Features of a Momentum Prepaid Visa Debit Card include direct deposit, using the card anywhere Visa debit cards are accepted, and the ability to withdraw cash from ATMs with a Visa acceptance mark, says the Momentum Visa website in 2015. Other features include card balance checks and reloading of funds.
A customer with a Momentum Prepaid Visa Debit Card can shop online and use the card for hotel reservations, bill paying, phone shopping, mobile banking and more, according to Momentum Visa. Businesses such as restaurants and hotels may preauthorize the funds, plus 20 percent or more, to ensure a customer has enough reserves in case he damages a room or causes other expenses. Holds may remain for up to seven days; during this period, a customer cannot access the preauthorized funds.
Daily balance alerts are one feature of the cards, explains Momentum Visa. Customers can sign up for free alerts sent as text messages or emails. Customers also get a message every time they use or reload the card. The card also provides security as a feature; a customer can call a number if he loses the card or it is stolen. A zero-liability policy applies to cards issued in the United States and helps safeguard against unauthorized purchases. It does not apply toward ATM transactions and a few other transactions.