AccountNow Gold Prepaid Debit Card
The bottom line
- Steep monthly fee that can’t be waived.
- Multiple ways to load cash but no free option.
- No overdraft or purchase transaction fees.
|General fees and features|
|Purchases and withdrawals|
NerdWallet’s overall rating is a weighted average of these four categories: general fees and features (40%), purchases and withdrawals (35%), reloads (15%) and other services (10%).
Read on for more details about the AccountNow Gold’s fees and services.
General fees and features
3.0 / 5.0
The monthly fee is high, but you won’t be hit with fees for getting or closing the card. Having direct deposits can earn you a one-time bonus.
Purchases and withdrawals
4.0 / 5.0
The card doesn’t charge for purchases or declined transactions, and it works at all merchants that accept Visa. You can get cash back with purchases at retailers when available, but there’s no free withdrawal network.
3.5 / 5.0
Direct deposit and cash reloads are the main ways to add money, but you can also use mobile check deposit or bank transfers from a checking account. Online bank transfers can take days, and free mobile check deposits process in 10 business days. There’s no free way to reload cash.
4.0 / 5.0
Some services are free: You can pay bills online, transfer money between AccountNow cards, check your balance online and get customer service support. Online bill payments are sent either as electronic transfers, which take one to two business days, or paper check, which takes four to five business days. The method depends on whether your billing company accepts online payments, but you can get bills processed faster by paying extra. Getting a second card or paper statements and checking your balance at ATMs also will cost you.
Services provided don’t offset sticker price
If you’re trying to avoid fees, you might be better served looking at other prepaid debit cards.
NerdWallet’s overall rating is a weighted average of these four categories: general fees and features (40%), purchases and withdrawals (35%), reloads (15%) and other services (10%). Factors we consider, depending on the category, include fees, ATM access, reload options, breadth of merchant acceptance, account features and limits, consumer-facing tech and customer service. Because prepaid debit cards help to manage money without using credit, any overdraft program gets penalized under the “purchases and withdrawals” category. Several Nerds contribute to prepaid debit card ratings to ensure consistency and accuracy.
What the ratings mean:
— Among the very best
— Very good; only minor caveats for most customers
— Good; issues that might make a difference to some customers
— Fair; make sure strengths and weaknesses are a good match for you
— Poor; proceed with great caution
(or below) — Best to avoid