- Gold Member
- Posts: 43
- Joined: Thu Jun 20, 2013 10:20 pm
- Location: CA
I got a plain Amex prepaid for my bf to use during this business trips to remote locations. It's one of the few prepaids out there with minimal fees. Other prepaids charge an exorbitant amount of fees for just about anything. I couldn't find anything about FTFs on their cardholder disclosure, so I'm not sure if there are any.
The only way to get fee free instant access to the funds on a prepaid is have a direct deposit allocation. Otherwise, you have to wait 4 or 5 days for the bank transfer to clear or pay ~$5 to load funds to the card from a customer service office for instant access.
IMHO, you're better off opening an account with your local bank or credit union and giving your sibling an ATM card to access this account. The bank will generally make the funds deposited or transferred from your existing account available right away. Your sibling might have to pay some ATM fees on his/ her end to access the funds, but it's generally less than the $12 Western Union charge.