Capital One PrePaid MasterCard - Personal Product Testimony
Disclaimer: No endorsement or compensation was given for reviewing this product.
There are many of us out there that unfortunately do not have the convenience of a bank account and have to resort to signing for up for a prepaid card in order to receive and access your funds without a bank.
If you are in the market for a prepaid debit card, I call tell about my experience having and using the Capital One Prepaid MasterCard. I signed up on their website on January, 2010, and within 7 to 10 business days my card had arrived in the mail. They do not perform a credit check, but they do require that you provide your social security number for identification purposes after the attacks of September 11, 2001 and the anti-terror laws passed since.
Unlike other cards, this debit card does not charge for using it; especially as a debit/PIN at the point of sale. It was my intention to close the prepaid card account after cleaning up my name with Chex Systems and opening a bank account, which issued a bank card, but have actually decided to keep it. Unlike my bank debit card, the Capital One prepaid card does NOT charge for making debit, or PIN transactions, like my bankcard does.
I also love the fact that if there is a problem with my card, calling the customer service number on the back of the card anytime 24 hours a day, 7 days a week, does not charge me either. Being that this card is also re-loadable, it comes with both a routing and account numbers for direct deposit from an employer, or government payments, for free! Rest assure that there are not any overdraft fees associated with the card, so you only spend what you have available in your balance. Their schedule of fees is very transparent and with no hidden surprises: https://www.mycapitaloneprepaid.com/acct/getContent.php?nm=MDAxNvrD0g5v820zz7qC0JrZSMwK&ls=cap1
Here is the link to their website and direct sign-up. I was not endorsed by Capital One at all for writing this review. I just wanted to share my experience with them as a fellow consumer.