Rules and Fees of AccountNow Prepaid Debit Card


AccountNow Prepaid Debit card is a flexible way to manage your money. It offers you better proposition than ordinary bank accounts and saves you a lot of money in terms of processing fee, overdrafts, fines etc. For getting an AccountNow Prepaid Debit card, you need to start with a small form that asks you for your details. This also includes some of your personal details like social security number for one-time verification and physical address for delivery of the card.

There is no activation or signing fee on your AccountNow card and you also do not need to maintain a minimum balance on it. There is a small setup fee of $4.95 only on the Classic card and the Gold card is offered free of cost. As it is a debit card, you spend what you load in your account and hence there are no overdrafts as well. As regular maintenance of your account is not required, you are not liable to pay any low balance fine but you sure get a bonus if you deposit money in your account regularly.

For loading money in your account, you can either go direct or deposit cash. Fill an easy form and hand it to your employer or the benefits department for charge free direct deposit. Two consecutive direct deposits make you eligible for a $25 bonus. For depositing cash, there are many load networks like MoneyGram, Western Union which charge a minimal fee and upload your money instantly. There is a daily cap of $6,000 or $7,500 on direct deposit and $1,500(approx.) for cash deposits. These options are far better than waiting in lines for cashing checks and paying a hefty processing fee.

One has to be a minimum of fourteen years of age for availing an AccountNow Prepaid Debit card. This means you can also let your kids manage their finances easily. With this, you can get free monthly online statements to track where you spent your money. This system is similar to your checking account but it still offers more and deducts less from your account.