Green Dot Credit Card – Review
The Green Dot Visa is a prepaid debit card. Often this is used by individuals that do not have a bank account.
Card holders get free direct deposit, which can save hundreds of dollars a year on check cashing fees. It is accepted world wide.
There is a monthly maintenance fee of $4.95 however if you deposit $750 or more monthly this fee is waived. There is no credit check or bank account required for approval.
It is accepted online and over the phone. You can access your cash at almost one million ATM’s world wide.
Frequent criticisms of this card are; the number of fees and poor customer service. It carries a reload fee of $4.95 when a MoneyPak is used to deposit funds.
These are purchased at retailer locations such as Walgreens, Wal-mart, Kroger, CVS and more. There is also a $2.50 ATM Withdrawal fee and a $9.95 activation fee.
It is issued as a Visa or MasterCard through the Columbus Bank and Trust Company.
They do offer an upgrade to Premier Membership; the advantage is you will receive priority customer service. This upgrade costs an extra $20.
Upon completion of your application you will be mailed a card in 7 – 10 business days. You can also purchase this card at many retail locations.
Parents have found this card useful to teach their children money management skills. Additionally it is an easy way to send students money that are away at school.
Your money will be protected if your card is ever lost or stolen. It is a much safer alternative than carrying cash.
You use it to pay your bills. Additionally it will give you a convenient way to track your spending and stay within a budget.
In sum we do not suggest this card. We are alarmed at the extra fees for priority customer service. We feel that when it comes to your hard earned money everyone is entitled to priority service.