What are reloadable cards?

For people looking for greater control and security over their finances, reloadable prepaid cards can be the answer. They work just like a standard debit card, except there is no danger of spending more than you can afford. By pre-loading cash onto a reloadable card, you know exactly how much is available and can only spend what is on it.

A reloadable card can be used for everyday spending, online shopping, household bills and even when you are abroad. And because it is not linked to a financial account or credit card, there is added security for holders if a card is lost or stolen. Load up and pay as you go with a reloadable prepaid card – a smarter way of managing and spending your money.

How do reloadable cards work?

Once approved for a PFS reloadable prepaid Mastercard or Visa card, it will be sent to you within 10-14 working days to be activated via Interactive Voice Response (IVR). To get started, simply pre-load your card with money using our secure online account that you can access 24/7.

Any form of payment can be accepted, including loading via:

• Cash at over 30,000 PayPoint loading locations, including Post Offices
• Debit card online
• Via bank transfer or standing order
• Via wage transfer
• Via SMS text messages from your phone

You can use reloadable cards wherever major credit and debit cards are accepted. This can be restaurants, cafes or shops. It is only possible to spend up to the amount pre-loaded onto the card, however. This is a feature that makes it so beneficial for budgeting and managing finances; a reloadable prepaid card comes with no overdrafts and no negative balance. Once the card is out of cash, simply top up again.

Benefits of a reloadable prepaid card

A reloadable card is a flexible and convenient payment solution. It is fast and easy to apply for one, and there are plenty of benefits for customers:

• Available to more people: Approval for a reloadable prepaid card is not dependent on a credit check, nor is a bank account required to be accepted. We also offer all our reloadable prepaid cards with no fees upfront, so it is easy to get started.
• Pay-as-you-go debit card: Prepaid cards remove the need to carry cash around and allow you to manage your finances by only spending what you load.
• Easily manage your finances: Our cardholder portal allows you to reload your prepaid card online, while SMS functionality lets you make changes on the move.
• Accepted worldwide: Use your reloadable prepaid card anywhere that accepts Mastercard or Visa – either at home or abroad in 200+ countries worldwide.
• Great foreign exchange (FX) rates: Our work with a host of FX providers allows you to use our reloadable money cards with up to 15 currencies at a given time, perfect if you regularly travel abroad.
• Safety and security: A reloadable card is not linked to a bank account or credit facility, helping to protect you if your card is lost or stolen.

Get a reloadable prepaid card with PFS

PFS is authorised and regulated by the Financial Conduct Authority and we have issued more than 7.4 million cards to date, with a total loading volume in excess of £10 billion, so you can take out a reloadable card with us in full confidence.

Our long list of awards and client case studies are also proof that our products are perfect for people with hugely varying needs.

We have made it as easy as possible to apply for a reloadable prepaid card. We just need a few details to pass our KYC checks, and you will need to accept our terms and conditions. That’s it – no waiting for a credit check, no hassle, no worries.

If you need any information before applying, don’t hesitate to contact us and a member of our friendly team will be happy to answer any questions you have.

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