Compare Prepaid Debit Cards
Looking to buy debit card prepaid card? Just select which debit card provider you require to see a full comparison on debit card prepaid money companies available. All debit card companeis listed with charges, benefits and product information on each provider.
No Application Fee Debit Cards?
Although some debit card companies provide a no application fee debit card service, the initial application for the card is free but there are charges attached to using your card, In many cases with no application fee debit cards they is either a monthly fee attached or a annual usage limit which means that your debit card has a maximum top up limit.
Debit Cards Provider |
Type of Debit Card |
Application Fee |
Transaction Fee |
ATM Charges |
Top Up Charges |
More Info & Apply |
|
£4.95 Monthly Fee |
Free when you top up £20.00 |
Free |
£0.99 |
Free |
|
|
Pay as you go debit card |
|
Free |
£0.99 |
Free |
|
|
|
Pay as you go debit card |
|
2.75% |
1.5% |
Free |
|
|
Pay as you go debit card |
|
Free |
£0.99 |
Free |
|
|
How do Prepaiddebit cards work?
Prepaid debit cards were developed as a convenient and cost-effective alternative to point-of-sale cheques, debit cards are increasingly being used as a substitute for cash.
Prepaid Debit cards operate like cash or a personal cheque. When you use a Prepaid debit card the money is immediately deducted directly from your current account. As long as you have enough money in your debit card account you can use your Prepaid debit card to buy things in person, over the phone, by mail order and over the Internet. While a credit card is a way to "pay later", a Prepaid debit card is a way to "pay now".
Prepaid Debit cards are linked directly to your bank account. You can use them to buy goods or withdraw cash and the amount is taken from your account right away.
You can also use a Prepaid debit card to get 'cash back' from certain shops where you buy goods and also ask them for money back from the cashier. The total amount is deducted from your account right away.
When using a cash machine or paying for goods with a debit card you'll need to enter your PIN (personal identity number). When using your Prepaid debit cards to buy goods you usually enter your pin number into an electronic hand held device, but in some cases you may have to sign.
Most bank accounts offer debit cards. Prepaid debit cards do not double up as ' cheque guarantee cards'.
What happens if there's not enough money in your account?
- if you have a ‘ Prepaid debit card' the balance in your account is checked before each transaction – if there's not enough money you won't be able pay or withdraw cash without prior agreement
If you go overdrawn the charges you'll pay will depend on the debit card company you have chosen and they may charge you an administration fee.
Prepaid debit cards do not provide overdraft agreements, if you exceed the limit you have loaded on to your card then the payment will not go through.
Using Prepaid debt cards over the phone or internet
Debit cards can be used to make payments by phone or over the internet. In this case you'll need to provide certain details that are printed on your debit card. Please be aware that depending on the debit card you choose some offer free purchase protection or payment protection. Debit cards that offer payment protection give you greater security when shopping online.
Debit cards are used in nearly (45%) of all prepayment transactions, Debit cards which run to about 24.5m a year. Online sales accounted for 61% of purchases that were never received when using debit cards. Prepaid debit cards are increasing and becoming the new alternative to online bank accounts with debit cards
Free debit cards are available with Prepaid card providers, free debit cards and free online banking are usually basic bank accounts with no added frills or benefits.
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