Prepaid card recommendations

username

Does anyone have any recommendations for prepaid cards?
The main requirement is no monthly or annual fee. Don't mind a fee for issuance, but if it's free then all the better.
Not fussed on the costs for withdrawing cash as it will be mainly for online usage where I don't wish to have any further transactions on the account after the initial one, such as signing up to free trials/services where they get your card details etc. Don't need any frills; cashback etc
I used to have a Pockit card which did the job, but then they decided to turn that into a pseudo "bank account" and charge a 99p fee every month just to have the account open!

eskbanker

Have you reviewed the options presented at https://www.moneysavingexpert.com/credit-cards/prepaid-cards/?

creon

Revolut, I have this pre paid card for my young son. 
The card was free and there are no fees, the app is impressive moving credit on to it is instant.

colsten

creon said:

Revolut, I have this pre paid card for my young son. 
The card was free and there are no fees, the app is impressive moving credit on to it is instant.

Revolut has no FSCS protection. Mind you, I am not sure whether any of the prepaid cards do have it.

Not good to "condition" youngsters to ignore FSCS.

blakemansarah

Revolut despite the lack of protection. Check the referral forum here for a free £9 too

It isn’t about conditioning younger to ignore FSCS - but a prepaid card is different to a current account and you wont get that protection anyway - surely they aren’t chucking a lot of money in there?

colsten

blakemansarah said:

Revolut despite the lack of protection. Check the referral forum here for a free £9 too

It isn’t about conditioning younger to ignore FSCS - but a prepaid card is different to a current account and you wont get that protection anyway - surely they aren’t chucking a lot of money in there?

No, it probably won't be big amounts of money on the prepaid card, but in %age terms it can be a lot. Like 100% of a youngster's weekly or monthly pocket money. 

jasonwatkins

Revolut is not a "prepaid card" because it still requires the same level of ID to open as a bank account does, so that counts me out.

London7766551

jasonwatkins said:

Revolut is not a "prepaid card" because it still requires the same level of ID to open as a bank account does, so that counts me out.

Why would it count you out? It isn't a bank account, it will not appear on your credit record as far as I know.

jasonwatkins

London7766551 said:

jasonwatkins said:

Revolut is not a "prepaid card" because it still requires the same level of ID to open as a bank account does, so that counts me out.

Why would it count you out? It isn't a bank account, it will not appear on your credit record as far as I know.

It counts me out because I do not have a passport or driving licence, both of which are required to open this so-called "prepaid" account.   Most prepaid accounts I've looked in to either require an up-front payment for the card or have various monthly fees.

You just open the account and you're off and running.

Revolut require you to jump through the usual hoops that you have to jump through if you're applying for a full current account.

jasonwatkins

Here we go ..

Why do I need to verify my identity?

You need to verify your identity in order to use your Revolut account. This policy is in line with a banking regulation commonly known as 'Know Your Customer’ (KYC) or 'Customer Due Diligence' (CDD) and is the process of a business verifying the identity of its clients. It is simply an anti-corruption and fraud measure.

john4536

jasonwatkins said:

Here we go ..

Why do I need to verify my identity?

You need to verify your identity in order to use your Revolut account. This policy is in line with a banking regulation commonly known as 'Know Your Customer’ (KYC) or 'Customer Due Diligence' (CDD) and is the process of a business verifying the identity of its clients. It is simply an anti-corruption and fraud measure.

hi jasonwatkins,

i'm in the same boat no passport or DL so can you recommend a prepaid account to open that doesnt ask for passport or DL please, i have for years 'Optimum prepaid card' used to be called 'Orange Cash Card' but since they are going to start charging £1.99 from August 2020 i would like to move on?