A prepaid MasterCard offers the convenience of a credit card without a credit check. These cards are handy for making online purchases, paying bills over the phone or using at stores and other locations. Since it’s a prepaid card and not a credit card, you must keep an adequate balance on the card to be able to use it, which means you need to add money, or reload it, from time to time. Different cards offer different methods for reloading.
Company Policies Vary
Check the policies for the company that issued your prepaid card. The best way to do this is to contact them via the phone number printed on the back of your card or through their website. Ask the customer service department if you can send a personal check to reload your card or review the frequently asked questions section for this information. Typically, prepaid cards don’t accept personal checks as a means of loading funds.
How to Reload Your Card
If the company allows reloads by check, send your personal check to the address they specify and include your account information. Expect to have to wait until the company receives and processes the check, after which you’ll likely encounter an additional waiting period while your check clears. You can eliminate the waiting period by making a direct transfer from your bank account, by adding cash directly to your card at the checkout in approved stores or by using other instant reloading options.
- MasterCard: Prepaid Cards Frequently Asked Questions
- NetSpend: Adding Money
- Bank Freedom: Prepaid MasterCard: Adding Money
- FDIC. "2017 FDIC National Survey of Unbanked and Underbanked Households." Accessed Oct. 15, 2020.
- Experian. "Do Prepaid Credit Cards Help Credit Scores?" Accessed Oct. 15, 2020.