Prepaid cards only allow you to spend money already in your account. Through his thorough card reviews and product comparisons, Nouri strives to demystify personal finance topics and credit card terms and conditions to help readers save money and protect their credit score. The APYs were accurate as of Here are some of the ways to add money to your Card Account once you've activated your Card and verified your identity.1, Add Money to your Brink's Money Prepaid Mastercard >. We maintain a firewall between our advertisers and our editorial team. Card may be used everywhere Debit Mastercard is accepted. transactions!5. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. All Rights Reserved. Fee is assessed to transferor's account when the transfer is The APYs were accurate as of Fraud prevention restrictions may Furthermore, there are better prepaid cards that can truly help you establish financial security and provide avenues to graduate to products like the best secured credit cards. Cardholder may enroll in the Monthly Plan to pay a flat fee of $9.95 per All rights reserved. Fraud prevention restrictions may delay availability of funds with or without notice. Managing your money wherever, whenever. However, if used correctly, it can be handy in a bind and help people financially establish themselves before graduating to checking accounts and secured credit cards. Starts 2/1/21. $3.00 per transfer. A fee may also be assessed by a financial institution that is not a Mastercard member financial institution. now = new Date(); No Minimum Balance, No Late Fees - because this is not a credit card Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 6,000,608 and 6,189,787. What are index funds and how do they work? money on your Card via Western Union Money Transfer. and governmental customers. If cardholder receives $500 in payroll or government benefit direct deposits in 1 calendar month, cardholder will qualify for the Reduced Monthly Plan. . The redemption options can be valuable, but the point values and higher-yield reward opportunities are a bit foggy unless you already have an account. The maximum allowable savings account balance is $5,000. What Are Collateral-Free Unsecured Business Loans? There is a Live Chat feature on the website under Customer Support. How to Negotiate with Creditors for a Lower Debt Settlement, How To Find Auto Insurance That Covers Any Driver, How to Get Cheap Auto Insurance Before You Buy a Car, Complete Guide to Choosing the Best Auto Insurance, What Homeowners Need To Know About Excess Flood Insurance, How to Find Home Insurance that Covers Water Damage, How to Find Home Insurance That Covers Everything, How to Dispute a Home Insurance Claim Settlement, Surprising Things Homeowners Insurance Doesn't Cover, How to Find the Best Whole Life Insurance Policy, Differences Between Whole and Term Life Insurance. What differentiates the The Mango Prepaid Mastercard from the other prepaid cards on this list is its ridiculous savings account that lets cardholders earn up to 6.00% APY. 3. Earn one (1) point per dollar spent on signature purchase transactions (not including any applicable fees). You have money questions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Brink's gives you the peace of mind you deserve. Reward offers are based on individual shopping habits. In fact, its missing Netspends virtual card number benefit for safer online shopping. Card activation and identity verification required before you can use the Card Account. We value your trust. Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. * See the online application for details about terms and conditions for these offers. Brinks Prepaid Mastercard vs. other starter cards, Connect with Garrett Yarbrough on LinkedIn, One Time $9 - $15 Account Fee (Varies by Product), , you do have to put down a security deposit of at least $200, but you can enjoy rewards on your purchases, just like with the Brinks Prepaid, only without the purchase transaction fees if you opt for the pay-as-you-go plan. Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card. Youll also experience a $3 Over-the-Counter (OTC) cash withdrawal fee at financial institutions like banks or a 2.75 percent fee of the total withdrawal at in-network reload locations (or $4, whichever is greater). This caveat is worth considering since prepaid cards dont enjoy as many federal protections as debit and credit cards do. Meet you wherever you are in your credit card journey to guide your information search and help you understand your options. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. Fee is determined and assessed by operator of Netspend Reload Network location, and varies depending on location. His areas of expertise include credit card strategy, rewards programs, point valuation and credit scores, and his stories on building credit have been cited by Mic.com, LifeHacker, People.com and more. I've never heard of that type of card in the US, nor am I familiar with the California Bank that may clear Brinks US debit card transaction. Discover will automatically match all the cash back you've earned at the end of your first year! Fees apply for approved Money in Minutes transactions funded to your card. Every reasonable effort has been made to maintain accurate information. Netspend Corporation, a Global Payments Company (NYSE: GPN) is a leading provider of general-purpose reloadable (GPR) enrolled in the Monthly Plan and your Card Account has had no activity as described above, this fee applies instead of the Monthly Plan Fee. With Brink's Direct Deposit, you can get paid faster than a paper check. Our editors and reporters thoroughly fact-check editorial content to ensure the information youre reading is accurate. Brink's Money Prepaid Account - Brink's Prepaid Mastercard Ongoing rewards program boosts its long-term value, 130,000+ locations in the Netspend reload network, Pay-as-you-go plan offers flexibility with individual purchase fees instead of monthly fees, Shares valuable Netspend benefits, like a $10 courtesy cushion, Long list of fees make pay-as-you-go expensive, Nearly identical to the Netspend Visa Prepaid Card, Doesnt build credit and no additional security measures with Brinks. Should you accept an early retirement offer? IRS Tax Debt Relief Program: What Is It and Do You Qualify? Brink's understands that time and money are valuable to you. cardholder receives $500 in payroll or government benefit direct deposits in 1 calendar month, cardholder will qualify for the Reduced Monthly * Get direct deposit information. See the Cardholder Agreement for details. 6,000,608 and 6,189,787. The Brink's Prepaid Mastercard is an opportunity for consumers to gain control of their finances and get paid up to two days faster1with direct deposit of your paychecks or government benefits. Cardholder Agreement for details. 1 The Self Credit Builder Account marries the features of an installment loan, savings account and secured credit card to help people start their credit-building journey and establish positive financial habits. Turn the dial clockwise fully four times, and stop on the first number for the combination lock on the fifth turn of the dial. With Brink's Direct Deposit, you can get paid faster than a paper check. Netspend Corporation.All rights reserved worldwide. However, you may be able to earn bonus points at a higher rate if you take advantage of additional limited-time, merchant-specific offers in your Online Account Center. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. I mention reloading because it would be IMHO, the only reaso. You'll receive a Card in the mail within 7-10 business days. 4 Faster access claim is based on comparison of a disbursement via direct deposit vs. disbursement via a mailed paper check. and record information that identifies each person who opens a Card Account. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. 6,000,608 and 6,189,787. Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders Can a First-Time Home Buyer Get a Jumbo Loan? Calculated based on the U.S. Dollar amount of the purchase transaction or cash withdrawal. processed. Don't have a card? CTA Banner. Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. Prepaid cards arent the best rewards pairing material, but co-branded prepaid cards like the Walmart MoneyCard Visa with Cashback Rewards might supply you with a higher-grade source of rewards if you frequently shop at specific retailers. See the Cardholder Agreement for details. But if youre a Brinks Preferred Benefits cardholder, the issuer may give you up to a $10 negative balance as a courtesy, offering some wiggle room if youre in a pinch. Enroll in Direct Deposit to have your paycheck or government benefits onto your Card Account. person and may be one indicator to the credit type you are eligible for. WHAT THIS MEANS FOR YOU: When you open a Card Account, we will ask for your name, address, date of birth, and your government ID number. - 10 PM. Save time don't wait in line to cash your check, Save money don't pay fees to cash your checks, Access to a Savings Account up to a 5.00% APY. transfer conducted through a Netspend Customer Service agent. Netspend Corporation.All rights reserved worldwide. Which Account Fits You Best? Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card.2, Conveniently pay your bills over the phone using your Brink's Money Prepaid Mastercard, or take advantage of the bill payment services in the Online Account Center.9. $5.95 per month. 6 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. and Ingo Money, Inc., subject to the First Century Bank and Ingo Money Terms and Conditions, and Privacy Policy. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. From bill pay to a mobile app, text alerts to a purchase cushion, the Brinks reloadable debit card is one of our top rated prepaid cards. month instead of paying a fee for every purchase transaction under the Pay-As-You-Go Plan. Because Savings The company's mission is to develop When your highest-paid employees spend time handling cash, your business loses time and money. Neither Plan Fee option includes any other fees. Notice this card charges a monthly maintenance fee of up to $9.95. LET'S TALK. If Cardholder is subject to Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. the Average Daily Balance which is $1,000.00 or less will be 4.91%. Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. Card may be used everywhere Debit Mastercard is accepted. and everyday life! Interest is Can You Build Credit With a Prepaid Credit Card? Early What Are the Differences Between Federal and Private Student Loans? Compare real offers from multiple lenders. Brink's Prepaid Mastercard charges a monthly fee of up to $9.95. Is Refinancing Your Student Loan Worth It? Your money is in your Brink's Money Account and ready to be used by 8 a. CT on your payday. without notice pursuant to applicable law. You can also deposit your paycheck or a personal check using the mobile banking app, available for both Apple and Android phones. The interest rates and APYs of each tier may change. Unfortunately, your balance will be constantly nibbled into by the cast of fees that usually come with even the best prepaid cards. Home Equity Loan vs. Line of Credit: Which Should You Choose? What bank does Brinks prepaid Mastercard use Residents of Vermont are ineligible to open a Card Account. Purchase transactions for just $5 per month (compared to $9.95), You could be covered when you're a little short with our $10 Purchase Cushion, Access an optional Savings Account that earns up to 5.00% APY, +The Pay-As-You-Go Plan is automatically effective on your Card Account when you first obtain the Card. 4% per foreign transaction. Greater of 5.0% of total check amount or $5.00 per check load. Snapshot. If custom card is lost, stolen, or damaged, any request for: (a) a replacement For a complete list of fees, please refer to the fee schedule in the Cardholder bank account, or get paid up to 2 days faster8 with no-cost Direct Deposit. January 21, 2022 by William Nelson A prepaid Mastercard can provide people without credit or debit cards a way to shop online. affiliation, or sponsorship, of or by SuperMoney or them of us. You could win up to $5,000 in the Brink's Show Me The Money Truck Sweepstakes. Get a free consultation from a leading credit card debt expert. Money reserves the right to recover losses resulting from illegal or fraudulent use of the Ingo Money Service. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or numbers. Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. Points can be redeemed for cash back in the form of account credits, but you must log in to the Online Account Center or mobile app to see your other reward choices. The Pay-As-You-Go Plan is the default Plan Fee on the Card Account. Take cash to any of the over 130,000 Reload Locations in the Netspend Reload Network to fund your Card.3. up to the coverage limit, currently $250,000.00. If you have a professional tax preparer, give them these For consumers, the Brink's Money card can be used in stores, restaurants and online, and provides access to cash at ATMs around the world. theYear = now.getYear(); Plan. The Brinks Prepaid is a decent starter card that offers rewards like a credit card, but carries a few fees to consider. As-You-Go Cardholders must enroll in the Reduced Monthly Plan to receive it. Use of Card Account also subject to fraud All other trademarks and service marks belong to their owners. The card comes with a mobile app . The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. If Cardholder is subject to Bankrate.com is an independent, advertising-supported comparison service. Sign Up Now. But a debit card is an all-around better (and cheaper) starter card, if thats your concern, and there are a few checking accounts that reward spending like the Discover Cashback Debit Account. When it comes to rewards cards centered around cash back on everyday purchases, you typically want your points to be worth at least 1 cent apiece for a 1 percent cash return. ++During checkout, select "CREDIT" on the keypad to make a Signature Purchase, or select "DEBIT" and enter your PIN to make a PIN Purchase. Recommendation score measures the loyalty between a provider and a consumer. Interest is calculated on the Average Daily Balance(s) of the The Company you trust is offering you the features and benefits you deserve. No Fee. However, its rewards program is confusing, and, like most prepaid cards, it poses a few fee-harvesting traps. But with Brink's Complete, they can improve savings & reduce the hours it takes to handle cash. Ingo If Cardholder is subject to The interest rates and APYs of each tier may change. With Brink's Direct Deposit, you can get paid faster* than a paper check. Standard text message or data rates may apply. With Brink's Money, everyone is eligible regardless of credit history,2 Once you activate your Brink's Money Prepaid MasterCard, you'll love the Brink's Money Program because it's: Fast and Convenient: No more waiting to get your paycheck. Unlike credit cards, however, they don't work on credit. Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. Compare its features and fees in our detailed review. The interest rates and APYs of each tier may change. Certain restrictions apply; see the program terms and conditions for full details, including point earning and Netspend is a registered agent of Republic Bank & Trust Company. The Brink's Money Paycard Mobile App gives you the power to manage your account on the move. There's no interest or late fees because it's not a credit card. It's ideal for those who want early access to paychecks or government benefits or the ability to load funds in-person at more than 130,000 Netspend Reload Network locations in the US. With the Brink's Prepaid MasterCard, you can get paid up to two days faster and manage your money anytime and anywhere. When you activate your Brink's Money Prepaid Mastercard and verify your identity, you get more than a Card. Answer: It depends on the country where the card is issued. lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and At Bankrate, we have a mission to demystify the credit cards industry regardless or where you are in your journey and make it one you can navigate with confidence. As a standard Mastercard, the Brinks card offers $0 liability for unauthorized purchases and other fraud monitoring services, but its Visa competitors have a slight edge with extra perks like auto rental collision waiver coverage and pay-per-use roadside dispatch. [2] Payback Rewards SM Use Direct Deposit For one, setting up direct deposits with the Brinks card means funds are available up to 2 days earlier than with a bank. Brink's Prepaid Mastercard. After regularly featuring his credit card, credit monitoring and identity theft analysis on NextAdvisor.com, he joined the CreditCards.com and Bankrate.com teams as a staff writer to develop product reviews and comprehensive credit card guides focused on cash back, credit scores and card offers. by SuperMoney users with a score of -47, equating to 2.1 on a 5 point rating scale. for repayment of any negative balance. to fraud prevention restrictions at any time, with or without notice. Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could deducted from check total prior to loading your Card Account. Republic Bank & Trust Company, Member FDIC. restrictions may delay availability of funds with or without notice. If you choose the pay-as-you-go plan, itll be hard to maneuver without tripping over a fee. To participate in the Savings We may also ask to see your driver's license or other identifying information. delay availability of funds with or without notice. You may have to pay a fee of up to $3.95 every time you load the card, Charges a $1.50 signature purchase transaction fee. Along with card spending, your most sizable reward opportunities are unlimited $20 referral bonuses if individuals you refer put at least $40 on their cards. The owner of this website may be compensated in exchange for featured placement of certain (877) 788-9067, or click the link below and activate it online. As soon as you do, you are eligible for our Reduced Monthly Plan (just $5 per month compared to $9.95)5, prepaid debit cards and related financial services to the estimated 60 million underbanked consumers in the United States NOTE: Fees assessed to your Card Account balance may bring your Card Account balance negative. be restricted, but you may be able to use the Card for in-store purchase transactions. Pay- $2.50 per withdrawal, plus ATM owner fees, if any. Territories, including Guam and Puerto Rico, and where prohibited by law. Login. Release Summary. Approved purchase transactions may are slightly higher than the Brinks Prepaid 2 percent back at restaurants and gas stations on up to $1,000 per quarter, then 1 percent, and 1 percent on everything else. As far as rates and fees go, the Brinks Prepaid Mastercard is virtually identical to the Netspend Prepaid Visa. - 8 PM. of a check or other direct payment method. You have not yet won. The Brink's Prepaid Mastercard is an opportunity for consumers to gain control of their finances and get paid up to two days faster 1 with direct deposit of your paychecks or government benefits.. To check the rates and terms you qualify for, one or more soft credit pulls will be done by Ends 1/31/22. These additional offers are similar to card-linked reward programs, like Amex Offers or Chase Offers. if (theYear < 1900) theYear = theYear + 1900; Use of Card Account also subject Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Brink's Company (NYSE:BCO) is the global leader in total cash management, route-based secure logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Those who can Direct Deposit at least $500. Republic Bank & Trust Company and Mastercard are and record information that identifies each person who opens a Card Account. Use your Brink's Money Prepaid Mastercard to shop online, in stores, on the phone basically anywhere Debit Mastercard is accepted! If the Average Daily Balance is $1,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an Annual Percentage Yield (APY) of 5.00%. Earn unlimited 1% cash back on all other purchases automatically. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Approval review usually takes 3 to 5 minutes Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. 9. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. There is a reload fee of up to $3.95 fee every time you reload the card. If your identity is partially verified, full use of the Card Account will Brink's secures valuables around the world. Card activation and identity verification required before you can use the Card Account. in electronic form. - Find surcharge free ATMs. All products or services are presented without warranty. No fee to receive sponsored products and services, or your clicking on links posted on this website. Interest is This compensation may impact how and where products appear on this site With the Reduced Monthly Plan you get: All fee amounts will be withdrawn from your Card Account, except where prohibited by law. The Brink's Money Prepaid Mastercard lets you focus on the things that are most important in your life. Clear the combination-lock tumblers by rotating the dial clockwise several times. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. If 6,000,608 and 6,189,787. Open to legal residents of the 50 U.S. or DC, and legal age of majority prior to time/date of entry. This is a third-party fee and is subject to change. You are always on the go. Void in U.S. 1, 2020. Enroll in Direct Deposit to get your paycheck or government benefits in your Card Account up to 2 days faster! The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. reduce the interest earned on the Savings Account. Use of the Card Account is subject to activation, ID verification, and funds availability. identity. Our editorial team does not receive direct compensation from our advertisers. Fee varies Per transfer. While we adhere to strict To participate in the Savings Account program, Cardholder must consent to and continue receiving communications from us However all credit card information is presented without warranty. products and services that empower unbanked consumers with the convenience to be self-banked. Adding money to your Brink's Money Prepaid Mastercard is convenient. While the Brinks Prepaid Mastercard is a solid option, you can find better rewards and fewer fees with other prepaid credit cards or a debit card.
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