7 Good Direct Deposit Alternatives

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As opportunities to work from home and make money online grow, so does the need to protect your personal bank account information.  Prepaid debit cards are great direct deposit alternatives to using your personal bank account online.

What was once considered as a poor substitute for traditional bank and credit cards, many prepaid debit cards offer many of the same features as a regular bank account.

Many banks and well-established financial institutions now offer re-loadable prepaid debit cards. Most of these direct deposit alternatives can be ordered online. You can also pick them up at your local bank branch. Many are available at big retailers and convenience stores.

There are hundreds of cards to choose from. The key to  using prepaid cards as bank alternatives, is to choose a card that is free or  doesn’t charge a lot of fees.

 

prepaid cards

7 Direct Deposit Alternatives

Here’s a list of 7 free or low cost cards that you may want to consider as direct deposit alternatives. 

Kaiku Prepaid Visa – issued by Bancorp Bank. Fees: charges $3 monthly, waived if $750 is loaded via direct deposit.  Load limit: $15,000.

Features:

  • Free text alerts
  • Mobile check deposit
  • Card to card transfers
  • Transfer funds from your personal bank
  • PayPal and Amazon payment accounts
  • Bill payment services

Akimbo Prepaid Visa – issued by Sunrise Bank. Fees: $0. Load limit: $15,000.  Features:

  • Free text alerts
  • Mobile check deposit
  • Card to card transfers
  • Transfer funds from your personal bank account

American Express Bluebird – issued by American Express. Fees: $0. Load limit: $100,000.

Features:

  • Free text alerts
  • Mobile check deposit
  • Card to card transfers
  • Transfer funds from your personal bank account
  • Bill payment services
  • Companion savings account

Card.com Prepaid Mastercard – issued by Bancorp Bank. Fees: $5.95 monthly, waived if $800 is loaded via direct deposit. Load limit: $15,000.   

Features:

  • Free text alerts
  • Mobile check deposit
  • Card to card transfers
  • Transfer funds from your personal bank and PayPal accounts

PayPal Prepaid Mastercardissued by Bancorp Bank. Fees: $4.95 monthly fee.  Load limit: $15,000.    

Features:

  • Free text alerts
  • Card to card transfers
  • Transfer funds from your personal bank and PayPal accounts

Bento Prepaid Mastercard – issued by Sutton Bank. Fees: $0 for free plan. Load limit: None.

Features:

  • Free text alerts
  • Mobile check deposit
  • Card to card transfers
  • Transfer funds from your personal bank account

Regions Nowissued by Regions Bank. Fees: $5 monthly, waived if $500 is loaded via direct deposit. Load limit: $7,500.  

Features:

  • Free text alerts
  • Mobile check deposit
  • Card to card transfers
  • Transfer funds from your personal bank account
  • Companion savings account

 protecting your moneyJust as with traditional bank cards, direct deposit alternatives that are issued by major banks or financial institutions are covered under FDIC insurance for up to $250,000.

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