Can I Get A Debit Card Without A Bank Account
To get a traditional debit card, you’d need to choose a bank or other financial institution that offers accounts with debit cards, select the type of account you want, and open and maintain that account with the bank or financial institution.
Opening an account usually requires showing or sending some form of government-issued identification, filling out paperwork, and sometimes depositing a small amount of money to fund the account.
On the other hand, prepaid debit cards don’t require you to open an account with a bank. To get a prepaid debit card, you just need to find a place to buy one.
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What Can A Prepaid Visa Card Be Used For
So do prepaid Visa cards work, or is it just a nice idea?
Well, let me make it clear that they definitely do work. They are issued by Visa, which has been around for years and is reliable. So it is definitely a real way to have money.
And it is very easy to use.
There are some prepaid Visa cards that can only be used in your own country. This depends on the card you get. You will be able to find out if this is the case by reading the terms, where you get the card.
But in general, you can use a prepaid card as a normal Visa card. You can use it in any shop both online and offline if the shop or service accepts Visa debit.
If you get virtual visa cards, you can of course only use these for online shopping. But with what you can buy online nowadays, it will definitely not be a problem to find a way to use your virtual Visa card, if you get one of these.
The advantage of the virtual card is that since it is electronic, you can usually get it within minutes or hours after ordering it, whereas the physical prepaid Visa card has to be sent by post, which can take weeks in some cases.
Be aware that sometimes the prepaid cards have an expiration date like any other card. So make sure to use the credit before it expires.
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Buying Products To Resell
I know youve probably heard about this method, but if you havent, here is how it goes.
The technique not only offers you a chance to get cash out of your Visa gift card, but you can also make some extra money. In essence, its about taking advantage of great deals.
Platforms like PayPal allow you to pay for products through prepaid gift cards, and various retailers accept online payments.
Therefore, you can make an online or in-store purchase using Visa gift cards through PayPal.
If you spot a deal that is ideal for a product you can buy, you can do so and then resell the product at a profit or at a breakeven price to get your cash.
This can be a great option if you are able to get cheap deals for useful products that you can later resell.
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What Is A Prepaid Debit Card
A prepaid debit card is a means of payment. As with a traditional debit card, you can use a prepaid card to make purchases online and in-person wherever the card is accepted. Prepaid cards are typically issued on the same payment networks as regular debit and credit cards, including Visa, Mastercard, American Express, and Discover.
The difference between a prepaid debit card and a regular debit card is that the former isnt tied to a checking account with a bank or credit union. Also, you can only use the funds that youve loaded onto the card. While some prepaid cards offer overdraft protection, thats not as universal as with traditional bank accounts.
Prepaid debit cards are sometimes compared to secured credit cards, but the two are very different. With a prepaid debit card, you simply use the money you load onto your card. By contrast, a secured credit card requires that you make an upfront deposit, which becomes your credit line. You can use that credit line, pay it off, and continue to use it over and over again. You never actually use the deposit money, and you can get the deposit back when you close the account or potentially even sooner. Also, a secured credit card can help you build credit, which wont happen with a debit card.
For that reason, its important to shop around and compare several cards before you choose one.
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Convert Your Visa Gift Card To Cash By Selling It To A Website
There are plenty of websites that will pay cash for your Visa gift card. In addition to the ones mentioned above that have apps for this, there are also others like Gift Card Granny, CardCash and more.
If your gift card is digital, then the process can be instantaneous. But even if you have a physical card, some of these sites will pay for your postage to send them the card, so you wont end up losing any money on that front.
Like with the apps, the sites will take a fee based on a percentage of the balance of the card, so make sure you know just how much this is before agreeing to the sale.
Also, it can be a good idea to do some searches for the site youre considering using, just to get the most up to date reviews on whether other people have had a good experience with them.
Can I sell a Visa gift card to other people?
You can definitely sell a Visa gift card to other people, but youre probably going to have to accept less money than the balance on the card to make it worth their while to buy it from you.
Sites like eBay or Craigslist will work perfectly for these kinds of arrangements. Make sure you keep in mind shipping costs if youre selling a physical card and, as always on these kinds of sites, keep an eye out for any scams. If something sounds too good to be true, it probably is.
How To Transfer A Visa Gift Card To A Bank Account
You can transfer money from a prepaid card to your bank account indirectly by trying some of the following options, which we go into more detail about above:
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One: Find Out If Your Prepaid Card Can Be Used Anywhere Or Is Limited To Participating Merchants Only
Visit your prepaid card companys website and look at the cards features. Can it be used anywhere that regular debit cards are accepted?
For example, certain cards have the following features:
The Card can be used to purchase merchandise and services anywhere Visa debit cards are accepted in the United States.
However, other cards are only limited to participating merchants:
Your Card can be used to purchase merchandise and services at any grocery store, specialty foods store, food truck or online food retailer in the US where Visa debit cards are accepted.
If your card can be used anywhere in the United States , then you can move on to step two. Otherwise, read our section on transferring gift card balances to your bank account.
How To Get Free Prepaid Visa Cards 8 Best Sites
Having money on a card is an easy way to buy both online and in shops.
Did you know that it is actually possible to earn free debit cards to use for these purposes?
In this article, I am going to show you how to get free prepaid Visa Cards, what you have to consider before getting them, and show you the best sites to get them.
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Mogo Prepaid Visa Card
The Mogo Visa Platinum prepaid card is free and can be used to make purchases online and through POS.
It is paired up with a versatile app that provides insights into how your money is being spent.
The app also provides these benefits:
- Automatic savings using auto-transfers. For example, you can choose to save $50 every week
- Set spending goals and find ways to cut your expenses
- Easy payments using Apple Pay, Google Pay, and Samsung Pay
- Easily freeze your card via the app if you lose it
To get the Mogo Visa Platinum prepaid card, you need to first become a member. Mogo membership is free and you can .
Perks of membership include access to free Equifax credit scoresevery month and Identity Fraud Protection.
- Monthly fee: $0
Give Out The Visa Gift Card As A Gift
Sometimes, you may be required to give a gift to a friend or a family member for special occasions such as weddings.
Since the prepaid Visa gift cards are usually bought in denominations of $100, $200 or $500, it can be an excellent gift and will essentially serve as cash.
Instead of giving a check, a Visa gift card is just as good.
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Can You Turn A Visa Gift Card Into Cash In Hand
Some of these options are better than others at turning a Visa gift card into cash in hand. In fact, this will really only be the outcome when youre trading your card in in-person, such as when selling it to someone or converting a Gift Card Kiosk voucher into money.
However, having the money added to your PayPal or bank account is as close to cash in hand as you can get. Simply add the extra step of going to withdraw it and youre on your way.
Q: What Are Some Of The Fees Associated With The Card
A: You will have to pay a fee for certain transactions with the economic impact card. Here are some ways you may incur a charge, according to the cardholder agreement Treasury has with MetaBank.
Bank teller counter transaction: The first withdrawal is free, but its $5 for each withdrawal or transaction after that. Additionally, you may also be charged a fee by the bank.
Out-of-network ATM fee: The first withdrawal from an out-of-network ATM is free. After that, its $2. You may also be separately charged a fee by the owner or operator of the ATM. Again, to avoid fees, search for an in-network ATM here.
ATM balance inquiry fee: 25 cents.
To minimize or eliminate any fees for the debit card, read the material you received in the letter very carefully. Theres also an online summary of the fee schedule.
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How Much Does It Cost
Youll pay a fee based on the amount you are sending. For amounts less than $200, MoneyGram charges you a base fee of $1.99. For amounts above $200, it charges $1.99 + 1% of the transferred amount.
For example, if youre going to send $500, the fee will be $1.99 + $5, for a total of $6.99.
You can estimate the fee before you send the money by using the fee calculator on the MoneyGram homepage.
Is It Easy To Get A Prepaid Debit Card
Just like debit cards, it is easy to get a prepaid debit card. There are no restrictions on or credit histories, as it happens with unsecured credit cards. Issuing out prepaid cards is a business, and the concerned institutions make a lot of money. When making transactions, some deductions accompany your transactions, which go as a profit to the card issuer.
The same applies to debit cards. Any bank would like to issue a debit card to you since they know that a debit card brings a lot of profits to them when you buy goods and services, as well as when you withdraw money in an ATM. Statistics show that people using payment cards to shop and pay for products and services usually spend a lot as compared to those using cash.
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How To Transfer Money From Your Prepaid Card To Your Bank Account Using Moneygram
We struggled to find a simple, sure-fire way to move funds off our prepaid cards for a long time. One day, a helpful reader shared this clever hack that works with almost every prepaid card.
Using a remittance service like MoneyGram, you can transfer money to your bank account quickly, cheaply and safely.
Here Are Some Reasons Why We Love This Method:
Safe: MoneyGram has been around since 1940, and is the second largest money transfer company in the world.
Fast: Receive your money in minutes if you choose the Debit Card Deposit option.
Cheap: Fees are as low as $1.99. See our section on how their fees are calculated.
Reliable: Dozens of our readers have successfully used this method, and it appears to work for virtually any prepaid card.
Here are the steps to transfer money from your prepaid card to your bank account using MoneyGram:
How To Transfer Gift Card Balances To Your Bank Account Using Cardcash
Yes, you can transfer money from most prepaid gift cards to your bank account using a service called CardCash.
Unlike most prepaid cards, gift cards are disposable and can only be used until the balance reaches zero while most prepaid cards are reloadable and can be used indefinitely.
Thankfully, weve found one proven method for transferring money from your gift card to your bank account.
You can use mobile payment services like CardCash to transfer your money from your gift card or prepaid to your bank account.
The catch? Its more expensive than just using the gift card or prepaid card to buy items. So make sure that its really the cash value that you want from the gift card.
To transfer gift cards to your bank account using the CardCash Option:
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Fifth Third Access 360 Reloadable Prepaid Card
Best for ATM withdrawals
Fifth Thirds Access 360° prepaid debit card takes part in Allpoints massive U.S. network and has access to over 50,000 ATMs. This card is available in the 11 states where there are Fifth Third branches, which is the only place you can get the card.
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General fees and features: $4 monthly fee thats waived if you have $500 or more in deposits monthly or a Fifth Third checking account no costs for activation or inactivity.
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Purchases: No fees.
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ATM withdrawals: Free at Fifth Third ATMs and ATMs in the Allpoint ATM network free at Presto! ATMs inside Publix stores and at 7-Eleven ATMs listed on the bank’s website or mobile app $2.75 fee at other ATMs, plus any ATM operator fees.
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Reload methods: Direct deposit, bank transfer, cash load at Fifth Third branch or ATM.
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Other services: Card can have joint owners.
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Downsides: Theres no access to a nationwide retail network for adding cash the cards not available in every state and the card doesnt have a separate savings feature.
How To Login Or Sign In Netspend Visa Or Prepaid Card
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Hey, This is Jack. Are you looking for a way to get a Netspend visa or prepaid card? The simple and quick steps to access the Netspend login account are given below: Founded in 1999, Netspend is a leading provider of prepaid debit cards, prepaid debit Mastercard and Visa cards, and commercial prepaid card solutions, with over 10 million customers served in the U.S. To Know more visit the website Netspend Visa Card Login.
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Bank Of America Edd Card
If you have the Bank of America EDD Prepaid Debit Card or the EDD Prepaid Digital Card, you can transfer money to your checking or savings account. You can also choose to perform a one-time transfer or a recurring direct deposit transfer to your bank account.
The EDD Digital Card is actually designed for people who prefer to directly transfer the funds to their personal bank account.