mPower Prepaid Visa Card Reviews

mPower Visa Prepaid Debit Card Review (with Direct Deposit) 

The mPower Visa prepaid card is a pretty cost effective debit card. It has a good array of features like card-to-card sharing of money, online bill payment, travel discounts, prescription discounts and various money-managing tools.

Features Of The mPower Visa Prepaid Debit Card

This card does not only provide the best features, but also the most effective procedures. The ability to use the direct deposit facility is another advantage of the card. Moreover, the card gives cardholders the easiest way to handle all their bill payments. This card, which does not require any credit checks, has a 100 percent guaranteed approval rate. The mPower Visa prepaid card provides the speediest and most secure access to all your precious funds. When the direct deposit facility is used, the cardholder does not need to pay an activation fee, or maintain a minimum balance, and also enjoys a $25 sign-up bonus.

Fees Of The mPower Visa Prepaid Debit Card & Pricing

The activation fee is only $9.95, while the monthly fee is $6.95. The card, which runs on the Visa network, is issued by Bancorp Bank. The funds stored on the mPower Visa prepaid card are insured by the FDIC. One of the unique features of the card is its credit builder facility, which allows the cardholder to raise funds easily. The bill payment mode is also simple and well organized.

More Cool Features Of The mPower Visa Prepaid Debit Card

With its excellent range of features, this card has received the highest ranking ever given to any debit card – a complete five stars. It has received extremely favorable ratings in different aspects. For all consumers who desire the best features in their prepaid debit card, this is a highly viable product. With the provision of some of the best features like the text alerts, the cash back rewards opportunities, credit builder tool, the money management tools, money share from card to card, and discounts, this card is the perfect debit card available in the market. Moreover, the Better Business Bureau has also given high ratings to the Cornerstone Marketing LLC, the independent sales organization that provides customer services to all mPower cardholders. While the card’s fee structure is adequate for all the features provided, if greater caution is not exercised, the charges can then rocket upwards. This is why the card’s fee structure has received the lowest ranking of only three stars out of a complete five.

mPower Visa Prepaid Debit Card – Terms & Conditions

While the fee structure is a little complicated, you can be careful by reading all the terms and conditions carefully. The activation fee for this card is a nominal sum of $9.95 but this can be waived if the direct deposit facility is used. Similarly, with the direct deposit facility, the user can also save on additional costs like the maintenance charges. The monthly fee is only $6.91. The fees for PIN transactions and signature transactions are only $1.00 and $0.00 respectively. The card limit, which is the highest among all the debit cards, is approximately $10000. The fees for ATM withdrawals and balance inquiry are only $2.00 and $0.75 respectively. Given the above, this card suits those who are looking for debit cards with the most comprehensive features and do not paying a bit more for that.

mPower Visa Prepaid Concerns

This card is just a plain “black” card with very basic designs. While most people are concerned that this card is expensive as compared to the two other alternatives, it is actually quite cost effective when compared to the Bank of America’s “regular checking” and the Check cashing store. For example, for a particular transaction made in a month, this card has the lowest fee of only $6.95, as compared to Bank of America’s fee of $12.00. There is also no fee for the monthly cash back of $2000, as compared to the check-cashing store’s at $90.80. F

Complete mPower Visa Prepaid Debit Card Costs & Pricing

The fee for bill payments of five transactions is only $5, as compared to that of the check-cashing store at $5.50. For the online and in-store purchases, the card charges a very nominal fee of $0.00 and $2.50 respectively. For one overdraft per month, the Bank of America charges a high sum of $35.00. (This facility is not provided by the mPower Visa prepaid card.)

With the mPower product, many financial fees can be easily avoided only if proper caution is exercised. Additional fees like those charged for paper statements, lost cards fees, customer service fees and expedited card fees can be easily avoided if the cardholder follows the proper procedures of card usage.

Resource

mPower Card Website