FaceCard Prepaid MasterCard - Review

Facecard prepaid MasterCard is a debit card. This means you must deposit money on it and then you can use it to make purchases.

To load it you must deposit $10 or more, with a maximum balance of $2500. You can load money through bank transfers and with their ACH network at no charge. Other methods are available but at a fee.

It is frequently used by parents to help teach financial responsibility to a child. Parents can access all of their childs' account information.

There is free activation and no monthly fees. There is a $1.50 ATM fee from Facecard plus the banks' ATM fee.

There is a maximum of $200 a day that can be withdrawn from the ATM. Additionally you can only load money; 2 times per day, 4 times per week, 10 times per month.

We mildly suggest this card because unless you wanting to monitor your childs' spending it doesn't provide many benefits.

Additionally this card can be used internationally; however I would not count on it in a financial emergency. This is because you can only withdraw $200 a day at the ATM.

It is issued by Meta Bank and as a MasterCard. It is accepted everywhere you see the MasterCard logo.

They do have one unique benefit if you go out to a restaurant and are short on money you card will still be approved. It will also approve you for an additional 20% so you can leave a tip.

The way they are able to offer no monthly charges fees, is because they will market offers to your cell phone. What this means is that you will get text messages from them telling you that you can save 10% at a specific retailer during a specific time.

In sum the Facecard does have some advantages, however because of their low ATM withdraw maximum of only $200 a day we suggest you have an additional card.

It is common for people to experience financial emergencies; additionally $200 is rarely enough money to cover that emergency. If you have a student away at college it is not enough money to pay for their textbooks.