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The Direct Express card is free of most fees, including monthly fees, transaction fees, and cash reload fees. Users also receive one free ATM withdrawal with each deposit to the card.
Pros. Cons. Can get a free debit card even if you don’t have good credit. Many prepaid cards come with fees such as activation fees, transaction fees, reload fees, withdrawal fees.
KOHO was founded in 2014 in Vancouver. [2] [3] In 2015, the project was launched, offering its services through their mobile app in beta. [4]The service's launch was announced for 2016 but was pushed back to 2017. [5]
Fees and Details. Card Purchase Fee. Free if bought online; up to $9.95 at retailers. Monthly Fee. Between $5 and $9.95 per month or $1.50 per transaction, depending on the plan
Unlike postpaid or contract based services, prepaid accounts can be obtained with cash. As a result, they can be established by people who have minimal identification or poor credit ratings. Minors, immigrants, students, defaulters, and those on low incomes are typical prepaid customers. In accounting terms, a prepayment is treated as an asset ...
In 2009, it issued the Curve MasterCard nationwide, so named for the distinctly curved shape of the lower right-hand corner of the card. [12] It had no annual fee and had a reward program that allowed cardholders to earn up to 3.5% cash back, based on the amount of eligible annual purchases made on their card.
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