With prepaid debit cards becoming such a huge business, it’s not a shock to see a huge player in the financial services industry get in the game. Western Union now has several options for prepaid debit cards, credit cards and even gift cards. The Western Union MoneyWise prepaid debit card is issued by MasterCard and can be used anywhere MasterCard is accepted. Some advantages of the MoneyWise card by Western Union is the peace of mind of never having to worry about an overdraft or NSF penalty as well as the freedom to use the account as if it was a regular bank account, without all the headaches.
With Western Union, your money is protected in the event it is lost or stolen with their zero liability policy. Users are able to track your balance and spending habits with their online account management system that even allows you to receive text messages when your account is running low.
Western Union Prepaid Debit Card Fees
This card has some of the lowest fees in the industry, which shows Western Union is serious about becoming a real player in this space, let take a closer look.
- Monthly Maintenance Fee- FREE
- Signature Purchase Transaction Fee- FREE
- PIN Purchase Transaction Fee- FREE
- Payroll Direct Deposit- FREE
- Automated Phone Customer Service- FREE
- Online Electronic Statements- FREE
- SMS Notifications (standard text messages may apply)- FREE
- Overdraft fee- FREE
- Bank to Card Transfer Fee- FREE
- ATM Withdrawal- $1.95
- Agent Location Cash Load Fee- $4.95
- Inactivity Fee (after 13 months of inactivity)- $2.50
- ATM balance Inquiry/Decline Fee- $0.45
Western Union has locations almost everywhere around the world. Making adding money to your card extremely convenient and fast. Almost every grocery store in the US has a Western Union Agent inside. Not to mention convenient stores, check cashing locations, and other financial institutions. Western Union does many things in the financial industry. Which means that they are not solely focused on getting your money with outrages fees and charges like some prepaid card companies on the market today. They have two different cards to choose from, the Western Union Moneywise Cards, and the Western Union Gold Card. Both cards have very similar features. The major difference between the two cards is that the Gold Card rewards its users by issuing “reward points” for every purchase. There is also no paper forms that need to be filled out and mailed in when applying for the Gold Card.