[/ccLink]AccountNow® Prepaid Visa®
The AccountNow® Prepaid Visa®, issued by MetaBank, is a stored value card designed for those who may have difficulty in obtaining a standard unsecured credit card.
This card requires payments in advance, which are then used to offset future purchases made with the card.
Advance payments can be funded directly from the cardholder's paycheck and automatically loaded to the card every pay period. The card can also be loaded by wiring money from an established bank account or through MoneyGram® ExpressPayment®.
It is important to note that there are some fees associated with this card that include an account set up fee of $9.95 (waived with direct deposit loads) and a monthly participation fee of $9.95, which amounts to $119.40 annually. There is no additional charge for U.S. purchases. So, in the first year alone, a cardholder can expect to pay a minimum total of $129.35 in fees.
It is common for stored value cards to lack benefits; however, this card does offer a free bill pay service (for the first seven transactions each month).
Therefore, those who are looking for a stored value card with flexibility to pay in advance for purchases and do not mind paying upfront fees will find the AccountNow® Prepaid Visa® to be a beneficial option.
This card offers cardholders their choice of two unique plans, which differ in terms of the fees and the services that are offered, so cardholders should review the terms and conditions before applying to see which plan will fit their needs the most (the current card review reflects the premium plan).
*AccountNow® Prepaid Visa® is issued by MetaBank. Funds are insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC).
AccountNow® Prepaid Visa®
| Name of Card | AccountNow® Prepaid Visa® |
| Card Issuer | MetaBank |
| Card Category | Prepaid |
| Card Status/Type | Standard / Visa |
| Credit Rating Needed | No credit check requiredAll Credit Types |
| Best Feature(s) | Free bill pay service (for the first seven transactions each month). |
| Maximum Credit Limit | $10,000 |
| Minimum Deposit | $10 |
| Maximum Deposit | $6,950 |
| Introductory APR | % |
| Introductory Offer | No Introductory Rate Available |
| Annual Fee | $0 |
| Over Credit Limit Fee | $29 |
| Cash Advance Fee | $2.50 U.S. ATM transaction fee; $4.95 bank teller cash advance and international ATM transaction fee |
| Application Fee | $9.95** |
| Participation Fee | $119.40 ($9.95 monthly) |
| Reload Fee | $0 (except for bank wires) |
| Inactive Fee | $0 |
| Total First Year Fees | $129.35 |
| Additional Perks | Free bill pay service for the first seven transactions per month. No liability for unauthorized transactions. See website for additional benefits. |
| Editor’s Notations | This card offers cardholders their choice of two unique plans, which differ in terms of the fees and the services that are offered, so cardholders should review the terms and conditions before applying to see which plan will fit their needs the most (the current card review reflects the premium plan). **The account set up fee of $9.95 is waived with direct deposit loads. The direct deposit limit plus the cash deposit limit is the maximum deposit. There is no transaction fee for U.S. purchases. $1 fee for ATM balance inquiries. $1 fee for international purchases. No employment verifications. Must be at least 18 and a U.S. citizen or permanent resident. See website for complete terms and conditions of card usage and application disclosure. |
| Last Updated | Jan 26 2012 12:00AM |
