Use of the Card Account is subject to activation, ID verification, and funds availability. Bankrateexpert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. document.write(theYear); More from our insights library: The True Costs of Manual Cash Management Manual cash management costs businesses time and money. It's a 16-digit number and CVV code that are tied to an account. No minimum balance necessary to open Savings Account or obtain the yield(s). Order Your Brink's Money Prepaid Card Here >. You may also be charged a fee by the ATM operator. Prepaid cards only allow you to spend money already in your account. Brink's Business Expense. Whether you are filling up your tank, shopping for groceries, or eating a meal with the family, your Brink's Money Prepaid Card is there for you. Should You Hire a Debt Settlement Company or Do It Yourself? Program sponsor: Netspend Corporation. Here's an explanation for how we make money Ingo However, if you choose a product and continue your application at a Interest bearing savings account can be connected. Prepaid cards only allow you to spend money already in your account. 8 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. Brink's Money Prepaid Mastercard Activate your Brink's Money Paycard, verify your identity, [1] and learn more about its features here. January 21, 2022 by William Nelson A prepaid Mastercard can provide people without credit or debit cards a way to shop online. $5.95 per month. 1, 2020. Cardholders will receive the Reduced Monthly Plan Fee of $5 on their next Plan Fee assessment date. This caveat is worth considering since prepaid cards dont enjoy as many federal protections as debit and credit cards do. Youll earn 1 Payback Point per dollar on signature purchase transactions (just select credit on the keypad at checkout), minus your purchase fees. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. represent all financial services companies or products. Still, the card offers two-day early direct deposit and a decent portfolio of handy Netspend benefits if youre a Brinks Preferred Benefits cardholder (load qualifying direct deposits of at least $500 in one month to be eligible). Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. The Brinks Prepaid MasterCard comes with additional features. We may also ask to see your driver's license or other identifying information. With Brink's Direct Deposit, you can get paid faster than a paper check. Bankrate.com is an independent, advertising-supported publisher and comparison service. Home Equity Loan vs. Line of Credit: Which Should You Choose? In fact, its missing Netspends virtual card number benefit for safer online shopping. be associated with the funding and use of your card. Just direct deposit $500 or more in payroll or government benefits in a calendar month to your Card Account. We may also ask to see your driver's license or other identifying information. Certain products and services may be licensed under U.S. Patent Nos. At Bankrate we strive to help you make smarter financial decisions. now = new Date(); With Direct Deposit, you don't have to wait in line to cash your check, pay checking cashing fees, or worry about a paper check being lost or stolen. financial product. Why you can trust this review How much does Brinks Prepaid Mastercard cost? Buying a Mobile Home: What You Need to Know, Compare Motorcycle and ATV Insurance Reviews, Compare Personal Watercraft Insurance Reviews, Considering Renters Insurance? theYear = now.getYear(); . Certain products and services may be licensed under U.S. Patent Nos. 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 maximum allowable savings account balance is $5,000. All other trademarks and service marks belong to their owners. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. identity. What Are the Differences Between Federal and Private Student Loans? Brink's Prepaid Mastercard charges a monthly fee of up to $9.95. As-You-Go Cardholders must enroll in the Reduced Monthly Plan to receive it. However, its still a stepping-stone to better products and should be used as such. Securing cash and valuables since 1859. No Minimum Balance, No Late Fees - because this is not a credit card Enroll in Direct Deposit to get yout paycheck or government benefits in your Card Account up to 2 days faster. If your identity is partially verified, full use of the Card Account will be restricted, Each purchase will cost $1.50, but the $9.95 monthly plan may save you money depending on how often youll use your card. 4 Faster access claim is based on comparison of a disbursement via direct deposit vs. disbursement via a mailed paper check. Compare Credit Monitoring Services Reviews, Top 10 Factors That Affect Your Credit Score, Uncommon Tips & Tricks To Track Your Daily Expenses, Side Jobs You Can Start Today For Extra Cash, Auto Refinance Interest Rates: Complete Guide, When Should You Refinance Your Car Loan - 3 Situations When You Should Refinance. Fee applies if there are funds in the Card Account and the Card Account has had no activity, i.e., no purchases; no cash withdrawals; no load transactions; and no Balance Inquiry Fee for ninety (90) days. Standard text message or data rates may apply. if (theYear < 1900) theYear = theYear + 1900; We maintain a firewall between our advertisers and our editorial team. Cardholder may enroll in the Monthly Plan to pay a flat fee of $9.95 per This is a third-party fee and is subject to change. All products or services are presented without warranty. Bankrates editorial team writes on behalf of YOU the reader. 6,000,608 and 6,189,787. [2] Payback Rewards SM You can use your Brink's Money Prepaid Mastercard to pay for just about anything. 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. In those cases, the Brinks Prepaid Mastercard is a solid prepaid credit card that offers a bit more flexibility than some competitors with its pay-as-you-go plan and $10 negative balance cushion. Brink's gives you the peace of mind you deserve. Republic Bank & Trust Company and Mastercard are not affiliated in any way with this optional offer and do not endorse or sponsor this offer. 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%. No Fee. Brink's Money Prepaid Mastercard. The Brink's Prepaid Mastercard is designed for consumers who want the convenience of paying with plastic but dont want (or dont qualify) for a regular credit card. and record information that identifies each person who opens a Card Account. Other prepaid cards like the Amex Serve Cash Back prepaid card may rake in more rewards and provide lower cost networks. 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. Login. this post may contain references to products from our partners. The Brink's Money Prepaid Mastercard combines the security of Brink's with the flexibility and power of Netspend. 7 The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. Notice this card charges a monthly maintenance fee of up to $9.95. $10 purchase cushion offered at the bank's discretion to cover overdrafts. Check the information is accurate and submit your application. transfers between Netspend Cardholders; a $4.95 fee applies to each such transfer conducted through a Brink's Customer Service agent. How to Find a Money Transfer Service Near Me? Use of the Card Account is subject to activation, ID verification, and funds availability. Nouri Zarrugh is a writer and editor for CreditCards.com and Bankrate, focusing on product news, guides and reviews. Were transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. $4.95 per transfer via Customer Service Agent. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. For example, the American Express Serve Cash Back prepaid card earns unlimited 1 percent cash back on all purchases in exchange for a $7.95 monthly fee. There is no minimum balance. Netspend is a registered agent of Republic Bank & Trust Company. calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. No late fees or interest charges because this is not a credit card. ++During checkout, select "CREDIT" on the keypad to make a Signature Purchase, or select "DEBIT" and enter your PIN to make a PIN Purchase. Plan. Republic Bank & Trust Company, Member FDIC. Neither Plan Fee option includes any other fees. Here's how it works: Order a Card To order a Card, provide your name, mailing address and email address. iPad. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. To participate in the Savings $3.00 per transfer. Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. Is Refinancing Your Student Loan Worth It? Can a First-Time Home Buyer Get a Jumbo Loan? Are you an existing customer? Any opinions, analyses, reviews or recommendations expressed here are those of the authors alone, and record information that identifies each person who opens a Card Account. Should You Use a HELOC to Pay Off Credit Card Debt? Above that, the APY drops to 0.50 percent (0.49 percent variable interest rate), which isnt a terrible rate considering the current average APY. Agreement. Which certificate of deposit account is best? Card use subject to activation and identity verification. LET'S TALK. ; Use the Brink's Money Prepaid Mobile App to manage your Card Account on the go and enroll to get text message or email alerts (Message & data rates . It's secure, fast, and free. The interest rates and APYs of each tier may change. Savings vs. Money Market? The Brinks Prepaid is only worth it in very specific situations, like if you cant open a traditional banking account. It's at +100 if everybody recommends the provider, and at -100 when no one recommends. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. Netspend is the federally registered U.S. service mark of Netspend Corporation. mostly not recommended For more than 160 years, Brink's has secured billions of dollars and other important assets. to fraud prevention restrictions at any time, with or without notice. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. bank account, or get paid up to 2 days faster8 with no-cost Direct Deposit. A FICO score/credit score is used to represent the creditworthiness of a Even the rewards with theDiscover it Secured Credit Cardare 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. Greater of 5.0% of total check amount or $5.00 per check load. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Certain products and services may be licensed under U.S. Patent Nos. Home equity line of credit (HELOC) calculator. Intro Offer: Unlimited Cashback Match - only from Discover. How to Open a Brinks fire Safe. 9. person and may be one indicator to the credit type you are eligible for. Card details Highlights Brink's gives you the peace of mind you deserve. 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. Our experts have been helping you master your money for over four decades. 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. Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders identity. Get the app that helps make sure your money keeps up with you! - Midnight (CT) Saturday - Sunday: 8 AM. Another feature is the $10 Purchase Cushion: Brinks will create a $10 negative balance on the account to cover any overdrafts. 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. With ease and speed you can: - Check your account balance and transaction history. Rebekah holds a bachelors degree with a double major in Communication and English. Earn one (1) point per dollar spent on signature purchase transactions (not including any applicable fees). calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. banking practice of posting funds at settlement. Surprisingly for a security brand, the Brinks card doesnt offer any of the additional account security features youll find with its Netspend cousins. It's well-known and trusted by consumers and retailers alike, has an enormous network, and this prepaid credit card has pretty low fees compared to others in the industry. the Average Daily Balance which is $1,000.00 or less will be 4.91%. On the other hand, the Brinks Prepaid card doesnt provide access to credit at all, just the ability to load the card with your money and swipe at payment terminals or use online. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The maximum balance you can have on Brink's Prepaid Mastercard is $15,000. the Average Daily Balance which is $1,000.00 or less will be 4.91%. 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. Release Summary. And your money is FDIC Insured by Republic Bank & Trust Company, Member FDIC, upon card activation and identity verification. Bankrate has answers. Cardholder is responsible for repayment of any negative balance. the Average Daily Balance which is $1,000.00 or less will be 4.91%. So you can avoid interest payments, bounced checks, or overdraft fees. 4. To participate in the Savings Activate/Register Log In Anytime Alerts TM Enroll in Anytime Alerts to keep track of your balance, deposits, and payments via text or email. Set the dial to 0. Which Account Fits You Best? See online custom card FAQs and the Fee Schedule in the Cardholder Agreement. Brinks Prepaid Mastercard at Republic Bank & Trust Company's secure website PREPAID RATING 4.8 OVERALL RATING 3.7/5.0 Our Review Brink's gives you the peace of mind you deserve. 9 Custom Card Fee applies. All rights reserved. Unfortunately, your balance will be constantly nibbled into by the cast of fees that usually come with even the best prepaid cards. With Brink's Direct Deposit, you can get paid faster* than a paper check. 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. ATTENTION JOINT FILERS: Please make sure both parties are listed on the Card Account. Certain products and services may be licensed under U.S. Patent Nos. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. They will tell you how to reload the card. Card activation and identity verification required before you can use the Card Account. Take our 3 minute quiz and match with an advisor today. With the Brink's Prepaid MasterCard, you can get paid up to two days faster and manage your money anytime and anywhere. So you can avoid interest payments, bounced checks, or overdraft fees. Transfer of funds via ACH from your bank account at another financial institution to your Card Account. The offers that appear on this site are from companies from which Bankrate.com receives compensation. See the Cardholder Agreement for details. Getting a Mortgage With a Smaller Down Payment and No PMI. 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.
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