YAP Card

Like most prepaid cards, this card is a great choice for anyone who is having difficulties being approved for a traditional credit card or who does not possess a regular bank account. Since it does not require a credit check, everyone who applies is guaranteed to be approved. It does not matter if you have had bad luck in the past with finances such as

• bad credit
• no credit
• bounced checks
• large overdraft fees

The YAP Card is a popular choice for parents who are trying to teach their children financial responsibility. While you have to be 18 to sign up for the card, an adult can sign up and then add another card with their child's name. For teenagers who love to be on their mobile phones, this is a great option since funds can be transferred easily from card to card via text. Next time your teenager calls and is stranded needing money for gas, simply text them with your YAP Mobile service and they'll have the money instantly added to their account.

Applying for your first card is completely free and simple to do online. All you need to do is follow the link below to the enrollment form and fill in your personal information. There is no credit check needed and you will get your new prepaid card almost instantly. Cardholders first receive virtual card numbers in their email to use while they wait for their personalized physical card to come in the mail, which usually takes 7-10 days.

Benefits – There are lots of great reasons to choose this top-rated prepaid card. Some of them address the financial aspect of managing your money while others are more related to the ease of using the card. YAP offers many benefits that are not available with any other prepaid card.

• No need for a credit report or credit check
• Easily manage your account online 24/7
• No worries about overdraft charges since you can only spend what you deposit
• Use the direct deposit service absolutely free
• Manage your account and send money using your mobile phone
• Budget and track your spending through the online account
• Safer than using cash
• FDIC-Insured
• Activation and card are both free
• Virtual card number for spending before receiving the card
• Transactions are safe and secure
• Advanced fraud monitoring system

Rewards – There are currently no rewards programs associated with this prepaid card.

Unique Features – This card is actually one of the most unique prepaid cards on the market. Its issuers have developed an innovative and efficient way to manage your account and to transfer money and make payments. Some features that make this card a must-have include:

• Transfer money between cardholders via text
• Send anyone you know cash via text message (the person you send money to will then need to sign up for their own card in order to receive the funds, if they are not already a member)
• All mobile transfers require a PIN for security
• Text messages never use an account number for identity protection
• Check account balances using your mobile phone
• Card activation is completely FREE
• No monthly fee if loading more than $500/month
• Has a free iPhone App
• One month free trial

One thing that hinders many people from using a prepaid card is the fees that are generally associated with their use. Many times these fees can add up to more than what the cardholder even made in purchases in a particular month.

This is not the case with the YAP Card. Like their site says, "Get YAP today and keep more of your money." When you choose this prepaid card you will be paying some fees but with its free mobile service many of the transactions that other cards charge for are free when you choose YAP.

Fee Schedule

* If you reload $500 on your card each month this fee is waived

Since this one of a kind card is a prepaid card, the only way to spend money using the card is to have available funds in your account. When the card is first activated users need to deposit a minimum of $10 just to open the account. After that there is no minimum balance that needs to be kept in the account, but transactions will not be completed if there are not sufficient funds. YAP does place a cap on the amount you can deposit into your account of $10,000.

There are several simple and straightforward options for loading funds onto your card. YAP wants to make it as easy as possible to allow you to use the money you worked so hard to earn. Options include:

• Direct Deposit – This method needs to be set up with your employer by filling out a simple form and giving your employer your YAP account number. You can have all or part of your weekly/monthly salary deposited into your account. This service is free to cardholders.
• Bank Transfer – If you have an existing bank account you can securely transfer money to your YAP account whenever it's needed. Simply log in to your bank account online and enter your YAP account number and select transfer.
• Online from cardholders – This is a free service for all cardholders. It is an especially popular way for paretns to transfer funds to their child's account. Simply log in to your YAP account, select an amount to transfer and hit Send Money.
• Text Message with YAP Mobile – Simply send a text message to the person you want to send money to and enter your unique PIN. They will receive a text and enter their PIN to accept. The money you transfer is instantly in their account.
• Green Dot MoneyPak – The MoneyPak is a card you can purchase at numerous retail loactions. You use cash to load onto the MoneyPak and then use the MoneyPak number to transfer the cash into your YAP account. Green Dot charges $4.95 to purchase a MoneyPak.

When reloading funds onto your prepaid card using cash, the minimum amount you can load each day is $10 while the maximum is $950. However if you use direct deposit you can load up to $6,000 at a time. The Green Dot MoneyPak allows you to reload between $20 and $500.