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The Speed-E-Card


What Prepaid? Summary

Date Reviewed: March 2011

Which Prepaid Rating

What's Good

The speed-e-card is the same convenience as a debit card with a limit - you can only spend up to the balance in your speed-e-card account. As the prepaid card is backed by Speed-e-loans.com which provides short term loans until pay day. Speed-e-loans are fast and efficient and completely on line. If Speed-e-loans approve you, the money can be in your bank in two hour. Speed-e-loans have been around since 1999.

What's not so good?

Although a monthly fee is charged there is also an additional charge per transaction which can work out every expensivee to run.
SPEED-E Prepaid Card
Key Features
Features

Apply Now
Application Process
5 Stars

Very efficient application process. Apply online and you will receive a confirmation letter the following day. This letter contains a barcode enabling you to make an initial top-up at the Paypoint. You then receive your prepaid MasterCard in around 7 days.

Card Design
2 Stars

New speed-e-card choice of cards, choose either black or a white prepaid card.
Fees
4 Stars

There are some usage fees attached to the card. speed-e-card charges are transparent with no hidden costs. Tariff of charges for speed-e-card prepaid MasterCard
New speed-e-card (black or white card)
  • Purchase fee. £7.95
Limits
  • Minimum amount of initial load. £10.00
  • Maximum initial load. £3,000
  • Verified cardholders maximum card balance is £3,000

Speed-e-card additional Charges

Additional Card £9.95
Lost card replacement £5.99
PIN reissue £2.00
UK ATM withdrawal £1.50
International ATM withdrawal £2.50*
International Point of Sale (transaction fee) £2.00*
Funds loading via Paypoint £2.00
Monthly management fee £2.99
UK Point of Sale (transaction fee) 75p
SMS Alerts of each purchase
(optional security feature)
15p
SMS balance enquiry 15p
CHAPS (same day) transfer from account £15.00
BACS (bank transfer) request from account FREE
Card to card transfer FREE
Cancellation or redemtion (refund fee) £5.00
Expiry (prepaid card is valid for 36 months) -
  • Each speed-e-card comes with a free e-money account.
  • You can load your salary and manage bills on line.
  • Each cardholder has their own login and can view and print statements FREE
  • The current maximum balance on a speed-e-card prepaid MasterCard is £3,000
  • If you want to have a second card on the account, you can apply for one when you make your application, or add a second card through your account portal at a later date **
* plus 3% of transaction value ** £9.95 fee

 

Self Servicing
3 Stars

You can service your account on the speed-e-card website or via an interactive voice response. You can view your balance, last 60 days transactions and change your personal details.



 
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