Q: Can I direct deposit my paycheck onto a prepaid debit card?
A: Most of the prepaid debit cards we review let user direct deposit their paycheck free of change. There are several advantages to this, including convenience and the speed with which you get your paycheck funds – especially if you normally get your check mailed to you. Additionally, some cards charge to add funds so if a card offers free direct deposit you can save a substantial amount of money over time.
These are the debit cards we review that offer free direct deposit:
Serve® from American Express (a NextAdvisor advertiser): Our number one rated debit card features free monthly fees, mobile apps for iPhone, Android and Windows Phone, and great American Express perks like purchase protection, roadside assistance and entertainment access. Users can add money to their card via direct deposit, linked bank account, debit card, credit card, or cash using a MoneyPak.
PayPalTM Prepaid Mastercard®: Best for current or soon-to-be PayPal customers as it requires a PayPal account to access its online account tools and other features. However, if you want to be a PayPal initiate they offer a linked savings account with a high 5% APY. You can add money to the card with direct deposit, the NetSpend Reload Network, bank transfers and reload packs.
PrePaid Visa® Classic RushCard: Good all-around card with extra perks like a free prescription discount card and discounted health care plans. This card is also features a full-fledged website and mobile apps for the iPhone and Android. You can add money with direct deposit, PayPal, cash deposit, check/money order and bank transfer.
Netspend® Visa® Prepaid Card: Offers users great online and mobile tools (iPhone and Android) along with up to 55% in prescription savings and a limited rewards program. Users can add money via direct deposit, bank account transfers, PayPal, another NetSpend card or cash/check at a partner location.
Account Now Gold Visa® Prepaid Card: A basic debit card that provides online account access (but no mobile apps) and features a $15 bonus for using direct deposit. The extensive fee structure means that depending on how you use this card it might be costly over time. You can add funds via direct deposit, or with cash at an eligible store.
READYDebit Platinum Visa® Prepaid Card: A more expensive monthly fee than other cards we review, but it offers a free credit score and score tracking with direct deposit. The credit information is a nice add-on, but you must use direct deposit to get it and the credit score brand isn’t mentioned, so it’s hard to say how valuable the data is. You can add money with direct deposit, savings/checking account transfer, MoneyPak, or from another READYDebit card.