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READYdebit Visa Prepaid Card
Debit Cards » Best Prepaid Debit Cards » READYdebit Visa Prepaid Card
The READYdebit Visa Prepaid Card is pricey with a $9.95 activation fee -- one of the highest in the survey -- and a relatively high monthly maintenance fee, which can be waived with a $1,500 monthly direct deposit. Bankrate's 2013 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.
READYdebit Visa Prepaid Card (by The Bancorp Bank) |
|---|
| Are funds FDIC-insured? | Yes |
| Monthly maintenance fee | $3.95 |
| Can the monthly fee be avoided? | Yes, see notes |
| Card activation fee | $9.95 |
| ATM withdrawal fee (issuer's ATM) | N/A |
| Nonissuer's ATM withdrawal fee, not including any bank fees | $2.25 |
| ATM balance inquiry | $0.50 |
| Fees for point-of-sale transaction | $0.95 |
| Fees for signature transaction | $0.95 |
| Paper statement fee | $2.00 |
| Fee for customer service by phone | $2.00 |
| Declined transaction fee | $1.95 |
| Inactivity fee | $0.00 |
| Notes: Monthly maintenance fee is waived with $1,500 monthly direct deposit. Select Card: $9.95 monthly maintenance fees, Signature and PIN transactions free, no ATM balance-inquiry fee, one free live customer-service call per month, then $2 each. Platinum Card: $14.95 monthly maintenance fee, signature and PIN transactions free, ATM withdrawal fee of $2, no ATM balance-inquiry fee, no live customer-service call fees. |
Bankrate.com surveyed 24 prepaid debit card offers from Feb. 12-19, 2013. These are the resulting fees, restrictions and other card provisions.