-
Notifications
You must be signed in to change notification settings - Fork 2
Prepaid card accounts
Both Visa and MasterCard offer Prepaid cards, although neither of them appear to allow you to get a card from them directly.
ABCUL offers a Credit Union Prepaid Card.
More details about this card and its fees can be found within the ABCUL Members Area (login required).
We might need to go through a firm like this to be able to offer prepaid cards to others.
- Access Prepaid Worldwide
- Advanced Payment Solutions - Used by Cashplus.
- Contis Group? - They offer the credEcard but it looks like they might offer advice too?
- Wirecard card solutions - Used by Card One Banking.
-
A Prepaid Debit Card for Young People with a mobile banking app for the family.
- Raised £10m according to Techcrunch
- Authorised by FCA under Electronic Money Regulations 2011 (i.e. it is an EMI)
- Online banking
- Electronic transfers in
- Direct debits out
- APS Financial Ltd (AFL, the parent company) have their own sort code - 08-71-99
- APS/AFL hold a Consumer Credit license and are a "principal member" of MasterCard International Inc
- Apparently they work in partnership with the likes of the Post Office and the Co-operative Bank to operate the accounts for you.
- You appear to get your own account number i.e. like a bank current account
- Some terrible reviews on Review Centre
- £12.50 per month
- Prepaid MasterCard
- Online banking
- No direct debits at the moment
-
If you are not a bank, what are you?
-
We are an Authorised Payment Institution (API), authorised and regulated by the FCA. We are able to operate as such under the Payment Services Regulations. The key operational difference is that we are not licensed to use the customer's money for any purpose. We do not lend it to other customers or use it in any way. Instead, it is kept as segmented funds with our bankers - Nat West Bank and Barclays Bank. There are many other constitutional differences between a Bank and an API, such as different "Conduct of Business" and capital adequacy rules.
-
- Kalixa Pay Ltd is authorised by the FCA under Electronic Money Regulations 2011
- MasterCard
- £6.95 sign up fee
- £0 monthly fee
Chris signed up for one of these cards.
- MasterCard
- MasterCard
- Visa prepaid card
- Card number only?
- Visa prepaid card
- £10 application fee
- £2 per month
- £2 cancellation fee
- Cancellation by contacting customer services
- Online banking
- Mobile app
- Member of Visa
- Authorised to issue e-money
- Pay funds in to Natwest - 62-30-53
- No FSCS
- No direct debits