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Mango Prepaid Mastercard review

A basic card with an avoidable monthly fee and free cash reloads — but strict APY requirements.

The Mango Prepaid Mastercard has a simple fee structure and a $5 monthly fee that’s waived with at least $800 in monthly direct deposits. The Mango card also lets you take advantage of free cash reloads, and it includes a bonus high-yield savings account. But you’ll need to meet strict transaction requirements to earn the advertised 6% APY.

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$5

Monthly maintenance fee

Details

Card typeCredit
Card networkMastercard
Monthly fee$5
Monthly fee with a direct deposit$0
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Review by


Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

The Mango card is a standard prepaid card with fewer fees than the competition. There’s no activation fee, cash reload fee or domestic transaction fee. Unlike other cards that reduce the monthly fee to $5 when you have at least $500 in monthly direct deposits, Mango card waives the monthly fee altogether when you have at least $800 in direct deposits.

That said, Mango card is best for those who have at least $800 in monthly direct deposits to waive the monthly fee. It also comes with the option of a high-yield savings account ⁠— but it isn’t worth it unless you spend at least $1,500 in signature-based purchases a month to earn the advertised 6% APY.

Although the Mango card has a simpler fee structure than other prepaid card companies, there are still quite a few fees to watch out for. With Mango card, expect to pay more for things like ATM withdrawals, international usage and account inactivity than you would with other cards.

How do I open a Mango Prepaid Mastercard?

Get your Mango card in six steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. From the Mango Money Card’s website, click Sign up.
  3. Review the fee schedule and click I understand.
  4. Select your card design.
  5. Enter your full name, email and phone number, agree to the terms and conditions and click Next.
  6. Enter the confirmation code sent to your phone, along with your date of birth, Social Security number and address and click Next.
  7. Follow the prompts to complete your application.

Eligibility

Open a Mango card if you meet these requirements:

  • US citizen or resident
  • At least 18 years old

Required information

To sign up for the Mango card you’ll need to provide:

  • Full name
  • Email address
  • Phone number
  • Date of birth
  • Residential address
  • Social Security number
  • Government-issued photo ID number

How long will it take to get my card?

You’ll receive your Mango card in the mail within seven to 10 days of completing your application.

What you’ll like about the Mango card

The Mango money card has no activation fee or credit check, and comes with these benefits:

  • Free cash reloads. Mango doesn’t charge any fees when you reload cash at a participating Green Dot retailer. But the retailer may still charge you a fee.
  • Avoidable monthly fee. As with most prepaid cards, there’s a $5 monthly fee. But Mango waives it when you make at least $800 in monthly direct deposits.
  • Rewards. Get $10 each time someone opens a Mango card and sets up recurring direct deposits using your unique referral link. Plus, special discounts for travel, shopping and more through Mastercard.
  • High-yield savings account. Every Mango cardholder gets access to a free savings account that earns up to 6% APY.

How does the Mango high-yield savings account work?

When you activate your Mango card, you’re automatically eligible to open up the high-yield savings account. Here’s how the interest rate breaks down:

  • Earn 6% APY on the first $2,500 in your account with a minimum $25 balance and at least $1,500 in monthly signature-based purchases
  • Earn 2% APY on the first $2,500 in your account with a minimum $25 balance and monthly signature-based purchases between $750 and $1,499.99
  • Earn 0.1% on balances over $2,500

What to watch out for

The Mango money card has these drawbacks:

  • Maximum card balance. You can’t hold more than $10,000 on your Mango card at any time.
  • Spending and withdrawal limits. You can’t spend more than $2,500 a day with your Mango card and withdrawals from ATMs, retailers and bank tellers are capped at $500 daily.
  • Miscellaneous fees. Mango card is advertised as a prepaid card with a simple fee structure — but that doesn’t mean it’s without fees. This chart breaks down common fees you may pay:
    FeeAmount
    Monthly fee$5 or$0 with at least $800 in monthly direct deposits
    GreenDot reload$0 — third-party fees may apply
    Bank teller withdrawal$2.50
    ATM balance inquiry$1
    ATM withdrawal declined$1
    Domestic ATM withdrawal$3
    International ATM withdrawal$4.95 + 3% of withdrawal
    International PIN and signature-based purchases$3 + up to 3% of total purchase
    Inactivity fee (after 90 days)$8
    Account closure fee$10
    Expedited card replacement$29.95

If you’re looking for a prepaid card with cheaper ATM withdrawal fees, explore other prepaid card options until you find one that suits your needs.

Is Mango money legit?

Yes. The Mango card is issued by Metropolitan Commercial Bank, which is FDIC insured for up to $250,000. Mango also monitors your transactions to prevent fraud. Plus, Mango is safer than using cash, because if your card is ever lost or stolen, you can get it locked and replaced by calling 1-855-687-2036.

Mango card reviews and complaints

We struggled to find recent online reviews of this card, which may be a red flag to keep in mind. Mango money is not accredited by the Better Business Bureau (BBB), and it doesn’t have any reviews or complaints on the BBB’s website. Nor does Mango have any reviews on Trustpilot. There are some customer reviews on a few less reputable review sites, and those reviews are mostly negative. There are also a handful of discussions about Mango money on Reddit, but most of those threads are at least five years old.

Is the Mango money card good for kids?

The Mango card is touted as a good prepaid card for kids. But it’s missing key features you’ll find with other kids’ prepaid cards. For example, you can’t set parental controls, track chores or receive money requests from your child’s account.

Also, your child needs to have at least $800 in direct deposits to avoid the monthly fee. If you have a teen who’s already working part-time, this card may be a contender.

But if you were hoping to open the optional savings account for your teen, keep in mind that they’ll need to spend at least $1,500 in monthly purchases to earn the highest APY.

We recommend exploring other kids’ prepaid card options.

Compare Mango Prepaid Mastercard with other prepaid cards

Compare other popular prepaid cards based on their monthly fees, service fees and additional features.

Name Product Annual or monthly fee ATM withdrawal Features
Brinks Prepaid Mastercard
Brinks Prepaid Mastercard
$9.95 per month (or $5 with a $500+ direct deposit, or $0 with pay-as-you-go)
$2.50
  • Mobile app
  • Direct deposit
  • Payback rewards
No credit check. No minimum balance. No late fees because this is not a credit card.
Netspend Prepaid Mastercard, WWE partner
Netspend Prepaid Mastercard, WWE partner
$9.95 per month (or $5 with a $500+ direct deposit, or $0 with pay-as-you-go)
$2.50
  • No activation fee
  • Payback rewards
  • No minimum balance required
No credit check, mobile check load, and now a WWE partner
Control Prepaid Mastercard
Control Prepaid Mastercard
$7.95 per month (or $5 with a $500+ direct deposit)
$2.95
  • Custom Card
  • Direct Deposit
  • Cash Back Rewards
No overdraft fees on card purchases. No credit check. No cost to order
Netspend All-Access Account by MetaBank
 Netspend All-Access Account by MetaBank
$5 per month
$0
  • Earn cash back on everyday purchases
  • Earn up to 6% APY with an optional Savings Account
  • Receive your paycheck up to 2 days earlier with Direct Deposit
With Netspend All-Access Account by MetaBank there's no credit check and no minimum balance to open an account.
PayPal Prepaid Mastercard
PayPal Prepaid Mastercard
$4.95 per month
$1.95
  • Manage money on the fly
  • Receive special offers and cash back rewards
  • Get your state and federal tax refund faster than a paper check
Use the no-cost direct deposit service and have access your funds up to two days faster than what traditional banks offer.
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I got the Mango card. Now what?

Make the most of your Mango card by following these steps:

  • Download the Mango app. Install the Mango app on your phone so you can manage your money on the go.
  • Set up direct deposit. If you make at least $800 monthly, you can set up direct deposit and have the $5 monthly fee waived.
  • Review the fee schedule. Watch out for Mango’s many fees. Review the fee schedule before you start using your card so you’ll know how to avoid them.
  • Fund your free savings account. With $25, open the free savings account that comes with your Mango card.

Funding options

There are four ways to add money to your Mango card:

  • Direct deposit
  • Cash at a Green Dot retailer
  • PayPal
  • Bank transfer from your checking account

Frequently asked questions

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