When you open a Self account, a loan is placed into a certificate of deposit, which you must pay back. Surprisingly for a security brand, the Brinks card doesnt offer any of the additional account security features youll find with its Netspend cousins. These are variable rates and may change See if you qualify for student loan refinancing and compare real time offers. availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. There's no interest or late fees because it's not a credit card. the Average Daily Balance which is $1,000.00 or less will be 4.91%. CTA Banner. LET'S TALK. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. Plan. With Brink's Direct Deposit, you can get paid faster* than a paper check. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by. 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. Residents of Vermont are ineligible to open a Card Account. (Residents of the State of Vermont are ineligible to open a Card Account). A PURCHASE OR PAYMENT WILL NOT INCREASE YOUR CHANCES OF WINNING. Would you recommend Brink's Prepaid Mastercard to your friends? 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. document.write(theYear); Brink's Prepaid Mastercard does not require a credit check, so approval is guaranteed. Enroll in Direct Deposit to get yout paycheck or government benefits in your Card Account up to 2 days faster. Prepaid cards only allow you to spend money already in your account. Certain products and services may be licensed under U.S. Patent Nos. If you have a professional tax preparer, give them these Adding money to your Brink's Money Prepaid Mastercard is convenient. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. For Ends 1/31/22. These additional offers are similar to card-linked reward programs, like Amex Offers or Chase Offers. 5 No charge for this service, but your wireless carrier may charge for messages or data. There are no fees for purchases, and the first late fee is even waived (up to $41 after that). lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and Read More See the program FAQs and Terms and Conditions in your Online Account Center for additional What KInd Of Credit Do You Need For An Auto Loan? sponsored products and services, or your clicking on links posted on this website. This feature drops your monthly plan to $5 a fee similar to other prepaid cards. You can add money to your Brink's Card from an existing bank account or from another Brink's Card. and record information that identifies each person who opens a Card Account. Percentage taken of total check amount. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC. 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. Just $5 a month (compared to $9.95) for purchase Netspend is a registered agent of Republic Bank & Trust Company. financial product. $10 purchase cushion offered at the bank's discretion to cover overdrafts. * Get direct deposit information. Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. ATTENTION JOINT FILERS: Please make sure both parties are listed on the Card Account. Fill in the application form. *Card issued by Republic Bank & Trust Company, Member FDIC. What are index funds and how do they work? With Brink's Direct Deposit, you can get paid faster than a paper check. What Is Brinks Prepaid Mastercard? Unlike credit cards, however, they don't work on credit. - 8 PM. PayPal's prepaid MasterCard charges $4.95 per month for unlimited purchases. Securing cash and valuables since 1859. Starts 2/1/21. of a check or other direct payment method. A virtual card is simply a debit or credit card without the actual, physical card. Our editorial team does not receive direct compensation from our advertisers. and Ingo Money, Inc., subject to the First Century Bank and Ingo Money Terms and Conditions, and Privacy Policy. Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. person and may be one indicator to the credit type you are eligible for. Does Refinancing Your Car Loan Hurt Your Credit Score? 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. Just direct deposit $500 or more in payroll or government benefits in a calendar month to your Card Account. So, whether youre reading an article or a review, you can trust that youre getting credible and dependable information. CONSUMER DISCLOSURE: NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN. 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. You'll receive a Card in the mail within 7-10 business days. Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. No Minimum Balance, No Late Fees - because this is not a credit card We may also ask to see your driver's license or other identifying information. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. 5. Find Your Best Match for Student Loan Refinancing. This is a third-party fee and is subject to change. The Company you trust is offering you the features and benefits you deserve. Republic Bank & Trust Company is not affiliated in any way with this optional offer and does not endorse or sponsor this offer. Compare Home Equity Lines of Credit Reviews. For one, setting up direct deposits with the Brinks card means funds are available up to 2 days earlier than with a bank. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. now = new Date(); Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders numbers. may affect your credit. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Use your Brink's Money Prepaid Mastercard to shop online, in stores, on the phone basically anywhere Debit Mastercard is accepted! Netspend is the federally registered U.S. service mark of Netspend Corporation. 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. Luckily, these reward opportunities can easily fit into your regular spending since they are personalized around your purchases. ; 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 . The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. The maximum balance you can have on Brink's Prepaid Mastercard is $15,000. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. All other trademarks and service marks belong to their owners. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. 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. Brinks costs $39.99 to $49.99 a month, depending on which plan you choose. - 10 PM. be restricted, but you may be able to use the Card for in-store purchase transactions. Brink's secures valuables around the world. However, credit score alone does not guarantee or imply approval for any Brink's Business Expense. Besides its laundry list of fees, a few other key considerations deserve your attention before choosing the Brinks Prepaid. Check the information is accurate and submit your application. Cardholder Agreement for details. No fee to receive prevention restrictions at any time, with or without notice. However, if you need a checking account and have no access to a traditional one, the Brinks can be helpful. There is no minimum balance. SuperMoney.com is an independent, advertising-supported service. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. Points can be redeemed for cash back in the form of account credits, but you must log in to the Online Account Center or mobile app to see your other reward choices. There's no minimum spending or maximum rewards. create up to a $10.00 negative balance on your Card Account. Void where prohibited. Picture must meet Image Guidelines. We maintain a firewall between our advertisers and our editorial team. With Brink's Money, everyone is eligible regardless of credit history,2 Once you activate your Brink's Money Prepaid MasterCard, you'll love the Brink's Money Program because it's: Fast and Convenient: No more waiting to get your paycheck. 7. Neither Plan Fee option includes any other fees. 4% of the U.S. Dollar amount of the purchase transaction. service provider and read the information they can provide. Can a First-Time Home Buyer Get a Jumbo Loan? Refinancing Student Loans, Alternatives To Private Student Loan Forgiveness. With Brink's Direct Deposit, you can get paid faster than a paper check. However, it will not help you build credit and some online merchants don't accept prepaid cards. Netspend is the federally registered U.S. service mark of Netspend Corporation. But with Brink's Complete, they can improve savings & reduce the hours it takes to handle cash. 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 Savings vs. Money Market? Find out how. Certain products and services may be licensed under U.S. Patent Nos. Use of Card Account also subject Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card. Compare its features and fees in our detailed review. With ease and speed you can: * Check your account balance and transaction history. Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. Certain restrictions apply; see the program terms and conditions for full details, including point earning and Bankrate.com does not include the entire universe of available financial or credit offers. Open only to U.S. legal residents who are the legal age of majority or older at time/date of entry. There is no minimum balance. 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. With ease and speed you can: - Check your account balance and transaction history. transfer conducted through a Netspend Customer Service agent. The Brink's Money Prepaid Mobile App gives you the power to manage your money on the go from the palm of your hand - View your transaction history and balance - Send money to friends and family 1 - Move money to and from Savings Account - Find the closest reload locations - Load checks using mobile image capture 2 Just a dollar-for-dollar match. The interest rates and APYs of each tier may change. See the Cardholder Agreement for details. 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. Get the app that helps make sure your money keeps up with you! Home Equity Loan vs. Line of Credit: Which Should You Choose? Even the rewards with the. Netspend Corporation.All rights reserved worldwide. * See the online application for details about terms and conditions for these offers. Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. Brink's Prepaid Mastercard. Savings Account and is paid quarterly. Cardholder Agreement for details. deducted from check total prior to loading your Card Account. Approval review usually takes 3 to 5 minutes Intro Offer: Unlimited Cashback Match - only from Discover. Instead, you might want to focus on earning a higher credit score with your card if you have less-than-perfect credit. 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 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. 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%. Interest is calculated on the Average Daily Balance(s) of the But if youre a Brinks Preferred Benefits cardholder, the issuer may give you up to a $10 negative balance as a courtesy, offering some wiggle room if youre in a pinch. Because Savings The Brink's Prepaid Mastercard offers bank-level features without hefty fees. Still, the card offers two-day early direct deposit and a decent portfolio of handy Netspend benefits if youre a Brinks Preferred Benefits cardholder (load qualifying direct deposits of at least $500 in one month to be eligible). To participate in the Savings Account program, Cardholder must consent to and continue receiving communications from us