Bank of America CashPay Prepaid Visa Review

The Bank of America CashPay Prepaid Visa is 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 only allow you to spend money already in your account. So you can avoid interest payments, bounced checks, or overdraft fees.

Bank of America CashPay Prepaid Visa does not require a credit check, so approval is guaranteed. However, it will not help you build credit and some online merchants don't accept prepaid cards.

Who issues Bank of America CashPay Prepaid Visa?

Bank of America CashPay Prepaid Visa is issued by Bank of America, which is based in Charlotte, NC and was founded in 1784.

What fees does Bank of America CashPay Prepaid Visa charge?

Bank of America CashPay Prepaid Visa charges a monthly fee of up to $4.95.

What is the Maximum Balance for Bank of America CashPay Prepaid Visa?

The maximum balance you can have on Bank of America CashPay Prepaid Visa is $5,000. 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.

How to apply for Bank of America CashPay Prepaid Visa

• Visit the Bank of America website.
• Fill in the application form. Some prepaid cards require you to provide some personal information, such as your full name, address, date of birth, email, and SSN.
• Check the information is accurate and submit your application.