The MoneyGram Prepaid card is a reloadable Visa debit card, it is issued by MetaBank. MoneyGram partnered with AccountNow to create this prepaid Visa debit card. There is no credit check or bank account required.
You will need to comply with the USA Patriot Act. This is a federal law that all financial institutions have to comply with. It is basically just verifying your identity and as long as you are, who you say, your guaranteed approval!
You can avoid paying check-cashing fees if you enroll in no cost direct deposit. This is an easy way to have your paycheck directly deposited on your MoneyGram Prepaid Debit card. There is a $10,000 balance limit on your card. However, you will never be responsible for paying an overdraft fee.
Where Is Your MoneyGram Prepaid Card Accepted?
This prepaid debit card is accepted online, over the phone, and even internationally. You can use it everywhere Visa debit cards are accepted.
You will be responsible for paying a $4.95 one-time account set-up fee. This is going to be charged when you first deposit money on your MoneyGram Prepaid card. There is a $9.95 monthly fee, but you can avoid paying this!
If you deposit $2,500 or more on your account in the previous monthly billing cycle your monthly fee is waived. In other words, if you have an annual income of $30,000 or more. If you use direct deposit, you could stop paying check cashing fees and avoid paying a monthly debit card fee.
You are provided 1 free customer service call per month, then your charged $1.00 per call after that. However, for individuals using direct deposit these fees are waived! There is a $2.50 ATM fee, but if you ask for cash back at the grocery store or retailer when making a purchase you can avoid paying any ATM fees.
There are a few other miscellaneous fees as with most prepaid offers. But, this is one of the best prepaid credit cards we have seen for people using direct deposit and with an annual income of $30,000 or more. These folks can avoid paying monthly fees.
If you do not plan on using direct deposit or have a more modest income, then you may want to consider some other options. Just remember at the end of the day prepaid debit cards are financial tools and just like with regular credit cards you will have some costs. You may want to look at the American Express Bluebird card as a cheaper monthly fee alternative.
Your MoneyGram Prepaid Visa will provide you security and peace of mind with the Visa $0 Liability Policy. This is an insurance plan just in case your card is ever lost or stolen you will not be held responsible for any unauthorized charges.
You can deposit checks using direct deposit at no cost. You can also add cash at over 40,000 US MoneyGram agent locations. You’ll also get access to online bill pay which is a convenient way to pay your bills such as: rent cable, utilities, etc.
With online bill pay you can schedule future payments, and pay anyone without the expense of purchasing money orders. Your MoneyGram Prepaid card will also be accepted over the phone to pay your bills. For full details and to apply online visit https://www.mymoneygramaccountnowvisa.com/.
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