Prepaid cards are an easy way to manage your expenses, as you preload a certain amount of money on the card before using it. Therefore, parents can take advantage of prepaid cards as they can help them spend their children’s money with a little less risk.
But sometimes the fees for prepaid cards outweigh the benefits. We reviewed nearly a dozen prepaid cards and found that it was not easy to limit our list to cards with monthly fees below $ 10.The Bluebird® Prepaid Card with American Express is an option with no monthly fee and a $ 0 fee when you open your card online (or up to $ 5 in stores). This card is suitable for families, as users can open separate cards in the same account, called subaccounts, for their children over 13 years old. There is also an easy-to-use mobile app to help parents manage family expenses.
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The Bluebird card, offered by American Express, is an FDIC-insured prepaid debit card with almost no fees. It acts almost like a checking account, making it a useful substitute for consumers who don’t have a bank account. And even if you have a bank account, the money management tools that support Bluebird families can still be attractive.
Better for:• Families who want children to learn to save or budget in an account linked to parents. “• People who want a payment card that won’t allow them to go negative or charge overdraft fees.• Those who have had a hard time finding a bank account and need a low fee alternative.
Sing up for Bluebird Prepaid Card
Thousands and points that people quickly accumulate in a Bluebird account because they can buy gift cards and deposit the balances of those gift cards in this account, and then pay their bills with it.
One person per person
Everyone can only have one Bluebird, REDbird or Serve account. You can’t even have Bluebird and REDbird alone, for example. All you have to do is choose one. And, if you are satisfied with the increase in credit card expenses of $ 5,000 per month, one card is enough.
How to open an American Express Bluebird account?
• Register American Express Bluebird now
• A new window will appear.
• Enter your basic information: name, address, phone number
• Next comes the vital account information:• Choose a username
• Enter your email address, date of birth, social security number
• Create a password and a pin
• Choose a security question and answer, in case you lose a password or PIN
• Click Submit and your account will be created.
How to add money to your card
Refill cash to your Bluebird card for free at Walmart, or pay a fee of up to $ 3.95 at retailers including CVS Pharmacy, Walgreens, Duane Reade, Dollar General, and participating 7-Eleven sites. Users can send money to other Bluebird debit account holders at no cost online and through the app.
Mobile check deposits are also available through the app. Direct deposit cardholders can set up their employer paychecks and can get faster access to funds than checks normally deposited at the bank. With the subaccounts feature, primary users can transfer money to up to four users on the same plan. (All deposits in subaccounts must go through the main account). There is a maximum balance of $ 100,000 for the Bluebird card.
Bluebird does not charge foreign transaction fees, monthly fees, or inactivity fees. There is a fee of up to $ 5 when you open the card in stores (fees vary by retailer), but there is no fee to open a card online. There are no fees to withdraw money from one of the 30,000 MoneyPass® ATMs, just a $ 2.50 fee for using an out-of-network ATM (in addition to the ATM operator fee).
If you send money using Bluebird2Walmart, fees range from $ 4 for transfers up to $ 50 to $ 16 for transfers up to $ 2,500.
Bluebird Prepaid Card Benefits
• No monthly purchase or transaction fees.
• Some free ways to add money to the card, including direct deposit, transfers from a linked debit card or external bank account, mobile check deposits, and money reloading in Walmart programs.
• Extensive free ATM network of more than 30,000 MoneyPass ATMs.
• It comes with valuable services and services that are rare for prepaid cards, such as check writing, low balance alert alerts, and family American Express subaccounts.
Bluebird Prepaid Card Drawbacks
• Retailers do not allow refunds.
• Most cash withdrawal methods involve fees, including $ 2.50 for non-MoneyPass ATM withdrawals.
• A sharp 1% to 5% fee for clearing mobile checks on the same day; the free option takes 10 days to process.
Awards and benefits
Users can send money to anyone over the age of 18 using the Bluebird2Walmart money transfer service, powered by Ria and available online or in the Bluebird app. The system generates a reference number that the recipient uses to collect the money at participating Walmart in the United States and Puerto Rico (they do not require a Bluebird account).
The Bluebird card comes with the ability to easily connect up to four subaccounts and share money between family members.
Bluebird’s easy-to-use mobile app sends notifications that alert you to your available balance (including low balance alerts) and gives users the ability to freeze / deactivate a lost or stolen card (please note if you do not freeze or replace your card (The card will automatically open after seven days.)
• Add money – Once members sign up and receive their personalized Bluebird card, funds can be loaded online through a bank account such as a checking or savings account, debit cards, direct deposit, send a check to American Express, add a check loading smartphones and cash at Walmart programs. The total balance limit for the Bluebird account is $ 100,000 each year.
• Make Purchases: The Bluebird card can be used for purchases at millions of places where American Express credit and debit cards are accepted, in the United States and internationally.
• Pay bills: Bluebird account holders can pay bills to any person or business in the United States, online or with the Bluebird mobile app.
• Create Subaccounts: Bluebird gives your account holders the ability to create, manage, and specify subaccounts for their friends, family, or colleagues. Members can create up to four subaccounts, all linked to a Bluebird master account, and allow the account holder to set spending limits, set up text / email alerts, and enable key features like disabling ATM access.
• Transactions through the Bluebird mobile app: The Bluebird mobile app is free and available on any iPhone and Android phone. Once installed, Bluebird account holders can send and receive money, view transactions, add money, and manage their subaccounts.
• Get access to cash: Bluebird users can use their Bluebird card for ATM withdrawals anywhere in the world that accepts American Express credit and debit cards. Direct deposit registered Bluebird account holders can access cash at no charge or surcharge through the MoneyPass network, which has 22,000 ATMs nationwide.
• Initiate Bluebird to Bluebird Transfers: Instant person-to-person (P2P) money transfers to other Bluebird users can be done online or via the Bluebird mobile app.
• Money Management Tool Settings – Online management tools provide complete controls and transparency on how a Bluebird account is used. Online or via the mobile app, users can:
• View transaction history in real time and monitor expenses.
• Receive alerts by email or text messages.
• Disable / enable access to ATMs (master accounts only).
• Find out about your balance 24 hours a day, 7 days a week.
• Reload funds automatically.
Prepaid cards are a reasonable option for parents who want to give their children a card without worrying about high credit card balances. Free monthly rate options like Bluebird® with American Express are even better for families looking to stay on a budget.