Before you apply for this card, read this!
Do you have a bad credit score or no credit history? Do you have no bank account? Or are you a student? If so, you could consider prepaid debit cards. Unlike debit cards, prepaid cards are not linked to a bank checking account. You transfer money to the card via direct deposit, online, at certain retailers, etc. and then you can use the card anywhere MasterCard or Visa debit is accepted.
The Mango™ MasterCard® Prepaid Card is one of the prepaid cards with the lowest fees that can be found right now. It is issued by Horizon Bank. Here I will do a detailed review of this card, and tell you what we like and dislike about this card so as to help you when you decide which prepaid card to choose from.
Things We Like About This Card
No monthly fee as long as you make a minimum of $500 deposit in your account every month. If not, the fee you will have to pay is only $5 per month, which is minimal.
No credit checks, and no bank account is required. Do you have bad credit or no credit history? That's OK. You can still enjoy the benefits of a prepaid debit card and shop anywhere MasterCard debit is accepted.
Your funds are fully FDIC-insured. In the event the bank goes bankrupt, your money will be secured by the FDIC. So no worries at all about the security of your funds!
You can use this card wherever they accept MasterCard, which is the vast majority of places, allowing you to use this card basically anywhere.
The card is free with absolutely no shipping or handling costs.
Free direct deposit and loading of cash, which can be done at thousands of retailers such as CVS and Walgreens all over the US. It's free to load your card through direct deposit, from a bank account, from a mobile phone, or online from another Mango customer.
No activation fee in order to start using your card.
Account management is free and you may check your account either on your cell phone or online without having to pay any money.
Checking your balance on your cell phone is free. That's convenience at no charge.
No transaction or purchase limit, since you can only spend what you have deposited in your card, and you can increase that amount to cover potential purchases as and when needed.
No overdraft fees, since you can't withdraw more than the amount you deposited.
Our Least Favorite Things About This Card
$2 ATM withdrawal fee. Each time you withdraw your money from an ATM, you will have to pay a $2 fee.
$4.95 fee to load cash at retailers with the Green Dot MoneyPak.
Doesn't help build your credit. If you want a card that helps you build credit, browse through our other prepaid credit cards for bad credit.
Our Verdict: 
4.0/5 Stars
Prepaid debit cards, such as the Mango TM Prepaid Debit Card, are great for people who have bad credit or no credit history. This card in particular has the advantage of having barely any fees, except for a $2 ATM withdrawal fee or when you load cash at retailers with the Green Dot MoneyPak. Other than that, there are no hidden fees with Mango.
A prepaid debit card helps you budget, as there is no way you can spend over your limit since you spend only what you put into the card. While these cards are often referred to as prepaid debit cards or prepaid credit cards for bad credit, they are simply prepaid cards.
If you want an easy and safe way to control your spending, then this just might be the card you're looking for. This is a card with minimal costs and huge advantages.
Mango™ Prepaid Debit Card By Horizon Bank
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