Which bank issues prepaid cards?

Top up your prepaid credit card - that's how it works

Prepaid credit cards are credit cards that cardholders use on a credit basis to lead. This means that, as with a prepaid card for cell phones, holders have to top up the cards with a credit balance. Only then can holders use the credit card - until the credit is used up. Credit cards cannot be overdrawn because they do not have their own credit limit. Both Visa and Mastercard issue prepaid credit cards through licensed savings banks and banks. For the card-issuing bank, with the lack of a credit option, the card model eliminates the risk of a credit default. Therefore, they issue the credit cards without prior Schufa query to interested parties with negative entries.

Attention, credit check for the current account

Few prepaid credit cards are tied to a current account when they are issued. In this case, it is possible that the card-issuing bank carries out a credit check for the current account.

Top up the prepaid card via online banking

The top-up options vary depending on the provider and prepaid credit card. Regular transfers, transfers via online banking, instant transfer, Giropay or cash deposits are possible. There are currently no prepaid credit cards that can be topped up via PayPal.

When making a transfer via online banking, proceed as follows:

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    Log in to your bank's online banking system with your details.

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    On the home page of your online banking, scroll down to your prepaid credit card.

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    Here you should see a button labeled “Load credit card”. If you don't see the button, a look at the documents might help. Click on the button.

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    After being redirected to an external site, you must now log in with your credit card details.

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    You can now view your card transactions and top up your prepaid credit card with the desired credit.

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    You can find out from your documents which data you write and where on the transfer slip.

Top up your prepaid card by bank transfer

Those who prefer to go to a self-service terminal over online banking can also top up their prepaid credit card there without any problems. Simply transfer the desired credit to your bank. Enter your card number as the intended purpose. Refer to your contract documents for more detailed information about the correct information when transferring to the prepaid credit card.

The transfer to the credit card account of the prepaid card can take a few days. If the card account and the checking account are with the same credit institution, the transfer can usually be processed more quickly.

Tip standing order

There is the option of setting up a standing order for the prepaid credit card with a current account. With a standing order, the prepaid card's credit card account would be regularly filled with a fixed amount.

Topping up the prepaid credit card by paying in cash

If your bank has branches near you, you can top up your prepaid credit card with cash at the bank counter. Simply give a bank employee the desired amount. Cardholders can also deposit cash at self-service terminals. The booking of the credit on the credit card account, as with the transfer, takes a few working days.

In some cases, cash payments can also be made to your prepaid credit card in cooperating shops. Prepaid credit cards from the petrol station can also be topped up with cash at the petrol station and kiosks.

Top up prepaid credit cards via Giropay or Sofortüberweisung

A top-up via Giropay or Sofortüberweisung makes the top-up process faster. The credit is usually booked on the card account within one working day. However, not all banks are connected to the systems. In addition, when topping up via Giropay or Sofortüberweisung, there are usually additional fees.

Prepaid credit card: the top-up limit

For some prepaid credit cards, the top-up amount is limited to a maximum amount. In addition, cardholders may encounter an availability limit when using the card to withdraw cash from ATMs. The limit is partly per day and partly per month.

Prepaid credit cards are definitely less flexible than “real” credit cards: They have no credit line, are restricted in their use by limits and the waiting time until the credit is available. Nevertheless, especially the free offers for people with a low credit rating can be worthwhile. After all, customers can use the card for payments online or in stores, as well as cash withdrawals at ATMs, just like a real credit card, without running the risk of getting into debt.

Leonie Wiesner