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Prepaid card accounts

James Mead edited this page Jan 24, 2016 · 8 revisions

Both Visa and MasterCard offer Prepaid cards, although neither of them appear to allow you to get a card from them directly.

ABCUL

ABCUL offers a Credit Union Prepaid Card.

More details about this card and its fees can be found within the ABCUL Members Area (login required).

Firms offering help with issuing prepaid cards

We might need to go through a firm like this to be able to offer prepaid cards to others.

Prepaid card accounts

Osper

Cashplus prepaid Gold MasterCard

Card One Banking

  • £12.50 per month
  • Prepaid MasterCard
  • Online banking
  • No direct debits at the moment
  • If you are not a bank, what are you?
    • We are an Authorised Payment Institution (API), authorised and regulated by the FCA. We are able to operate as such under the Payment Services Regulations. The key operational difference is that we are not licensed to use the customer's money for any purpose. We do not lend it to other customers or use it in any way. Instead, it is kept as segmented funds with our bankers - Nat West Bank and Barclays Bank. There are many other constitutional differences between a Bank and an API, such as different "Conduct of Business" and capital adequacy rules.

Kalixa Pay

  • Kalixa Pay Ltd is authorised by the FCA under Electronic Money Regulations 2011
  • MasterCard
  • £6.95 sign up fee
  • £0 monthly fee

Chris signed up for one of these cards.

Virgin Prepaid

  • MasterCard

PayPal Prepaid

  • MasterCard

3V

  • Visa prepaid card
  • Card number only?

credEcard

  • Visa prepaid card
  • £10 application fee
  • £2 per month
  • £2 cancellation fee
  • Cancellation by contacting customer services
  • Online banking
  • Mobile app
  • Member of Visa
  • Authorised to issue e-money
  • Pay funds in to Natwest - 62-30-53
  • No FSCS
  • No direct debits
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