Greendot Prepaid Card Fees - Currencies Available - Mobile App
Greendot Prepaid Card
Greendot is a prepaid card which is MasterCard branded where the Greendot Prepaid MasterCard, No Credit checks, no bank account required.
Locate the Best Greendot Card for Yourself
In the past some decades, the emergence of use of debit and credit banking cards has revolutionised the entire financial world. Technological advancement has made it possible to compete with complex financial transactions with the simple swiping of a plastic Greendot card.
How does Greendot Card Work?
Greendot card was introduced in the year 2000. This Greendot card can be used globally. The Greendot card is either connected to a user's bank account or funded with a prepaid amount. So, this is an effective way of getting access to cash at several locations across the globe. This Greendot card comes with a specific 4-6 digit pin number to ensure the security while making transactions.
Currently, this global Greendot card is accepted in over 100 countries. Like other cards, Greendot card can be used to access cash through a vast network of ATMs.
In addition to daily banking activities, the card can be used effectively for transferring cash from one part of the world to another.
The way it works is great. Mastercard has introduced a program called Moneysend which helps users sending funds to transfer money directly to a recipient's Greendot card. These transfers can be made through ATM machines, Internet or even mobile phones. What more? An individual can send cash to someone in India by initiating a Money send transfer.
This process is easy and most easily done via the individual's bank that helps to ensure that the transfer is accomplished and initiated properly. The charge for this service depends on the banks that are being used.
The cash can be accessed from the recipient's Greendot card within only 1-2 working days. The recipient of the cash can then either access the cash via ATM machine or use his Greendot card for purchases at stores that accept the Greendot card as a form of payment.