• The first thing I love about the Metabank Facecard prepaid MasterCard for college students, is the fact that there are limitations on the type of any amount of various transactions. As an example of this, the card can't be used to purchase illegal items, cigarettes, alcohol or adult services. There is also a restriction from buying firearms and ammunition. I have not seen this inclusion on any other card in the market, and it breathes a sigh of relief in the minds of the parents considering the card for their teens.

• This card also has limitations on the levels of spending available. A student can only withdraw one hundred dollars per day from ATM's. This is great because it makes the holder of the card think seriously about his or her needs, and helps them plan for likely expenditure without having to withdraw funds from a machine. Metabank has also loaded a restriction on the amount of money that can be loaded to the card. That maximum card amount is two thousand five hundred dollars. There is also a maximum daily spend total of one thousand dollars.

• Generally the Metabank Facecard prepaid MasterCard for college students has been designed with an understanding that teens have spending needs as well as adults. At the same time there is a strong emphasis placed on thriftiness and savings. By placing restrictions on the card, it makes things easy for the holder to budget, and with the added bonuses of parental control levels being able to be customized, the card makes perfect sense for anyone considering a prepaid MasterCard for their teen.

The strength behind the company is one thing that suggests products issued by this company are equally sound, and certainly worthy of serious consideration. Add to that the fact that this bank was formerly opened with nothing more than a cash box and borrowed vault, with ten thousand dollars in assets, and you can see that with today's almost one billion dollar asset base, the right decisions have been made along the way by the management team.
The Metabank Facecard prepaid MasterCard for college students is a debit card with a difference. It is not suitably aimed at people who have regular need to use ATM's as the transaction fees can be a little high. When compared with other prepaid debit cards on the market there is not a staggering amount of difference between them and this card. Although Metabank continues its strong emphasis on savings and home ownership, it has also understood that changing times have meant a need for parents to maintain some control of the spending habits of their teens. Being that this is a reloadable prepaid debit card, used in accordance with the standard MasterCard TOS, it can be used anywhere at anytime that MasterCard is accepted.

Aside from the fact that certain use of the card is deterred with higher transaction costs, the Metabank Facecard prepaid MasterCard for college students is still one of the lowest cost cards on the market. With only a five dollar application fee and low monthly account keeping charges, it is priced within the affordable reach of almost every family.

There is guaranteed instant approval given to anyone who applies for the card, with no credit check required at all. This is obviously because you can't get into debt with this card, as the funds you will have access to at any given time, are your prepaid funds, and not those from any bank or lender. This would have to be one of the main reasons prepaid cards are the best option for most people, especially teens who are learning effective ways to handle their money moving into the future. The fear and genuine risk of acquiring large amounts of debt, is something parents do not have to worry about here.

Deposits can be made to the card at many locations and also through direct deposit. This is another cool feature with the Metabank Facecard prepaid MasterCard for college students, because there are no fees attached to the automatic deposit of top up funds to your account. Some cards will charge you a fee to handle your direct deposit, but not Metabank.

We also see the inclusion of the ability to pay bills online with the card as well. This means that there is no need to be mailing checks to creditors, as your bills and accounts can be paid directly from your card account through the account holder's online control panel. You just enter the details of who is to be paid, and what amount they are to be paid, and the money is transferred without the hassle of checks, stamps, envelopes, or waiting for the mail. Of course this also keeps the creditors happy because they are paid on time, every time. By setting up a regular payments schedule to your creditors, you know that your payments will be made by the due date. This is also a great way to build your overall creditworthiness for future lending requirements if necessary. Again there are no fees for these online payments.

If you know other people with the Metabank Facecard prepaid MasterCard for college students, you can also transfer money to them online, without the lengthy delays of getting a wire transfer organized. When compared with the time and cost of initiating a wire transfer, the card makes all the sense in the world, with no fees being charged for this service.

One of the great incentive programs attached to the card is what are known as 'Prewards." These are rewards that act like coupons from retailers and establishments that are in the network, who will automatically allocate and deposit Prewards to your Facecard account. These are rewards that are given for future use and need to be accepted within a given period of time, in order for them to remain valid. You will ne notified by Facecard when these incentive invitations are on your account to be accepted, and then you have the option to use them or not.
In their understanding of parental needs to take some control over the spending habits of their kids, the bank has taken this one step further, with the parents actually being able to decide how much control they need or want in this area. Obviously this control may be a little more detailed for parents of a teen aged 13 years, but in the case of someone who is 16 or 17 years of age, it may be that the parents do not require as much control. These levels of controlling interest can be selected and set by the parents applying for the card. Anyone over the age of 13 years can apply for the Metabank Facecard prepaid MasterCard for college students.

There are lots of great restrictions on these cards. This means that parents can relax with some peace of mind that the teen is not out spending money on things they should not be buying. A fantastic control feature that is built into the card itself means that the card can't be used to purchase gambling or any illegal activities, nor can it be used to purchase adult entertainment, alcohol, tobacco, firearms, or ammunition. Combine these restrictions with the limitations on daily spending, and you have yourself a very complete package of responsible spending initiatives, designed to teach your teen about budgeting, saving, and building for the future.