Percentage taken of total check amount. You have not yet won. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. 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. if (theYear < 1900) theYear = theYear + 1900; Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders The Brinks Prepaid is a decent starter card that offers rewards like a credit card, but carries a few fees to consider. Residents of Vermont are ineligible to open a Card Account. Bankrate.com is an independent, advertising-supported comparison service. Fees 8.0/10. Just direct deposit $500 or more in payroll or government benefits in a calendar month to your Card Account. Use of the Card Account is subject to activation, ID verification, and funds availability. More from our insights library: The True Costs of Manual Cash Management Manual cash management costs businesses time and money. Activate/Register Log In Anytime Alerts TM Enroll in Anytime Alerts to keep track of your balance, deposits, and payments via text or email. Cash back rewards are credited to your Card Account and are not available in the form There is no minimum balance. What Is Brinks Prepaid Mastercard? 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 cardholder receives $500 in payroll or government benefit direct deposits in 1 calendar month, cardholder will qualify for the Reduced Monthly Brink's is founded on a heritage of trust and a reputation as the most reliable name in the industry. With Brink's Direct Deposit, you can get paid faster than a paper check. You could win up to $5,000 in the Brink's Show Me The Money Truck Sweepstakes. iPad. Their use does not signify or suggest the endorsement, 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. However, if you need a checking account and have no access to a traditional one, the Brinks can be helpful. 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. All rights reserved. Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. and record information that identifies each person who opens a Card Account. 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. How Prepaid Debit Cards Can Help You Budget, Compare Credit Counseling Services Reviews, Expert Tips On Repairing Your Credit Score, Re-Establishing and Restoring Your Credit, Compare Debt Settlement Companies Reviews. Open to legal residents of the 50 U.S. or DC, and legal age of majority prior to time/date of entry. Securing cash and valuables since 1859. (877) 788-9067, or click the link below and activate it online. If Cardholder is subject to Can a First-Time Home Buyer Get a Jumbo Loan? 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. Purchase transactions for just $5 per month (compared to $9.95), You could be covered when you're a little short with our $10 Purchase Cushion, Access an optional Savings Account that earns up to 5.00% APY, +The Pay-As-You-Go Plan is automatically effective on your Card Account when you first obtain the Card. Compare real offers from multiple lenders. Getting a Mortgage With a Smaller Down Payment and No PMI. document.write(theYear); For more than 150 years, Brink's has secured billions of dollars and other important assets. Recommendation score measures the loyalty between a provider and a consumer. This is a third-party fee and is subject to change. now = new Date(); * Get direct deposit information. Discover will automatically match all the cash back you've earned at the end of your first year! (CT) Saturday - Sunday: 8 AM. Open only to U.S. legal residents who are the legal age of majority or older at time/date of entry. Brink's Prepaid Mastercard sets a daily direct deposit limit of $7,500. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Check the banks website for the most current information. Brink's gives you the peace of mind you deserve. Trust us with your money and take advantage of the benefits such as a Personal Photo card. This is a third-party fee and is subject to change. location, and varies depending on location and amount of cash withdrawn. 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. *SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. Theres no upfront card purchase fee, but youll have to pay up to $3.95 just to reload your cards cash balance. Transfer of funds via ACH from your bank account at another financial institution to your Card Account. What Are The Different Types of Life Insurance? Void where prohibited by law. These are promotional rates and may change Refinancing Student Loans, Alternatives To Private Student Loan Forgiveness. but you may be able to use the Card for in-store purchase transactions. $1.00 per declined transaction. Brink's Money Prepaid Mastercard. 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%. The owner of this website may be compensated in exchange for featured placement of certain What Are Collateral-Free Unsecured Business Loans? theYear = now.getYear(); Just $5 a month (compared to $9.95) for purchase Prepaid Debit Cards from, Please write a review to submit your vote, Compare Business Checking Accounts Reviews. ++During checkout, select "CREDIT" on the keypad to make a Signature Purchase, or select "DEBIT" and enter your PIN to make a PIN Purchase. Its not a long-term option, but is a great short-term solution. Plan. reduce the interest earned on the Savings Account. How much should you contribute to your 401(k)? We may also ask to see your driver's license or other identifying information. But with Brink's Complete, they can improve savings & reduce the hours it takes to handle cash. without notice pursuant to applicable law. Brink's secures valuables around the world. When filing your taxes, put your Routing Number and Account Number in the designated fields (shown below) and indicate 'Checking' as the account type. Enroll in Brink's Money Payback Points. Additional transaction fees, costs, terms and conditions may The maximum balance you can have on Brink's Prepaid Mastercard is $15,000. See the Cardholder Agreement for details. You can use your Brink's Money Prepaid Mastercard to pay for just about anything. Netspend is the federally registered U.S. service mark of Netspend Corporation. The Brinks Prepaid Mastercard goes above and beyond our expectations for a prepaid debit card. Agreement. that identifies each person who opens a Card Account. 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%. Is Refinancing Your Student Loan Worth It? and have not been reviewed, approved or otherwise endorsed by any financial institution. Answer: It depends on the country where the card is issued. However, if you need a checking account and have no access to a traditional one, the Brinks can be helpful. Standard text message or data rates may apply. What are index funds and how do they work? prevention restrictions at any time, with or without notice. Considering a card program for your business? are slightly higher than the Brinks Prepaid 2 percent back at restaurants and gas stations on up to $1,000 per quarter, then 1 percent, and 1 percent on everything else. 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. Earn unlimited 1% cash back on all other purchases automatically. Ends 1/31/22. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. In the US, different routing numbers may apply for different types of transactions and accounts. (CT) brinksmoneypayroll@brinksinc.com Brink's Paycard 1-855-627-4657 Monday - Friday: 6 AM. Youll earn 1 Payback Point per dollar on signature purchase transactions (just select credit on the keypad at checkout), minus your purchase fees. What bank does Brinks prepaid Mastercard use financial product. 6,000,608 and 6,189,787. While we adhere to strict Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. $3.00 per transfer. No late fees or interest charges because this is not a credit card. With Direct Deposit, you don't have to wait in line to cash your check, pay checking cashing fees, or worry about a paper check being lost or stolen. delay availability of funds with or without notice. Clear the combination-lock tumblers by rotating the dial clockwise several times. Neither Plan Fee option includes any other fees. See the program FAQs and Terms and Conditions in your Online Account Center for additional No minimum balance necessary to open Savings Account or obtain the yield(s). In those cases, the Brinks Prepaid Mastercard is a solid prepaid credit card that offers a bit more flexibility than some competitors with its pay-as-you-go plan and $10 negative balance cushion. Login. of a check or other direct payment method. Card use subject to activation and identity verification. Do Private Student Loans Have a Statute of Limitations? And your money is FDIC Insured by Republic Bank & Trust 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. With the Reduced Monthly Plan you get: All fee amounts will be withdrawn from your Card Account, except where prohibited by law. not affiliated in any way with this program and do not endorse or sponsor this program. Charged in addition to any applicable Purchase Transaction Fee or OTC Withdrawal Fee. 5 No charge for this service, but your wireless carrier may charge for messages or data. A FICO score/credit score is used to represent the creditworthiness of a On the other hand, the Brinks Prepaid card doesnt provide access to credit at all, just the ability to load the card with your money and swipe at payment terminals or use online. the Average Daily Balance which is $1,000.00 or less will be 4.91%. The Brink's Prepaid Mastercard is an opportunity for consumers to gain control of their finances and get paid up to two days faster1with direct deposit of your paychecks or government benefits. See full Official Rules for details. Plus, when you Direct Deposit at least $500 in payroll or government benefits in a calendar month onto your Brink's Money Prepaid Card, you're eligible for the Reduced Monthly Plan. The company's mission is to develop How To Get a Personal Loan With Fair Credit, How to Use a Personal Loan to Build Credit. For example, it provides free withdrawals at 30,000+ MoneyPass ATMs ($3.95 at others). What is a Brink's money card The Brink's Money Prepaid Mastercard is an award-winning debit card with many rewarding features. With Brink's Direct Deposit, you can get paid faster* than a paper check. See online custom card FAQs and the Fee Schedule in the Cardholder Agreement. 8 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Interest bearing savings account can be connected. If you have a professional tax preparer, give them these Brink's Complete services are provided by Brink's Capital LLC, an indirect wholly owned subsidiary of The Brink's Company. The Brink's Prepaid Mastercard offers bank-level features without hefty fees. So you can avoid interest payments, bounced checks, or overdraft fees. 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. 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. Release Summary. if (theYear < 1900) theYear = theYear + 1900; And your money is FDIC Insured by Republic Bank & Trust Company, Member FDIC, upon card activation and identity verification. If cardholder receives $500 in payroll or government benefit direct deposits in 1 calendar month, cardholder will qualify for the Reduced Monthly Plan. theYear = now.getYear(); Republic Bank & Trust Company is not affiliated in any way with this optional offer and does not endorse or sponsor this offer. Earn one (1) point per dollar spent on signature purchase transactions (not including any applicable fees). 6,000,608 and 6,189,787. 5 The Pay-As-You-Go Plan is the default Plan Fee on the Card Account. You will need to pay $9.95, if you need a card replacement. Meanwhile, the Brinks Prepaid can (and will) charge you almost $6 a month after 90 days of inactivity, which further eats into your balance. A Red Ventures company. You can also deposit your paycheck or a personal check using the mobile banking app, available for both Apple and Android phones. Skip to content. 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. Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. Meet you wherever you are in your credit card journey to guide your information search and help you understand your options. Unlike credit cards, however, they don't work on credit. Load your Card Account the way you want: At one of our 130,000 reload locations, Access your Card Account with our Online Account Center, mobile apps and Anytime Alerts. bank account, or get paid up to 2 days faster8 with no-cost Direct Deposit. April Compare Home Equity Lines of Credit Reviews. After qualifying, Monthly Plan Cardholders will receive the Reduced Monthly Plan Fee of $5 on their next Plan Fee assessment date. 6. Cardholder is responsible for repayment of any negative balance. Brink's Prepaid Mastercard. All products or services are presented without warranty. Luckily, these reward opportunities can easily fit into your regular spending since they are personalized around your purchases. Interest is You are always on the go. 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. Fee is determined and assessed by operator of Netspend Reload Network location, and varies depending on location. 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 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). This is a third-party fee and is subject to change. To participate in the Savings Does Refinancing Your Car Loan Hurt Your Credit Score? 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. Certain products and services may be licensed under U.S. Patent Nos. This is a third-party fee and is subject to change. Rebekah Hovey is an editor with nearly a decade of experience creating and shaping content in finance-related and health care fields. 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. We value your trust. editorial policy, so you can trust that our content is honest and accurate. If your identity is partially verified, full use of the Card Account will custom card requires resubmission of image and payment of Custom Card Fee; or (b) a replacement standard card requires payment of deducted from check total prior to loading your Card Account. Netspend is a registered agent of Republic Bank & Trust Company. For one, setting up direct deposits with the Brinks card means funds are available up to 2 days earlier than with a bank. but can take up to one hour. Bankrateexpert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. 8. $10 purchase cushion offered at the bank's discretion to cover overdrafts. SuperMoney.com is an independent, advertising-supported service. - Midnight (CT) Saturday - Sunday: 8 AM. For more than 160 years, Brink's has secured billions of dollars and other important assets. 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. Snapshot. Card may be used everywhere Debit Mastercard is accepted. 6,000,608 and 6,189,787. Take our 3 minute quiz and match with an advisor today. Here's an explanation for how we make money Were transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Prepaid cards arent the best rewards pairing material, but co-branded prepaid cards like the Walmart MoneyCard Visa with Cashback Rewards might supply you with a higher-grade source of rewards if you frequently shop at specific retailers. person and may be one indicator to the credit type you are eligible for. Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. Use your Brink's Money Prepaid Mastercard to shop online, in stores, on the phone basically anywhere Debit Mastercard is accepted! Once your Card arrives in the mail, activate your Card, and verify your identity1 with your name, address, date of birth and government ID number. Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. 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. Picture must meet Image Guidelines. All other trademarks and service marks belong to their owners. Please explain your vote by sharing your experience. Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card.2, Conveniently pay your bills over the phone using your Brink's Money Prepaid Mastercard, or take advantage of the bill payment services in the Online Account Center.9. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. Greater of 2.0% of total check amount or $5.00 per check load. $5.95 for processing and mailing of a return of funds check at Card Account closure. We may also ask Prepaid cards only allow you to spend money already in your account. IRS Tax Debt Relief Program: What Is It and Do You Qualify? 2. Enroll in Direct Deposit to get your paycheck or government benefits in your Card Account up to 2 days faster! Here's how it works: Order a Card To order a Card, provide your name, mailing address and email address. banking practice of posting funds at settlement. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. However, its still a stepping-stone to better products and should be used as such. 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. Republic Bank & Trust Company, Member FDIC. 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. up to the coverage limit, currently $250,000.00. Should You Hire a Debt Settlement Company or Do It Yourself? Read More 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. Even the rewards with the. Get the app that helps make sure your money keeps up with you! The interest rates and APYs of each tier may change. What Are Different Types of Credit Cards? 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. 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. Another feature is the $10 Purchase Cushion: Brinks will create a $10 negative balance on the account to cover any overdrafts. I mention reloading because it would be IMHO, the only reaso. Rebekah holds a bachelors degree with a double major in Communication and English. for repayment of any negative balance. The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. You can see a full range of options, including Automated Clearing House (ACH) Payments and MoneyGram, Visit any of the over 130,000 reload locations in the. Certain products and services may be licensed under U.S. Patent Nos. Business Loans for New Businesses: What You Need To Know ? Early 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 Void in U.S. Would you recommend Brink's Prepaid Mastercard to your friends? Turn the dial clockwise fully four times, and stop on the first number for the combination lock on the fifth turn of the dial. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. Fraud prevention restrictions may If you are often close to the maximum balance, it may be time to put your money to work and deposit it in an account that yields interest, such as a savings account, a CD, or a money market account. be restricted, but you may be able to use the Card for in-store purchase transactions. See if you qualify for student loan refinancing and compare real time offers. Neither Plan Fee option includes any other fees. No Minimum Balance, No Late Fees - because this is not a credit card 6,000,608 and 6,189,787. The Brink's Money Prepaid Mastercard gives you the convenience of having a bank debit card. Fee to send money is determined and assessed by Western Union. Approved purchase transactions may Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could Fees apply for approved Money in Minutes transactions funded to your card. 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 Sponsored by: Netspend Corporation, 5900 Airport Boulevard, Austin TX, 78752. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. No Minimum Balance, No Late Fees - because this is not a credit card There is a signature transaction fee of $1.50 every time a merchant requires signature-based authentification. 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%. Fill in the application form. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Territories, including Guam and Puerto Rico, and where prohibited by law. Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card. create up to a $10.00 negative balance on your Card Account. 6 Payback Rewards is an optional program. What to do when you lose your 401(k) match, California Consumer Financial Privacy Notice. Brink's Prepaid Mastercard charges a monthly fee of up to $9.95. Why Should You Get a Business Credit Card? Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. 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. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. It may be worth looking into another prepaid credit card with a more straightforward redemption option, such as cash back. Bankrate.com is an independent, advertising-supported publisher and comparison service. document.write(theYear); service provider and read the information they can provide. How to Get a Reverse Mortgage: 3 Steps to Getting an HECM. Standard text message or data rates may apply. Here are some of the ways to add money to your Card Account once you've activated your Card and verified your identity.1, Add Money to your Brink's Money Prepaid Mastercard >. 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. And look at all the freebies you get: Free direct deposit. The company you trust offers you the features and benefits. 9 Bill payments may be subject to fees. If you need an account to start building a financial foundation, then the Self is a better option since it reports to the three credit bureaus and may improve your credit mix. to see your driver's license or other identifying information. Savings Account and is paid quarterly. See the The company you trust offers you the features and benefits you deserve to create a more convenient way to bank. Use of Card Account also subject 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. With Brink's Direct Deposit, you can get paid faster than a paper check.
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