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%. document.write(theYear); We may also ask Brink's Complete services are provided by Brink's Capital LLC, an indirect wholly owned subsidiary of The Brink's Company. Use Direct Deposit This compensation may impact how and where products appear on this site and have not been reviewed, approved or otherwise endorsed by any financial institution. ATTENTION JOINT FILERS: Please make sure both parties are listed on the Card Account. Here's how it works: Order a Card To order a Card, provide your name, mailing address and email address. 3 Fee may be assessed by reload location and may vary from location to location. Were transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. cardholder receives $500 in payroll or government benefit direct deposits in 1 calendar month, cardholder will qualify for the Reduced Monthly Cardholder Agreement for details. 6 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. 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. 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 5 The Pay-As-You-Go Plan is the default Plan Fee on the Card Account. 8 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. 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, Details about bill payment methods are available in the Online Account Center. Use of the Card Account is subject to activation, ID verification, and funds availability. 1 Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. Up to the Greater of 2.75% of the withdrawal amount or $4.00 per withdrawal. 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. Fee is determined and assessed by operator of Netspend Reload Network The Brinks Prepaid Mastercard goes above and beyond our expectations for a prepaid debit card. However, if you need a checking account and have no access to a traditional one, the Brinks can be helpful. These additional offers are similar to card-linked reward programs, like Amex Offers or Chase Offers. Open to legal residents of the 50 U.S. or DC, and legal age of majority prior to time/date of entry. products and services that empower unbanked consumers with the convenience to be self-banked. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. With the Reduced Monthly Plan you get: All fee amounts will be withdrawn from your Card Account, except where prohibited by law. Cardholder is responsible for repayment of any negative balance. 3. Are you an existing customer? Netspend Corporation.All rights reserved worldwide. The owner of this website may be compensated in exchange for featured placement of certain However, its still a stepping-stone to better products and should be used as such. be associated with the funding and use of your card. Interest is 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. Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. 2Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. Activate/Register Log In Anytime Alerts TM Enroll in Anytime Alerts to keep track of your balance, deposits, and payments via text or email. Picture must meet Image Guidelines. $3.00 per withdrawal. Which certificate of deposit account is best? You may opt-out at any time by visiting the Payback Rewards page in your Online Account Center. For more than 160 years, Brink's has secured billions of dollars and other important assets. Netspend is a registered agent of Republic Bank & Trust Company. Earn unlimited 1% cash back on all other purchases automatically. Its not a long-term option, but is a great short-term solution. Netspend is the federally registered U.S. service mark of Netspend Corporation. Ongoing rewards program boosts its long-term value, 130,000+ locations in the Netspend reload network, Pay-as-you-go plan offers flexibility with individual purchase fees instead of monthly fees, Shares valuable Netspend benefits, like a $10 courtesy cushion, Long list of fees make pay-as-you-go expensive, Nearly identical to the Netspend Visa Prepaid Card, Doesnt build credit and no additional security measures with Brinks. What Are Different Types of Credit Cards? Greater of 5.0% of total check amount or $5.00 per check load. Adding money to your Brink's Money Prepaid Mastercard is convenient. 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%. See your Cardholder Agreement for details. - Midnight (CT) Saturday - Sunday: 8 AM. Netspend Corporation.All rights reserved worldwide. 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 Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access We may also ask to see your driver's license or other identifying information. prevention restrictions at any time, with or without notice. Compare Home Equity Lines of Credit Reviews. What Are the Differences Between Federal and Private Student Loans? Is Refinancing Your Student Loan Worth It? However, its rewards program is confusing, and, like most prepaid cards, it poses a few fee-harvesting traps. Recommendation score measures the loyalty between a provider and a consumer. reduce the interest earned on the Savings Account. 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. For 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. (Residents of the State of Vermont are ineligible to open a Card Account). No cost for online or mobile Account-to-Account transfers between Netspend Cardholders; a $4.95 fee applies to each such 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. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Securing cash and valuables since 1859. Brink's Prepaid Mastercard 1-877-849-3249 Monday - Friday: 8 AM. No Minimum Balance, No Late Fees - because this is not a credit card Brink's Money Prepaid Mastercard Activate your Brink's Money Paycard, verify your identity, [1] and learn more about its features here. Company, Member FDIC, upon card activation and identity verification.1. The interest rates and APYs of each tier may change. April 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 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. 5. Card may be used everywhere 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. Additional transaction fees, costs, terms and conditions may document.write(theYear); To participate in the Savings How to Get a Reverse Mortgage: 3 Steps to Getting an HECM. Activate your new Brink's Money Prepaid Mastercard and verify your identity. Youll earn 1 Payback Point per dollar on signature purchase transactions (just select credit on the keypad at checkout), minus your purchase fees. Home Equity Loan vs. Line of Credit: Which Should You Choose? 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. This is a third-party fee and is subject to change. calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. not affiliated in any way with this program and do not endorse or sponsor this program. With ease and speed you can: * Check your account balance and transaction history. 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. [2] Payback Rewards SM Card activation and identity verification required before you can use the Card Account. Bankrate.com is an independent, advertising-supported publisher and comparison service. Considering a card program for your business? 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. You have not yet won. * Find surcharge free ATMs. Brink's is founded on a heritage of trust and a reputation as the most reliable name in the industry. Call our automated, toll-free number 1 Any opinions, analyses, reviews or recommendations expressed here are those of the authors alone, Brink's Prepaid Mastercard. theYear = now.getYear(); The redemption options can be valuable, but the point values and higher-yield reward opportunities are a bit foggy unless you already have an account. 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. Prepaid cards operate like debit cards in that you cant spend beyond your cards balance. The APYs were accurate as of Bankrate follows a strict Meanwhile, the Brinks Prepaid can (and will) charge you almost $6 a month after 90 days of inactivity, which further eats into your balance. Personal Loan Vs. Line Of Credit: Which Is Better? 9 Bill payments may be subject to fees. Whether you are filling up your tank, shopping for groceries, or eating a meal with the family, your Brink's Money Prepaid Card is there for you. Bankrate.com does not include the entire universe of available financial or credit offers. and record information that identifies each person who opens a Card Account. Just $5 a month (compared to $9.95) for purchase Compare its features and fees in our detailed review. If Certain products and services may be licensed under U.S. Patent Nos. Don't have a card? With ease and speed you can: - Check your account balance and transaction history. This is a third-party fee and is subject to change. deducted from check total prior to loading your Card Account. And your money is FDIC Insured by Republic Bank & Trust Company, Member FDIC, upon card activation and identity verification. 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. They will tell you how to reload the card. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. 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. ++During checkout, select "CREDIT" on the keypad to make a Signature Purchase, or select "DEBIT" and enter your PIN to make a PIN Purchase. Should You Hire a Debt Settlement Company or Do It Yourself? The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. Buying a Mobile Home: What You Need to Know, Compare Motorcycle and ATV Insurance Reviews, Compare Personal Watercraft Insurance Reviews, Considering Renters Insurance? Nouri Zarrugh is a writer and editor for CreditCards.com and Bankrate, focusing on product news, guides and reviews. 1IMPORTANT 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, January 21, 2022 by William Nelson A prepaid Mastercard can provide people without credit or debit cards a way to shop online. Unapproved checks will not be funded to your card. by SuperMoney users with a score of -47, equating to 2.1 on a 5 point rating scale. Fees 8.0/10. Percentage taken of total check amount. to fraud prevention restrictions at any time, with or without notice. See below for Official Rules & complete details. Pay-As-You-Go Cardholders must enroll in the Reduced Monthly Plan to receive it. 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. Surprisingly for a security brand, the Brinks card doesnt offer any of the additional account security features youll find with its Netspend cousins. Fee may be either a flat fee or a percentage of the withdrawal amount. If you wish to change to another Plan, just call 1 (877) 8493249 or visit. A Red Ventures company. The card comes with a mobile app . 6,000,608 and 6,189,787. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by . Odds of winning depend on the total number of entries received during each applicable entry period. Republic Bank & Trust Company, Member FDIC. iPhone. month instead of paying a fee for every purchase transaction under the Pay-As-You-Go Plan. Does Refinancing Your Car Loan Hurt Your Credit Score? Certain products and services may be licensed under U.S. Patent Nos. money on your Card via Western Union Money Transfer. For a complete list of fees, please refer to the fee schedule in the Cardholder These are some of the most common fees associated with the use of your Card. Login. Approved purchase transactions may create up to a $10.00 negative balance on your Card Account. Greater of 2.0% of total check amount or $5.00 per check load. 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. You do have the card in your possession, correct? Mastery Wiki Search for: How; Who; Fill in the application form. What bank is Brinks all access? To participate in the Savings 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. $5.95 per month. So, whether youre reading an article or a review, you can trust that youre getting credible and dependable information. prepaid debit cards and related financial services to the estimated 60 million underbanked consumers in the United States The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. Cardholder is responsible for repayment of any negative balance. Cash back rewards are credited to your Card Account and are not available in the form Card activation and identity verification required before you can use the Card Account. Netspend is the federally registered U.S. service mark of Netspend Corporation. 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. Brink's Prepaid Mastercard has a daily ATM withdrawal limit of $940. April You are always on the go. It's secure, fast, and free. Just a dollar-for-dollar match. person and may be one indicator to the credit type you are eligible for. You'll receive a Card in the mail within 7-10 business days. Skip to content. It's a 16-digit number and CVV code that are tied to an account. Approval review usually takes 3 to 5 minutes Through his thorough card reviews and product comparisons, Nouri strives to demystify personal finance topics and credit card terms and conditions to help readers save money and protect their credit score. reduce the interest earned on the Savings Account. Fraud prevention restrictions may delay availability of funds with or without notice. $4.95 per transfer via Customer Service Agent. Card Account and Savings Account funds are FDIC-insured upon verification of Cardholders identity. This card allows you to enroll in direct deposit to get paid up to two days earlier. As such, your money may go a bit farther with a debit or credit card. 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. Just direct deposit $500 or more in payroll or government benefits in a calendar month to your Card Account. Use of Card Account also subject standard Replacement Card Fee. These are variable rates and may change 5 No charge for this service, but your wireless carrier may charge for messages or data. How to Find a Money Transfer Service Near Me? Neither Plan Fee option includes any other fees. There's no minimum spending or maximum rewards. create up to a $10.00 negative balance on your Card Account. Find Your Best Match for Student Loan Refinancing. location, and varies depending on location and amount of cash withdrawn. up to the coverage limit, currently $250,000.00. But with Brink's Complete, they can improve savings & reduce the hours it takes to handle cash. We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or if (theYear < 1900) theYear = theYear + 1900; Get the app that helps make sure your money keeps up with you! We may also ask to see your driver's license or other identifying information. Securing cash and valuables since 1859. Securing cash and valuables since 1859.; With Brink's Direct Deposit, you can get paid faster than a paper check. The Brinks prepaid card is issued by Netspend and carries a nearly identical structure to the Netspend Visa Prepaid Card down to the rewards, fees and most benefits. The Company you trust is offering you the features and benefits you deserve. 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. The interest rates and APYs of each tier may change. affiliation, or sponsorship, of or by SuperMoney or them of us. Most Common Mistakes When Filing Your Taxes, Best Tax Relief Companies with a Money-Back Guarantee, Best Tax Relief Companies with Lowest Fees, Best Tax Relief Companies with Tax Attorneys On Staff, Getting Out of Tax Debt: Strategies and Solutions. Why Should You Get a Business Credit Card? Card use subject to activation and identity verification. Card details Highlights Brink's gives you the peace of mind you deserve. The Brinks Prepaid MasterCard comes with additional features. Residents of Vermont are ineligible to open a Card Account. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout lifes financial journey. 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. service provider and read the information they can provide. For one, setting up direct deposits with the Brinks card means funds are available up to 2 days earlier than with a bank. Card use subject to activation and identity verification. Charges a monthly maintenance fee of up to $9.95. Agreement. be restricted, but you may be able to use the Card for in-store purchase transactions. If you choose the pay-as-you-go plan, itll be hard to maneuver without tripping over a fee. of a check or other direct payment method. Republic Bank & Trust Company and Mastercard are Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision. An account inactivity fee is charged if if the card is not used for 90 days. The company you trust offers you the features and benefits you deserve to create a more convenient way to bank. However, if used correctly, it can be handy in a bind and help people. theYear = now.getYear(); Brinks Preferred Benefits members may choose to open an optional FDIC-insured savings account with Republic Bank & Trust Company. 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. Domestic ATMs only charge a $2.50 withdrawal fee. (CT) Saturday - Sunday: 8 AM. Terms apply to the offers listed on this page. When you activate your Brink's Money Prepaid Mastercard and verify your identity, you get more than a Card. 6,000,608 and 6,189,787. Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. Is Brinks better than ADT? Fee varies Per transfer. ; No late fees or interest charges because this is not a credit card. Enroll in Brink's Money Payback Points. $2.50 per withdrawal, plus ATM owner fees, if any. It's well-known and trusted by consumers and retailers alike, has an enormous network, and this prepaid credit card has pretty low fees compared to others in the industry. 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.