Pathward FasterMoney prepaid card is here to simplify life for those seeking greater financial control without complications. Without needing a bank account, it offers a practical and secure way to make purchases, whether online or in physical stores.
With benefits like a waived monthly fee upon receiving direct deposits and early access to your payment, FasterMoney becomes an even more attractive option. It’s a way to have complete control over your money without wasting time on bureaucracy.
Curious to know how Pathward FasterMoney can assist in your daily life? Keep reading to discover all the details of this practical and accessible solution!
Meet the Issuer
The Pathward FasterMoney prepaid card is issued by Pathward®, N.A., an American financial institution headquartered in Sioux Falls, South Dakota. Founded in 1954 as Storm Lake Savings and Loan Association, the bank was renamed MetaBank in 2005 and, in 2022, adopted the name Pathward after selling the “Meta” brand to Facebook.
Pathward is a member of the FDIC (Federal Deposit Insurance Corporation), which means that funds deposited in FasterMoney are protected up to the limit established by the U.S. government.
In addition to offering financial solutions to consumers, Pathward acts as one of the leading issuers of prepaid cards in the United States, with over 16.5 million cards distributed in 18 months for the payment of economic stimuli authorized by Congress.
Main Benefits of the Card
Global Acceptance: The Pathward FasterMoney card can be used at millions of establishments and ATMs worldwide, thanks to its partnership with Visa® or Discover®. This provides the freedom to make purchases both online and in physical stores, anywhere these brands are accepted.
Monthly Fee Waiver with Direct Deposit: By setting up your direct deposit, you are exempt from the card’s monthly fee. This advantage makes FasterMoney an even more attractive option, as you don’t have to worry about recurring charges, facilitating financial control.
Early Payment Access: With FasterMoney, you can access your payment early, before the traditional payday. This means you don’t have to wait to access your money, offering a practical solution for those who need agility in receiving funds.
Mobile App Management: The card offers an intuitive mobile app that allows you to monitor your expenses in real-time and manage your balance easily. The app provides comprehensive financial control, helping you avoid end-of-month surprises and keep your budget in check.
Secure Usage: Pathward FasterMoney is protected by advanced security technologies, such as EMV chip, offering greater protection against fraud and unauthorized transactions. This ensures a safer shopping experience, whether online or in physical environments.
No Credit Check: No credit check is required to obtain Pathward FasterMoney. This makes the card accessible to everyone, even those with limited or negative credit history, offering an inclusive and practical financial solution.
Reloadable: The card can be easily reloaded with new funds whenever necessary. This provides flexibility, as you can use FasterMoney continuously without needing to obtain a new card each time you need more credit.
ATM and Cash Access: Pathward FasterMoney can be used at ATMs and cash machines for quick and convenient withdrawals, with the possibility of finding withdrawal locations worldwide. This facilitates access to your money whenever and wherever you need it.
Pathward FasterMoney Prepaid Card: Fees and Commissions
The Pathward FasterMoney prepaid card has a monthly fee of $4.95, which is waived if you receive $500 or more in monthly direct deposits.
Additionally, there are no fees for direct deposits, withdrawals at MoneyPass network ATMs, and for using the management app. However, withdrawals at ATMs outside the MoneyPass network may be subject to additional fees.
Note: Fees are subject to change without prior notice. It is advisable to periodically check the updated fee schedule on the official FasterMoney website for accurate information.
Card Limit
The Pathward FasterMoney prepaid card allows a maximum balance of $15,000. Daily withdrawal limits may vary; for example, you can withdraw up to $2,500 per day at ATMs or $5,000 per day over the counter.
It is important to review the cardholder agreement to understand the specific limits applicable to your account.
Positive points
- Enhanced Financial Control:Allows you to manage your expenses effectively, avoiding end-of-month surprises.
- No Need for Traditional Bank Account:Ideal for those without a bank account or who prefer to avoid associated costs.
- Wide Acceptance:Can be used at millions of establishments that accept Visa® or Discover®.
Negative points
- Applicable Monthly Fee:The $4.95 fee may be a disadvantage for users who do not receive monthly direct deposits.
- Balance and Withdrawal Limits:There are limits for the maximum balance and daily withdrawals, which may not meet all users’ needs.
- Fees for Out-of-Network ATM Withdrawals:Withdrawals at ATMs outside the MoneyPass network may be subject to additional fees.
How to Apply for Pathward FasterMoney Prepaid Card
- Visit the official FasterMoney website.
- Choose between the Visa® or Discover® version.
- Select the “Use FasterMoney” option.
- Fill out the application form with your personal information.
- Choose the method of receiving the card.
- Review and confirm the terms and conditions.
- Submit your application.
- Wait for approval and receipt of the card.
How to Contact Pathward
For support and additional information, you can contact FasterMoney through the following channels:
- Phone: 1-855-638-2226
- Email: [email protected]
The Pathward FasterMoney prepaid card is an excellent option for those seeking financial control, security, and convenience. Apply for yours today and experience a new way to manage your money with ease and safety.