Mango comes in as our TopTenREVIEWS Silver Award winner in our prepaid debit card lineup. With this card, you can load money in various ways, including through PayPal. There is also a savings account, into which you can transfer money directly from your debit card. This feature can help you save money when you have a little extra to create a nest egg for a rainy day. Mango also offers several of its services without charging a fee.
You can perform many tasks absolutely free with Mango prepaid debit cards; we will list these first before hitting you with what Mango calls its Simple fees:
This prepaid debit card does charge fees, just as every other prepaid credit or debit card does. Customers who do not load at least $500 per calendar month to the card will be charged $5 for each month they fail to do so. Note that if you load money onto your card by transferring money from one Mango card to another Mango card, these funds do not count toward your $500 monthly minimum. You can use an ATM to withdrawal cash, and this prepaid card company will charge you $2 each time you withdrawal money from an ATM, which is in addition to any fees that the ATM's owner may charge you.
Checking your account balance regularly will help you keep track of your money efficiently. You can check your balance by calling Mango's automated phone system, by talking to an actual representative or at an ATM. For each of these methods, Mango will charge you 50 cents. To avoid this fee, check your balance through your online account or use the YAP mobile feature to have the information sent to you in a text message.
You are able to use your prepaid debit card internationally, but if you use the debit card outside of the U.S., you will be charged two percent of the total purchase price for all transactions. Furthermore, if you use a foreign ATM, Mango will charge you the regular $2 fee plus two percent of the total withdrawal amount.
If you choose to close your prepaid debit card account with Mango, the company will charge you $10. If you have remaining funds on your card, you will receive a check for the remaining amount.
This prepaid debit card works on so many levels. Whether you're a business professional or a stay-at-home mom, Mango provides a card that you can use anywhere that MasterCard debit cards are accepted. There are two flexibility features that really stand out: the virtual card and the mobile capabilities.
Virtual card –You can make purchases online without having to give out your Mango card number. The virtual card has a secure account number, security code and expiration date. You can also use your virtual card to put cash on your Mango Card, for a $10 fee.
Mobile – You can check your balance, send money, track expenses and manage your prepaid debit card anywhere with the iPhone app. While we do love the iPhone app, we wish there was also an Android app available.
Many people who turn to prepaid credit or debit cards are facing financial woes, including debt and poor credit history. Sometimes a prepaid card is the only option because you don't need a credit check, you aren't charged interest for using the card and you can only spend what you load onto the card, so you'll never exceed your limit or overdraw your account.
A prepaid debit card can be the perfect option to help you get back on track. This is why the Mango Grove is one of our favorite features that anyone, even those who are not holders of a Mango debit card, can access. The Mango Grove is Mango's company blog, but it is so much more than a typical blog. Here, you can access thousands of articles about how you can better manage your money. Yes, that may sound like a snooze fest, but these articles are actually enjoyable to read. There are even short, entertaining videos that you can watch. We haven't seen anything like Mango Grove offered by any other prepaid credit or debit card, and we are more than impressed by this feature.
Other notable features include the savings account. No other prepaid card offers customers this feature, and it only costs $1 to open this additional account. Mango can provide 6% APY on up to $5,000 for active cardholders who are enrolled in the direct deposit feature. Anything in excess of $5,000 will yield only .010% interest. If you are not enrolled in direct deposit, you will still receive 2% APY on balances up to $5,000. Note in the fine print that Mango does attest that these rates can change at any time.
If you have extra funds on your prepaid card, you can transfer that money to your savings up to six times per month. You cannot transfer money from your Mango savings account to your card, however.
One of the features we found especially handy is the smartphone app and the optional text alerts. The smartphone app is free to download; however, be aware they do charge you 50 cents each time you transfer funds using the app. You might also appreciate the optional text alerts. You can choose to receive a text message any time your card is swiped. This is a great way to monitor usage of the card, and it will also keep you spending within your means.
Because you will be using the prepaid card primarily for making purchases, it is imperative that you have sufficient funds available. The Mango prepaid debit card has several simple ways for you to load money onto your card, including:
Direct deposit – Your employer can deposit your paycheck directly into your Mango account. Mango does not charge a fee for direct deposit.
PayPal – This is our absolute favorite money-loading option. Mango is one of the few companies that even give you this option. You can transfer funds to your Mango card directly from your PayPal account online or with the smartphone app. Mango doesn't charge a fee for a PayPal transfer.
Bank transfer – In order to transfer money from your bank account to your prepaid card account, the name on both accounts must be the same. Mango does not charge a fee for a bank transfer.
Cash – In this case, cash means a Green Dot MoneyPak. You can purchase this card from thousands of locations. You will load money to your MoneyPak card and then add that money to your prepaid card. Retailers can charge up to $4.95 for a MoneyPak card. This is our least favorite way to load money.
The customer service center, like everything else about this card, is impressive. The FAQs section is extensive and well organized, so you can find exactly what you need quickly. If you do not find your question among those listed, you can type a keyword or phrase into the search bar.
You can send your questions, concerns or suggestions via email or call customer service. Email and phone support are available Monday through Saturday, from 9 a.m. to 6 p.m. CST.
We are really impressed with Mango and its prepaid debit card. Any prepaid card comes with a set of fees, but not many companies are as straightforward about them as Mango is. And the ability to transfer funds directly from your PayPal account to your prepaid debit card is a stroke of genius. Compared to other prepaid debit card offerings, Mango has one of the best.
Mango offers handy features such as text alerts, a smartphone app and the ability to load your card using PayPal.
If you load less than $500 on to your card during a month, you will incur a $5.00 monthly fee.
The savings account feature and PayPal compatibility make the Mango prepaid debit a nearly perfect way pay with plastic without affecting your credit.