Easy Money Management With The AARP Foundation Prepaid MasterCard



 


One of the last things that anyone wants is to have difficulty managing their money. They want to be able to track it, view transactions, and they want to access their money freely without having to necessarily carry cash. The AARP Foundation Prepaid MasterCard from Green Dot gives the cardholder all of this.

There is no doubt that seniors are always looking for ways to better manage their money. They want to be able to track it, budget, and they need to be able to keep it safe. The AARP Foundation Prepaid MasterCard from Green Dot does all of those things for seniors looking to manage their money in a way that is different, safe, and allows them to have more control.

First, the card is free to apply for and the application process is simple. All you have to do is fill out a short online form with your basic personal and contact details. From there, you simply agree with the cardholder agreement and other conditions and you are on your way to receiving your free card.

Card Registration And Reloading

Once you receive your card, you are then able to register it online. This is the point where you will be able to deposit money onto it. You will also be able to start managing your account online so you can see how much money is on it each day. This will help you control your spending and always know how much money is in your account. You can also use your online account management screen to reload the card through a bank account. You can also reload your card through a Green Dot MoneyPak. The MoneyPak costs the same as the typical reload fee.

As for how the MoneyPak works, this is what you do: You go to a retailer that sells the MoneyPak. You pick up a MoneyPak card in the store. The cards are usually located around prepaid debit cards, gift cards, or they might be at or behind the register. Once you have a card or the cashier has retrieved one for you, you specify how much you want on the card. They then load the money on the MoneyPak. The amount that you will pay will be the amount you want to deposit plus the fee. From there, you will take the MoneyPak home and get online where you will be able to log into your account and input the MoneyPak number. When the number is entered, the amount of money is automatically added to the account. That is all you have to do.

The last way you can have your card reloaded is through direct deposit. You can have paychecks and your social security checks direct deposited. You can also have your tax return direct deposited. There are many individuals that use their Green Dot cards for their tax refunds to be deposited on because of the high direct deposit limit and the fact that it is free.

Limitations

Green Dot imposes cash deposit and direct deposit limits. This gives the cardholder a degree of security with the card by limiting how much of their funds they keep in one place. Many seniors use these cards to spread their money out a little more rather than keep it all in one place. The cash deposit limit is a very reasonable amount and it is the same as the maximum cash balance that can be placed on the card. However, the direct deposit limit is much higher and the deposit limit is the same as the direct deposit balance that can be had on the card.

It is also possible for card use to be limited if fraud is suspected. Green Dot reserves the right to restrict use if they believe that the card has been used by an unauthorized individual. You also have the ability to report the card lost or stolen within two days of you realizing it is missing. This can keep you from being liable for fraudulent charges. There are restrictions in this regard, such as fraudulent use being someone who uses the card without permission. Simply allowing someone to use the card and them charging more money than they were told to does not constitute fraud. Being overcharged also doesn't constitute fraud, as that is a situation that you have to handle with the retailer that overcharged you.

Fees

This AARP reloadable prepaid makes carrying your funds safer than if you carried the cash itself. If you lose cash, there is a chance that it will never be returned to you. If you lose the card, you can report it lost and have it replaced. There is a replacement card fee when you opt to have the card replaced.

There is also a monthly service fee. Although the card itself is free, this monthly service fee is charged each month around the same time of month you initially received the card. However, the fee is waived if you receive a direct deposit that totals a minimum amount, a certain dollar amount is loaded to the card, or there is a certain number of qualifying purchases posted to the card.

There is also an ATM fee if you use an ATM machine that is out of the network. The in-network machines are MoneyPass ATMs and there are thousands of them around the United States. You can login to your AARP reloadable prepaid card account and use the ATM locator to find these machines. While the ATM fee is just cents when used at an out-of-network ATM, it never hurts to save. Regardless of which ATM you use, however, there is still a charge by the ATM machine's owner.

The last fee is the foreign transaction fee. It is simply a small percentage of the transaction amount. This fee is charged per transaction.

Conclusion

The AARP Foundation Prepaid MasterCard from Green Dot is a way that seniors can effectively house their money and have easy access to it. Cash reload at tens of thousands of locations around the country and direct deposit are easy ways to load money onto the card and with a simple fee plan to accompany it.






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