Chase Liquid Prepaid Debit Card Review: ATM Withdrawal Limit
The Chase Liquid prepaid card is a game-changer to the financial world. Read below to find out its ATM withdrawal limit and some of the other features it boasts of, to manage your money effectively.
The Chase Liquid Prepaid Visa is designed for consumers who want the convenience of paying with plastic but don’t want (or don’t qualify) for a regular credit card. Prepaid cards only allow you to spend money already in your account.
So you can avoid interest payments, bounced checks, or overdraft fees.
Chase Liquid Prepaid Visa does not require a credit check, so approval is guaranteed. However, it will not help you build credit and some online merchants don’t accept prepaid cards.
Pros and Cons Chase Liquid Prepaid Debit Card
- Good for people who want the perks of a checking account with budgeting help and no credit check
- No fees to open or activate – just $25 opening deposit
- Can reload money for free in various ways
- Fraud protection alerts
- No checking writing abilities
- $4.95 monthly service fee
- Can’t link to other accounts
- Difficult to load money onto the card if outside of the Chase network
Chase Liquid Prepaid Prepaid Card Fees & Limits
- Minimum Initial Load: $25
- Monthly Service Fee: $4.95
- Cash Loading Fee: $0
- Cash Withdrawal Fee: $0
- Non-Network ATM Fee: $2.50
- Declined Transaction Fee: $0
- Deposited Item Returned Fee: $12
- Daily ATM Withdrawal Limit: $500
- Daily Debit Purchase Limit: $3,000
- Monthly Cash Deposit Limit: $4,000
People who already own a Chase checking account do not have to pay the monthly fee. Yet another feature that makes the card especially good for use with an existing Chase bank account.
As long as you stick to using Chase’s own ATMs, Chase Liquid won’t cost you any fees to load or withdraw money. Each non-network ATM transaction, including balance inquiries, will cost you $2.50.
Chase Liquid’s fees represent one of the better deals you can find outside of the standard debit cards you get with regular checking accounts.
The $4,000 monthly limit on deposits only applies to direct cash loading, meaning that you can load an unlimited amount of money through other channels like direct deposit and transfers from a Chase checking or savings account.
In any case, $4,000 is high enough for most prepaid card users to use Chase Liquid without worry. As for withdrawals, the ATM cash limit of $500 and the debt limit of $3,000 are the same daily limits imposed on regular Chase accounts, so there’s no disadvantage to using Chase Liquid as opposed to those options.
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Chase Liquid Prepaid Debit Card Features
- Withdraw Cash – With a Chase Liquid Card, your cash is more accessible. Take advantage of access to over 16,000 Chase ATMs (withdraw up to $500 per day).
- Pay Bills – pay bills online with Chase Online Bill Pay or you can use your Chase Liquid Card to a payphone, electric, cable, and any other bill at merchant sites where VISA®debit cards are accepted
- Load your card – via Direct Deposit, Chase QuickDepositSM on your mobile device, load cash or checks to your card at Chase ATMs, or load money at any Chase branch. Cash loads are limited to $4,000 per month.
- Flat monthly service fee of $4.95
- Monitor your balance
- Chase Liquid Card can be used for purchases virtually anywhere VISA® debit cards are accepted, excluding rentals such as cars, equipment and furniture.
Cash Reload Methods Include Chase ATMs and Mobile Deposit
One of the best features offered by Chase Liquid is that the card offers many ways to reload money for free including:
- Chase ATMs that accept deposits
- 5,400+ Chase branches
- Online transfers
- Chase QuickDeposit
- Direct deposits for government payments or paychecks
If these reload and deposit options match your financial situation, then Chase’s prepaid card becomes even more suitable for you.
Chase Liquid ATM Withdrawal Limit
Chase Liquid® Card has a $4.95 monthly service fee and must be opened in person at any local Chase branch
If you already own a Chase checking account, you do not have to pay the monthly fee. As long as you stick to using Chase’s own ATMs and branch locations, the Chase Liquid® Card won’t cost you any fees to load or withdraw money.
Chase liquid ATM withdrawal limit is $2.50.
Since it’s fairly common to see loading and withdrawal charges on other prepaid debit cards, the Chase Liquid® Card’s fees represent one of the better deals you can find outside of the standard debit cards you get with regular checking accounts.
Chase Liquid Compared to Other Options
While you’ll notice that more traditional bank products like checking accounts and savings accounts tend to be fairly similar wherever you look, prepaid debit cards are newer and have fewer regulations around them.
This has led to a more diverse market of options, so we compared Chase Liquid with other available cards to find out where it stands.
Chase Liquid vs. BlueBird
BlueBird is WalMart’s prepaid debit card program, serviced through Walmart retail stores and the MoneyPass ATM network.
This makes BlueBird as widely available as Chase Liquid, but in different regions: while Chase tends to focus its branches and ATMs in major cities and metropolitan areas, BlueBird is easier to access in suburbs and other places Walmart operates.
If you find yourself deciding between these two cards, it may be best to start by checking how close you live and work to either a Walmart store or a Chase branch. If both are available, the BlueBird will likely be the better choice, since it comes with zero monthly fees.
Chase Liquid vs. NetSpend
NetSpend is one of the longest-running prepaid debit programs, and accordingly, it operates one of the largest networks available. However, it costs $3.95 each time you reload your card, making it far less affordable than Chase Liquid on a day-to-day basis.
NetSpend also charges $2.50 on each ATM cash withdrawal and $1.00 each time you get declined at an ATM. While the card offers some reward perks at certain merchants, the list of incidental fees on NetSpend means that Chase Liquid is a simpler and more hassle-free experience.
Chase Liquid vs. RushCard
RushCard made the news in October 2015 for a disastrous service outage that led to thousands of customers being locked out of their accounts and unable to access their money for weeks. One year on, the RushCard costs $3.95 to $9.95 to activate and up to $7.95 each month.
You can reduce the monthly fee to $5.95 with direct deposits to the account, or you can opt for the “pay-as-you-go” plan: no monthly fees in exchange for a $1.00 fee on each debit purchase, up to $10 a month.
If you plan to use your debit card more than six times a month, Chase Liquid is the more cost-effective option; however, not all customers may have a Chase branch close to their location.
If you’re looking for a prepaid card with minimal fees and plenty of reaches, it makes sense to look into the Chase Liquid card. Surely, with Chase Liquid Card you’ll gain access to Chase online bill pay.
If you don’t live near any Chase ATMs, however, you might be better off considering one of the other top prepaid cards on the market.
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