MoneyPak is powered by Green Dot to provide a quick way to add funds to a variety of participating prepaid cards. According to Experian, although prepaid cards don't help build a credit score like traditional credit cards, they are a great choice for individuals who don't have a bank account, anyone who needs help budgeting or those that want protection against fraud. To use MoneyPak, you'll need to have your associated card embossed with your name.
Read More: What Is Green Dot MoneyPak?
Obtaining a Green Dot Personalized Card
Since MoneyPak can't be used with temporary prepaid cards, you'll need to pick up a prepaid card and register it with the provider to have it personalized. If you already have an embossed prepaid card, you may be able to use it, as the company partners with many different brands. MoneyPak has a "Check Card Eligibility" page, so head there and enter your card's nine-digit account number into the provided box. If the results show the card is eligible, you're good to go.
If your current prepaid card isn't eligible, or you never had one, you'll need to pick one up from a participating prepaid card provider. If you head to Green Dot's website, you'll discover a "Find Location" button that you can click to locate a reseller near you. Visit the closest retail location to obtain a card.
The card you buy will be a temporary card, but there will be instructions provided for ordering a personalized card to replace the temporary card. MoneyPak states that this could take up to two weeks.
Currently, Green Dot has four prepaid cards to choose from. They all have a host of similar features, but they differ in that some charge a monthly maintenance fee and some provide rewards. Your options include:
- Visa Debit Card
- Pay As You Go Visa Debit Card
- Cash Back Visa Debit Card
- GO2Bank Visa Debit Card
Purchase a MoneyPak
Just like the Green Dot card, you'll find MoneyPaks are available at a host of retailers, including CVS and Walgreens. Visit Green Dot's "Find Services and Locations" page and check the "Buy a MoneyPak" box. Type your zip code into the search box and hit enter to find the retail stores closest to your home.
MoneyPaks are available in quantities of $20 to $500 with a $5.95 set purchasing fee. It's important to note that you can only purchase MoneyPaks with cash. Other debit and credit cards are not accepted.
Read More: How to Find Balances on Prepaid Visa Cards
Create an Online MoneyPak Account
Once you have the MoneyPak, you'll want to create an account online to make adding the money to your personalized prepaid card a breeze. Visit the company's homepage and click the purple "Log In" link. Next, tap on the green "Create One" link next to the words "Don't have a MoneyPak Login yet?"
To create your account, you must be 18 years of age or older and either a United States citizen or a legal alien. You'll need to verify your identity by providing personal information that includes your Social Security number. You'll also be asked for your mobile number, which the company will verify by sending you a one-time use code. In certain cases, MoneyPak will also ask you to upload a copy of your driver's license or state-issued ID.
Load the Card With MoneyPak
Once your account with MoneyPak has been created, you can take steps to load your funds. Simply log in and click the "Load Card" button. From there, tap the "Add money to a new card” link and follow the prompts to link your account with your participating prepaid card. At the same time, you'll be asked to enter the number provided in your MoneyPak. After you click "Add Money," the funds you purchased will be loaded onto your card.
Alicia Bodine is a New Jersey-based writer specializing in finance. With more than 13 years of experience, her work has appeared in LendingTree, GoBankingRates, Sapling, Zacks and budgeting.thenest.com.