Brinks Prepaid Card
Brinks is an organization that has generations of experience protecting financial resources. This experience is behind the Brinks prepaid MasterCard, which allows you to add a direct deposit and receive money up to 48 hours faster than other payment methods. There are no balance minimums on this card, no late fees, and funds are FDIC-insured.
Apply online and receive this prepaid card in 7-10 business days. Faster card delivery is available for an additional fee.
What Are the Benefits of the Brinks Prepaid MasterCard
For applicants who are not subject to IRS backup withholding, there is an option to open a savings account with the Brinks prepaid MasterCard. This savings account is offered through Bofi Federal Bank in a partnership with Brinks and offers a 5% APY, with interest being paid quarterly, as long as the balance is $1,000 or less.
Brinks offers a $10 purchase cushion as a courtesy to account holders as well. It is not considered an extension of credit and could create a negative balance on the card.
This MasterCard offers a Payback Rewards program for users as well. Reward offers are selected by Brinks based on user spending habits. It is an easy way to earn cash back on the items that you use every day without having your personal information shared with businesses.
What Are the Fees on the Brinks Prepaid MasterCard?
There are loading minimums required by Brinks for this prepaid MasterCard. The initial load must be at least $10. Additional minimums apply at the individual loading locations. Maximum loads may also apply to some consumers.
There are three card options available from Brinks and each has a unique fee structure. The Pay As You Go card offers no monthly fee, but signature purchases have a $1 fee and PIN transactions have a $2. The Monthly Fee plan is $9.95 per month, while the Preferred Fee Plan is $5 per month. To qualify for the preferred plan, a minimum of $500 in monthly scheduled direct deposits must be added to the card.
Accounts with no activity on them for 90 days qualify for account maintenance fees of $5.95 per month.