The ACE Flareв„ў Account by MetaBankВ® is really an option that is great people who wish to restrict their investing but still gain access to the attributes of a credit or debit card.
- Those seeking to suppress their spending
- Individuals with little to no credit
- Parents searching for a good solution to offer their young ones
Summary of: ACE Flare | Reviewed by: Chris Muller | final modified: July 7, 2020
Made available from business that usually provides such things as payday advances, the ACE Flare™ Account by MetaBank® is supported by Metabank and contains plenty of great benefits.
It’s designed for people with low credit profiles, however it nevertheless packs a punch, which, regrettably, is not always real for no-credit credit cards.
Here’s my ACE that is full Flare Account by MetaBank® review.
ACE Flare™ Account by MetaBank® is just a prepaid debit card from Ace Cash Express. It’s issued, but, by MetaBank.
Ace money Express is headquartered in Irving, TX, and offers “non-traditional” economic solutions. Their potential audience is mainly individuals with either no credit or individuals with dismal credit.
The business has near to 1,000 stores in 22 states and had been started back 1968. Ace Cash Express now now offers services that are online 11 additional states, too.
A year ago, they really changed the title of the business to Populus Financial Group. Nevertheless they nevertheless conduct business as Ace money Express to restrict confusion. We thought I’d call that down as you may note that title somewhere else.
Ace money Express provides such things as installment loans, check cashing, payday advances, along with prepaid debit cards, as well as several other monetary solutions centered on location. Today, I’ll be focusing on the prepaid debit card.
How can ACE Flare™ Account by MetaBank® prepaid debit card work?
ACE Flare™ Account by MetaBank® is just a debit that is prepaid, but it is similar to a bank checking account. Meaning, you deposit the income you need to manage to make use of right onto the card.
And as it’s a regular debit card, you should use it like one. You could make acquisitions anywhere that takes Visa.
While balance won’t accumulate much interest while sitting into the ACE Flare™ Account by MetaBank® account (as you want with the card – with no limits though it will earn some), you’re able to make as many purchases.
To be able to make use of the card, you’ll have actually to keep in mind restrictions both for your acquisitions and withdrawals. For pin-based deals (like you’d do having a debit card), you could make up to a $5,000 purchase at once. You could withdraw as much as $5,000 over-the-counter (for example., non-ATM dependent). If you would like make use of an ATM, you’ll be limited by $400 per deal and $1,000 a day.
Furthermore, you need to use the card to join up for bill pay services. For example, it is possible to set an auto-pay up in your Verizon account to cover your phone bill through the ACE Flare™ Account by MetaBank® account on a monthly basis.
Be mindful, though, some accepted places will ask you for a charge for employing a debit card as a type of re payment (like neighborhood resources whom frequently try this).
Rates for ACE Flare™ Account by MetaBank®
ACE Flare™ Account by MetaBank® is completely absolve to open online or via phone. But you a $3 application fee if you apply for the card at a retail location, it’ll cost. There’s also no minimal balance needed to open up the account.
There are two main plans for ACE Flare™ Account by MetaBank®: the plan that is first tribal payday loans in tennessee if no direct deposit is initiated – which run you $9.95 30 days. The next plan is then your monthly fee drops to $5 if you set up a total direct deposit of at least $500 each month.
Check out for the other fees that are notable the ACE Flare™ Account by MetaBank® account:
- Direct deposit – $0.
- Domestic ATM money withdrawal cost – $2.50.
- Overseas ATM money withdrawal fee – $4.95.
- International transaction charge – 3%.
- Balance inquiry fee (domestic or worldwide) – $1.00 (will not use whenever checked in the app that is mobile text, or e-mail. )
- Over-the-counter withdrawal cost – $2.50.
- Stop payment fee – $0.
- Statement mailing fee – $5.95 per statement (remember that you could get these online that is free well. )
- Additional or replacement debit card – $3.95 per card (this would go to $4.95 in the event that you request a customized card. )
- Account-to-account transfer cost – $0, if done on line (it shall run you $4.95 if you’re utilizing an individual solution representative, though. )
Restrictions on build up
Among the good aspects of ACE Flare™ Account by MetaBank® is the fact that there’s no deposit limitation for almost any direct deposit from, state, your company or an ACH transfer from your own bank.
You shall be restricted on money deposits, although the limits are very high. By depositing money through the Netspend system, you can easily deposit as much as $7,500 at the same time (and day that is per or more to $15,000 every four weeks.
Once again, for many people applying this card as an investing account, that will significantly more than suffice. You’re additionally in a position to deposit checks into the ACE Flare™ Account by MetaBank® account, but restrictions here will be determined by the originating bank. ATM deposits aren’t allowed.
You can include protection that is overdraft your ACE Flare™ Account by MetaBank® account being an add-on service, presuming you meet up with the needs.
ACE will charge a fee $20 for each and every transaction that brings your account to the negative by a lot more than ten dollars.
Fortunately, though, there’s a limitation of five costs charged each month. But by becoming a member of overdraft security, in the event that you bring your bank account to also inside a 24 hour duration after overdrawing, the charges will soon be waived.
If you overdraw by significantly less than $10, though, there’s no charge.