. When you leave the bank you will leave with a prepaid card ready to use at retail stores, online and over the phone immediately. You will have a personalized card with your name on it, mailed to you and it will arrive in approximately 7 to 10 business days.
Benefits of The Chase Liquid Prepaid Card
1. Low Fees
The Chase Liquid prepaid debit card has a flat monthly fee of $4.95. Many other prepaid card companies charge a $10 monthly fee and we have even seen some companies charge $19.95 a month!
2. Free ATM’s
You can use any Chase Bank ATM with $0 fees. Every other prepaid debit card will charge you some type of fee when using an ATM to withdraw cash, check your balance, any account activity. If you visit a Chase ATM you can not only withdraw cash, and check your balance without any fees.
But you are also able to deposit money on your card absolutely free. We have yet to review another reloadable debit card, that offers free card deposit with cash. In addition to this you are able to directly deposit your paychecks in your Chase Liquid prepaid card, without any fees.
Your Chase Liquid debit card is issued as a Visa card. You will be able to use your card for purchases wherever Visa debit cards are accepted, which is worldwide. Your card can also be used for purchases over the phone and online.
You can sign up for free e-mail and text alerts that will notify you of your Chase Liquid account balance, account activity, and you can text Chase at any time to find out what your available balance is. Your money is FDIC insured. And your card is going to be covered under a $0 liability policy which will protect you from any unauthorized transactions or fraudulent purchases.
We give our seal of approval to the Chase Liquid prepaid debit card. This is a very low monthly fee prepaid card of only $4.95, and very cost efficient. You will never be charged any overdraft fees. And we really like that they give you access to over 10,000 ATM locations where you can conduct your banking without any fees!
The information above is accurate as of the publishing of this webpage. However many finance offers will change their terms and conditions and we would strongly encourage you to read all the fine print before you apply for the Chase Liquid prepaid card or any financial offer.
We would be surprised if Chase Bank does not eventually allow people to apply for their prepaid card online by visiting their website. Currently they do not offer an online application however they do provide some more details at their website about the Chase Bank Liquid prepaid card.
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