What are the fees and costs for having and using a prepaid card?
There are many types of prepaid cards available for different purposes. You’ll see gift, travel and everyday money cards, to name but a few – and the services they provide are charged for in different ways. Compare the features and costs of similar types of prepaid cards to find the best deal for you. Some of the common fees and charges for prepaid cards: • Card application fee – to set up your account and provide you with a card. • Monthly service charge – this may entitle you to certain services such as a helpline or on-line service. • Card loading fee – to load more cash onto your prepaid card. This may vary depending on how you top up your card (if you load funds onto your card from a bank account, you may be charged a fee by your bank). • ATM withdrawal fee – there may be a charge for withdrawing money from an ATM (cash machine). A higher charge may apply when withdrawing money from ATMs abroad. You may also be able to use certain ATMs free of charge and/or make a limited number o
