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 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. if (theYear < 1900) theYear = theYear + 1900; If Interest is calculated on the Average Daily Balance(s) of the 7 The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. Netspend is the federally registered U.S. service mark of Netspend Corporation. Features 10.0/10. now = new Date(); Residents of Vermont are ineligible to open a Card Account. 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. You will need to pay $9.95, if you need a card replacement. The owner of this website may be compensated in exchange for featured placement of certain Brink's Home Security, the smart home technology company, is a separate company. bank account, or get paid up to 2 days faster8 with no-cost Direct Deposit. Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Bankrate has answers. So you can avoid interest payments, bounced checks, or overdraft fees. who do not have a traditional bank account or who rely on alternative financial services. 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. Fraud prevention restrictions may delay availability of funds with or without notice. These are promotional rates and may change numbers. If your identity is partially verified, full use of the Card Account will be restricted, Order a Brink's Money Prepaid Mastercard and get the peace of mind you deserve. $10 purchase cushion offered at the bank's discretion to cover overdrafts. Faster 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. 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. 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 >. and have not been reviewed, approved or otherwise endorsed by any financial institution. Card details Highlights Brink's gives you the peace of mind you deserve. We may also ask to see your driver's license or other identifying information. Residents of Vermont are ineligible to open a Card Account. 6 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. There is no minimum balance. Bankrate follows a strict is the superior option, and consumers should consider it over the Brinks due to its lack of fees and credit-building features. It's a 16-digit number and CVV code that are tied to an account. the Average Daily Balance which is $1,000.00 or less will be 4.91%. With Brink's Direct Deposit, you can get paid faster* than a paper check. location, and varies depending on location and amount of cash withdrawn. Approved purchase transactions may create up to a $10.00 negative balance on your Card Account. All products or services are presented without warranty. Login. 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. Use your Brink's Money Prepaid Mastercard to shop online, in stores, on the phone basically anywhere Debit Mastercard is accepted! Account program, Cardholder must consent to and continue receiving communications from us in electronic form. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout lifes financial journey. 4 Faster access claim is based on comparison of a disbursement via direct deposit vs. disbursement via a mailed paper check. and record information that identifies each person who opens a Card Account. There is a reload fee of up to $3.95 fee every time you reload the card. The Brink's Money Prepaid Mastercard combines the security of Brink's with the flexibility and power of Netspend. Void where prohibited by law. Reward offers are based on individual shopping habits. As such, your money may go a bit farther with a debit or credit card. This product is 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. Getting a Mortgage With a Smaller Down Payment and No PMI. this post may contain references to products from our partners. 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. Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. Find Your Best Match for Student Loan Refinancing. So, whether youre reading an article or a review, you can trust that youre getting credible and dependable information. Brink's, Incorporated operates in the State of Texas under DPS License C00550 Does Refinancing Your Car Loan Hurt Your Credit Score? Neither Plan Fee option includes any other fees. A Red Ventures company. It may be worth looking into another prepaid credit card with a more straightforward redemption option, such as cash back. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. 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 This is a third-party fee and is subject to change. For purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at Republic Bank & Trust Company will be aggregated How To Get a Personal Loan With Fair Credit, How to Use a Personal Loan to Build Credit. However all credit card information is presented without warranty. 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. the Average Daily Balance which is $1,000.00 or less will be 4.91%. if (theYear < 1900) theYear = theYear + 1900; availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. Enroll in Direct Deposit to get your paycheck or government benefits in your Card Account up to 2 days faster! The Brinks Mastercard is a prepaid card designed for day-to-day purchases. Card activation and identity verification required before you can use the Card Account. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. 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. The Brink's Money Paycard Mobile App gives you the power to manage your account on the move. Republic Bank & Trust Company and Mastercard are but can take up to one hour. 4% of the U.S. Dollar amount of the purchase transaction. 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. No cost for online or mobile Account-to-Account transfers between Netspend Cardholders; a $4.95 fee applies to each such Why Should You Get a Business Credit Card? A fee may also be assessed by a financial institution that is not a Mastercard member financial institution. Fee to send money is determined and assessed by Western Union. What Are The Different Types of Life Insurance? Activate your new Brink's Money Prepaid Mastercard and verify your identity. 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. 6,000,608 and 6,189,787. Because Savings All other trademarks and service marks belong to their owners. You do have the card in your possession, correct? The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. Netspend Corporation.All rights reserved worldwide. Some prepaid cards require you to provide some personal information, such as your full name, address, date of birth, email, and SSN. All other trademarks and service marks belong to their owners. to fraud prevention restrictions at any time, with or without notice. For example, it provides free withdrawals at 30,000+ MoneyPass ATMs ($3.95 at others). We may also ask to see your driver's license or other identifying information. 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. 2. Bankrate.com does not include the entire universe of available financial or credit offers. SuperMoney strives to provide a wide array of offers for our users, but our offers do not 1 This is a third-party fee and is subject to change. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. What Are Collateral-Free Unsecured Business Loans? The Pay-As-You-Go Plan is the default Plan Fee on the Card Account. reduce the interest earned on the Savings Account. Neither Plan Fee option includes any other fees. Get a free consultation from a leading credit card debt expert. The APYs were accurate as of Prepaid cards only allow you to spend money already in your 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. Is Refinancing Your Student Loan Worth It? Enroll in Direct Deposit to get yout paycheck or government benefits in your Card Account up to 2 days faster. $1.00 per declined transaction. 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. This is a third-party fee and is subject to change. mostly not recommended There's no interest or late fees because it's not a credit card. * Find surcharge free ATMs. No minimum balance necessary to open Savings Account or obtain the yield(s). Recommendation score measures the loyalty between a provider and a consumer. iPad. Card use subject to activation and identity verification. No fee to receive that identifies each person who opens a Card Account. Other prepaid cards like the Amex Serve Cash Back prepaid card may rake in more rewards and provide lower cost networks. Fees apply for approved Money in Minutes transactions funded to your card. The maximum allowable savings account balance is $5,000. The interest rates and APYs of each tier may change. There's no interest or late fees because it's not a credit card. Get a free consultation from a leading tax expert, in Open to legal residents of the 50 U.S. or DC, and legal age of majority prior to time/date of entry. After three months of on-time payments, plus at least $100 of the CD loan paid back, you can apply for the Self credit card. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. Filter & compare all your options in one place. Each purchase will cost $1.50, but the $9.95 monthly plan may save you money depending on how often youll use your card. Republic Bank & Trust Company is not affiliated in any way with this optional offer and does not endorse or sponsor this offer. may affect your credit. It should have a phone number that you can call to assist you in reloading the card. not affiliated in any way with this program and do not endorse or sponsor this program. Brink's Money Prepaid Account - Brink's 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%. If Cardholder is subject to 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. Mastery Wiki Search for: How; Who; Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card. Even the rewards with the. Home Equity Loan vs. Line of Credit: Which Should You Choose? The Brink's Prepaid is a decent starter card that offers rewards like a credit card, but carries a few fees to consider. If cardholder receives $500 in payroll or government benefit direct deposits in 1 calendar month, cardholder will qualify for the Reduced Monthly Plan. 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). 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. Brink's Prepaid Mastercard has a daily ATM withdrawal limit of $940. You are always on the go. now = new Date(); Securing cash and valuables since 1859. calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. (CT) Saturday - Sunday: 8 AM. Pay- The company you trust offers you the features and benefits. Certain products and services may be licensed under U.S. Patent Nos.