If your identity is partially verified, full use of the Card Account will See your Cardholder Agreement for details. Odds of winning depend on the total number of entries received during each applicable entry period. No fee to receive The Brink's Money Prepaid Mastercard lets you focus on the things that are most important in your life. All checks are subject to approval for funding in Ingo Money's sole discretion. Use your Brink's Money Prepaid Mastercard to shop online, in stores, on the phone basically anywhere Debit Mastercard is accepted! Brink's Prepaid Mastercard. The Self Credit Builder Account marries the features of an installment loan, savings account and secured credit card to help people start their credit-building journey and establish positive financial habits. Along with card spending, your most sizable reward opportunities are unlimited $20 referral bonuses if individuals you refer put at least $40 on their cards. now = new Date(); As far as rates and fees go, the Brinks Prepaid Mastercard is virtually identical to the Netspend Prepaid Visa. Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. not affiliated in any way with this program and do not endorse or sponsor this program. in electronic form. No Minimum Balance, No Late Fees - because this is not a credit card You need a bank account to open aDiscover it Secured Credit Card, so if you choose it over the Brinks Prepaid, it may be helpful to open a Discover banking account. Take our 3 minute quiz and match with an advisor today. Greater of 2.0% of total check amount or $5.00 per check load. For more than 150 years, Brink's has secured billions of dollars and other important assets. These are variable rates and may change Direct Deposit more than $500 in payroll or government benefits in a calendar month and you'll be eligible for the Reduced Monthly Plan, our plan with the most features. but you may be able to use the Card for in-store purchase transactions. Fee is assessed to transferor's account when the transfer is Adding money to your Brink's Money Prepaid Mastercard is convenient. This compensation may impact how and where products appear on this site If cardholder receives $500 in payroll or government benefit direct deposits in 1 calendar month, cardholder will qualify for the Reduced Monthly Plan. identity. Any opinions, analyses, reviews or recommendations expressed here are those of the authors alone, 1. Cardholder is responsible for repayment of any negative balance. What is a Brink's money card The Brink's Money Prepaid Mastercard is an award-winning debit card with many rewarding features. Ingo However, its still a stepping-stone to better products and should be used as such. Use Direct Deposit Refinancing Student Loans, Alternatives To Private Student Loan Forgiveness. Should You Hire a Debt Settlement Company or Do It Yourself? The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. 1, 2020. Netspend is a registered agent of Republic Bank & Trust Company. IMPORTANT INFORMATION FOR OPENING A CARD ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, and record information Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. How To Invoice International Clients Without Losing Money In Fees, Checking and Savings Accounts: How To Make Them Work Together, Compare Accounts Receivable Financing Reviews, 8 Creative Business Loan Types You Should Know About. Call our automated, toll-free number 1 The APYs were accurate as of var now = new Date(); var balanceDate = now.getMonth() + "/01/" + now.getFullYear(); document.write(balanceDate);. 2023 Bankrate, LLC. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. Walmart MoneyCard. As such, your money may go a bit farther with a debit or credit card. Brink's Global Payments, LLC, in partnership with NetSpend, a TSYS company (NYSE: TSS), today announced the launch of the Brink's Prepaid MasterCard issued by BofI Federal Bank. PayPal's prepaid MasterCard charges $4.95 per month for unlimited purchases. These are promotional rates and may change Republic Bank & Trust Company is not affiliated in any way with this optional offer and does not endorse or sponsor this offer. The interest rates and APYs of each tier may change. You can also text to 469-513-8685. After qualifying, Monthly Plan Bankrate has answers. No late fees or interest charges because this is not a credit card. Managing your money wherever, whenever. You have not yet won. Use of Card Account also subject The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. Fee 1 person and may be one indicator to the credit type you are eligible for. the Average Daily Balance which is $1,000.00 or less will be 4.91%. When you open a Self account, a loan is placed into a certificate of deposit, which you must pay back. It's well-known and trusted by consumers and retailers alike, has an enormous network, and this prepaid credit card has pretty low fees compared to others in the industry. What Are Different Types of Credit Cards? So you can avoid interest payments, bounced checks, or overdraft fees. Brinks Preferred Benefits members may choose to open an optional FDIC-insured savings account with Republic Bank & Trust Company. The company you trust offers you the features and benefits. Prepaid Debit Cards from, in Unfortunately, your balance will be constantly nibbled into by the cast of fees that usually come with even the best prepaid cards. 9. Residents of Vermont are ineligible to open a Card Account. ++During checkout, select "CREDIT" on the keypad to make a Signature Purchase, or select "DEBIT" and enter your PIN to make a PIN Purchase. Order a Brink's Money Prepaid Mastercard and get the peace of mind you deserve. Approved purchase transactions may It's a 16-digit number and CVV code that are tied to an account. What differentiates the The Mango Prepaid Mastercard from the other prepaid cards on this list is its ridiculous savings account that lets cardholders earn up to 6.00% APY. Starts 2/1/21. Put your picture on a Card for added security when paying a merchant in store. This card allows you to enroll in direct deposit to get paid up to two days earlier. Login. These are promotional rates and may change without notice pursuant to applicable law. 6,000,608 and 6,189,787. WHAT THIS MEANS FOR YOU: When you open a Card Account, we will ask for your name, address, date of birth, and your government ID number. All other trademarks and service marks belong to their owners. Card may be used everywhere Debit Mastercard is accepted. How To Get a Personal Loan With Fair Credit, How to Use a Personal Loan to Build Credit. Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could (maximum 6 such transfers per calendar month), Card Account transaction fees could reduce the interest earned on the Savings Account. family All Rights Reserved. Which Account Fits You Best? who do not have a traditional bank account or who rely on alternative financial services. $4.95 per transfer via Customer Service Agent. Because the Payback Points programs terms are a bit vague, its difficult to tell the exact point value. You can receive up to 50 percent discounts on prescriptions with major pharmacies with a printable discount card if you choose to join the medical discount plan provider location service included with your card. Card use subject to activation and identity verification. 8 Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical 6,000,608 and 6,189,787. For purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at Republic Bank & Trust Company will be aggregated Domestic ATMs only charge a $2.50 withdrawal fee. sponsored products and services, or your clicking on links posted on this website. 7 The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. Netspend is the federally registered U.S. service mark of Netspend Corporation. Nouri Zarrugh is a writer and editor for CreditCards.com and Bankrate, focusing on product news, guides and reviews. You'll also get text alerts each time the card is used so you'll always know the balance and you'll remain protected from unauthorized purchases. for your tax refundand for all your payroll and benefit checks too. How much should you contribute to your 401(k)? Recommendation score measures the loyalty between a provider and a consumer. This product is Ends 1/31/22. You can also deposit your paycheck or a personal check using the mobile banking app, available for both Apple and Android phones. Furthermore, there are better prepaid cards that can truly help you establish financial security and provide avenues to graduate to products like the best secured credit cards. Getting a Mortgage With a Smaller Down Payment and No PMI. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC. identity. The Brinks Prepaid MasterCard comes with additional features. Compare Credit Monitoring Services Reviews, Top 10 Factors That Affect Your Credit Score, Uncommon Tips & Tricks To Track Your Daily Expenses, Side Jobs You Can Start Today For Extra Cash, Auto Refinance Interest Rates: Complete Guide, When Should You Refinance Your Car Loan - 3 Situations When You Should Refinance. Plan. It's secure, fast, and free. Getting a Business Loan When You Have Bad Credit. For up-to-date Certain products and services may be licensed under U.S. Patent Nos. However, if you need a checking account and have no access to a traditional one, the Brinks can be helpful. Your wireless carrier may charge a fee for message and data usage. details about how and when you get rewarded. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. This is a third-party fee and is subject to change. (CT) brinksmoneypayroll@brinksinc.com www.brinkspayrollcard.com CompuSafe Customer Support After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer. When your highest-paid employees spend time handling cash, your business loses time and money. Bankrate follows a strict 8 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. I've never heard of that type of card in the US, nor am I familiar with the California Bank that may clear Brinks US debit card transaction. 1IMPORTANT INFORMATION FOR OPENING A CARD ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, The Brink's Money Prepaid Mastercard gives you the convenience of having a bank debit card. deducted from check total prior to loading your Card Account. Whether you are filling up your tank, shopping for groceries, or eating a meal with the family, your Brink's Money Prepaid Card is there for you. What bank does Brinks prepaid Mastercard use Were transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Does Brinks charge a monthly fee? document.write(theYear); Savings vs. Money Market? Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. The maximum allowable savings account balance is $5,000. Copyright 2023 SuperMoney, LLC. Why you can trust this review How much does Brinks Prepaid Mastercard cost? , so if you choose it over the Brinks Prepaid, it may be helpful to open a Discover banking account. Consolidating vs. Use of Card Account also subject The redemption options can be valuable, but the point values and higher-yield reward opportunities are a bit foggy unless you already have an account. Interest is If you choose the pay-as-you-go plan, itll be hard to maneuver without tripping over a fee. However, you may be able to earn bonus points at a higher rate if you take advantage of additional limited-time, merchant-specific offers in your Online Account Center. Card use subject to activation and identity verification. 3 Fee may be assessed by reload location and may vary from location to location. iPhone. Brink's (NYSE: BCO) is based in Richmond Virginia, and is a global leader in security-related services for banks, financial institutions, mines, retailers, diamond and jewelry industries, pharmaceuticals, and a variety of other commercial Cardholders will receive the Reduced Monthly Plan Fee of $5 on their next Plan Fee assessment date. Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders See if you qualify for student loan refinancing and compare real time offers. Your money is in your Brink's Money Account and ready to be used by 8 a. CT on your payday. 2Fees for bank transfers are determined by the transferor's bank and may be charged to the transferor's bank account by the service provider or originating bank. editorial integrity, If youve decided a prepaid credit card is the perfect payment choice but you might not use it often enough to justify a monthly fee, then the Brinks Prepaid Mastercard and its pay-as-you-go plan could be a great fit. SuperMoney strives to provide a wide array of offers for our users, but our offers do not 6 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. Brink's Money Prepaid Mastercard Activate your Brink's Money Paycard, verify your identity, [1] and learn more about its features here. Cardholder may enroll in the Monthly Plan to pay a flat fee of $9.95 per month instead of paying a fee for every purchase transaction under the Pay-As-You-Go Features 10.0/10. $3.00 per withdrawal. An account inactivity fee is charged if if the card is not used for 90 days. April Youll also experience a $3 Over-the-Counter (OTC) cash withdrawal fee at financial institutions like banks or a 2.75 percent fee of the total withdrawal at in-network reload locations (or $4, whichever is greater). Brink's Money Prepaid Account - Brink's Prepaid Mastercard Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Standard text message or data rates may apply. There is no minimum balance. With Brink's Direct Deposit, you can get paid faster* than a paper check. The Brinks Prepaid MasterCard is for those who might not be able to get a bank account, but want some of the benefits and features of a bank account. ; No late fees or interest charges because this is not a credit card. Netspend is the federally registered U.S. service mark of Netspend Corporation. However all credit card information is presented without warranty. Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. CONSUMER DISCLOSURE: NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN. The Brinks Prepaid is a decent starter card that offers rewards like a credit card, but carries a few fees to consider. delay availability of funds with or without notice. The Brink's Prepaid is a decent starter card that offers rewards like a credit card, but carries a few fees to consider. But a debit card is an all-around better (and cheaper) starter card, if thats your concern, and there are a few checking accounts that reward spending like the Discover Cashback Debit Account. No Minimum Balance, No Late Fees - because this is not a credit card You can use your Brink's Money Prepaid Mastercard to pay for just about anything. - Find surcharge free ATMs. Brink's Prepaid Mastercard 1-877-849-3249 Monday - Friday: 8 AM. 6,000,608 and 6,189,787. Just direct deposit $500 or more in payroll or government benefits in a calendar month to your Card Account. 8. In fact, its missing Netspends virtual card number benefit for safer online shopping. Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card. Is Brinks better than ADT? Brinks Prepaid Mastercard vs. other starter cards, Connect with Garrett Yarbrough on LinkedIn, One Time $9 - $15 Account Fee (Varies by Product), , you do have to put down a security deposit of at least $200, but you can enjoy rewards on your purchases, just like with the Brinks Prepaid, only without the purchase transaction fees if you opt for the pay-as-you-go plan. There is a reload fee of up to $3.95 fee every time you reload the card. Enroll in Brink's Money Payback Points. The account earns a whopping up to 5 percent APY, but only up to a tiny $1,000 balance (4.91 percent variable interest rate). There is a signature transaction fee of $1.50 every time a merchant requires signature-based authentification. purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at Republic Bank & Trust Company will be aggregated up to the coverage limit, currently $250,000.00. ; Use the Brink's Money Prepaid Mobile App to manage your Card Account on the go and enroll to get text message or email alerts (Message & data rates . We may also ask to see your driver's license or other identifying information. up to the coverage limit, currently $250,000.00. Interest bearing savings account can be connected. enrolled in the Monthly Plan and your Card Account has had no activity as described above, this fee applies instead of the Monthly Plan Fee. However, its rewards program is confusing, and, like most prepaid cards, it poses a few fee-harvesting traps. (CT) brinksmoneypayroll@brinksinc.com Brink's Paycard 1-855-627-4657 Monday - Friday: 6 AM. Interest is You may have to pay a fee of up to $3.95 every time you load the card, Charges a $1.50 signature purchase transaction fee. With theDiscover it Secured Credit Card, you do have to put down a security deposit of at least $200, but you can enjoy rewards on your purchases, just like with the Brinks Prepaid, only without the purchase transaction fees if you opt for the pay-as-you-go plan. mostly not recommended Every reasonable effort has been made to maintain accurate information. All rights reserved. However, Visa cards tend to offer more perks on base cards than Mastercard credit cards, and the Brinks Prepaid is also missing the Netspends virtual card number and additional savings account banking options. Bankrate.com is an independent, advertising-supported comparison service. Use of Card Account also subject to fraud Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Visit one of the over 130,000 Netspend Reload locations3, transfer2 money from a qualifying A virtual card is simply a debit or credit card without the actual, physical card. 2Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. Skip to content. For consumers, the Brink's Money card can be used in stores, restaurants and online, and provides access to cash at ATMs around the world. Reward offers are based on individual shopping habits. Card activation and identity verification required before you can use the Card Account. Certain products and services may be licensed under U.S . prevention restrictions at any time, with or without notice. His areas of expertise include credit card strategy, rewards programs, point valuation and credit scores, and his stories on building credit have been cited by Mic.com, LifeHacker, People.com and more. Our goal is to give you the best advice to help you make smart personal finance decisions. When filing your taxes, put your Routing Number and Account Number in the designated fields (shown below) and indicate 'Checking' as the account type. However, if used correctly, it can be handy in a bind and help people financially establish themselves before graduating to checking accounts and secured credit cards. and Ingo Money, Inc., subject to the First Century Bank and Ingo Money Terms and Conditions, and Privacy Policy. The interest rates and APYs of each tier may change. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. * Find surcharge free ATMs. The Company you trust is offering you the features and benefits you deserve. Plan. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. From bill pay to a mobile app, text alerts to a purchase cushion, the Brinks reloadable debit card is one of our top rated prepaid cards. Fee waivers and merchant offers have also been available in the past, so be sure to check your account every now and then for valuable opportunities. information from the IRS, visit https://www.irs.gov/refunds. See the program FAQs and Terms and Conditions in your Online Account Center for additional If the Average Daily Balance is $1,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an Annual Percentage Yield (APY) of 5.00%. now = new Date(); Other prepaid cards like the Amex Serve Cash Back prepaid card may rake in more rewards and provide lower cost networks. What are index funds and how do they work? If the Average Daily Balance is more than $1,000.00, the interest rate paid on the portion of the Average Daily Balance which exceeds $1,000.00 will be 0.49% with an APY of 0.50%, and the interest paid on the portion of Program sponsor: Netspend Corporation. With Brink's Direct Deposit, you can get paid faster* than a paper check. Answer: I would suggest looking at the back of your card. Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. Start to spend more time on the things that matter like family, friends and everyday life. Netspend is a registered agent of Republic Bank & Trust Company. So, whether youre reading an article or a review, you can trust that youre getting credible and dependable information. Netspend is a registered agent of Republic Bank & Trust Company. Certain products and services may be licensed under U.S. Patent Nos. For example, the American Express Serve Cash Back prepaid card earns unlimited 1 percent cash back on all purchases in exchange for a $7.95 monthly fee. However, if used correctly, it can be handy in a bind and help people. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company pursuant to a license by Mastercard International Incorporated. 5 No charge for this service, but your wireless carrier may charge for messages or data. Brink's understands that time and money are valuable to you. Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. All products, logos, and company names are trademarks or registered trademarks of their respective holders. Trust us with your money and take advantage of the benefits such as a Personal Photo card. 9. Ongoing rewards program boosts its long-term value, 130,000+ locations in the Netspend reload network, Pay-as-you-go plan offers flexibility with individual purchase fees instead of monthly fees, Shares valuable Netspend benefits, like a $10 courtesy cushion, Long list of fees make pay-as-you-go expensive, Nearly identical to the Netspend Visa Prepaid Card, Doesnt build credit and no additional security measures with Brinks. Why Should You Get a Business Credit Card? We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Just a dollar-for-dollar match. Login. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. financial product. The Brinks prepaid card is issued by Netspend and carries a nearly identical structure to the Netspend Visa Prepaid Card down to the rewards, fees and most benefits. Bankrate.com does not include the entire universe of available financial or credit offers. The best move by far is to accept the reduced monthly plan as a Brinks Preferred Benefit member, which requires $500 in qualifying direct deposits each month. CTA Banner. Would you recommend Brink's Prepaid Mastercard to your friends? *SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. No late fees or interest charges because this is not a credit card. $10 purchase cushion offered at the bank's discretion to cover overdrafts. The Brinks Prepaid Mastercard goes above and beyond our expectations for a prepaid debit card. Even the rewards with the. Unless youre dedicated to a prepaid card, alternative options like one of the best checking accounts might be cheaper. If the Average Daily Balance is $1,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an Annual Percentage Yield (APY) of 5.00%. Prepaid Debit Cards from, Please write a review to submit your vote, Compare Business Checking Accounts Reviews. Approved purchase transactions may create up to a $10.00 negative balance on your Card Account. However, it will not help you build credit and some online merchants don't accept prepaid cards. Transfer of funds via ACH from your Card Account to your bank account at another financial reduce the interest earned on the Savings Account. Because Savings Brink's Prepaid Mastercard charges a monthly fee of up to $9.95. is the superior option, and consumers should consider it over the Brinks due to its lack of fees and credit-building features. The Brink's Money Prepaid Mastercard gives you the convenience of having a bank debit card. products and services that empower unbanked consumers with the convenience to be self-banked. the Average Daily Balance which is $1,000.00 or less will be 4.91%. Fee may be either a flat fee or a percentage of the withdrawal amount. Does Refinancing Your Car Loan Hurt Your Credit Score? Details about bill payment methods are available in the Online Account Center. Reverse Mortgages: When Do They Make Sense? Unapproved checks will not be funded to your card. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Cardholder may enroll in the Monthly Plan to pay a flat fee of $9.95 per - 10 PM. Certain products and services may be licensed under U.S. Patent Nos. Can You Build Credit With a Prepaid Credit Card? So you can avoid interest payments, bounced checks, or overdraft fees. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. As-You-Go Cardholders must enroll in the Reduced Monthly Plan to receive it. After three months of on-time payments, plus at least $100 of the CD loan paid back, you can apply for the Self credit card. The Brink's Prepaid Mastercard offers bank-level features without hefty fees. Take advantage of the convenient features that help take the stress out of managing your money so you can spend time on the important things, like friends, If You have money questions. Meanwhile, the Brinks Prepaid can (and will) charge you almost $6 a month after 90 days of inactivity, which further eats into your balance. However, credit score alone does not guarantee or imply approval for any But with Brink's Complete, they can improve savings & reduce the hours it takes to handle cash. Open only to U.S. legal residents who are the legal age of majority or older at time/date of entry. Bankrates editorial team writes on behalf of YOU the reader. transfers between Netspend Cardholders; a $4.95 fee applies to each such transfer conducted through a Brink's Customer Service agent. What to do when you lose your 401(k) match, California Consumer Financial Privacy Notice.
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