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ACE Flare® Account review: Get a convenient debit card a high-yield savings option
Read this ACE Flare® Account review and learn about this account's features such as convenient debit card and high-yield savings option.
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by Danilo Pereira
Understanding ACE Flare® Account: earn interest in both your checking account balance and your savings account
In this ACE Flare® Account review, you will learn about this account’s incredible features. It is meant for people with low credit profiles, but it offers excellent benefits to account holders.
How to get an ACE Flare® Account easily
In this ACE Flare® Account application guide we will show you how to open your account and start earning today.
- Sign-up bonus: N/A
- ATM fee: $2.50
- Rewards: N/A
- Other perks: Mobile App
- APR: N/A
ACE Flare® Account is a prepaid debit card. Its issuer is MetaBank, and the company has around 1,000 stores in 22 states.
The card works similarly to a checking account, so similar it is hard to see the difference. You can use this card pretty much like you would any debit card.
ACE Flare® Account: understand how it works
With the ACE Flare® Account, you can make purchases anywhere stores or merchants accept Visa.
The account earns 0.01% interest on the balance, which is really not much. Their savings account, however, earns 6% APY.
The card allows for purchases of up to $5,000 at a time. It also lets you withdraw $5,000 in non-ATM locations.
This sounds odd, but do not worry. You can use the card in ATMs for withdrawals of up to $400 per transaction, and $1,000 a day.
However, be mindful of ATM costs. There is a $2.50 fee for domestic ATM withdrawals and a $4.95 fee for international ATM withdrawals.
Over-the-counter withdrawals also have a $2.50 fee. You can avoid withdrawal costs by setting up direct deposits to your account.
The account does not have any minimum balance requirements, and it does come with a convenient mobile app. Both the app and the prepaid card are excellent tools for managing your spending.
Another excellent benefit is that with the ACE Flare® Account, you can have your paycheck or government benefit check deposited up to two days early.
Also, the account comes with overdraft protection. But you should avoid overdrafting at all costs. There is no fee if you overdraft less than $10.
However, if you go above that cap, there is a $20 fee which can only be waived if you bring your account back to zero within 20 hours.
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Significant benefits and disadvantages you may find
Now that you are familiar with the ins and outs of this account, it is time for a comparison.
Our ACE Flare® Account review would not be complete without a list of benefits and disadvantages. Have a look below.
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Benefits
- $0 minimum to open your account
- Free cash withdrawals if you set up direct deposits
- Mobile banking app
- 6% APY on your savings account
Disadvantages
- $9.95 monthly fee
- No welcome bonus
- Withdrawal fees if you do not set up direct deposits
- Requires you to enroll in overdraft protection manually
Is a good credit score required for applicants?
The ACE Flare® Account is meant for folks with poor credit scores. Therefore, you do not need to have a good credit score to qualify for this account.
Learn how to apply and get an ACE Flare® Account
Does the ACE Flare® Account sound like a fit to you? Then go ahead and take the next step applying for the account. Click the link below and follow our step-by-step guide.
How to get an ACE Flare® Account easily
In this ACE Flare® Account application guide we will show you how to open your account and start earning today.
About the author / Danilo Pereira
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