Getting a debit card online: how, where and what for?

18 July 2016

If you prefer making payments with a debit card to avoid credit history checks and overspending, don’t waste your time going to a bank – in today’s digital world, there are plenty of ways to get a debit card online. Just find a suitable offer, fill in an application form or create an account, and get a debit card delivered right to your door.

Typically, you can find two types of debit card offers: traditional debit cards from banks and pre-paid debit cards from online financial institutions. The difference is that a traditional debit card is linked to your checking or savings account, while a prepaid debit card doesn’t need one – you can load your money directly onto it.

If you don’t want to open a banking account, consider getting a general-purpose reloadable prepaid card. It usually has a MasterCard or Visa logo on it, so you can pay for your purchases online and offline as you would with an old-fashioned Visa or MasterCard. The prepaid card market is constantly growing with more and more payment processors entering this field:

SkrillSkrill offers a pre-paid Skrill MasterCard card available in USD, EUR, PLN, and GBP. The purchase fee is 10 EUR, the yearly maintenance fee is also 10 EUR. The card will be active for 3 years. The daily limit for shopping is 1,000 EUR/24h. The cash withdrawal fee is 1.75% of the withdrawal amount, with the limit of 250 EUR for ATM transactions and 1000 EUR for online or POS transactions. In case of fraudulent charges, Skrill will refund your account within 10 business days.

 

ADVcashADVcash offers a plastic/virtual MasterCard card in USD or EUR. You can order it for $4.99 (or $14.99 after 7 days). There is no monthly or annual account maintenance fee associated with the card. You can load up to $3,000 per day on your card. As for ATM withdrawals, the monthly limit is $90,000, the daily limit – $3,000.

 

PayoneerPayoneer comes with a pre-paid MasterCard card whose annual maintenance fee is $29.95, card replacement fee – $12.95.  The service doesn’t limit the amount that you can receive from official paying partners or via the US Payment Service. If you want to withdraw your money, you will need to pay $3.15 per transaction, and if your transaction is declined, the ATM decline fee is $1.00. The cash withdrawal limits may vary depending on what type of account you have, but for security reasons, it is not allowed to make more than $5,000 in any types of transactions.

 

Moneypolo LogoMoneypolo issues prepaid chip-based VISA and MasterCard cards in USD, EUR, and GBP valid for three years. The application fee is $19.99, but there is no maintenance fee.  Your maximum balance should not be over $20,000. If you want to load your card via a bank transfer, you will need to pay $3 per transaction. The bank also offers a MoneyPolo MasterCard card in USD without any maintenance fee or online transaction fee. This card is valid for 2 years, and you can open it with just $10.00. The maximum ATM withdrawal amount is $2,000 (you can make up to 7 transactions per day).

 

NetellerNeteller offers a Net+ prepaid card, either with a Visa or MasterCard logo on it. The monthly account administration fee is $2.99; the foreign exchange fee is 2.95%. If you want to receive a paper statement, you will need to pay $3.00. You can make two ATM withdrawals up to $500  per 24 hours, the cash withdrawal fee is 1.75%.

 

Green_Dot_Mobile_largeGreendot has a family of reloadable MasterCard and Visa debit cards. The Green Dot Reloadable Prepaid MasterCard and Visa cards come without any maintenance fee if you load $1,000 or more in the previous monthly period – otherwise, you will need to pay up to $7.95 per month. The reload fee is $4.95, the cash withdrawal fee is $2.50 (you may withdraw up to $400 per day). If you opt for a Green Dot Cash Back Visa debit card, you can earn 5% cash back on your purchases, up to $100 annually. However, this card charges a $9.95 monthly maintenance fee and a $4.95 reload fee.

 

Worldcore LogoWorldcore comes with a Worldcore Ultimate MasterCard card offered in USD, EUR, and GBP.  The card issuance fee is $20, the foreign transaction fee is 3%, the top-up fee is $0.99 per transaction. The daily ATM withdrawal limit is $ 4,000. If you want to get your debit card as soon as possible, you can order its expedited shipping for $75.

 

If you prefer a traditional approach involving getting a debit card from a popular bank, you need to open a checking or savings account fist. You should carefully consider all possible features you may need – since it’s you who offer banks your money, don’t be afraid to be picky. Here are some offers to consider  (some features may differ among geographic locations):

Capital OneCapital One offers to open a 360 Checking account – no minimum deposit required, no monthly service fee charged. If you have $0 – $49,999.99 on your balance, your interest rate is 0.20%. The offer includes a free debit card linked to your account. Beware – if the bank declines your check due to insufficient funds in your account, you will need to pay $9.

 

Citi offers four financial packages – CitigoldAccount, CitibankAccount, Basic Banking, Access Account. The minimum opening deposit is also $0. Citi is famous for its rewards programs – you can earn ThankYou Rewards for your banking operations. As for the CitigoldAccount, the monthly service fee is $30 – unless the combined average monthly balance of your linked accounts is $50,000 or more. If you balance is less than $25,000, the interest rate is 0.03%.

 

ChaseChase, a commercial banking brand of JP Morgan Chase & Co, offers four types of checking accounts – Chase Total Checking, Chase Premier Plus Checking, Chase Premier Platinum Checking, and Chase HighSchool Checking/Chase College Checking. Each of them supposes that you’ll get a chip-based Chase debit card linked to it. The interest rates are quite low, for example, with the first type of account you will get just 0.01%. The minimum deposit is $25-$100 depending on what type of account you have.

Whatever card you prefer, you will need to create an account or fill in an application form online. Traditional online banks require more paperwork – you will need to provide your social security number and a valid form of identification. If you are a new customer, you may need to have your ID verified electronically.

When your application is approved, the bank or payment processor will mail you a debit card to the address stated in the application form. You will also receive a Personal Identification Number (PIN) allowing you to use the card offline or at ATMs. Typically, there are three ways to activate your new card: you can call the toll-free number stated on the debit card, make a purchase using your PIN or activate your card online in your account.

If you need a debit card that you may use online only – without the need to withdraw money at ATMs and pay high withdrawal fees, you can apply for a virtual debit card online. It represents a unique number linked to your account or another card.

EntroPayEntroPay offers to create (or to destroy) an EntroPay Virtual Visa card for free, but you will need to pay 4.95% for loading your virtual card from a personal credit/debit card or 1.95% for receiving funds from a merchant.

 

ADVcashADVcash comes with an Advanced Cash virtual MasterCard card available for just 1 USD or 1 EUR. The card is valid for 3 years and has no POS transactions fee or annual fee. You can instantly load money to your virtual card from your account on the site or from other accounts.

 

WorldcoreWorldcore offers a virtual debit card that you can load directly from your Worldcore payment account. The opening card fee is $5, the foreign transaction fee is 3%, the tot up fee is $0.99 per transaction.

 

Apply for a debit card online, and just in a few days it will be in your pocket.  However, it’s not enough to find a good offer, you also need to be careful after getting a debit card. Technology and online banking are your best friends – keep an eye on your balance, make instant money deposits, view your monthly statements online – now you can do it anytime and anywhere.

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