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 MyVanilla Prepaid Card comes with no monthly maintenance fee, but there’s a card activation fee of up to $3.95.

MyVanilla Prepaid Card

Are funds FDIC-insured? Yes
Monthly maintenance fee $0
Can the monthly fee be avoided? N/A
Card activation fee Up to $3.95
Reload fee via direct deposit $0
ATM withdrawal fee (issuer’s ATM) N/A
Nonissuer’s ATM withdrawal fee, not including any bank fees $1.95
ATM balance inquiry $1
Fees for point-of-sale transaction  $0.50
Fees for signature transaction $0.50
Paper statement fee $4.95
Paper statement at ATM N/A
Bill payment fee $0.50
Fee for customer service by phone $0
Declined transaction fee ATM: $0.75
Purchase overdraft available? No
Cost of purchase overdraft N/A
Inactivity fee $3.95
Notes: There is a fee of $3.95 per month after 90 days of inactivity.

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

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