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Mango Prepaid Mastercard review

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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. Cardholders can take advantage of free cash reloads and a bonus high-yield savings account. But you’ll need to meet strict transaction requirements to earn the advertised 6% APY.

$5

Monthly maintenance fee

Details

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

Expert review

Cassidy Horton

Review by


Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, 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.

What you’ll like about the Mango card

The Mango Prepaid Mastercard 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 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.

Compare Mango Prepaid Mastercard with other prepaid cards

Name Product ATM withdrawal Annual or monthly fee Features
Greenlight
$0
$4.99 per month
  • Allowance payouts
  • Usage notifications
  • Parent-paid interest
Greenlight is the prepaid debit card for kids that parents manage from their phones with flexible parental controls.
BusyKid
$19.99 per year ($1.67 per month) includes free card; $7.99 per year ($0.67 per month) for additional cards
  • High load limits
  • Invest in real stock
  • Donations to 30+ charities
The BusyKid Visa® Prepaid Spend Card gives your kids the freedom to spend anywhere Visa® is accepted, and parents see every transaction made.
ACE Flare Account
$2.50
$9.95 per month (or $5 with a $500+ direct deposit)
  • Earn interest on your Flare Account
  • Optional Debit Card Overdraft Service
  • Get paid up to 2 days faster with Direct Deposit
Withdraw up to $400 in cash per day without a fee at participating ACE locations when you have qualifying Direct Deposit activity.
FamZoo
$0
$5.99 per month
  • Free trial
  • Real-time requests
  • Parent-paid interest
Teach your children good money habits with this comprehensive prepaid card and account.
Brinks Prepaid Mastercard
$2.50
$9.95 per month (or $5 with a $500+ direct deposit, or $0 with pay-as-you-go)
  • Mobile app
  • Direct deposit
  • Payback rewards
No credit check. No minimum balance. No late fees because this is not a credit card.
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How do I get the Mango card?

Get your Mango card in six steps:

  1. Go to the Mango Money website and click Sign up.
  2. Review the fee schedule and click I understand.
  3. Select your card design.
  4. Enter your full name, email and phone number, agree to the terms and conditions and click Next.
  5. Enter the confirmation code sent to your phone, along with your date of birth, Social Security number and address and click Next.
  6. 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.

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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