The concept of prepaid debit cards with mobile check deposits is not a myth. At first glance, prepaid debit cards appear to offer fewer features and benefits than regular checking accounts. But the evolution of these types of payment cards is now real and however, ongoing.
Prepaid cards can be tricky to manage, especially when it comes to loading money onto them. If you or any of your friends or family members have secretly desired a prepaid card that enables you to deposit paychecks with your phone, you finally have options. You can deposit a check to your prepaid card using an Android or iOS app offered by several prepaid card issuers. In order to complete your deposit, all you will have to do is snap a picture of the check. You will then have to enter check information, such as the amount, within the app. Here I am listing to mention some of the apps & prepaid card available in the market that can help you with mobile check cashing for prepaid card loading.
What is Mobile Check Cashing?
Mobile check cashing lets you cash your checks on your schedule, no matter where you are, without having to go to an ATM. You just need a smartphone, an internet connection, and the right app. You can download the apps that support mobile check cashing from the Play Store.
What is Prepaid Card Loading?
Prepaid debit cards have more flexibility and features than bank cards. The process of loading cash or cashing a check onto your prepaid card is called prepaid card loading. People call them everyday cards because they’re portable plastic cards, and you can carry your money around. In contrast to credit cards, prepaid cards let you spend your money instead of borrowing it. Prepaid card loading means you top up your card when the money on it runs out.
What is Mobile Check Deposit?
Mobile check deposit refers to a digital tool that allows you to deposit a check with a smartphone or other mobile device. It may be convenient to reload cash this way if you don’t want to go to a bank or branch to reload cash. Using your smartphone, take a picture of your check’s front and back and upload it to your account. Depositing a check on your phone is similar to traditional deposit methods, such as signing the check and verifying the amount. It takes 24 to 48 hours to proceed. For those with only prepaid cards, mobile check deposit may be the most convenient way to deposit personal, government, payroll, and other checks.
Is It Possible To Cashing or Deposit A Third-party Check On A Prepaid Card?
In most cases, prepaid cards do not require bank accounts to be linked to them. The prepaid debit card differs quite a bit from a bank account. If necessary, the company may partner with a third-party bank to provide banking services, including direct deposit and mobile check upload. A third-party check is an unpayable check endorsed for cashing or deposit by the person who endorses it to you. Ensure that you know what the issuing company’s policies are regarding third-party checks and to whom they should be made out. Generally, both you and the endorser must sign the check.
Mobile Check Cashing App For Prepaid Card Loading
Today, most banks have apps that let people cash their checks without going to the bank. In case your bank doesn’t have an app yet, you can still cash a check online for prepaid card loading with any of these mobile check cashing apps. They are as follows:
1. Ingo Money App
Ingo Money mobile App lets you load a check onto your prepaid card even if your prepaid card doesn’t have a mobile check deposit. A lot of prepaid cards accept Ingo Money.
When you deposit a check into your prepaid card, Ingo Money will process the funds within 10 days for free. You can also buy an Amazon gift card this way.
You’ll have to pay a fee if you want your money fast. For payroll and government checks, Ingo charges 2%, and for other accepted checks, it charges 5%, with a $5 minimum. For a slightly lower fee, you can be an Ingo Gold member if you use Ingo’s fast check deposit frequently. You get 1% off payroll and government checks and 4% off all other checks if you deposit six or more in 90 days. But the minimum fee is still $5 per check.
It’s expensive to use Ingo’s rapid processing, especially for small checks. However, if you can wait for 10-day processing, this can be a good load option. Ingo Money is available on both Android and iOS.
2. Lodefast Check Cashing App
A check-cashing mobile app that allows you to deposit checks directly into your bank account is the Lodefast Check Cashing App. No matter where you are, you can cash your check with your phone.
Compared to apps tied to specific banks, Lodefast is more flexible, but you’ll pay a 3 to 5% processing fee for each check you cash.
3. ACE Flare
You can deposit checks to an eligible ACE debit card or prepaid card through the ACE Flare Mobile App. You can also connect ACE to PayPal or another bank account to send money. There’s no fee for the app, but the deposit may take a week or longer. If you want an immediate deposit, you can pay a fee.
4. PayPal
Spending and receiving money with PayPal is easy for businesses and individuals. PayPal’s app lets you deposit checks into your PayPal account using Cash a Check. It’s great for small businesses, but it’s also great for personal payments. Your financial information isn’t shared when you use a PayPal account. You can pay a small fee for an immediate deposit, but there’s a 10-day waiting period for free deposits.
6. The Check Cashing Store
Check Cashing Stores are big chains that do exactly what their name implies: they cash checks. It offers mobile checking through its app in addition to brick-and-mortar locations. The Check Cashing Store has a lot of physical locations you can visit if you have trouble using the app, unlike many other apps.
You won’t find a fee schedule for the app on the Checking Cashing Store’s website, so if you use it, track your fees carefully and compare them to other apps.
Prepaid Debit Card With Mobile Check Deposit
A prepaid debit card with a mobile check deposit or cashing is an excellent option to consider. You can deposit checks into prepaid card instead of bank accounts through independent check-cashing loading mobile apps, which you can use just like a credit or debit card. Here are some of the most popular prepaid cards with mobile check deposits that you should consider.
1. Netspend Prepaid
Among the companies associated with prepaid debit cards, NetSpend may come to mind first. It’s no wonder that NetSpend Visa Prepaid Card is one of the best prepaid cards for mobile check deposits. Several security features are included with the NetSpend card. Furthermore, you can protect your money from fraudulent purchases by reporting suspicious incidents immediately. On the Netspend app, you can also check your Netspend card balance, view transaction history, and receive account alerts. Your NetSpend mobile app will notify you when your mobile check deposit is complete, and your balance will be updated accordingly.
2. Brinks Prepaid Master Card
Compared to other prepaid debit cards, the Brinks Prepaid Mastercard offers much more. By enrolling in direct deposit, you can receive your paycheck up to two days sooner. Mobile banking apps are available for both iOS and Android phones so that you can deposit your paycheck or check. With this card, you have plenty of options when it comes to depositing your funds. You can lower the monthly fee on the Brinks Prepaid Mastercard by signing up for a direct deposit. Additionally, you can use the mobile deposit feature if you receive other checks during the month.
3. PayPal Prepaid Master Card
PayPal Prepaid Mastercard is one of the best-prepaid debit cards for mobile check deposits. Through the app, you can deposit checks within minutes of receiving them. Take a clear picture of your check with the app in order to upload it for review. It takes only minutes to approve the check and add it to your account as a pending deposit. You can top up or set up direct deposit for your PayPal Prepaid Mastercard at approximately 130,000 NetSpend cash reload locations nationwide.
4. Bluebird American Express Prepaid Debit Card
You can use the Bluebird American Express Prepaid Debit Account anywhere American Express is accepted. It also provides a few bank-like features, such as online bill payment, money transfers, direct deposits, and mobile check deposits, just like many other prepaid debit cards. With Bluebird’s mobile app, you can digitally deposit paper checks using Check Capture. iOS and Android devices need to be updated in order to take advantage of this feature.
5. Walmart Money Card Visa
For Walmart shoppers, Walmart MoneyCard Visa is usually the best option. In addition to mobile check deposit, free direct deposit, and wired bill payment, the card also includes mobile check deposit.
6. Boost Mobile Wallet
There is also Boost Mobile Wallet, which lets you deposit checks onto a prepaid Mastercard. Users will typically be able to access their funds within minutes after uploading a photo of their check.