1. Money2Go Prepaid Mastercard
Money2Go MasterCard is a prepaid MasterCard that offers the convenience of a credit or debit card but allows you to set your spending limit. This Prepaid Mastercard is issued by Novum Bank in Malta and offers a straightforward online application process.
This card has a fee structure that’s lower than many other providers. Recharging the card via bank transfer incurs a small fee of 0.95 euros. The foreign currency fee is just 2.5%, and there’s a 4.95 euro fee per ATM withdrawal. Unlike other cards, the Money2Go card doesn’t have embossing, making it easily identifiable as a prepaid credit card.
Pros:
- Quick and easy online application process.
- English website and customer service
Cons:
- One-time issuing fee of 9.95 euros.
- Yearly fee of 7.95 euros starting from the 2nd year.
- 2.50 euros per month if inactive for 3 months.
- 0.95 euros recharge fee for bank transfers.
- 4.95 euros fee for ATM cash withdrawals in Germany and abroad.
- 2.5% foreign currency fees.
- No embossing on the card.
