8/6/2023 0 Comments Vanilla visa balance inquiry![]() ![]() If you plan to use your prepaid account to pay bills, compare these fees before you select a card. Your prepaid card provider may charge a fee each time you use the program to pay a bill. Some prepaid cards let you pay your bills online through the card provider’s website. Some card providers allow you to transfer money between cards online without a fee. This is called a card-to-card or person-to-person transfer fee. You may be charged a fee if you transfer money between two prepaid cards. The length of time that triggers an inactivity fee can vary and not all prepaid cards charge inactivity fees. Inactivity feeĪn inactivity fee is charged if you don’t use your card for a certain period of time. Many prepaid cards do not charge decline fees. Decline feeĪ decline fee is a fee charged if you attempt to use your card for something that costs more than the amount of money you have left on your card. Please note that you may be charged a fee for a mailed transaction history in some cases. Unless they provide monthly statements, the prepaid card provider has to give you, without a fee, balance information by phone, transaction history online, and, should you request it, transaction history by mail. Under the CFPB’s prepaid rule, you have the right to get information about your account for free. You may be able to go online to get a statement, or at least a list of your recent card purchases and other transactions, without a fee. Some prepaid cards charge a fee if you request paper statements for your prepaid card. Most prepaid cards provide other options for loading money to your card, including direct deposit, which may save you money by avoiding the cash reload fee. Cash reload feeĪ cash reload fee is a fee imposed by the retail location for adding money to your card. Check your cardholder agreement to learn about fees that apply to checking your balance and how to check your balance for free. For example, you might be able to check your balance online for free or request the balance information by email or text. Not all prepaid cards charge the same fees to check your balance, with most cards offering at least one free option to check account balance. You may be charged a balance inquiry fee if you check your prepaid card balance at an ATM or call customer service to ask about your balance. Depending on the terms of your cardholder agreement, you may pay less or be able to avoid ATM fees by using your prepaid card at in-network ATMs. An ATM may be in-network or out-of-network depending on your particular card and the particular network to which an ATM belongs. The bank that issues your prepaid card may belong to one or more of these networks. Individual banks and ATMs belong to different networks. In-network / out-of-network ATM withdrawal fee Some cards let you choose between a plan that charges transaction fees and one that charges a single monthly fee. Your card provider might charge transaction fees under a “pay-as-you-go” plan. Transaction feeĪ transaction fee is a fee charged every time you use the card for certain types of transactions, such as purchases made in stores or online. If you use your card frequently, a monthly fee may be cheaper for you than paying a fee for each transaction. For example, some prepaid cards waive the monthly fee if you have your pay or benefits directly deposited into your prepaid account. Some cards may waive the monthly fee under certain circumstances. The fee is automatically deducted from your account balance. Common fees for prepaid cards Monthly feeĪ monthly fee is a fixed fee you pay each month even if you don’t use the card. ![]() Some cards may have other fees in addition to the ones listed below or may use different words to describe similar fees. Not all prepaid cards charge the same fee or offer the same services. This is why it is better to be prepared and ready for anything.Below is a list outlining the types of fees that prepaid cards may charge. The Vanilla gift card can be your key to a complete shopping experience. It would be fixed, or you would receive a replacement. Contact vanilla support immediately if you receive the “Gift Card Damaged” error, as the balance cannot be deducted.
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