Q:

Are there any fees for having an Ace prepaid debit card?

A:

Quick Answer

Ace Elite Visa prepaid debit cardholders pay either $9.95 or $5.00 per month to have the card depending on the plan they use, or they can pay per transaction and have no monthly fee. All of the Ace prepaid debit card plans require the cardholder to pay a one-time fee of $9.95 to have a card. Some of the monthly fee rates require cardholders to fulfill specific financial requirements. Other fees are associated with transactions made by the user.

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Full Answer

The Ace Elite Pay-As-You-Go plan does not require the cardholder to pay a monthly fee, but he is charged $1.00 per signature transaction and $2.00 for each personal identification number transaction. Customers using the FeeAdvantage plan pay a $9.95 monthly fee but are not charged for signature or PIN transactions. If cardholders have more than $500 per month direct deposited to their card, the monthly fee is reduced to $5.00, and both types of purchase transactions remain free.

Ace prepaid cardholders are charged $0.50 for each telephone or automated teller machine balance request, but online request or alerts by email and text for balances are free. ATM transactions cost $2.50 for domestic withdrawals and $4.95 for international transactions plus any fees charged by the owner of the ATM. Cardholders are charged $1.00 if the ATM transaction is declined.

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