Six Prepaid Business Debit Cards That You Need To Know
Prepaid Debit Cards have increased among consumers. This allows you to load up your cards with an amount and withdraw only the loaded amount. Unlike other cards, there are no overdraft fees. Business owners are the biggest beneficiaries of these cards making financing of employees easier. With these cards, a business can limit merchants where the cards can be used. In addition, it will help in keeping the spending structure of the company.
This allows the company to reduce the overdraft charges as there is no chance of overdraft.
Below are Top Prepaid Business Debit Cards:
- BlueBird – BlueBird is one of the best-prepaid cards for business. It has the fewest fees compared to other cards while having only $2.50 for every withdrawal in ATM. Members can make direct deposits, pay utility bills and also has access to their app.
- AmericanExpress Serve – This prepaid card has no minimum balance and hidden charges. Charges you $2.50 for ATM withdrawal and a monthly fee of $1 in most states.
- Green Dot – This is a prepaid Visa card which charges are on higher side. Monthly fee of $5.95 in addition to standard $2.50 for ATM withdrawal. The highlights of this card are that it has zero direct deposit charge, free online payments and no transaction fees on purchases.
- Kaiku – The Kaiku charges $3 as monthly charges while slightly lower ATM withdrawal fees at $1.45. It allows mobile check deposits and comes up with its own Fund-o-meter feature tracking the expenses completed in a week and then compares with an average of 60 days.
- SilverCard Prepaid MasterCard – Activation fee of $9.95 and a monthly charge of $1.95. Direct Deposits are free with 24/7 tracking of your card online. Statements can be viewed online along with payment of bills and checking your balance. This also allows transferring money to Paypal for free.
- PEX Visa Business Prepaid Card – Activation fee of $49.95 with a monthly fee of $7.5, however, there is no ATM withdrawal fees. There are no overdraft charges while also keeping eye on employee expenditure online.
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