Prepaid Debit Cards

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3 Reviews
  • Pros
  • No overdraft fees
  • No minimum balance
  • Monthly fee can be waived with $500 deposit
  • No fee money transfers to other Mango subscribers
  • Great savings account with high APY
  • Cons
  • ATM withdrawal fee
  • Fee for checking balance at ATMs

Mango Money Review

Master Card’s Mango money prepaid card is a great card with a money saving focus. A Mango Money savings account boasts high APY, as much as 6% which is, as they say, “45% higher than the industry average.” The best interest rates are reserved for those who set up direct deposit, if you don’t, you can still get a 2% APY which is still pretty high. If saving money is your goal this is a great card to consider.

There are no sign up fees, no customer support fees and no overdraft fees. There is a $3.00 monthly subscription fee but it can be waived if you have $500 deposit each month. There is a $1 fee when you check your balance at ATMs but it is free to look up online or on Mango’s handy mobile app. There is a $2 ATM withdrawal fee if you need cash off the card.

Verdict – Great

Mango is another great choice for prepaid debit cards, especially for saving money. It is also a great low fee option.

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User Reviews
06/15/2015 - 2:01 am NONE U WILL LOSE YOUR MONEY!! GAURANTEED

On 5/31/15 My account somehow was compromised and Mango allowed over $1200 in fraudulent purchases of gift certificates to process at a local mall by someone using a cloned card. $300 Aldos $300 Victoria Secret $200 $Sunglasses Hut $200 Hollister $200 Express (ALL WITHIN 24hrs and with NO RED FLAG!!?? REALLY MANGO?) After filing a dispute with Mangos dispute dept M.Powerlink and waiting for an entire week with no funds, I recieved an email today that they've concluded that the charges were valid, would not be returning my $1200 and that I would need to contact each vendor where the purchases were made and resolve the issues myself.(WHAT BANK DOES THIS)??? My direct deposit also went into my account today also and before my new card they supposedly issued me made it to my mailbox THEY CLOSE MY ACCOUNT ON PAYDAY WITH AN ADDITIONAL $800 IN IT!!!! THATS $2000 IN 1 WEEK!!!Stay away from this Card if you dont want to lose your hard earned $$$!! I learned the hard way, DO NOT TRUST PREPAID CARD COMPANIES! SUPPOSEDLY THIS IS ONE IF THE BEST BUT LOOK WHAT THEY DID TO ME ( A LOYAL CUSTOMER FOR 3YRS)!! I've contacted my Lawyer and have filed complaints with the Federal Trade Commission and BBB. SHAME ON YOU ROY SOSA and BERTRAND SOSA! I worked for my money and will not give up until my $2000 is returned to me!!

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04/01/2015 - 10:33 pm Free deposits $3 monthly charge

I have had a Mango prepaid card for about 6 months now and it is a very good card. It's great for everyone even if you have bad credit. You can make free deposits onto your card and your money is insured by the FDIC for up to $250,000, which gives great peace of mind. The only down side is the monthly charge of $3 and if you need to withdraw from an ATM it is $2, which is only a small amount but it can add up.

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01/20/2015 - 2:39 pm Never go over your limit Fees

I didn't really want to get a credit card and I have never had one, so my partner recommended I try a prepaid card. It is a great alternative to a credit card and it is great as you know you can never go over your limit. One complaint is there are too many fees, the monthly fee and withdrawl fees etc. That said I would still choose prepaid over a normal credit card and these are a great option for people who don't have many options.

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Latest Guides How Prepaid Debit Cards Can Help You Develop Sound Financial Behaviors How Prepaid Debit Cards Can Help You Develop Sound Financial Behaviors Building and sustaining good financial behaviors is the key towards developing a healthy future for your finances. A great way to do this is to use prepaid debit cards. How these … Money Management Tips To Help You Control Your Spending Money Management Tips To Help You Control Your Spending Realizing the effects of overspending usually doesn't occur overnight. Years of impulse buys and aspiring to live a life that is beyond reach are often cited as reasons why some … 3 Reasons Why You Should Use PrePaid Debit Card 3 Reasons Why You Should Use PrePaid Debit Card Prepaid debit cards have come a long way since they were first introduced. Initially, they were just another form of a gift card; however, now many providers have added features … Latest QA's How does a prepaid debit card work? Read Answer Are prepaid cards only for personal use? Read Answer What is the difference between a prepaid debit card and a regular debit card? Read Answer Write Your Review

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