April 6, 2015 in Banking

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 H&R Block Emerald Prepaid MasterCard carries no monthly maintenance fee, but comes with a $1.50 fee for ATM balance inquiries.

H&R Block Emerald Prepaid MasterCard

Are funds FDIC-insured? Yes
Monthly maintenance fee $0
Can the monthly fee be avoided? N/A
Card activation fee $0
Reload fee via direct deposit $0
ATM withdrawal fee (issuer’s ATM) N/A; but free at MoneyPass ATMs
Nonissuer’s ATM withdrawal fee, not including any bank fees $2.50
ATM balance inquiry $1.50
Fees for point-of-sale transaction  $0
Fees for signature transaction $0
Paper statement fee $0, but must be requested each month
Paper statement at ATM N/A
Bill payment fee $0.95 per transaction
Fee for customer service by phone $0
Declined transaction fee $1.50 at ATM; $0 for declined purchases
Purchase overdraft available? No
Cost of purchase overdraft N/A
Inactivity fee $4.95
Notes: Inactivity fee of $4.95 per month after 2 months.

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