The Best Alternative: Account Now Prepaid Card

Posted by Jasmine A.

Home & Family

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Deposit Options: Direct Deposit, Money Gram, REloadit, Green Dot Money Pak, Western Union, and Visa Readylink (Visa Only)

Monthly Items	No Bank Account	AccountNow Gold Card	You Save
Cashing Your Paycheck Check cashing fees / Direct Deposit	$21.00	$0.00	$21.00
Paying Your Bills Checks/BillPayments/MoneyOrders	$38.97	$0.00	$38.97
Monthly Fee	$0.00	$9.95	($9.95)
ATM Fees Based on 3 withdrawals	No Access	$7.50	($7.50)
Monthly	$59.97	$17.45	$42.52

* Data Source: Reloadable Prepaid Card Analysis, by Bretton Woods, Inc., March 2011. Calculations based on Western Union and Ace Cash Express fees. Cheaper alternatives may be available. For instance, the USPS charges $1.10 each for Money Orders in the amount of $500 or less as of June 2011.