News & Advice
Green Dot Student Card – The Perfect Prepaid Card for Any Student
A student Green Dot card is ideal for any college or high school student who is looking for a safe way to carry around money. It’s difficult for many students who want to have their very own credit or debit card, but can’t due to not having a checking account. Shopping on eBay is also impossible without having a card or PayPal account.
Now, it’s possible to create a PayPal account without linking it to a checking account! Green Dot cards are a convenient way to fund an online account for purchases. It’s possible to load one of these prepaid cards with cash at a local store.
There aren’t as many fees or penalties with a Green Dot student card, either. It can be hard for some students to keep up with their balance, since they are always studying or working, so overdrafting isn’t uncommon. Fortunately, there are no overdraft fees with one of these debit cards.
Another problem that many students have is a lack of credit history. Those who do have credit histories don’t always have good scores. When applying for this card, there are no credit checks to worry about! As long as money is loaded onto the card, it can be used.
Students who are eighteen years or older can apply for the card on their own. Those who are under eighteen must have a parent or legal guardian sign for them. The application process can be done online, over the phone, or at a number of stores, such as Walmart, Walgreens, CVS, Target, etc.
Once approved, a temporary card will be provided until the real card comes in the mail. The temporary card is usually available for making purchases immediately. It just can’t be used to get cash out of an ATM machine. When the student receives the real card in the mail, he or she can then activate it with a four digit PIN.
Even though these are more convenient than gift cards, they can still be given as gifts. Most gift cards become useless after they run out of money the first time. They can only be used up once. A Green Dot student card can be refilled over and over again! Parents can give their students a prepaid debit card as a gift to help them with their finances.
Students with a job can take advantage of the direct deposit feature. Enrolling in the direct deposit feature is a simple process. The funds are made immediately available every payday. Non-direct deposit reloads sometimes involve a fee, depending on how much money is put on the card. Direct deposits are free!