What do you pay for owning a prepaid credit card... Green Dot

Question

To buy the card, activation fee, do you pay extra per month, ect

Answer 1

When you first purchase the card at the store, you have to pay $9.95 just to activate the card (this does NOT go on your balance) and then you put money on it right there. To reload the card, you can go to any place that sells the greendot cards and give them the money to put on it. You can also have Direct Deposit set up so that your Payroll check goes right into the account.

There are some big "catches" to these cards, though.

The fees are crazy. Here's the big ones.

Activation: $9.95

Reload: $4.95

Monthly Maintenance (charged automatically, no matter what): $4.95

Balance inquiry over the phone: $0.75

Balance inquiry at ATM: $0.50

Withdrawal at ATM: $2.50

I used a GreenDot Mastercard for a little while when I was younger-- I found it to be more of a hassle than anything. As soon as I turned 18 I opened a checking account and began using a debit card instead. When you think about all the fees associated with the prepaid card, it's really a better decision financially to just carry cash around with you (except, of course, if you live in a high crime area.)

Answer 2

1. if its prepaed, its a debit kard.  Yu open akkount with munee init.

then kan spend up tu $ yu hav in akkount (unless em insist yu keep minimun $ in akkount)

2. Shood not hav any fees.