2. PayangoCard
The Visa PayangoCard is a debit card that works like a prepaid credit card. It’s issued by the German BW Bank (Landesbank Baden-Württemberg) and has a straightforward online application process.
Compared to other providers, the fees are a bit different. While the issuing fee is smaller, the yearly fee is higher. Recharging the card via bank transfer is free, but it must be done to a BW Bank account with your credit card number mentioned. The foreign currency fee is only 1.5%, and cash withdrawals have a 2% fee (with a minimum of 2.50 euros).
Pros:
- Recharging by bank transfer is free.
- The card is of high quality with embossing.
- The card remains valid for 4 years.
- There’s no balance limit.
- The online application process is quick and easy.
Cons:
- There’s a one-time issuing fee of 25 euros.
- Starting from the second year, there’s an annual fee of 25 euros.
- ATM cash withdrawals in Germany and abroad carry a 2% fee, with a minimum of 2.50 euros.
- Foreign currency transactions are subject to a 1.5% fee.
- Recharging the card is only possible from the linked account during registration.
- Customer service is available only in German.
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