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Consumers are always looking for effective ways to manage their money. This is why the NASCAR Reloadable Prepaid Visa Debit card is a chosen method. Low fees, the same privileges of a bank account without actually having them, and easy account management are just some of what is offered.
The NASCAR Reloadable Prepaid Visa Debit card gives individuals who want a banking alternative the opportunity to own a simple prepaid card that is flexible. Issued by GreenDot, the card has all of the same benefits as the traditional GreenDot card and is accepted anywhere in the world where Visa Debit is accepted.
This card is also one of the cards that allow cardholders to have a bank account and routing number so that cardholders can enjoy direct deposit. If a person has the option to have their paycheck direct deposited, they can have their paycheck deposited into the card's account. This ability to have money direct deposited into the account also comes in handy at tax time.
Pay As You Go
Paying as you go is growing in popularity and GreenDot is very well-known throughout the United States. They are so widely known that there are reload opportunities at thousands of locations. Drug stores, gas stations, department stores, and grocery stores are among the locations that can reload any GreenDot card or they carry MoneyPaks that you can purchase to load your card with.
If you choose to reload at a retail location, you can bring your card with you and the retailer can swipe the card. If they do not reload via swipe or you do not have your card with you, you can purchase a MoneyPak. The MoneyPak costs a small amount and allows you to deposit up to the card's maximum cash load amount.
You can also load the card online through bank transfer. If your employer offers direct deposit, this reloadable prepaid card has a routing and account number with it that allows you to have your paycheck deposited onto it. You can also opt to have your tax return direct deposited onto the card for a faster refund. More and more consumers turn to GreenDot each year as a safe way to manage their tax return cash. In fact, it is made well-known that the card can have a tax return deposited on it as a safe alternative to bank accounts. Some individuals do not always like for their bank account to be so exposed, so they choose a prepaid debit instead.
Low Fee Schedule
The fees on the fee schedule are quite low. First, there is a purchase price if the card is purchased at a retail location. The NASCAR Prepaid Visa may cost a little more than a traditional GreenDot card. However, obtaining the card online is completely free. All you have to do is fill out an easy online application and accept the terms and conditions of the card. Once you do that and your card is approved, you will be able to see your account number and then use it to register the card online. Through online registration, you can manage your account through online account management. This means having more control over the fees.
Another fee is the ATM fee. There will always been a fee charged when using a bank's ATM because that bank has their own fee. Nonetheless, you will not have to pay GreenDot's small fee if you use a MoneyPass ATM, which is an in-network ATM. If the ATM is an out-of-network ATM, then there is a small fee. The fee also applies to teller cash advances.
You can also use the card outside of the United States on purchases, but you will not be able to use it at foreign ATMs. If you decide to use the card on a foreign transaction, then there will be a fee charged that is a small percentage of the amount of the transaction. This is charged per purchase.
There is also a monthly charge to the account unless you load a certain amount of money on the card within a billing cycle or you make a minimum number of purchase transactions. If the minimum load amount to avoid the fee or the required number of purchase transactions isn't made, the monthly charge will apply.
If you need to do a balance inquiry at a non-network ATM, there is a charge. However, you can check your balance by logging into your account online. This will help you avoid that fee. There is also a fee for a second card or a lost or stolen card.
Cardholders are also protected from unauthorized transactions on registered cards. This is another reason why it is important to register the card online. If the card has to be replaced, then the lost card replacement fee may apply. Nonetheless, the card is safer than cash and money is protected in cases that the card is lost or stolen. But you have to ensure the card is lost or stolen as soon as possible.
There are also limits placed on the card. The limits protect the cardholder in a number of ways, such as not depositing so much money on the card that a great deal of damage could be done if the card was lost or stolen and the cardholder didn't realize it. There is also a daily spending limit that limits the amount of money that can be used each day. Again, this can be a safeguard if the card is lost or stolen. Factor in ATM withdrawal limits and teller cash withdrawal limits and there is control over how much is spent on a daily basis.
Nonetheless, those who receive direct deposit get a little more flexibility when it comes to the amount of their card balance and their daily direct deposit load limit. Both amounts are typically the same.
The NASCAR Reloadable Prepaid Visa Debit Card gives cardholders flexibility and peace of mind. Safer than cash, cardholders are able to have control over their money without having to have a bank account to do it. The fees are low, there are many reload options, and there are easy account management options.