I have a
PayPal debit card, a
State of Florida child support debit card, and an
Amscot card.
They are all used for various things, like Paypal is for work payments, the child support card is for obvious reasons, and the Amscot card is for my SSDI to be direct deposited.
I had to get both my SSDI and my child support checks direct deposited to cards, because someone once stole a child support check from my mailbox, and even though it was a piddly little $21.05, I couldn't risk someone stealing those every week as it's court ordered, (not that he pays every week as court ordered) and I certainly didn't want to risk my SSDI checks being stolen.
I can deposit any kind of check or money order, in any amount, deposited to my Amscot card, but I can't always get there, so I usually have to wait until I can get a ride there to deposit things like that.
If I get cash, it's the same thing, I can deposit it, but I can't always get there to do so.
I don't like carrying cash with me, I don't like using cash, it's really dirty and I already wash my hands (OCD) a lot so yeah, I don't like to carry or use cash unless I absolutely have to.
I also don't like banks.
I take great issue with the government being able to access all of our private financial information if they feel like it, if they decide that you or I are a threat, or have possible ties to terrorism.
I don't like that banks require so much of your personal and private information to open an account, and for you to update your information so that they comply with the regulations of the governments "protect the home front" policies.
None of the cards that I currently use, have ever asked me for the same kind of information that banks do, as a matter of fact, I think several of the cards only have my name, date of birth, and phone number(s).
Banks also charge crazy fees for every single transaction that you do no matter how small, and now some even charge you a fee (I've heard this fee can be as much as $10) for physically going in to the bank and interacting with a human teller, whose job it is to help you deposit or withdraw your money.
So when I had some cash this week that I didn't want to carry with me, have it sit in my wallet driving me crazy that I can't get up to Amscot to deposit it, so I decided to try a new pre-paid debit card that I can get re-load cards from right at 7 eleven.
I bought a
Green Dot pre-paid Visa debit card at
7 eleven for $4.95*, and a money pack re-load card, also for $4.95*
I gave the cashier the amount of cash that I wanted to load onto my pre-paid Visa debit card, and he added that amount through the cash register's
POS systems card reader.
I came home, logged onto the Green Dot website, entered in the Visa debit card number, the expiration date, created a password, and logged in to load the card.
Loading the debit card from the money pack was really easy, and now I have all of my cash, all of my income sources, on debit cards, 2 of them are pre-paid, and 2 are not.
I only have to touch cash when absolutely necessary, when I get it, and when I hand it to the cashier, so now I don't have to be grossed out by the thought of handling
very dirty paper money for too long.
Once I've used the Green Dot card for awhile, I will give it a proper product review, but so far, it gets 4 out of 5 stars for it's ease of use, fast money transfers from the money pack to the debit card, (the time it takes you to type in the numbers from the debit card and money pack) and the fee refunds.
The only downside is that they are not available everywhere yet.
While they can be purchased at over 50,000 retailers nationwide like CVS, 7 eleven, Kmart and Walgreen's, it will/would be really nice if they were also available at grocery stores as I go to
Publix far more often than I go to 7 eleven, and I hate that place because while convenient, they charge excessive prices on almost every single item that they sell.
* The $4.95 that you pay to buy the card and the money pack re-load cards, are credited back to your account (refund!) in about 1 business week, and the only fees for using the Green Dot pre-paid card is a monthly service charge of $5.95, and fees if you use an ATM, and those fees are just .50cents per transaction.
I don't plan on using any of those, so just $5.95 per month to help me control my OCD is ok with me.
**EDIT
My first fee (bought on 3/2/2010) refund was posted to my account today, 3/6/2010.
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