How to Reload Prepaid Visa Cards With a Money Order
Prepaid Visa cards are an increasingly popular way to manage finances. Prepaid cards are cost-effective, and permit individuals to set limits on their spending by only adding available funds to the prepaid card. You still enjoy the benefits of purchasing items in a credit card-based transaction, while actually using cash instead of a credit line. Adding money to your prepaid Visa card can be done in a variety of ways--including money orders.
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Things You'll Need
- Funds to purchase money order
- Form of identification, such as driver's license
- Prepaid Visa card
Instructions
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1
Visit a bank or financial institution (such as Money Gram, Western Union or a currency exchange) and ask about their fees and capabilities of issuing a money order directly to your prepaid Visa card.
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2
Request a money order to cover any transaction costs in addition to the amount you'd like added to your prepaid Visa. Banks and money transfer companies charge anywhere from $2 to $8 per transaction. Money orders can be bought using cash, debit and credit cards or travelers checks. Each institution will vary on their payment acceptance options.
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Find out if your money order needs to be mailed to the prepaid Visa company, or can be electronically added to your card by your financial institution. If your money order needs to be sent, allow processing time between your payment and when the funds will be available on your prepaid card.
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Request a confirmation number for the transaction, and ask how long before the funds are available on your prepaid Visa. Call the customer service number for your prepaid Visa card and confirm the transaction was successful.
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Tips & Warnings
If you are planning on frequently reloading your prepaid Visa with money orders, comparison shop for a prepaid card with more options. Western Union and Money Gram offer prepaid Visas and may include additional benefits and services not available through other companies.
