AccountNow Prepaid Visa® Card Review
The AccountNow prepaid Visa card is a low fee reloadable card. Accepted everywhere that Visa debit cards are accepted, the AccountNow prepaid card can offers free direct deposit, and online bill pay. AccountNow offers 100% guaranteed approval with no credit checks or ChexSystems inquires. This means you can be approved regardless of your past credit history, it doesn’t matter if you credit is good or bad.
Summary
- Instant Guaranteed Approval* – no credit check, no security deposit
- $0 ACTIVATION FEE – when you load your card by direct deposit
- Free Direct Deposit – no more check cashing fees
- Free Online Check Writing – no need for expensive money orders
- No Overdraft Fees – no minimum balance required
- Reloadable – $10,000 balance limit
The AccountNow Prepaid Visa® Card is a reloadable card. Your available balance on the card is the amount you deposit to the card. There is no minimum balance needed to keep the account open. You can view your account history online or from your monthly statement. Since this is not a line of credit you will can not go into debt and you can not overdraft the account. You can apply for a card regardless of past credit problems or even if you have no credit at all. It is easy to apply for and can be done via the AccountNow website.
$25 Direct Deposit Bonus
AccountNow currently is offering a $25 bonus for those that sign up for direct deposit (which is free). You have to set up a recurring direct deposit of $50 or more for two consecutive months. There are other terms and conditions, so make sure to read the fine print, but a $25 bonus is nice for a feature that’s free to begin with and gives you access to your paycheck or government benefits check faster than a paper check. I’m not sure how long this $25 bonus offer will last, so you can click here to go to AccountNow and make sure it’s still available.
Reloadable and Easy to Use
This is a Visa card which means it is accepted anywhere that Visa is accepted. There are two ways in which you put money onto the card: direct deposit or add cash. Direct deposit is free and convenient. Your employer can have your paycheck transferred directly to your AccountNow card. You get access to your funds on payday, avoid the inconvenience and cost of check cashing stores, and don’t have to worry about carrying around a lot of cash. If you sign up for direct deposit you get a bonus of $25. You can also add cash to the card by going to one of the cash network stores. The amount of each value load must be at least $10.00 not to exceed $5,000.00 per day.
AccountNow Rates and Fees
With this card there are never any late fees, finance charges or overdraft fees. However, even though this card is a prepaid card and not a line of credit, there are still fees for using the card. You get unlimited bill paying. To get a complete list of fees you should review the Terms and Conditions of the card. Below are some of the fees for the AccountNow card.
- Purchases: Free
- U.S. ATM Transactions: $2.50 plus ATM owner fee
- ATM Balance Inquiry: $1
- ATM Decline fee: $0.40
- International ATM Transaction: $4.95, plus ATM owner fee
- Online Bill Pay: FREE for standard processing
- Primary to Secondary Card Transfer: FREE
- Monthly Statement: FREE for Online, Paper $2.95
- Live Agent Call: FREE with recurring Direct Deposit (otherwise: 1 free call/month; $2 thereafter)
- Automated phone system inquiry: FREE with recurring Direct Deposit (otherwise: up to $.50 per inquiry)
- Monthly Maintenance: $9.95
how do you borrow money with the account now prepaid visa card?
Julia, you can no longer borrow money with an AccountNow prepaid card. In the past, several prepaid cards offered what was called an iAdvance loan. The iAdvance, however, is no longer available.