Overview

The AccountNow Prepaid Visa is a prepaid card designed for consumers who want the convenience of paying with plastic but don’t want (or don’t qualify) for a regular credit card. Prepaid cards also have the advantage of making it impossible for cardholders to incur in overdraft fees.

AccountNow Prepaid Visa charges a $4.95 activation fee but it doesn’t have a monthly maintenance fee. On the other hand, it does charge $1 for every PIN or signature purchase, which can add up quickly if you use the card regularly.

Its main advantages are:

- Approval is guaranteed. No credit check.

- No minimum balance

- No bounced checks or overdraft fees.

- Large reload Network

AccountNow Prepaid Visa is issued by MetaBank, an FDIC member based in Storm Lake, Iowa. Metabank is a savings association that was established in 1954 and has $2.96 billion in assets. MetaBank issues a selection prepaid cards through several marketing companies, such as AccountNow and NetSpend. 

How Much Does AccountNow Prepaid Visa Cost?

There is a $4.95 charge to activate AccountNow Prepaid Visa account, but there is no monthly maintenance fee. The AccountNow Gold Visa card on the other hand has a $9.95 monthly maintenance fee. The catch is that the AccountNow Prepaid Visa charges a $1 for every purchase you make. So if you make more than 10 transactions a month, this card will be more expensive than the Gold Visa card.

There is no fee for adding money to your account by direct deposit or using money transfer services, although third party money transfer services may require you to pay a fee.

Withdrawing cash from an ATM has a $2.50 fee per transaction. You can avoid the fee by getting cash back when shopping at stores that offer this service.

What Are The Terms and Fees for AccountNow Prepaid Visa?

 Here are the key terms and fees to consider:

-          Daily ATM withdrawal limit of $300

-          Daily Direct Deposit of $10,000

-          Maximum Balance of $10,000

-          Card Replacement Fee of $10

-          Out of Network ATM Withdrawal Fee of $2.5 ($4.95 for international ATM withdrawals)

-          International transaction fee of 3%