theYear = now.getYear(); * Find surcharge free ATMs. be associated with the funding and use of your card. Youll also experience a $3 Over-the-Counter (OTC) cash withdrawal fee at financial institutions like banks or a 2.75 percent fee of the total withdrawal at in-network reload locations (or $4, whichever is greater). Would you recommend Brink's Prepaid Mastercard to your friends? Personal Loan Vs. Line Of Credit: Which Is Better? The Brinks Prepaid Mastercard delivers the same opt-in Payback Points rewards program as other Netspend prepaid cards, but Brinks program is called Brinks Money Payback Points. money on your Card via Western Union Money Transfer. Unless youre dedicated to a prepaid card, alternative options like one of the best checking accounts might be cheaper. Void in U.S. No fee; standard text message or data rates may apply. All checks are subject to approval for funding in Ingo Money's sole discretion. Home equity line of credit (HELOC) calculator. , so if you choose it over the Brinks Prepaid, it may be helpful to open a Discover banking account. Even the rewards with theDiscover it Secured Credit Cardare slightly higher than the Brinks Prepaid 2 percent back at restaurants and gas stations on up to $1,000 per quarter, then 1 percent, and 1 percent on everything else. now = new Date(); This is a third-party fee and is subject to change. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. Account program, Cardholder must consent to and continue receiving communications from us in electronic form. What Is Brinks Prepaid Mastercard? No late fees or interest charges because this is not a credit card. Prepaid cards only allow you to spend money already in your account. Residents of Vermont are ineligible to open a Card Account. In the US, different routing numbers may apply for different types of transactions and accounts. Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. Starts 2/1/21. and everyday life! Don't have a card? Securing cash and valuables since 1859. Those who can Direct Deposit at least $500. If youve decided a prepaid credit card is the perfect payment choice but you might not use it often enough to justify a monthly fee, then the Brinks Prepaid Mastercard and its pay-as-you-go plan could be a great fit. Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. Get a free consultation from a leading tax expert, in 5 The Pay-As-You-Go Plan is the default Plan Fee on the Card Account. Brink's US Email: csc-dfw@brinksinc.com Use of Card Account also subject to fraud $3.00 per transfer. this post may contain references to products from our partners. A Red Ventures company. While we adhere to strict The maximum allowable savings account balance is $5,000. From bill pay to a mobile app, text alerts to a purchase cushion, the Brinks reloadable debit card is one of our top rated prepaid cards. Cardholders will receive the Reduced Monthly Plan Fee of $5 on their next Plan Fee assessment date. As soon as you do, you are eligible for our Reduced Monthly Plan (just $5 per month compared to $9.95)5, This card allows you to enroll in direct deposit to get paid up to two days earlier. Getting a Business Loan When You Have Bad Credit. Domestic ATMs only charge a $2.50 withdrawal fee. The Self Credit Builder Account marries the features of an installment loan, savings account and secured credit card to help people start their credit-building journey and establish positive financial habits. See the Cardholder Agreement for details. For purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at Republic Bank & Trust Company will be aggregated up to the coverage limit, currently $250,000.00. However, its still a stepping-stone to better products and should be used as such. No minimum balance necessary to open Savings Account or obtain the yield(s). Brink's Prepaid Mastercard sets a daily direct deposit limit of $7,500. Release Summary. Residents of Vermont are ineligible to open a Card Account. See the Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. 6 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. Netspend is a registered agent of Republic Bank & Trust Company. Approval review usually takes 3 to 5 minutes What to do when you lose your 401(k) match, California Consumer Financial Privacy Notice. that identifies each person who opens a Card Account. Ingo Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders identity. You may have to pay a fee of up to $3.95 every time you load the card, Charges a $1.50 signature purchase transaction fee. *SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. Fee applies if there are funds in the Card Account and the Card Account has had no activity, i.e., no purchases; no cash withdrawals; no load transactions; and no Balance Inquiry Fee for ninety (90) days. Is Brinks better than ADT? Copyright 2023 SuperMoney, LLC. if (theYear < 1900) theYear = theYear + 1900; Consolidating vs. And look at all the freebies you get: Free direct deposit. Netspend is a registered agent of Republic Bank & Trust Company. Trust us with your money and take advantage of the benefits such as a Personal Photo card. or originating bank. No charge for this service, but your wireless carrier may charge for messages or data. Fee is determined and assessed by operator of Netspend Reload Network location, and varies depending on location. The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. The company you trust offers you the features and benefits. No minimum balance necessary to open Savings Account or obtain the yield(s). 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. With theDiscover it Secured Credit Card, you do have to put down a security deposit of at least $200, but you can enjoy rewards on your purchases, just like with the Brinks Prepaid, only without the purchase transaction fees if you opt for the pay-as-you-go plan. Set the dial to 0. theYear = now.getYear(); Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders For people without credit, the. Calculated based on the U.S. Dollar amount of the purchase transaction or cash withdrawal. Netspend is the federally registered U.S. service mark of Netspend Corporation. Brink's understands that time and money are valuable to you. As such, your money may go a bit farther with a debit or credit card. Check the banks website for the most current information. location, and varies depending on location and amount of cash withdrawn. Use your Brink's Money Prepaid Mastercard to shop online, in stores, on the phone basically anywhere Debit Mastercard is accepted! Every reasonable effort has been made to maintain accurate information. They will tell you how to reload the card. the Average Daily Balance which is $1,000.00 or less will be 4.91%. 6,000,608 and 6,189,787. It's secure, fast, and free. 9. Compare Home Equity Lines of Credit Reviews. Managing your money wherever, whenever. if (theYear < 1900) theYear = theYear + 1900; While the Brinks Prepaid Mastercard is a solid option, you can find better rewards and fewer fees with other prepaid credit cards or a debit card. (CT) brinksmoneypayroll@brinksinc.com www.brinkspayrollcard.com CompuSafe Customer Support - 8 PM. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. Prepaid cards arent the best rewards pairing material, but co-branded prepaid cards like the Walmart MoneyCard Visa with Cashback Rewards might supply you with a higher-grade source of rewards if you frequently shop at specific retailers. NO PURCHASE NECESSARY. What bank does Brinks prepaid Mastercard use Our goal is to give you the best advice to help you make smart personal finance decisions. How much should you contribute to your 401(k)? All products or services are presented without warranty. Greater of 5.0% of total check amount or $5.00 per check load. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Approved purchase transactions may The information, including card rates and fees, is accurate as of the publish date. Here are some of the ways to add money to your Card Account once you've activated your Card and verified your identity.1, Add Money to your Brink's Money Prepaid Mastercard >. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. Cardholder may enroll in the Monthly Plan to pay a flat fee of $9.95 per month instead of paying a fee for every purchase transaction under the Pay-As-You-Go App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC. However, if used correctly, it can be handy in a bind and help people financially establish themselves before graduating to checking accounts and secured credit cards. calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. Just $5 a month (compared to $9.95) for purchase Fee is determined and assessed by operator of Netspend Reload Network Interest is Use of the Card Account is subject to activation, ID verification, and funds availability. Reverse Mortgages: When Do They Make Sense? 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 Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. You can also deposit your paycheck or a personal check using the mobile banking app, available for both Apple and Android phones. See the program FAQs and Terms and Conditions in your Online Account Center for additional Because the Payback Points programs terms are a bit vague, its difficult to tell the exact point value. 3 Fee may be assessed by reload location and may vary from location to location. Brink's secures valuables around the world. WHAT THIS MEANS FOR YOU: When you open a Card Account, we will ask for your name, address, date of birth, and your government ID number. At Bankrate we strive to help you make smarter financial decisions. After qualifying, Monthly Plan Cardholders will receive the Reduced Monthly Plan Fee of $5 on their next Plan Fee assessment date. Fee is assessed to transferor's account when the transfer is Republic Bank & Trust Company, Member FDIC. For one, setting up direct deposits with the Brinks card means funds are available up to 2 days earlier than with a bank. Here's how it works: Order a Card To order a Card, provide your name, mailing address and email address. The APYs were accurate as of var now = new Date(); var balanceDate = now.getMonth() + "/01/" + now.getFullYear(); document.write(balanceDate);. create up to a $10.00 negative balance on your Card Account. Fill in the application form. Interest is to fraud prevention restrictions at any time, with or without notice. I mention reloading because it would be IMHO, the only reaso. NOTE: Fees assessed to your Card Account balance may bring your Card Account balance negative. Buying a Mobile Home: What You Need to Know, Compare Motorcycle and ATV Insurance Reviews, Compare Personal Watercraft Insurance Reviews, Considering Renters Insurance? Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. It's a 16-digit number and CVV code that are tied to an account. of a check or other direct payment method. The APYs were accurate as of Can you run a netspend card as credit? prepaid debit cards and related financial services to the estimated 60 million underbanked consumers in the United States It's ideal for those who want early access to paychecks or government benefits or the ability to load funds in-person at more than 130,000 Netspend Reload Network locations in the US. Use the Brink's Money Prepaid Mobile App to manage your account on the go and get text message or email alerts (Message & data rates may apply.) WHAT THIS MEANS FOR YOU: When you open a Card Account, we will ask for your name, address, date of birth, and your government ID number. Greater of 2.0% of total check amount or $5.00 per check load. ++During checkout, select "CREDIT" on the keypad to make a Signature Purchase, or select "DEBIT" and enter your PIN to make a PIN Purchase. You may opt-out at any time by visiting the Payback Rewards page in your Online Account Center. Card details Highlights Brink's gives you the peace of mind you deserve. Netspend is the federally registered U.S. service mark of Netspend Corporation. (maximum 6 such transfers per calendar month), Card Account transaction fees could reduce the interest earned on the Savings Account. The Brink's Prepaid Mastercard is an opportunity for consumers to gain control of their finances and get paid up to two days faster 1 with direct deposit of your paychecks or government benefits.. Order Your Brink's Money Prepaid Card Here >. A FICO score/credit score is used to represent the creditworthiness of a Neither Plan Fee option includes any other fees. plus you get: Use your Card in everyday places and you could earn cash back offers back to your Card Account. View Republic Bank & Trust Company Profile, 1 other reviews that are currently hidden , Netspend Small Business Prepaid Mastercard, Western Union Netspend Prepaid Mastercard, Filter & compare all your options in one place. 8. Brink's Money Prepaid Mastercard. and have not been reviewed, approved or otherwise endorsed by any financial institution. Unapproved checks will not be funded to your card. It's well-known and trusted by consumers and retailers alike, has an enormous network, and this prepaid credit card has pretty low fees compared to others in the industry. 5. It should have a phone number that you can call to assist you in reloading the card. Cardholder may enroll in the Monthly Plan to pay a flat fee of $9.95 per 6,000,608 and 6,189,787. for your tax refundand for all your payroll and benefit checks too. If you choose the pay-as-you-go plan, itll be hard to maneuver without tripping over a fee. All products, logos, and company names are trademarks or registered trademarks of their respective holders. When your highest-paid employees spend time handling cash, your business loses time and money. family document.write(theYear); custom card requires resubmission of image and payment of Custom Card Fee; or (b) a replacement standard card requires payment of up to the coverage limit, currently $250,000.00. To order a Card, provide your name, mailing address and email address. $9.95 per lost, stolen, or damaged Card replaced. 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. Card activation and identity verification required before you can use the Card Account. Please explain your vote by sharing your experience. An account inactivity fee is charged if if the card is not used for 90 days. The maximum balance you can have on Brink's Prepaid Mastercard is $15,000. Card use subject to activation and identity verification. Use of Card Account also subject Check the information is accurate and submit your application. transactions!5. Prepaid Debit Cards from, in Walmart MoneyCard. If - 8 PM. Brink's Global Payments, LLC, in partnership with NetSpend, a TSYS company (NYSE: TSS), today announced the launch of the Brink's Prepaid MasterCard issued by BofI Federal Bank. month instead of paying a fee for every purchase transaction under the Pay-As-You-Go Plan. delay availability of funds with or without notice. Pay- Use your Brink's Money Prepaid Mastercard to shop online, in stores, on the phone basically anywhere Debit Mastercard is accepted! Cash back rewards are credited to your Card Account and are not available in the form Interest is calculated on the Average Daily Balance(s) of the Should you accept an early retirement offer? Take advantage of the convenient features that help take the stress out of managing your money so you can spend time on the important things, like friends, How to Get a Reverse Mortgage: 3 Steps to Getting an HECM. See the What is a Brink's money card The Brink's Money Prepaid Mastercard is an award-winning debit card with many rewarding features. There is no minimum balance. Bankrateexpert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. Each purchase will cost $1.50, but the $9.95 monthly plan may save you money depending on how often youll use your card. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. You do have the card in your possession, correct? The Brinks Prepaid Mastercard can be helpful in a financial pinch for people who are unbanked or who cant open a traditional checking account. PayPal's prepaid MasterCard charges $4.95 per month for unlimited purchases. Prepaid cards operate like debit cards in that you cant spend beyond your cards balance. More from our insights library: The True Costs of Manual Cash Management Manual cash management costs businesses time and money. You have not yet won. Avoid These Costly Mistakes, Compare Specialty Homeowners Insurance Reviews, Expert Strategies to Invest in Real Estate, How To Start Investing with $1,000 or Less, Investment Strategies to Start Building Wealth, Finding the Right Investor for Your Startup, Strategies On Increasing Your Current Income, How To Manage Your Personal Finances Successfully, Retirement Savings: Making Up for Lost Time. The Brinks Prepaid is only worth it in very specific situations, like if you cant open a traditional banking account. Brink's Prepaid Mastercard does not require a credit check, so approval is guaranteed. IRS Tax Debt Relief Program: What Is It and Do You Qualify? Up to the Greater of 2.75% of the withdrawal amount or $4.00 per withdrawal. are slightly higher than the Brinks Prepaid 2 percent back at restaurants and gas stations on up to $1,000 per quarter, then 1 percent, and 1 percent on everything else. Unlike credit cards, however, they don't work on credit. No Fee. (CT) Saturday - Sunday: 8 AM. We may also ask to see your driver's license or other identifying information. Unfortunately, your balance will be constantly nibbled into by the cast of fees that usually come with even the best prepaid cards. Open only to U.S. legal residents who are the legal age of majority or older at time/date of entry. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. You can receive up to 50 percent discounts on prescriptions with major pharmacies with a printable discount card if you choose to join the medical discount plan provider location service included with your card. Points can be redeemed for cash back in the form of account credits, but you must log in to the Online Account Center or mobile app to see your other reward choices. 9. 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%. 6,000,608 and 6,189,787. Certain products and services may be licensed under U.S. Patent Nos. January 21, 2022 by William Nelson A prepaid Mastercard can provide people without credit or debit cards a way to shop online. Activate/Register Log In Anytime Alerts TM Enroll in Anytime Alerts to keep track of your balance, deposits, and payments via text or email. Territories, including Guam and Puerto Rico, and where prohibited by law. What Are Collateral-Free Unsecured Business Loans? Prepaid MasterCards are used like regular credit cards. Plan. Enroll in Direct Deposit to have your paycheck or government benefits onto your Card Account. Use your card for signature purchase transactions then redeem those points for cash back on your Card Account.4, Add check funds to your Brink's Prepaid Mastercard with the mobile app.5, Checks subject to approval. See full Official Rules for details. but you may be able to use the Card for in-store purchase transactions. The Brink's Money Prepaid Mobile App gives you the power to manage your money on the go from the palm of your hand - View your transaction history and balance - Send money to friends and family. Compare real offers from multiple lenders. Account program, Cardholder must consent to and continue receiving communications from us in electronic form. You can use your Brink's Money Prepaid Mastercard to pay for just about anything. Details about bill payment methods are available in the Online Account Center. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company pursuant to a license by Mastercard International Incorporated. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. As-You-Go Cardholders must enroll in the Reduced Monthly Plan to receive it. This caveat is worth considering since prepaid cards dont enjoy as many federal protections as debit and credit cards do. 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). Percentage taken of total check amount. Rebekah Hovey is an editor with nearly a decade of experience creating and shaping content in finance-related and health care fields. 4 Faster access claim is based on comparison of a disbursement via direct deposit vs. disbursement via a mailed paper check. Does Brinks charge a monthly fee? 3. You will need to pay $9.95, if you need a card replacement. - Find surcharge free ATMs. You'll also get text alerts each time the card is used so you'll always know the balance and you'll remain protected from unauthorized purchases. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. reduce the interest earned on the Savings Account. Brinks Prepaid Mastercard vs. other starter cards, Connect with Garrett Yarbrough on LinkedIn, One Time $9 - $15 Account Fee (Varies by Product), , you do have to put down a security deposit of at least $200, but you can enjoy rewards on your purchases, just like with the Brinks Prepaid, only without the purchase transaction fees if you opt for the pay-as-you-go plan. 7 The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. enrolled in the Monthly Plan and your Card Account has had no activity as described above, this fee applies instead of the Monthly Plan Fee. 6,000,608 and 6,189,787. With Brink's Direct Deposit, you can get paid faster* than a paper check. Prepaid cards only allow you to spend money already in your account. Fee may be either a flat fee or a percentage of the withdrawal amount. document.write(theYear); The Brink's Prepaid Mastercard is designed for consumers who want the convenience of paying with plastic but dont want (or dont qualify) for a regular credit card. Is Refinancing Your Student Loan Worth It? calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. With Direct Deposit, you don't have to wait in line to cash your check, pay checking cashing fees, or worry about a paper check being lost or stolen. Transfer of funds via ACH from your bank account at another financial institution to your Card Account. These are some of the most common fees associated with the use of your Card. Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision. to fraud prevention restrictions at any time, with or without notice. represent all financial services companies or products. 4 Fees for bank transfers are determined by the transferor's bank and may be charged to the transferor's bank account by the service provider Start to spend more time on the things that matter like family, friends and everyday life. Mastery Wiki Search for: How; Who; details about how and when you get rewarded. Besides its laundry list of fees, a few other key considerations deserve your attention before choosing the Brinks Prepaid. Fraud prevention restrictions may Considering a card program for your business? Ends 1/31/22. CTA Banner. If your identity is partially verified, full use of the Card Account will be restricted, The best move by far is to accept the reduced monthly plan as a Brinks Preferred Benefit member, which requires $500 in qualifying direct deposits each month. If you wish to change to another Plan, just call 1 (877) 8493249 or visit. 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. Login. Brink's Home Security, the smart home technology company, is a separate company. What Are The Different Types of Life Insurance? Securing cash and valuables since 1859.; With Brink's Direct Deposit, you can get paid faster than a paper check. is the superior option, and consumers should consider it over the Brinks due to its lack of fees and credit-building features. (CT) brinksmoneypayroll@brinksinc.com Brink's Paycard 1-855-627-4657 Monday - Friday: 6 AM. Earn unlimited 1% cash back on all other purchases automatically. No Minimum Balance, No Late Fees - because this is not a credit card Agreement. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. redemption parameters. deducted from check total prior to loading your Card Account. Card use subject to activation and identity verification. Prizes include (4) Grand Prizes valued at $5,000 each; (12) First Prizes valued at $500 each, (12) Second Prizes valued at @250 each, and (12) Third Prizes valued at $100 each. Residents of Vermont are ineligible to open a Card Account. . Put your picture on a Card for added security when paying a merchant in store. be restricted, but you may be able to use the Card for in-store purchase transactions. Where the Discover it Secured Credit Card really outshines compared to the Brinks Prepaid is its reduced fees. And your money is FDIC Insured by Republic Bank & Trust Use Direct Deposit Which Account Fits You Best? but can take up to one hour. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. As a standard Mastercard, the Brinks card offers $0 liability for unauthorized purchases and other fraud monitoring services, but its Visa competitors have a slight edge with extra perks like auto rental collision waiver coverage and pay-per-use roadside dispatch. With Brink's Direct Deposit, you can get paid faster than a paper check. If your identity is partially verified, full use of the Card Account will Refinancing Student Loans, Alternatives To Private Student Loan Forgiveness. When it comes to rewards cards centered around cash back on everyday purchases, you typically want your points to be worth at least 1 cent apiece for a 1 percent cash return. 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. 9 Custom Card Fee applies. Certain products and services may be licensed under U.S. Patent Nos. Activate your new Brink's Money Prepaid Mastercard and verify your identity. 6 Payback Rewards is an optional program. Brink's Prepaid Mastercard charges a monthly fee of up to $9.95. Pay-As-You-Go Cardholders must enroll in the Reduced Monthly Plan to receive it. Discover will automatically match all the cash back you've earned at the end of your first year! 6,000,608 and 6,189,787. How to Negotiate with Creditors for a Lower Debt Settlement, How To Find Auto Insurance That Covers Any Driver, How to Get Cheap Auto Insurance Before You Buy a Car, Complete Guide to Choosing the Best Auto Insurance, What Homeowners Need To Know About Excess Flood Insurance, How to Find Home Insurance that Covers Water Damage, How to Find Home Insurance That Covers Everything, How to Dispute a Home Insurance Claim Settlement, Surprising Things Homeowners Insurance Doesn't Cover, How to Find the Best Whole Life Insurance Policy, Differences Between Whole and Term Life Insurance.