Facecard Prepaid MasterCard (by MetaBank) Review
The Facecard Prepaid MasterCard, which is issued by MetaBank, is one of the most affordable and efficient debit cards available in the market today. It can be used at any place where MasterCard is accepted. Its low cost is one of its most attractive features. The card also comes equipped with other attractive features, such as a “Guarantee Approval” feature and that the cardholder does not need to pay an initial security deposit or go through a credit check. Because of this, the card has received a high ranking of four stars out of five.
Facecard Prepaid MasterCard Bill Payment Advantage
With the card’s free online bill payment facility, there is no need to mail expensive money orders. Cardholders also have easy and instant access to funds if they use the direct deposit facility. Substantial amounts of money can also be saved since there is no need to pay for costly wire transfers. Money transfers can be made free of charge between Facecard members. This card also allows cardholders to withdraw money from ATMs, as well as make payments at Point of sale terminals. If the cardholder is deemed to have made appropriate use of the card, he or she can also be rewarded with coupons for use on the card.
No Activation Or Monthly Fees On The Facecard Prepaid MasterCard
As mentioned earlier, one of the card’s most prominent features is its affordability. The cardholder does not need to pay any monthly or activation fees. All the funds on the card are insured by the FDIC. The cardholder can also use the prepaid feature to make automatic billing arrangements. As the card has no credit builder facility, the cardholder can rest assured of a healthy fund balance.
Facecard Prepaid MasterCard Terms & Conditions Clarity
Before using the card, it is important read the terms and conditions carefully. Besides its low fees, the card also has a disclosure clarity feature, which has been given a high ranking. Similarly, the card’s basic features have been well-regarded as shown in its BBB ratings, especially its top-up option which has been described as “highly efficient”. All in all, the card has been very well-received by the public.
Facecard Prepaid MasterCard Fees & Pricing
The card has a simple fee structure. There are absolutely no activation or monthly fees. PIN and signature transactions can be done as many as times as possible, as long as there are sufficient funds in the card. The card limit is set at $2500. There are also no ATM Balance inquiry or withdrawal fees.
Facecard Prepaid MasterCard Compared To Banks
To see how much money can be saved by using this card, try comparing it with other cards in the market such as the Bank of America’s “regular checking” and the Check Cashing Store. For example, for one transaction per month, the Facecard does not require a fee but Bank of America charges a very high fee of $12.00. For cash back worth $2000 per month, the Facecard carries no fee, but the Check Cashing Store charges an amazing $90.80!
For two ATM withdrawal transactions per month, the Facecard and the Check cashing store do not carry a fee but the Bank of America charges a considerable fee of $4. For in-store and online purchases of five transaction per month, all three do not carry a fee. For one overdraft in a month, the Bank of America charges a costly fee of $35, while the Check cashing store charges no fee. The Facecard does not offer this option.
For the Check Cashing Store, it does not allow the user to purchase items online, and cash has to be used regardless of the amount.
Facecard Prepaid MasterCard by MetaBank Conclusion
It is also important for the cardholder to consider some cost-saving tips when using the Facecard, so that he or she can avoid the additional fees. For example, go through these tips on our website such as how to load considerable funds on the prepaid card through the MasterCard’s re-power network, as the cardholder can consider loading a secondary card on one prepaid debit card account; what to do when the Facecard is lost; why it is extremely important to attain a particular social security number on the prepaid debit card; and how should appropriate amounts of money be actually loaded into the Facecard.
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