Bankrate’s 2015 Prepaid Debit Card Survey offers a rundown of the card’s many variables, including fees, restrictions and factors that may affect a consumer’s decision in choosing a prepaid debit card. The Chase Liquid card carries a $4.95 monthly service fee, but the monthly fee can be avoided.

Chase Liquid

Are funds FDIC-insured? Yes
Monthly maintenance fee $4.95
Can the monthly fee be avoided? Yes
Card activation fee $0
Reload fee via direct deposit $0
ATM withdrawal fee (issuer’s ATM) $0
Nonissuer’s ATM withdrawal fee, not including any bank fees $2
ATM balance inquiry $0 in network; $2 out of network
Fees for point-of-sale transaction  $0
Fees for signature transaction $0
Paper statement fee $0
Paper statement at ATM N/A
Bill payment fee $0
Fee for customer service by phone $0
Declined transaction fee $0
Purchase overdraft available? Yes
Cost of purchase overdraft $34
Inactivity fee $0
Notes: An amount of $25 must be initially loaded into account when opening. Monthly maintenance fee waived when linked to Chase checking account; same fee waived if there are 90 or more days of card inactivity. Only way to overdraft is if automatic payment is set up; all other transactions are declined.

Bankrate.com surveyed 31 prepaid debit card offers Feb. 2-10, 2015. These are the resulting fees, restrictions and other card provisions.

Promoted Stories