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The AccountNow® Prepaid Visa®,
issued by MetaBank, is a stored
value card designed for those
who may have difficulty in
obtaining a standard unsecured
credit card.
Although the card does not
require a banking account to be
opened, it does require payments
in advance, which are then used
to offset future purchases made
with the card.
Advance payments can be funded
directly from the cardholder's
paycheck and automatically
loaded to the card every pay
period. The card can also be
loaded by wiring money from an
established bank account or
through MoneyGram®
ExpressPayment®.
It is important to note that
there are some fees associated
with this card that include an
account set up fee of $9.95
(waived with direct deposit
loads) and a monthly
participation fee of $9.95,
which amounts to $119.40
annually. There is no additional
charge for U.S. purchases. So,
in the first year alone, a
cardholder can expect to pay a
minimum total of $129.35 in
fees.
It is common for stored value
cards to lack benefits; however,
this card does offer a free bill
pay service (for the first seven
transactions each month) and
access to a free credit builder
service, which reports bill
payment information to a
national credit reporting
agency.
Therefore, those who are looking
for a stored value card with
flexibility to pay in advance
for purchases, do not mind
paying upfront fees, and would
like the opportunity to
participate in the credit
builder service will find the
AccountNow® Prepaid Visa® to be
a beneficial option.
This card offers cardholders
their choice of two unique
plans, which differ in terms of
the fees and the services that
are offered, so cardholders
should review the terms and
conditions before applying to
see which plan will fit their
needs the most (the current card
review reflects the premium
plan).
*AccountNow Prepaid Visa is
issued by MetaBank. Funds are
insured up to $100,000 by the
Federal Deposit Insurance
Corporation (FDIC). If you sign
up for Credit Builder, your bill
pay transactions will be
reported to PRBC®.
- iAdvance Line of Credit,
No Credit Check Needed
- $0 ACTIVATION FEE - When
You Load Your Card By Direct
Deposit
- 100% Guaranteed
Approval*
- FREE Credit Builder
- FREE Online Bill Pay
- NO Overdraft Fees or
Minimum Balance Required
- Re-loadable With a
$10,000 Balance
Apply Now!
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