The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company pursuant to a license by Mastercard International Incorporated. Sponsored by: Netspend Corporation, 5900 Airport Boulevard, Austin TX, 78752. However, credit score alone does not guarantee or imply approval for any To check the rates and terms you qualify for, one or more soft credit pulls will be done by No cost for online or mobile Account-to-Account No fee; standard text message or data rates may apply. Netspend is the federally registered U.S. service mark of Netspend Corporation. Meanwhile, the Brinks Prepaid can (and will) charge you almost $6 a month after 90 days of inactivity, which further eats into your balance. Unfortunately, your balance will be constantly nibbled into by the cast of fees that usually come with even the best prepaid cards. Fraud prevention restrictions may delay availability of funds with or without notice. Even the rewards with theDiscover it Secured Credit Cardare slightly higher than the Brinks Prepaid 2 percent back at restaurants and gas stations on up to $1,000 per quarter, then 1 percent, and 1 percent on everything else. Netspend is a registered agent of Republic Bank & Trust Company. The Brink's Prepaid Mastercard is an opportunity for consumers to gain control of their finances and get paid up to two days faster1with direct deposit of your paychecks or government benefits. For up-to-date without notice pursuant to applicable law. Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. Order Your Brink's Money Prepaid Card Here >. Release Summary. Fees may apply.3, Use our mobile apps, Anytime Alerts and Online Account Center to access your money and Card Account wherever you are.6, With $500 in qualifying direct deposits, you get access to a $10 Purchase Cushion7, Reduced Monthly Plan8, and an optional Savings Account.9, The Brink's Show Me The Money Truck Sweepstakes is delivering cash prizes with a chance to win every month!.8. Managing your money wherever, whenever. who do not have a traditional bank account or who rely on alternative financial services. 6,000,608 and 6,189,787. For purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at Republic Bank & Trust Company will be aggregated up to the coverage limit, currently $250,000.00. You could win up to $5,000 in the Brink's Show Me The Money Truck Sweepstakes. Visit one of the over 130,000 Netspend Reload locations3, transfer2 money from a qualifying You need a bank account to open aDiscover it Secured Credit Card, so if you choose it over the Brinks Prepaid, it may be helpful to open a Discover banking account. 4% of the U.S. Dollar amount of the purchase transaction. For people without credit, theDiscover it Secured Credit Cardis the superior option, and consumers should consider it over the Brinks due to its lack of fees and credit-building features. Besides its laundry list of fees, a few other key considerations deserve your attention before choosing the Brinks Prepaid. Bankrate.com is an independent, advertising-supported publisher and comparison service. However, if you need a checking account and have no access to a traditional one, the Brinks can be helpful. Netspend is a registered agent of Republic Bank & Trust Company. The company's mission is to develop Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. Brink's (NYSE: BCO) is based in Richmond Virginia, and is a global leader in security-related services for banks, financial institutions, mines, retailers, diamond and jewelry industries, pharmaceuticals, and a variety of other commercial The Self Credit Builder Account marries the features of an installment loan, savings account and secured credit card to help people start their credit-building journey and establish positive financial habits. Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could For example, the American Express Serve Cash Back prepaid card earns unlimited 1 percent cash back on all purchases in exchange for a $7.95 monthly fee. Republic Bank & Trust Company, Member FDIC. The account earns a whopping up to 5 percent APY, but only up to a tiny $1,000 balance (4.91 percent variable interest rate). Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. April NOTE: Fees assessed to your Card Account balance may bring your Card Account balance negative. Above that, the APY drops to 0.50 percent (0.49 percent variable interest rate), which isnt a terrible rate considering the current average APY. For purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at Republic Bank & Trust Company will be aggregated calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. The Brinks Prepaid Mastercard can be helpful in a financial pinch for people who are unbanked or who cant open a traditional checking account. reduce the interest earned on the Savings Account. CONSUMER DISCLOSURE: NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN. Approved purchase transactions may Brink's is founded on a heritage of trust and a reputation as the most reliable name in the industry. The Brink's Money Prepaid Mastercard gives you the convenience of having a bank debit card. Void where prohibited by law. and Ingo Money, Inc., subject to the First Century Bank and Ingo Money Terms and Conditions, and Privacy Policy. We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or Account program, Cardholder must consent to and continue receiving communications from us in electronic form. Login. - 8 PM. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by . Transfer of funds via ACH from your Card Account to your bank account at another financial Some prepaid cards require you to provide some personal information, such as your full name, address, date of birth, email, and SSN. How to Find a Money Transfer Service Near Me? Through his thorough card reviews and product comparisons, Nouri strives to demystify personal finance topics and credit card terms and conditions to help readers save money and protect their credit score. Get a free consultation from a leading credit card debt expert. 2023 Bankrate, LLC. Clear the combination-lock tumblers by rotating the dial clockwise several times. *Card issued by Republic Bank & Trust Company, Member FDIC. Our experts have been helping you master your money for over four decades. create up to a $10.00 negative balance on your Card Account. lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and to see your driver's license or other identifying information. However all credit card information is presented without warranty. Additional transaction fees, costs, terms and conditions may Cardholder Agreement for details. It's ideal for those who want early access to paychecks or government benefits or the ability to load funds in-person at more than 130,000 Netspend Reload Network locations in the US. The Brinks Prepaid MasterCard comes with additional features. For one, setting up direct deposits with the Brinks card means funds are available up to 2 days earlier than with a bank. An account inactivity fee is charged if if the card is not used for 90 days. A FICO score/credit score is used to represent the creditworthiness of a Ongoing rewards program boosts its long-term value, 130,000+ locations in the Netspend reload network, Pay-as-you-go plan offers flexibility with individual purchase fees instead of monthly fees, Shares valuable Netspend benefits, like a $10 courtesy cushion, Long list of fees make pay-as-you-go expensive, Nearly identical to the Netspend Visa Prepaid Card, Doesnt build credit and no additional security measures with Brinks. $3.00 per withdrawal. Our editorial team does not receive direct compensation from our advertisers. Consolidating vs. What KInd Of Credit Do You Need For An Auto Loan? Netspend Corporation, a Global Payments Company (NYSE: GPN) is a leading provider of general-purpose reloadable (GPR) See the Cardholder Agreement for details. Furthermore, there are better prepaid cards that can truly help you establish financial security and provide avenues to graduate to products like the best secured credit cards. When it comes to rewards cards centered around cash back on everyday purchases, you typically want your points to be worth at least 1 cent apiece for a 1 percent cash return. No Minimum Balance, No Late Fees - because this is not a credit card Fee is determined and assessed by operator of Netspend Reload Network location, and varies depending on location. This is a third-party fee and is subject to change. . Unlike credit cards, however, they don't work on credit. With Brink's Direct Deposit, you can get paid faster* than a paper check. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access Cardholder is responsible for repayment of any negative balance. These are some of the most common fees associated with the use of your Card. Details about bill payment methods are available in the Online Account Center. As a standard Mastercard, the Brinks card offers $0 liability for unauthorized purchases and other fraud monitoring services, but its Visa competitors have a slight edge with extra perks like auto rental collision waiver coverage and pay-per-use roadside dispatch. In fact, its missing Netspends virtual card number benefit for safer online shopping. When your highest-paid employees spend time handling cash, your business loses time and money. Neither Plan Fee option includes any other fees. The information, including card rates and fees, is accurate as of the publish date. Compare its features and fees in our detailed review. Brink's, Incorporated operates in the State of Texas under DPS License C00550 The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. No late fees or interest charges because this is not a credit card. Approved purchase transactions may To participate in the Savings Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Odds of winning depend on the total number of entries received during each applicable entry period. Brink's Prepaid Mastercard does not require a credit check, so approval is guaranteed. Brink's gives you the peace of mind you deserve. service provider and read the information they can provide. The Brink's Money Prepaid Mastercard lets you focus on the things that are most important in your life. 6,000,608 and 6,189,787. Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. Percentage taken of total check amount. At Bankrate, we have a mission to demystify the credit cards industry regardless or where you are in your journey and make it one you can navigate with confidence. Here's how it works: Order a Card To order a Card, provide your name, mailing address and email address. the Average Daily Balance which is $1,000.00 or less will be 4.91%. Fee is determined and assessed by operator of Netspend Reload Network Republic Bank & Trust Company, Member FDIC. See the program FAQs and Terms and Conditions in your Online Account Center for additional 2. deducted from check total prior to loading your Card Account. The interest rates and APYs of each tier may change. No Fee. And look at all the freebies you get: Free direct deposit. I've never heard of that type of card in the US, nor am I familiar with the California Bank that may clear Brinks US debit card transaction. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Login. See full Official Rules for details. The Brinks prepaid card is issued by Netspend and carries a nearly identical structure to the Netspend Visa Prepaid Card down to the rewards, fees and most benefits. Use Direct Deposit Save time don't wait in line to cash your check, Save money don't pay fees to cash your checks, Access to a Savings Account up to a 5.00% APY. deducted from check total prior to loading your Card Account. The Brink's Prepaid Mastercard offers bank-level features without hefty fees. Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Ends 1/31/22. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. Why Should You Get a Business Credit Card? 7 The Savings Account is made available to Cardholders through Republic Bank & Trust Company; Member FDIC. Those who can Direct Deposit at least $500. Its not a long-term option, but is a great short-term solution. You may opt-out at any time by visiting the Payback Rewards page in your Online Account Center. Which Account Fits You Best? * Get direct deposit information. The company you trust offers you the features and benefits you deserve to create a more convenient way to bank. Bankrate.com does not include the entire universe of available financial or credit offers. details about how and when you get rewarded. Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision. for your tax refundand for all your payroll and benefit checks too. This editorial content is not provided by any financial institution. 9 Custom Card Fee applies. The company you trust offers you the features and benefits. Card use subject to activation and identity verification. This product is Card details Highlights Brink's gives you the peace of mind you deserve. Another feature is the $10 Purchase Cushion: Brinks will create a $10 negative balance on the account to cover any overdrafts. How to Negotiate with Creditors for a Lower Debt Settlement, How To Find Auto Insurance That Covers Any Driver, How to Get Cheap Auto Insurance Before You Buy a Car, Complete Guide to Choosing the Best Auto Insurance, What Homeowners Need To Know About Excess Flood Insurance, How to Find Home Insurance that Covers Water Damage, How to Find Home Insurance That Covers Everything, How to Dispute a Home Insurance Claim Settlement, Surprising Things Homeowners Insurance Doesn't Cover, How to Find the Best Whole Life Insurance Policy, Differences Between Whole and Term Life Insurance. To participate in the Savings Account program, Cardholder must consent to and continue receiving communications from us However, if used correctly, it can be handy in a bind and help people. If Cardholder is subject to Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Enroll in Direct Deposit to get your paycheck or government benefits in your Card Account up to 2 days faster! There is a reload fee of up to $3.95 fee every time you reload the card. All Rights Reserved. We maintain a firewall between our advertisers and our editorial team. Brink's Prepaid Mastercard is issued by Republic Bank & Trust Company, which is based in Louisville, KY and was founded in 1982. now = new Date(); Virtual cards can be used to make cashless payments (like online purchases) much in the same way a physical card would. but you may be able to use the Card for in-store purchase transactions. in electronic form. If you have a professional tax preparer, give them these Fee varies Per transfer. $2.50 per withdrawal, plus ATM owner fees, if any. Can you run a netspend card as credit? The Brink's Money Paycard Mobile App gives you the power to manage your account on the move. Earn one (1) point per dollar spent on signature purchase transactions (not including any applicable fees). location, and varies depending on location and amount of cash withdrawn. You can see a full range of options, including Automated Clearing House (ACH) Payments and MoneyGram, Visit any of the over 130,000 reload locations in the. 8. See the Cardholder Agreement for details. Brink's secures valuables around the world. When you activate your Brink's Money Prepaid Mastercard and verify your identity, you get more than a Card. availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction. 8. Getting a Mortgage With a Smaller Down Payment and No PMI. Brinks costs $39.99 to $49.99 a month, depending on which plan you choose. What Are the Differences Between Federal and Private Student Loans? Transfer of funds via ACH from your bank account at another financial institution to your Card Account. to fraud prevention restrictions at any time, with or without notice. After regularly featuring his credit card, credit monitoring and identity theft analysis on NextAdvisor.com, he joined the CreditCards.com and Bankrate.com teams as a staff writer to develop product reviews and comprehensive credit card guides focused on cash back, credit scores and card offers. You may also be charged a fee by the ATM operator. and have not been reviewed, approved or otherwise endorsed by any financial institution. It may be worth looking into another prepaid credit card with a more straightforward redemption option, such as cash back. IMPORTANT INFORMATION FOR OPENING A CARD ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, and record information ; No late fees or interest charges because this is not a credit card. These are variable rates and may change - 10 PM. Account program, Cardholder must consent to and continue receiving communications from us in electronic form. Features 10.0/10. $4.95 per transfer via Customer Service Agent. Plus, use your Brink's Money Prepaid Mastercard to transfer money to your friends or family who have a Brink's Card. Fee waivers and merchant offers have also been available in the past, so be sure to check your account every now and then for valuable opportunities. Brink's understands that time and money are valuable to you. How To Invoice International Clients Without Losing Money In Fees, Checking and Savings Accounts: How To Make Them Work Together, Compare Accounts Receivable Financing Reviews, 8 Creative Business Loan Types You Should Know About. 9. After three months of on-time payments, plus at least $100 of the CD loan paid back, you can apply for the Self credit card. The Brink's Company (NYSE:BCO) is the global leader in total cash management, route-based secure logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. transfers between Netspend Cardholders; a $4.95 fee applies to each such transfer conducted through a Brink's Customer Service agent. Is Refinancing Your Student Loan Worth It? Certain products and services may be licensed under U.S. Patent Nos. identity. Just make five (5) transactions of $5 or more on your Brink's Money Prepaid Mastercard.1, Card use subject to activation and identity verification.2. The Brink's Prepaid Mastercard is an opportunity for consumers to gain control of their finances and get paid up to two days faster 1 with direct deposit of your paychecks or government benefits.. The Brink's Prepaid Mastercard is an opportunity for consumers to gain control of their finances and get paid up to two days faster1with direct deposit of your paychecks or government benefits. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. You are always on the go. The Brink's Money Paycard Mobile App gives you the power to manage your account on the move. 5. Recommendation score measures the loyalty between a provider and a consumer. [2] Payback Rewards SM Hidden. Certain restrictions apply; see the program terms and conditions for full details, including point earning and Just direct deposit $500 or more in payroll or government benefits in a calendar month to your Card Account. this post may contain references to products from our partners. If your identity is partially verified, full use of the Card Account will Answer: It depends on the country where the card is issued. Use the Brink's Money Prepaid Mobile App to manage your Card Account on the go and enroll to get text message . But a debit card is an all-around better (and cheaper) starter card, if thats your concern, and there are a few checking accounts that reward spending like the Discover Cashback Debit Account. Cardholder may enroll in the Monthly Plan to pay a flat fee of $9.95 per Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Enroll in Direct Deposit to get yout paycheck or government benefits in your Card Account up to 2 days faster. Should You Use a HELOC to Pay Off Credit Card Debt? PayPal's prepaid MasterCard charges $4.95 per month for unlimited purchases. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard International Incorporated. if (theYear < 1900) theYear = theYear + 1900; If you choose the pay-as-you-go plan, itll be hard to maneuver without tripping over a fee. Securing cash and valuables since 1859. Bankrates editorial team writes on behalf of YOU the reader. $5.95 for processing and mailing of a return of funds check at Card Account closure. The Brink's Money Prepaid Mastercard is issued by Republic Bank & Trust Company pursuant to a license by Mastercard International Incorporated. However, it will not help you build credit and some online merchants don't accept prepaid cards. Get the app that helps make sure your money keeps up with you! Brink's Prepaid Mastercard charges a monthly fee of up to $9.95. (877) 788-9067, or click the link below and activate it online. If the Average Daily Balance is $1,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an Annual Percentage Yield (APY) of 5.00%. You can use your Brink's Money Prepaid Mastercard to pay for just about anything. January 21, 2022 by William Nelson A prepaid Mastercard can provide people without credit or debit cards a way to shop online. Intro Offer: Unlimited Cashback Match - only from Discover. Certain products and services may be licensed under U.S. Patent Nos. All products, logos, and company names are trademarks or registered trademarks of their respective holders. Netspend is the federally registered U.S. service mark of Netspend Corporation. However, if used correctly, it can be handy in a bind and help people financially establish themselves before graduating to checking accounts and secured credit cards. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. By signing up1 for a Brink's Money Prepaid Mastercard, you'll be able to control and manage your day-to-day money in a convenient way. On the other hand, the Brinks Prepaid card doesnt provide access to credit at all, just the ability to load the card with your money and swipe at payment terminals or use online. Netspend Corporation.All rights reserved worldwide. After qualifying, Monthly Plan products and services that empower unbanked consumers with the convenience to be self-banked. information from the IRS, visit https://www.irs.gov/refunds. At Bankrate we strive to help you make smarter financial decisions. ++During checkout, select "CREDIT" on the keypad to make a Signature Purchase, or select "DEBIT" and enter your PIN to make a PIN Purchase. 5 The Pay-As-You-Go Plan is the default Plan Fee on the Card Account. Brinks Prepaid Mastercard at Republic Bank & Trust Company's secure website PREPAID RATING 4.8 OVERALL RATING 3.7/5.0 Our Review Brink's gives you the peace of mind you deserve. * Find surcharge free ATMs. Percentage taken of total check amount. purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at Republic Bank & Trust Company will be aggregated up to the coverage limit, currently $250,000.00. You'll receive a Card in the mail within 7-10 business days. The card comes with a mobile app . transfer conducted through a Netspend Customer Service agent. Other prepaid cards like the Amex Serve Cash Back prepaid card may rake in more rewards and provide lower cost networks. Copyright 2023 SuperMoney, LLC. Surprisingly for a security brand, the Brinks card doesnt offer any of the additional account security features youll find with its Netspend cousins. Certain products and services may be licensed under U.S . If you need an account to start building a financial foundation, then the Self is a better option since it reports to the three credit bureaus and may improve your credit mix. person and may be one indicator to the credit type you are eligible for. Plan. See the Use of Card Account also subject to fraud Cash back rewards are credited to your Card Account and are not available in the form Bankrate has answers. (CT) Saturday - Sunday: 8 AM. The maximum allowable savings account balance is $5,000. Keep in mind that if you want access to credit quickly, the Self Credit Builder Account with Secured Visa is not the path you should take. 6 The $10 Purchase Cushion is not an extension of credit; it is a courtesy exercised at our discretion. - 8 PM. I mention reloading because it would be IMHO, the only reaso. 9. Greater of 2.0% of total check amount or $5.00 per check load. With Brink's Direct Deposit, you can get paid faster* than a paper check. Prepaid Debit Cards from, Please write a review to submit your vote, Compare Business Checking Accounts Reviews. Please contact them directly through their website (https://brinkshome.com) or their toll-free number (800-447-9239). Managing your money wherever, whenever. Brink's Business Expense. Use of the Card Account is subject to activation, ID verification, and funds availability. be restricted, but you may be able to use the Card for in-store purchase transactions.