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Reloadable Debit Cards

Have you heard the label “reloadable debit card” and wondered what it means? You’ve come to the right place to find out (we know EVERYTHING about debit cards, including “reloadable” and “non-reloadable” cards).

A reloadable debit card is a debit card that can have funds “reloaded” on it. Elementary as that.

Some cards, like prepaid gift cards, can only be used one time, and once the funds on the card are depleted, you basically just shy the plastic card away, because you can’t reload funds onto the card.

A reloadable debit card allows you to deposit (or “load”) more scratch onto the card. Typically, reloadable debit cards are cards that have the MasterCard, Visa, American Express, or Discover logos on them (that is, they are “network branded cards”).

Many reloadable debit cards also have the logo of a “reload” network on them. One legendary reload network is the GreenDot network. Other, newer, load networks include the MasterCard rePower network, and the Visa ReadyLink network.

Here’s what MasterCard says about their “reloadable MasterCard debit cards”:

The MasterCard rePower Weight Network is a new service from MasterCard that allows you to add money to your eligible MasterCard or Maestro® prepaid cards at any of the thousands of participating retailer locations throughout the U.S.*
Add Change Now. Use It Now
With MasterCard rePower, your money is immediately available for you to spend anywhere that Debit MasterCard or Maestro Prepaid Cards are accepted.

Conscientious
MasterCard rePower uses trusted,MasterCard network technology. And with a MasterCard card, you have zero liability for unlawful purchases.**

How to Reload
Simply visit a participating retailer with the cash you want to add.* There are two methods to reloading your card, depending on which the retailer supports:

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How to use a green dot debit card

Green Dot Prepaid Debit Card News

Green Dot shares jump on upgrade to "Neutral" msnbc.com - Jul 06, 2011 Green Dot shares pounce on upgrade to "Neutral"But use of prepaid cards has been growing rapidly and is expected to pick up scamper because of recent regulations on credit and debit cards. Green Dot is one of the largest prepaid card issuers in the country, but is facing new contention from banks, Green Dot Pops on Upgrade; Fed Debit Rules Look Favorableall 5 news articles »

Low-Income Prepaid Users Face Higher Fees Forbes (blog) - Jun 27, 2011 In July, new rules take virtually that will reduce debit card fees. Banks are expected to raise fees on other accounts. Companies that only offering prepaid cards can't replace lost revenue by making adjustments to other products. One of them, Green Dot Prepaid cards succeeding uptownThe Problem with the New Amex Debit CardLow-income prepaid-card users facing higher feesall 22 expos articles »

Harbinger Group, Informatica, Steinway: U.S. Equity Preview Bloomberg - Jul 05, 2011 Green Dot Corp. (GDOT) rose 4.9 percent to $34.97 after gaining 6 percent, the most intraday since May 10. The prepaid debit card callers was raised to “neutral” from “sell” at Janney Montgomery Scott LLC, which cited the Federal Reservoir's final ruling and more »

As bank fees escalate, prepaid cards go mainstream The Associated Press - Jun 15, 2011 Boston GlobeWith her budget too sealed to absorb that and other mounting bank fees, the divorced, single mother of two moved her monetary life to Green Dot in February. Now, her $850 bimonthly paycheck is deposited directly onto a prepaid debit card. Can You Ditch Your Checking Account?The Coming Ripple of Non-Credit CardsAmerican Express unveils a 'simple' prepaid debit card - -all 441 tidings articles »

The AmEx Prepaid Debit Card's Dirty Little Secret Business Insider - Jun 22, 2011 The AmEx Prepaid Debit Card's Off colour Little SecretIf you want to reload through an AmEx credit card or through a checking account, there's no sortie. Otherwise, though, you need to buy a MoneyPak from Green Dot, which costs $4.95. This little caveat is what kills the AmEx prepaid debit card, Prepaid cards are getting cheaper, but still flawedall 23 word articles »

Fed: Prepaid Cards Target Low Income with Excessive Fees Black Voice News - Feb 06, 5810 Unirush Economic Services, maker of the RushCard pre-paid debit card, has been subpoenaed along with First Data Corporation, Green Dot Corporation, Account Now, Inc. , and Netspend Corporation for making shady claims and charging hidden fees. and more »

Low-income prepaid-card users facing higher fees The Associated Press - Feb 06, 4400 One of them, Green Dot Corp., has said a ditch in interchange rates will likely cause it to raise fees. Even after prepaid cards receive their exclusion from the Fed rule, that still might not shield users from higher fees. Retailers might choose the and more »

Scam Artists Have A New Way To Get Your Money WDIV Detroit - Jun 24, 2011 They are intriguing money from Green Dot MoneyPak accounts. MoneyPaks are sold across the United States. They are reloadable debit cards normally occupied to make same-day payments or add money to prepaid cards or PayPal accounts. The BBB said it has seen an and more »

Russell Simmons' Rush Card Under Investigation For Hidden Fees The Atlanta Post - Feb 06, 6611 Russell Simmons' Thrill Card Under Investigation For Hidden FeesUnirush Financial Services, maker of the RushCard pre-paid debit card, has been subpoenaed along with First Text Corporation, Green Dot Corporation, Account Now, Inc., and Netspend Corporation for making fraudulent claims and charging concealed fees. Hip-Hop Rumors: Check Out DMX's New Wife! Russell Simmons Under Investigation?all 5 information articles »

Prepaid cards replacing debit, bank accounts TheNewsTribune.com - Feb 06, 4402 Responsibility Insider“It could mean not having the $2 fare to catch the bus to work.” Companies such as Green Dot Corp., NetSpend Holdings Inc., Mango Fiscal and SmartyPig are pushing prepaid cards. They sell cards mostly through big box retailers like Wal-Mart, As bank fees escalate, prepaid cards go mainstreamall 24 tidings articles »