PROS / Mango offers a savings account with a high Annual Percentage Yield.
CONS / This prepaid debit card doesn't offer an online bill-pay feature.
VERDICT / Mango's savings account and the ability to use PayPal to load funds make Mango stand out.
Mango is a prepaid debit card that has the strongest mix of features, affordability and funding versatility of the cards we reviewed. We awarded Mango the Top Ten Reviews Gold Award because it offers you the best savings account in addition to reasonable fees. Mango is a VISA branded card and can be used wherever VISA can be used.
Fees & Charges
Mango has the usual fees that accompany reloadable debit cards. These fees include charges for withdrawals at ATMs, checking your balance at ATMs and a foreign currency conversion fee for when you use an ATM in another country. Mango also charges a monthly service fee. There is no cost for getting a paper account statement or for getting a replacement card. To learn about the fees on your card, we advise reading the cardholder agreement, which contains a detailed schedule of all the fees.
Where Mango stands out the most is in the features it offers. Like all the reloadable prepaid debit cards we reviewed, Mango does not require a credit check to sign up. It's important to know that Mango has no effect on your personal credit, so the card will not help you improve a poor credit score.
When using Mango, you can sign up for wireless alerts that send you a text message anytime the card is swiped or money is deducted from your account. This is useful for telling you when automatic payments go through and is a useful feature for keeping track of how much you spend. Mango charges no fees for this feature, but your phone carrier may.
Mango has a smartphone app for both iPhone and Android. With this app, you can view your account balance, reset your PIN and transfer funds.
One of Mango's best features is the savings account it offers cardholders. When you sign up for an account with Mango, you can open a savings account with only $1. You can transfer funds between the savings account and the regular debit account. Mango gives you six free transfers a month. The Annual Percentage Yield (APY) on Mango's savings account is the highest of any of the prepaid debit cards we reviewed. Once the account reaches a certain threshold, the APY drops.
Mango offers a variety of funding options. As with most of the cards we reviewed, you can have your paycheck or other government issued check directly deposited into your Mango account. You can also add funds to your card through bank transfers, Western Union and MoneyPak. Mango also offers the ability to add money through your PayPal account.
When doing a cash deposit, you should be aware that there is a limit on the amount you can deposit. There is also a maximum amount on your card and a limit to how much you can withdraw from an ATM each day.
Help & Support
Mango offers several options for support. There is a FAQs on its website, but if your question isn't answered there, you can contact this company by phone or through email.
We rated Mango as the best of the prepaid debit cards we reviewed. It has some of the best features, including a savings account with a high APY and text notifications that update you when money is taken from your account. Mango also rated well on the fees it charges and the options for adding funds to your card.