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what is green dot visa

by Queen Rogahn DDS Published 3 years ago Updated 2 years ago
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The Green Dot card is an FDIC-insured, reoladable prepaid debit card that can be used to make payments and purchases and withdraw cash. Green Dot cards are sold at retailers such as CVS, Rite-Aid and Wal-Mart.

Full Answer

How to put money on a Greendot visa?

ii) Use another banks website to add money to your Green dot account. You can deposit money to your Greendot account directly from another bank or transfer money from your external bank account, or other parties can send cash from their checking account to your Greendot account.

Does Green Dot have fees?

The fees for the Green Dot Prepaid Visa ® Card include a $7.95 monthly fee, a $3.00 ATM withdrawal fee, and a $5.95 * cash reload fee. However, the monthly fee will be waived if you load $1,000 or more in the previous monthly period.

Does Green Dot offer cash advance?

Www.GreenDotMoneyLoans.Com ☀☀☀☀☀ is Cash Advance & Payday Loans Up To $1000. You Can Also Apply By +100 Lenders Or Call : 855-572-8248. - GreenDotMoneyLoans.Com

Does Green Dot really work?

While the Green Dot card has a lot to offer, it may not work for everyone. Secured credit cards are a great alternative to prepaid cards. Once you apply and get approved for a credit card, you’ll pay a down payment that may become your credit line (but not always), that will only be used if you don’t pay your credit card each month.

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Why did I receive a Green Dot Visa card?

A Green Dot Card is a re-loadable debit card. Police warn these unsolicited cards are "very real." According to police, someone had to supply your name, address and Social Security Number in order to obtain this "permanent" card, and thereby committed an identity theft.

How does Green Dot Visa work?

How do Green Dot prepaid cards work? As noted above, Green Dot cards function similarly to debit cards without requiring an existing bank account. In other words, a prepaid Green Dot card allows you to pay bills, buy stuff online, withdraw money from ATMs and cash checks, among other things.

How much does a Green Dot card cost?

The fees for the Green Dot Prepaid Visa® Card include a $7.95 monthly fee, a $3.00 ATM withdrawal fee, and a $5.95* cash reload fee. However, the monthly fee will be waived if you load $1,000 or more in the previous monthly period.

What is Green Dot credit card?

Green Dot credit cards carry relatively low interest rates compared with competing secured credit cards, and unlike with most other issuers, applying for one won't impact your credit. (Green Dot doesn't do a hard pull on your credit report.)

How much money can a Green Dot card hold?

a $10,000In addition to that, the Green Dot Prepaid Card has a $10,000 maximum balance limit, a $3,000 daily spending limit.

How do I put money on my Green Dot Visa card?

Add cash at the register using the Green Dot App. Generate a secure deposit code, hand your cash and the code to the cashier, and the money will deposit automatically – no card required! Retail service fee of up to $4.95 applies. Add cash at the register using the Green Dot App.

What bank does Green Dot use?

Green Dot is proud to partner with Bonneville Bank and the U.S. Treasury to help more Americans enter the financial mainstream with their own prepaid debit card account and avoid the cost and the time involved in otherwise waiting for and cashing a tax refund check," said Steve Streit, Chairman and CEO, Green Dot ...

Is Green Dot Visa a gift card?

Green Dot said the card may be confused for a gift card but it's really a virtual bank. Green Dot also said, "Green Dot Reloadable Prepaid Debit Cards are regulated like bank accounts, issued in a cardholder's name, and held with Green Dot Bank, member FDIC.

Is Green Dot safe?

Green Dot MoneyPak cards themselves are legitimate products when used for the right purposes. Once purchased at a participating retailer with cash, consumers can use MoneyPaks to reload other prepaid cards, add money to a PayPal account without using a bank account, or make same-day payments to major companies.

How do dot cards work?

1:195:08DOT CARD REVIEW - Everything you need to know - YouTubeYouTubeStart of suggested clipEnd of suggested clipSo what it is is essentially. You take this card. And you tap it just on the top of the back of yourMoreSo what it is is essentially. You take this card. And you tap it just on the top of the back of your iphone. And automatically a link will pop up for from safari.

Is Green Dot on credit?

Annual Fee: $39 The Green Dot Platinum Secured card is a secured card, which just means that it is backed by a cash deposit in case you can't make payments. For this specific card, you will be approved for a credit limit based on your application, but can choose a minimum deposit as low as $200 to open an account.

Can I use my Green Dot card as a credit card?

Your Green Dot debit card can be used as either a credit or debit transaction.

How long can I use my temporary Green Dot card?

Your temporary Green Dot card will work until you receive your personalized card and activate it.

How do I use a temporary Green Dot card?

Your temporary card will be ready to use for purchases in the US in 2 business days. You will only be able to spend the funds already loaded to this card. Your temporary card cannot be reloaded, does not have ATM or cash access, and cannot be used internationally. Your PIN can be used for purchase transactions only.

How do Green Dot prepaid cards work?

In other words, a prepaid Green Dot card allows you to pay bills, buy stuff online, withdraw money from ATMs and cash checks, among other things.

Should you get a Green Dot prepaid card?

Prepaid debit cards aren’t right for everyone. For instance, if building credit is one of your money goals, a prepaid card won’t help you do it. And depending on which Green Dot card you want, the fees could end up outweighing any benefits it offers by helping you stay on budget or avoid debt.

How much does a green dot card cost?

First, you'll owe an annual fee, regardless of which card you choose: The Green Dot primor® Visa® Classic Secured Credit Card carries a $39 annual fee. The Green Dot Visa® Secured Credit Card has a $39 annual fee.

What does green dot do to credit?

Just as with many regular credit cards, Green Dot reports credit card behavior to the three main credit bureaus, allowing you build your credit history .

What is the APR of a green dot primor?

The Green Dot primor® Visa® Gold Secured Credit Card charges the highest annual fee but features the lowest interest rate of the three. The ongoing APR is 9.99% . An APR in the single digits is unusual among cards aimed at people with poor credit. That’s a reason it’s featured on our roundup of best secured cards. Depending on how large of a credit card balance you need to carry, the slightly larger annual fee may be worth it.

Does the Green Dot have annual fees?

However, all three Green Dot cards come with annual fees, and that's a big and ongoing drawback. Even potential applicants with poor to average credit can find alternatives in the secured card space that don’t charge annual fees, such as the Discover it® Secured Credit Card or the Capital One Platinum Secured Credit Card.

Does Green Dot credit card affect credit?

Green Dot credit cards carry relatively low interest rates compared with competing secured credit cards, and unlike with most other issuers, applying for one won't impact your credit. (Green Dot doesn't do a hard pull on your credit report.)

Is a green dot a debit card?

The Green Dot Prepaid Visa Card offers the convenience of a debit card, although it comes at a hefty price with fees. But even with the fees, there are several advantages to the Green Dot card that make it worth a second look among prepaid cards. The card can be used anywhere Visa is accepted in the U.S., and other benefits such as direct deposit and a convenient mobile app add to the appeal of this prepaid card.

Is the Green Dot prepaid visa good?

The Green Dot Prepaid Visa can be a good choice for those with bad credit or no credit. Additionally, it’s a smart option for those who need to keep their spending under control as it doesn’t allow overdrafts. It could also be a smart choice for teenagers who are beginning to learn how to handle money.

Does Green Dot have cash back?

If you buy a new Green Dot card and register it online, you’ll be automatically upgraded to the Unlimited Cash Back Bank Account Visa Debit Card that offers cash back, interest on savings, free in-network ATMs, free reloads in the app and more.

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