what is brinks prepaid mastercard

Its hard to steer clear of these fees, especially considering the list of situational costs like a 4 percent foreign transaction fee, $5.95 90-day inactivity fee and even a $4.95 fee for a custom picture on your card. Ongoing rewards program boosts its long-term value, 130,000+ locations in the Netspend reload network, Pay-as-you-go plan offers flexibility with individual purchase fees instead of monthly fees, Shares valuable Netspend benefits, like a $10 courtesy cushion, Long list of fees make pay-as-you-go expensive, Nearly identical to the Netspend Visa Prepaid Card, Doesnt build credit and no additional security measures with Brinks. , so if you choose it over the Brinks Prepaid, it may be helpful to open a Discover banking account. Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. 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. Meanwhile, the Brinks Prepaid can (and will) charge you almost $6 a month after 90 days of inactivity, which further eats into your balance. However, its rewards program is confusing, and, like most prepaid cards, it poses a few fee-harvesting traps. - 8 PM. Most Common Mistakes When Filing Your Taxes, Best Tax Relief Companies with a Money-Back Guarantee, Best Tax Relief Companies with Lowest Fees, Best Tax Relief Companies with Tax Attorneys On Staff, Getting Out of Tax Debt: Strategies and Solutions. create up to a $10.00 negative balance on your Card Account. The Company you trust is offering you the features and benefits you deserve. Enroll in Brink's Money Payback Points. Enroll in Direct Deposit to get your paycheck or government benefits in your Card Account up to 2 days faster! create up to a $10.00 negative balance on your Card Account. Certain products and services may be licensed under U.S. Patent Nos. Direct Deposit more than $500 in payroll or government benefits in a calendar month and you'll be eligible for the Reduced Monthly Plan, our plan with the most features. No minimum balance necessary to open Savings Account or obtain the yield(s). Start to spend more time on the things that matter like family, friends and everyday life. month instead of paying a fee for every purchase transaction under the Pay-As-You-Go Plan. Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card. restrictions may delay availability of funds with or without notice. availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. Getting a Business Loan When You Have Bad Credit. For people without credit, theDiscover it Secured Credit Cardis the superior option, and consumers should consider it over the Brinks due to its lack of fees and credit-building features. Because the Payback Points programs terms are a bit vague, its difficult to tell the exact point value. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. Void where prohibited. There's no interest or late fees because it's not a credit card. Brink's, Incorporated operates in the State of Texas under DPS License C00550 Check the banks website for the most current information. 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. With Brink's Money, everyone is eligible regardless of credit history,2 Once you activate your Brink's Money Prepaid MasterCard, you'll love the Brink's Money Program because it's: Fast and Convenient: No more waiting to get your paycheck. The Brinks Prepaid MasterCard is for those who might not be able to get a bank account, but want some of the benefits and features of a bank account. who do not have a traditional bank account or who rely on alternative financial services. (Residents of the State of Vermont are ineligible to open a Card Account). There is a signature transaction fee of $1.50 every time a merchant requires signature-based authentification. If the Average Daily Balance is more than $1,000.00, the interest rate paid on the portion of the Average Daily Balance which exceeds $1,000.00 will be 0.49% with an APY of 0.50%, and the interest paid on the portion of Brink's is founded on a heritage of trust and a reputation as the most reliable name in the industry. See the Certain products and services may be licensed under U.S. Patent Nos. iPad. 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%. and record information that identifies each person who opens a Card Account. Certain restrictions apply; see the program terms and conditions for full details, including point earning and mostly not recommended Home Equity Loan vs. Line of Credit: Which Should You Choose? Hidden. - Midnight (CT) Saturday - Sunday: 8 AM. 4% of the U.S. Dollar amount of the purchase transaction. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Use your Brink's Money Prepaid Mastercard to shop online, in stores, on the phone basically anywhere Debit Mastercard is accepted! See full Official Rules for details. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Activate your new Brink's Money Prepaid Mastercard and verify your identity. This is a third-party fee and is subject to change. Load your Card Account the way you want: At one of our 130,000 reload locations, Access your Card Account with our Online Account Center, mobile apps and Anytime Alerts. [2] Payback Rewards SM Here's how it works: Order a Card To order a Card, provide your name, mailing address and email address. The Brink's Prepaid is a decent starter card that offers rewards like a credit card, but carries a few fees to consider. The Brink's Money Paycard Mobile App gives you the power to manage your account on the move. Furthermore, there are better prepaid cards that can truly help you establish financial security and provide avenues to graduate to products like the best secured credit cards. If your identity is partially verified, full use of the Card Account will When you open a Self account, a loan is placed into a certificate of deposit, which you must pay back. Would you recommend Brink's Prepaid Mastercard to your friends? affiliation, or sponsorship, of or by SuperMoney or them of us. Pros and Cons of Refinancing Your Mortgage, Questions to Ask Before Refinancing Your Mortgage, SuperMoney's Student Loan Refinance Marketplace, How To Get The Best Student Loan Refinance Rates. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Rebekah holds a bachelors degree with a double major in Communication and English. 5 The Pay-As-You-Go Plan is the default Plan Fee on the Card Account. No late fees or interest charges because this is not a credit card. For Read More All products, logos, and company names are trademarks or registered trademarks of their respective holders. The interest rates and APYs of each tier may change. 1 1IMPORTANT INFORMATION FOR OPENING A CARD ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, Brink's Prepaid Mastercard has a daily ATM withdrawal limit of $940. The account earns a whopping up to 5 percent APY, but only up to a tiny $1,000 balance (4.91 percent variable interest rate). 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 your identity is partially verified, full use of the Card Account will be restricted, The Brinks prepaid card is issued by Netspend and carries a nearly identical structure to the Netspend Visa Prepaid Card down to the rewards, fees and most benefits. Residents of Vermont are ineligible to open a Card Account. The Brink's Prepaid Mastercard is designed for consumers who want the convenience of paying with plastic but don't want (or don't qualify) for a regular credit card. Use of Card Account also subject to fraud Prepaid MasterCards are used like regular credit cards. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Details about bill payment methods are available in the Online Account Center. Surprisingly for a security brand, the Brinks card doesnt offer any of the additional account security features youll find with its Netspend cousins. If Cardholder is subject to Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Greater of 2.0% of total check amount or $5.00 per check load. Void where prohibited by law. The company's mission is to develop For more than 160 years, Brink's has secured billions of dollars and other important assets. Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. $3.00 per transfer. You could win up to $5,000 in the Brink's Show Me The Money Truck Sweepstakes. This is a third-party fee and is subject to change. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. No fee to receive How to Get a Reverse Mortgage: 3 Steps to Getting an HECM. Securing cash and valuables since 1859. Your money is in your Brink's Money Account and ready to be used by 8 a. CT on your payday. Charges a monthly maintenance fee of up to $9.95. And your money is FDIC Insured by Republic Bank & Trust App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC. identity. No charge for this service, but your wireless carrier may charge for messages or data. Should you accept an early retirement offer? Release Summary. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company pursuant to a license by Mastercard International Incorporated.

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