Above that, the APY drops to 0.50 percent (0.49 percent variable interest rate), which isnt a terrible rate considering the current average APY. Ends 1/31/22. prepaid debit cards and related financial services to the estimated 60 million underbanked consumers in the United States Approved purchase transactions may create up to a $10.00 negative balance on your Card Account. 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 redemption parameters. What bank is Brinks all access? The interest rates and APYs of each tier may change. Card details Highlights Brink's gives you the peace of mind you deserve. Standard text message or data rates may apply. Certain products and services may be licensed under U.S. Patent Nos. 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. You'll receive a Card in the mail within 7-10 business days. Some prepaid cards require you to provide some personal information, such as your full name, address, date of birth, email, and SSN. (CT) brinksmoneypayroll@brinksinc.com Brink's Paycard 1-855-627-4657 Monday - Friday: 6 AM. Get a free consultation from a leading credit card debt expert. Ends 1/31/22. - Midnight (CT) Saturday - Sunday: 8 AM. 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%. However, its rewards program is confusing, and, like most prepaid cards, it poses a few fee-harvesting traps. 6,000,608 and 6,189,787. information from the IRS, visit https://www.irs.gov/refunds. As far as rates and fees go, the Brinks Prepaid Mastercard is virtually identical to the Netspend Prepaid Visa. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. You have money questions. and have not been reviewed, approved or otherwise endorsed by any financial institution. to fraud prevention restrictions at any time, with or without notice. So, whether youre reading an article or a review, you can trust that youre getting credible and dependable information. 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. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC. More from our insights library: The True Costs of Manual Cash Management Manual cash management costs businesses time and money. As soon as you do, you are eligible for our Reduced Monthly Plan (just $5 per month compared to $9.95)5, Meet you wherever you are in your credit card journey to guide your information search and help you understand your options. We may also ask The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. (Residents of the State of Vermont are ineligible to open a Card Account). It's a 16-digit number and CVV code that are tied to an account. iPad. Savings vs. Money Market? While the Brinks Prepaid Mastercard is a solid option, you can find better rewards and fewer fees with other prepaid credit cards or a debit card. The owner of this website may be compensated in exchange for featured placement of certain 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. If The Brink's Money Prepaid Mastercard gives you the convenience of having a bank debit card. 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. Card activation and identity verification required before you can use the Card Account. Because the Payback Points programs terms are a bit vague, its difficult to tell the exact point value. 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 If Cardholder is subject to Please contact them directly through their website (https://brinkshome.com) or their toll-free number (800-447-9239). - 8 PM. There is no minimum balance. Your wireless carrier may charge a fee for message and data usage. for repayment of any negative balance. service provider and read the information they can provide. The APYs were accurate as of Activate your new Brink's Money Prepaid Mastercard and verify your identity. Bankrate.com is an independent, advertising-supported publisher and comparison service. of a check or other direct payment method. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. The APYs were accurate as of var now = new Date(); var balanceDate = now.getMonth() + "/01/" + now.getFullYear(); document.write(balanceDate);. 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. 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. Walmart MoneyCard. plus you get: Use your Card in everyday places and you could earn cash back offers back to your Card Account. Charged in addition to any applicable Purchase Transaction Fee or OTC Withdrawal Fee. To participate in the Savings Take cash to any of the over 130,000 Reload Locations in the Netspend Reload Network to fund your Card.3. For example, it provides free withdrawals at 30,000+ MoneyPass ATMs ($3.95 at others). Netspend is a registered agent of Republic Bank & Trust Company. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company pursuant to a license by Mastercard International Incorporated. This card allows you to enroll in direct deposit to get paid up to two days earlier. editorial policy, so you can trust that our content is honest and accurate. Its not a long-term option, but is a great short-term solution. 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. family Here's how it works: Order a Card To order a Card, provide your name, mailing address and email address. Avoid These Costly Mistakes, Compare Specialty Homeowners Insurance Reviews, Expert Strategies to Invest in Real Estate, How To Start Investing with $1,000 or Less, Investment Strategies to Start Building Wealth, Finding the Right Investor for Your Startup, Strategies On Increasing Your Current Income, How To Manage Your Personal Finances Successfully, Retirement Savings: Making Up for Lost Time. editorial integrity, You can also text to 469-513-8685. Open only to U.S. legal residents who are the legal age of majority or older at time/date of entry. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Enroll in Direct Deposit to get your paycheck or government benefits in your Card Account up to 2 days faster! The Brink's Prepaid Mastercard provides cardholders with an easy way to pay and manage money prior to opening a credit card or secured card account. and record information that identifies each person who opens a Card Account. 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). All checks are subject to approval for funding in Ingo Money's sole discretion. Rebekah Hovey is an editor with nearly a decade of experience creating and shaping content in finance-related and health care fields. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. Another feature is the $10 Purchase Cushion: Brinks will create a $10 negative balance on the account to cover any overdrafts. How much should you contribute to your 401(k)? The information, including card rates and fees, is accurate as of the publish date. calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. All Rights Reserved. $5.95 per month. 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. Do Private Student Loans Have a Statute of Limitations? Does Refinancing Your Car Loan Hurt Your Credit Score? 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 for your tax refundand for all your payroll and benefit checks too. What Are The Different Types of Life Insurance? Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Domestic ATMs only charge a $2.50 withdrawal fee. 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. With Brink's Direct Deposit, you can get paid faster than a paper check. 3. transactions!5. 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. Residents of Vermont are ineligible to open a Card Account. Take our 3 minute quiz and match with an advisor today. 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). without notice pursuant to applicable law. identity. 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. - 10 PM. Void in U.S. 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. To participate in the Savings Account program, Cardholder must consent to and continue receiving communications from us Brink's Complete services are provided by Brink's Capital LLC, an indirect wholly owned subsidiary of The Brink's Company. 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. (Residents of the State of Vermont are ineligible to open a Card Account). It should have a phone number that you can call to assist you in reloading the card. 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. Prepaid Debit Cards from, in The Brink's Money Prepaid Mastercard gives you the convenience of having a bank debit card. There are no fees for purchases, and the first late fee is even waived (up to $41 after that). Earn unlimited 1% cash back on all other purchases automatically. identity. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. If custom card is lost, stolen, or damaged, any request for: (a) a replacement (CT) Saturday - Sunday: 8 AM. 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. Home Equity Loan vs. Line of Credit: Which Should You Choose? mostly not recommended Nouri Zarrugh is a writer and editor for CreditCards.com and Bankrate, focusing on product news, guides and reviews. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company pursuant to a license by Mastercard International Incorporated. up to the coverage limit, currently $250,000.00. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. Card use subject to activation and identity verification. Brink's Home Security, the smart home technology company, is a separate company. Early Each purchase will cost $1.50, but the $9.95 monthly plan may save you money depending on how often youll use your card. , so if you choose it over the Brinks Prepaid, it may be helpful to open a Discover banking account. Charges a monthly maintenance fee of up to $9.95. Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. With Brink's Direct Deposit, you can get paid faster than a paper check. Agreement. Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders identity. create up to a $10.00 negative balance on your Card Account. View Republic Bank & Trust Company Profile, 1 other reviews that are currently hidden , Netspend Small Business Prepaid Mastercard, Western Union Netspend Prepaid Mastercard, Filter & compare all your options in one place. All products, logos, and company names are trademarks or registered trademarks of their respective holders. Fee to send money is determined and assessed by Western Union. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. For up-to-date Order a Brink's Money Prepaid Mastercard and get the peace of mind you deserve. Brink's gives you the peace of mind you deserve. Brink's Prepaid Mastercard is issued by Republic Bank & Trust Company, which is based in Louisville, KY and was founded in 1982. affiliation, or sponsorship, of or by SuperMoney or them of us. Calculated based on the U.S. Dollar amount of the purchase transaction or cash withdrawal. This editorial content is not provided by any financial institution. You can also deposit your paycheck or a personal check using the mobile banking app, available for both Apple and Android phones. Netspend Corporation.All rights reserved worldwide. Can a First-Time Home Buyer Get a Jumbo Loan? 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. Find Your Best Match for Student Loan Refinancing. January 21, 2022 by William Nelson A prepaid Mastercard can provide people without credit or debit cards a way to shop online. Getting a Mortgage With a Smaller Down Payment and No PMI. Enroll in Brink's Money Payback Points. April 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. Fraud prevention Unapproved checks will not be funded to your card. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Pay-As-You-Go Cardholders must enroll in the Reduced Monthly Plan to receive it. Get the app that helps make sure your money keeps up with you! $2.50 per withdrawal, plus ATM owner fees, if any. At Bankrate, we have a mission to demystify the credit cards industry regardless or where you are in your journey and make it one you can navigate with confidence. 3 Fee may be assessed by reload location and may vary from location to location. Standard text message or data rates may apply. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. When it comes to rewards cards centered around cash back on everyday purchases, you typically want your points to be worth at least 1 cent apiece for a 1 percent cash return. Cardholder is responsible When your highest-paid employees spend time handling cash, your business loses time and money. Cardholder is responsible for repayment of any negative balance. document.write(theYear); 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. 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. 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. If Cardholder is subject to Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. You have not yet won. There's no interest or late fees because it's not a credit card. theYear = now.getYear(); Netspend Corporation.All rights reserved worldwide. Percentage taken of total check amount. Prepaid cards only allow you to spend money already in your account. . The Pay-As-You-Go Plan is the default Plan Fee on the Card Account. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. document.write(theYear); Fee may be either a flat fee or a percentage of the withdrawal amount. And your money is FDIC Insured by Republic Bank & Trust Open to legal residents of the 50 U.S. or DC, and legal age of majority prior to time/date of entry. Can You Build Credit With a Prepaid Credit Card? However, if you need a checking account and have no access to a traditional one, the Brinks can be helpful. (877) 788-9067, or click the link below and activate it online. Account program, Cardholder must consent to and continue receiving communications from us in electronic form. Use of Card Account also subject to fraud Filter & compare all your options in one place. Fee is assessed to transferor's account when the transfer is The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. iPhone. 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, Brink's Money Prepaid Mastercard. Compare Home Equity Lines of Credit Reviews. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. Put your picture on a Card for added security when paying a merchant in store. No late fees or interest charges because this is not a credit card. If you plan to save your tax refund, this is the card for you. Card use subject to activation and identity verification. *Card issued by Republic Bank & Trust Company, Member FDIC. Republic Bank & Trust Company, Member FDIC. See online custom card FAQs and the Fee Schedule in the Cardholder Agreement. 8. transfers between Netspend Cardholders; a $4.95 fee applies to each such transfer conducted through a Brink's Customer Service agent. 5. The company you trust offers you the features and benefits you deserve to create a more convenient way to bank. Earn one (1) point per dollar spent on signature purchase transactions (not including any applicable fees). Securing cash and valuables since 1859. Getting a Business Loan When You Have Bad Credit. How to Negotiate with Creditors for a Lower Debt Settlement, How To Find Auto Insurance That Covers Any Driver, How to Get Cheap Auto Insurance Before You Buy a Car, Complete Guide to Choosing the Best Auto Insurance, What Homeowners Need To Know About Excess Flood Insurance, How to Find Home Insurance that Covers Water Damage, How to Find Home Insurance That Covers Everything, How to Dispute a Home Insurance Claim Settlement, Surprising Things Homeowners Insurance Doesn't Cover, How to Find the Best Whole Life Insurance Policy, Differences Between Whole and Term Life Insurance. 9 Custom Card Fee applies. Please explain your vote by sharing your experience. Fees apply for approved Money in Minutes transactions funded to your card. 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. Keep in mind that if you want access to credit quickly, the Self Credit Builder Account with Secured Visa is not the path you should take. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Unlike credit cards, however, they don't work on credit. Greater of 5.0% of total check amount or $5.00 per check load. April How To Get a Personal Loan With Fair Credit, How to Use a Personal Loan to Build Credit. The Brinks Prepaid is only worth it in very specific situations, like if you cant open a traditional banking account. Up to the Greater of 2.75% of the withdrawal amount or $4.00 per withdrawal. We may also ask to see your driver's license or other identifying information. Additional transaction fees, costs, terms and conditions may $4.95 per transfer via Customer Service Agent. With the Brink's Prepaid MasterCard, you can get paid up to two days faster and manage your money anytime and anywhere. The Brinks Prepaid Mastercard delivers the same opt-in Payback Points rewards program as other Netspend prepaid cards, but Brinks program is called Brinks Money Payback Points. Netspend is the federally registered U.S. service mark of Netspend Corporation. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Managing your money wherever, whenever. No Minimum Balance, No Late Fees - because this is not a credit card Netspend Corporation, a Global Payments Company (NYSE: GPN) is a leading provider of general-purpose reloadable (GPR) Brinks costs $39.99 to $49.99 a month, depending on which plan you choose. If you wish to change to another Plan, just call 1 (877) 8493249 or visit. If you have a professional tax preparer, give them these Republic Bank & Trust Company, Member FDIC. Standard text message or data rates may apply. How to Open a Brinks fire Safe. Fee applies if there are funds in the Card Account and the Card Account has had no activity, i.e., no purchases; no cash withdrawals; no load transactions; and no Balance Inquiry Fee for ninety (90) days. Fraud prevention restrictions may When you activate your Brink's Money Prepaid Mastercard and verify your identity, you get more than a Card. So you can avoid interest payments, bounced checks, or overdraft fees. Greater of 2.0% of total check amount or $5.00 per check load. Prizes include (4) Grand Prizes valued at $5,000 each; (12) First Prizes valued at $500 each, (12) Second Prizes valued at @250 each, and (12) Third Prizes valued at $100 each. So you can avoid interest payments, bounced checks, or overdraft fees. 8. The APYs were accurate as of and Ingo Money, Inc., subject to the First Century Bank and Ingo Money Terms and Conditions, and Privacy Policy. Answer: I would suggest looking at the back of your card. now = new Date(); 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. Netspend is a registered agent of Republic Bank & Trust Company. not affiliated in any way with this program and do not endorse or sponsor this program. Find out how. And your money is FDIC Insured by Republic Bank & Trust Company, Member FDIC, upon card activation and identity verification. Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined.