Do you have more than one teen and you are wondering how you can manage all their accounts? Akimbo Prepaid MasterCard might be just the card you need. This card helps you manage accounts for more than one teen in your family. You can open several separate prepaid cards and tie them all to a master account and manage the same from within the Akimbo app.
Akimbo Prepaid MasterCard Gains
The first subaccount is free, but additional subaccount cards have a one time fee of $4.95 each.
You can enable and disable each card from within the app. As a parent, you can receive a text update after each update. This is a great feature for parents who wish to monitor their teens spending.
Akimbo Prepaid MasterCard has minimal fees. No enrollment or monthly fee as well as no fee on signature purchases. Charges $. 99 fee for PIN transactions, a $1.98 fee for ATM cash withdrawals and a $. 33 fee for ATM balance inquiries.
Not So Good Sides
The following can be seen as a downside to this card.
If your account stays inactive for 12 months, you pay a $5.95 fee beginning in the 13th month.
There’s a card purchase fee of $4.95, no monthly fee, a reload fee of $4-$5 for cash reloads and an ATM fee of $1.98.
Akimbo Prepaid MasterCard Alternatives
If you think the Akimbo Prepaid MasterCard is not what you need, you can consider any of the following alternatives.
Enables users to load money to their prepaid card with direct deposits, paper checks, and cash.
Enables you to enjoy all Visa debit cards offers.
Payoneer can be used to send and receive payments directly.
This is a simple Prepaid debit card that enables it’s users shop anywhere, and anytime without cash.
With Green Dot card, you get a reliable and trustworthy Prepaid debit card provider service that enables anyone has a prepaid card without a credit check.
This is a prepaid debit Visa or MasterCard that can be used to pay online bills, pay rent, shop online or in-store, recharge, etc.
This is not the only alternatives to Akimbo Prepaid MasterCard, but you can check from this list and consider any of it if you don’t want to use the Akimbo card.
There are other prepaid debit cards with lower fees and different benefits that you should compare with Akimbo before you go ahead to apply for Akimbo Prepaid MasterCard.