If you’re wondering what bank can I withdraw money from my Emerald Card, this article is for you. Everybody knows financial inclusion is on the rise globally. According to statistics from the World Bank, 1.2 billion adults have obtained an account since 2011. This means a global increase from 62 percent to 69 percent. Being banked implies several benefits both for people and companies.
In the last decades, the financial system has overcome many changes, especially regarding advances in digital technology. The pandemic experienced in 2020 demonstrated the importance of upgrading the banking channels and how the financial system ecosystem operates.
Digital banking has made everybody’s life easier. Without question, it widely facilitates access to the system and allows greater inclusion of the population. Digital banking is one of the many advantages of belonging to the system.
Digital Banking: The New Way To Go
Being part of the banking system means having access to savings and credit products with a financial institution. Using these products satisfy our financing, payment, and savings needs. And not to forget that it is probably the safest method to save money.
Another technological innovation in the financial field is the ATM. Today, ATMs not only serve to make cash withdrawals but also allow cash deposits to third parties, with or without a debit card. Among the many benefits offered by ATMS, it saves time and improves customers’ quality of life. It can be used 24 hours a day, seven days a week.
Another novelty of the financial system is the integration of cards, debit, credit, and prepaid cards. They are perfect because they represent a safe way to pay without carrying money. Cards are usually considered the ideal means to pay without having cash comfortably.
Prepaid cards are the most accessible financial products since the entity will not have to do a customer solvency study. Prepaid cards are tied to MasterCard or Visa.
Emerald Card is one example of a prepaid card tied to MasterCard. Nonetheless, many people using Emerald Card always have the same question: can I withdraw money from my Emerald Card? And if so, what bank can I withdraw money from using my Emerald Card?
The Emerald card offers many perks, which will be detailed next.
What Is the H&R Block Emerald Card?
H&R Block is an American company that has become one of the world’s leaders in tax preparation services. It operates in Canada, the United States, Puerto Rico, other U.S. territories, and Australia. They were founded in 1955 by brothers Henry and Richard Bloch to guide and provide the public with high-quality tax services.
As times changed, so has H&R Block. H&R Block has adapted to many positive changes, combining knowledge, technology innovations, and digital services. You are one of the most notable births of the Emerald Card. The Emerald Card is an H&R Block prepaid MasterCard. In other words, the Emerald Card is a reloadable prepaid debit card for direct deposit of your tax refund that can be used year-round with easy access to your funds.
Besides, H&R Block Emerald Card is a bit more lively than a typical prepaid card that loads and unloads, making it one of the most recommended prepaid cards. According to Kansas Business Journal, “H&R Block has about 2.5 million clients who use the Emerald Card, loading more than $8.7 billion and making it one of the country’s three largest prepaid card portfolios.”
How Does the Emerald Card Work?
The Emerald Card is a prepaid debit card that operates like any debit card. Like any prepaid card, the H&R Block Emerald Card can pay bills, make purchases, and even earn cash rewards. The best part is that this card does not have any fees: no monthly fee, no signature transaction fee, and no PIN transaction fee.
It offers a mobile app to track your account, such as having easy access to your funds, carrying out transactions with just a few taps, and reviewing your card balance and transaction history. It also allows you to pay bills with no overdraft fees, and you can keep using the card even after you’ve spent your refund. You can also send money to other people and transfer money to a bank account.
Besides, the Emerald Card allows you to add money to your card account by receiving a direct deposit (payroll, unemployment, or government benefits) and loading a check through the MyBlock mobile app.
How To Get an H&R Block Emerald Card?
To apply for an H&R Block Emerald Card, you have two options:
- In-person: go to your nearest H&R Block tax office,
- Or online: using the H&R Block digital tax preparation product.
How To Add Money?
Adding money to the Emerald Card account is similar to a debit card case. If you want to add money, you need to make a direct deposit of your payroll, unemployment income, government benefits, etc. Then, it will be directly deposited into your account.
Another option is to load cash at Walmart, 7-Eleven, Dollar General, etc. You may find the nearest location by using the mobile banking app.
Can I Overdraw My Emerald Card?
The answer is easy and direct: no. Any bank A bank charges up to $45 for an overdraft fee. But no Emerald Card. It does not have an overdraft fee.
Can I Link My Emerald Card To The Cash App?
Currently, this feature isn’t available for prepaid cards such as the Emerald Card. In addition, the Cash app-only tolerates linked bank accounts, so credit or debit cards are tied to Visa, American Express, MasterCard, or American Express.
Via H&R Block
At Which ATM Can I Use My Emerald Card?
The Emerald Card can be used anywhere Debit Mastercard is accepted. In addition, the H&R Block Emerald Card can be used in any ATM that accepts the MasterCard, Maestro, or Cirrus brand.
However, some ATMs might put on a surcharge for using the ATM. This could be an extra $3 for ATM withdrawals.
How much can I withdraw from the Emerald card?
Unlike other cards which offer an ATM withdrawal limit of $1,000 or less per day, the Emerald Card offers a higher daily ATM limit of $3,000.
However, it is essential to state that Esmerald’s cash load limit is $1,000, lower than the average, usually $2,500.
Which ATM allows withdrawing $1,000?
Indeed, most financial institutions have a daily ATM withdrawal limit of $300 to $3,000. So several allow withdrawing up to $1,000. Such are Bank of America, Allied Bank, Capital One, BMO Harris, and many other central banks.
The banks with the highest withdrawal limit will be Bank of America, Citibank, and Bank of the USA.
Notwithstanding, if you need to withdraw more money from your account, you can always get cash back from a store or visit a branch.
H&R Block Emerald Card Benefits
There are many benefits of having an H&R Block Emerald Card. However, prepaid cards do not offer the same benefits as credit cards.
You can make any purchase, whether it’s online or in-person, anywhere when a MasterCard is accepted. In addition, you can get cashback in several grocery stores, drug stores, and discount stores.
H&R Block has several cash rewards programs. For example, you can use the Emerald Card at the stores affiliated and get cashback.
The Emerald Card can be managed entirely online with the mobile app making it possible to review past transactions, account balances, statements, and any other detail related to the financial status of your card. Furthermore, unlike other prepaid cards, the Emerald Card allows you to add cardholders to your account. Last but not least, one of the nicest benefits of the Emerald Card is it does not charge any fee:
- No annual fee
- No monthly activity fee
- No overdraft fees
- No charge to make a purchase
- No charge to request a card with your name on it
- No charge to call customer service
- No charge for text message updates
Via Emerald ATM Services
Final Lines on -What bank can I withdraw money from my Emerald Card
In conclusion to the question – What bank can I withdraw money from my Emerald Card, we can say that if you are looking for a great prepaid card that is also accepted in many places, the H&R Block Emerald Card is the best option.
Overall, it is an excellent prepaid card. It is pretty innovative and versatile since you can use it wherever you go. Such a card is an innovation that represents an efficient change in the financial system.
It is a prepaid card that behaves pretty much like a debit card. You can use it everywhere you would use a debit card.
And the best part, there are no fees, unlike many debit cards that charge you any fees. So if you are looking for a prepaid card to use continuously, the Emerald Card would be great. And while some people still doubt the trustworthiness or transparency of the digital banking industry, there’s no doubt that the world has changed, and we’re all heading in that direction. It’s time to embrace the future.
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