The MAGIC Prepaid MasterCard®: Spending Your Money, with Little Expense.
Understanding how and when fees are charged is an important part of managing your money.
If used properly, you can avoid almost all fees for your MAGIC Prepaid MasterCard other than the one-time setup fee and monthly fees. Review the prepaid card fees below to understand when fees are charged and what free alternatives are available to add money, get cash, and manage your MAGIC prepaid card.
Fee Schedule
| Type | Fee |
|---|
| One Time Setup Fee (Charged 1st time Money Added)* | $4.95 |
| Monthly Fee | $4.95* |
| Direct Deposit | FREE |
| From a Bank Account | FREE |
| Cash at a Retail Store (POS) | $4.95 (Fees may vary by retailer) |
| Cash Back at POS | FREE |
| In-Network ATM (ATM owned by us or MoneyPass®) | FREE |
| Out-of-Network ATM (ATM owned by 3rd party) | 2 Free* per month, then $2.50 each |
| Bank Teller Fee | $0.50 |
| Signature | FREE |
| PIN | FREE |
| Balance and Transaction History | FREE |
| Balance and Transaction Alerts via Email | FREE |
| Automated Customer Service (1.866.530.2272) | FREE |
| Balance and Transaction Alerts Via Text | FREE (3rd party fees may apply) |
| Live Customer Service | 1 free per month, then $2.00 each |
| Balance Inquiry | $0.50* |
| Online Statement | FREE |
| Paper Statement | $5.95 |
| Replacement / Second Card | $4.95 |
| Foreign Transaction Fee | 2% of Transaction Amount |
For example, if you initially add $50.00 to your Card, we will deduct the One Time Setup Fee and your Card balance will be $45.05 minus any other applicable fees.
Your first monthly fee will be assessed, if applicable, one month after the date you activate your Card and then on that same date each following month, or the last day of the month if you activated on a date that does not exist in that month.
“Free” refers to fees assessed by us. When you use an ATM not owned by us for a withdrawal or balance inquiry, the ATM operator may charge you a fee in addition to any applicable fees imposed by us.
Transaction Limits
| Type | Amount |
|---|
| Daily Maximum | $5,000 |
| Monthly Maximum | $10,000 |
| Monthly Maximum Number | 20 |
| Maximum Allowed on the Card | $10,000 |
| ATM, Bank Branch, or Retail Cash Back | $500 |
| Daily Store Purchases (Signature) | $1,500 |
| Daily Store Purchases (PIN) | $500 |
| Maximum Daily Purchase Amount | $1,500 |