High Street Branch Banking with Prepaid Cards
Post Office Travel Money Card Plus is issued by Clydesdale Bank PLC pursuant to license by MasterCard® International.
Skrill MasterCard by Moneybookers is a euro currency card that you preload with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply. Please allow 7-10 working days for delivery of your card.
This card is issued by R. Raphael & Sons plc, pursuant to a license by MasterCard International. MasterCard® is a registered trademark of MasterCard International Incorporated.
The easyJet euro currency card is a travel money card. easyJet card is subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Prepaid Card & usage fees apply.
Cashplus Prepaid MasterCard (Freedom). Cashplus subject to the application fee, free top-ups, no credit checks and a host of other benefits is subject to monthly fee including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Prepaid Card & usage fees apply.
One banking is a guaranteed bank account with no application fee. One banking basic bank account offers free top-ups, no credit checks and a host of other benefits. Subject to monthly fee. Applicants UK residents only providing acceptable ID.
icount Pay As You Go Account is subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Prepaid Card & usage fees apply.
Do Prepaid Cards offer Branch Banking
Sometimes you need to talk to someone face to face so prepaid card branch banking locations are ideal.
DO PREPAID CARDS OFFER BRANCH BANKING?
The prepaid cards are cards that before you can make use of them to pay for services you will first upload cash into them. It is also known as pay before cards or pay as you go cards or a general purpose reloadable card. They are usually debit cards. You can obtain them whether you have or do not have a bank account. The answer to the question above is NO. They are primarily meant to be used for the fixed amount which can be reloaded again. It cannot give you direct access to branch banking services. Any time you try to use them for cheque deposit or cash deposit, and online transfer as some cards allow. The services will attract some charges.
OPENING AN ACCOUNT - PROCESS AND REQUIREMENTS
It is not a must that you should open a bank account before having access to prepaid cards. The process is that while applying for the cards just as you will be required to provide some documents as proof of your identity, address, and filling a KYC form you will have to make available all these necessary information to get the card. It can be from a bank, retailer, or even a credit card company.
PRO AND CONS?
Yes, they have their advantages and disadvantages. One major advantage is that it is safe to use. It will help you to manage how you spend. It is like ready cash. And, it is easy to carry about. The disadvantages range from it cannot be used in all ATM like bank credit and debit card without attracting a charge. It cannot pay more than what you load in it. They can suffer from technology failure sometimes and this may last longer than expected.
WHAT FEES APPLY
Usually, most attract charges for every withdrawal and transaction you make with them. You will have to pay a fee for activating your card.
HOW CAN THIS SAVE ME MONEY?
The use of a prepaid card will make it easy to live on budget as you can load an estimated amount you are likely to spend over a period and force yourself to stick to the budget.
CAN I TRANSFER MONEY FROM ONE CARD ACCOUNT TO ANOTHER?
Yes, you can link up a prepaid card and your bank checking account to make a cash transfer online.
CAN I TRANSFER MONEY FROM MY BANK TO MY CARD?
No, you cannot transfer money from your bank account to your prepaid.
CAN I HAVE THE BALANCE ON MY ACCOUNT REFUNDED TO ME?
Yes, at reload it is will be automatically uploaded with the new amount. The scenario where this did not , you can petition your card company to do something about it.
High Street Branch Banking with Prepaid Cards
HOW MUCH CAN I WITHDRAW FROM AN ATM?
Some card place restrictions on how many their prepaid cards can allow you to withdraw, while others do not have this limitation.
WHEN WILL MY CARD ARRIVE?
Your card request can arrive within 2 to three days. There are some credit card companies and banks that can issue instant cards.
HOW DO I GET A REMINDER OF MY PIN?
You need to indicate, it can come through courier, as an SMS alert, through your email, etc.
WHAT IS THE CURRENT RATE?
The rates vary some attracts up to $2 calling rate per transaction.
HOW CAN I TOP UP MY CARD?
Through a direct cash deposit in an ATM machine. Through account transfer from your bank account. Through check deposits, etc.
WHERE CAN THE CURRENCY CARD BE USED?
It can be used to make purchases online, in POS machine, and withdraw cash through an ATM machine. It can be used to deposit cash and checks FROM an ATM machine. They can be used for online transfers.
CAN I GET ADDITIONAL CARDS FOR FAMILY AND FRIENDS?
Yes, some card companies offer the service to prepaid card users.
WHAT ARE THE CURRENCY CARD COSTS?
A prepaid card attracts a monthly fee. They attract some overdraft fees.
HOW CAN I RENEW MY CARD?
Request online or through a phone call.
CAN I USE THE CARD TO PRE BOOK A HOTEL?
Yes, so far you have the money to do so on your prepaid card.
HOW TO CHECK YOUR CARD BALANCE AND STATEMENT?
You can do this by calling or emailing your prepaid card company to provide your statement to you. You can also check your balance through an ATM machine and online.
I HAVE A BALANCE ON MY OLD CARD CAN IT BE PUT ON MY NEW CARD?
Yes, this is possible for prepaid cards.
HOW DO I ORDER A NEW CARD?
You can request by filling a form online. You can also use a phone call to place an order. The mode of delivery must be indicated.<
WHERE CAN THE CARD BE USED?
The prepaid cards can be used in all ATM machines nationwide.