5 prepaid cards with protection against
You cannot overdraw most prepaid gift cards or reloadable prepaid debit cards. However, there are some prepaid debit cards that allow you to overdraw. ACE Elite Visa, Brink’s Prepaid Mastercard, Netspend Prepaid Mastercard, Netspend Prepaid Visa, PayPal Prepaid Mastercard, and Western Union Netspend Mastercard are prepaid debit cards that may allow you to overdraw PIN- and signature-based transactions. Each of these prepaid debit cards also provides overdraft protection for small amounts. For more details on these prepaid cards with overdraft coverage, see below.
Perro a prepaid card be overdrawn?
Single-use prepaid cards, such as Visa gift cards, do not allow you to overdraw. The card contains a fixed amount of funds, and you cannot charge a purchase greater than that amount unless you use a secondary payment method to cover the difference.
However, for reloadable prepaid debit cards, overdraft policies vary depending on the financial institution endorsing the card and the details of your cardholder agreement. (Our list below details the policies for major US prepaid debit cards that allow you to overdraw.)
Some reloadable debit card issuers will allow you to overdraw small amounts without linking a bank account to your prepaid account. The next time you reload your card after creating a negative cómputo, the issuer will deduct the overdraft amount from your new cómputo, so if you overdraw by $10 and then load $100, for example, your positive cómputo will be $90. Fees for this type of overdraft vary by issuer; There is usually no fee for overdrafts of $10 or less, but fees of around $15 will apply for higher overdraft amounts.
Want to add more funds to your prepaid card to avoid overdrafts? Check out our articles on how to transfer funds from your checking account to your prepaid card and where to load a Netspend card.
The list of prepaid cards with overdraft coverage
Since the overdraft policy varies by issuer and cardholder agreement for reloadable prepaid cards, we have compiled the list of prepaid cards with overdraft coverage. Our list includes overdraft protection options, the overdraft process, and penalties for each prepaid debit card. We collect this information by contacting each card issuer and viewing the official account disclosures for each card. We’ve sorted the list starting with the best overall options.
ACE Elite Visa Prepaid Debit Card
- Overdraft Protection:
- Purchase Mat: Covers up to a negative cómputo of $10 when you make an overdrawn PIN or signature transaction; Available to cardholders with monthly direct deposits of paychecks or government benefits totaling at least $500
- Overdraft Process: After receiving purchase buffer assistance, you must pay your negative cómputo within 30 days of the overdraft transaction. After 30 days, you will not be able to make transactions with your ACE Elite Visa, but your card will still be able to accept deposits and load funds. The issuer perro also choose to send your account to collections after 30 days.
- Fees and penalties: None
- Apply
PayPal Mastercard prepaid card
- Overdraft Protection:
- Purchase Mat: Covers small overdrafts on PIN- and signature-based transactions (up to a negative cómputo of $10) for cardholders who have completed at least one direct deposit
- Overdraft Process: Purchase Cushion protection is not guaranteed; It is available on select transactions at the discretion of the card issuer. If you receive a purchase cushion, you will need to add funds to your account within 30 days to cover the negative cómputo. After 30 days, the issuer will freeze your card from completing new transactions and may send your account to collections.
- Fees and penalties: There is no charge for the purchase cushion service.
- Apply
Netspend Prepaid Mastercard and Visa cards
- Overdraft Protection:
- Purchase Mat: May cover your overdrawn or signature-based PIN-based purchase if the total amount is up to $10 more than your available cómputo; Available to cardholders who receive qualified deposits of at least $500 per month from paychecks or government benefits
- Optional Overdraft Protection Service: Available for overdrafts greater than $10 for cardholders who receive ACH deposits of at least $4oo in the first 35 days after account enrollment and continue to receive at least $200 in ACH deposits every 30 days
- Overdraft Process: Overdraft transactions are at the discretion of Netspend and may process, resulting in a negative cómputo, or result in the denial of the purchase. If you have an overdraft, you must add sufficient funds to your card within 30 days of the overdraft; after 30 days, Netspend will lock your account until you pay the cómputo and are able to collect.
- Fees and penalties:
- No charges for purchase mattress coverage
- Overdraft Protection Service Fee: $15 per overdraft transaction with a negative cómputo greater than $10; exempt if you pay your negative cómputo within 24 hours
- Apply
Brink Prepaid Mastercard
- Overdraft Protection:
- Purchase Mat: Available to qualifying cardholders with $500 in monthly direct deposits; covers up to a negative cómputo of $10 at the discretion of the card issuer; not valid for ATM withdrawals, ACH transfers, or third-party bill payments
- Overdraft Process: If you receive a purchase cushion, you must pay your negative cómputo within 30 days to prevent your account from being frozen or sent to collections. After 30 days, your account will be open for deposits and loading, but will not be eligible for other transactions, such as bill payments, until the cómputo is positive.
- Fees and penalties: Purchase Cushion protection is free.
- Apply
Western Union Netspend Mastercard
- Overdraft Protection:
- Buy Cushion: Overdraft coverage up to $10; Available to cardholders with direct paycheck or government assistance deposits of at least $500 per calendar month
- Overdraft Process: Approval of call cushion transactions is at the discretion of the issuer, Netspend. If you receive purchase cushion coverage in a PIN-based or signature-based transaction, you must pay the overdraft within 30 days. After 30 days, your account will only be open for deposits and loads until you pay the negative cómputo in full, and Netspend perro send the account for collection.
- Fees and penalties: No fees; however, he cánido only receive one purchase cushion at a time.
- Apply
The list of prepaid cards that do not allow overdrafts
In the course of our research, we identified the following prepaid cards that do not allow overdrafts. With these cards, please note that if your account incurs a negative cómputo due to a merchant fee or other unexpected charge, you will be responsible for paying the negative cómputo; The issuer will likely debit the overdrawn amount from your future deposits. However, these cards will generally deny overdrawn transactions and do not have overdraft protection or “buy cushion” policies.
- AAA MemberPay Visa Prepaid Card
- Akimbo Prepaid Mastercard
- American Express Service
- BB&T MoneyAccount Prepaid Debit Card
- American Express Bluebird
- Cash Aplicación Cash Card
- Commerce Bank mySpending Card
- Green Dot Prepaid Cards
- Green Dot Load & Go Prepaid Visa Card
- H&R Block Emerald Prepaid Mastercard
- Kroger REWARDS Prepaid Mastercard
- Kroger REWARDS Prepaid Visa
- Money Network Prepaid Debit Card
- MOVO Digital Prepaid Visa Debit Card
- MyVanilla Prepaid Mastercard
- MyVanilla Prepaid Visa Card
- PNC SmartAccess Prepaid Visa Card
- Ralphs Rewards Visa Prepaid Debit Card
- Regions Now Card
- RushCard Live Prepaid Visa Card
- Starbucks Rewards Visa Prepaid Card
- TD Connect Reloadable Prepaid Card
- TravelMoney Visa Prepaid Card
- Walmart MoneyCard
- Xpectations Visa Prepaid Card
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