The Facecard MasterCard is a prepaid debit card. Before you can use it to make purchases, you must first deposit money onto the card.

To load your card you must deposit $10 or more, with a maximum balance of $2500. You can load money through bank transfers and with their ach network at no charge. Other methods are available but at a fee.

Many parents use this card to teach financial responsibility to a child because they can access all of their childs account information.

There is free activation and no monthly fees. There is a $1.50 ATM fee from Facecard plus the banks ATM fee. There is a maximum of $200 a day that can be withdrawn from the ATM.

Additionally you can only load money; 2 times per day, 4 times per week, 10 times per month. We mildly suggest this card because unless you wanting to monitor your child’s spending it doesn’t provide many benefits.

This card may be used outside of the United States, but because of the $200 daily limit, it should not be counted on in a financial emergency.

This is a MasterCard that issued by Meta Bank, so you may use it wherever MasterCard is accepted.

There is one unique benefit to the card: at a restaurant, if you are short of money, you still will be approved for the total, plus an additional 20% for a tip.

The way the Facecard is able to offer no monthly charges is, because they will market offers to your cell phone. What this means is that you will get text message from them telling you that you can save 10% at a specific retailer during a specific time.

The Facecard is not without its advantages, but because of the low $200 daily ATM withdrawal maximum, we recommend that you do not use this as your only card.

People often experience financial emergencies and most of the time, $200 is not enough to cover such an emergency. For example, $200 is not enough money to pay for textbooks for your child who is away at college.

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