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(REVIEW) American Express Serve Prepaid Card // Best Prepaid Debit Card - YouTube
Channel: Slava - Money
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American Express Serve is a reloadable prepaid
debit account.
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It provides you with a standard set of Amex
cardholder benefits like purchase protection
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and roadside assistance.
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None of the known Prepaid cards has this feature.
So Amex Serve is definitely worth attention.
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Hi, I am Slava.
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Welcome back to my channel about money.
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You probably saw this Amex Serve Prepaid Card
at retailers like Walmart, Walgreens, CVS,
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and others.
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It will cost you $4 to purchase the card.
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If you sign up online - it will cost you nothing.
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But, card replacement will cost you $5.
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This prepaid card can be used everywhere American Express is accepted.
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My advice for you is to be very careful when you
use it on pre-authorized transactions.
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For example, if you use this card to pay for
gas - pay inside the gas station.
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Paying at the pump will put a hold on around
$100.
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You can receive your salary on this prepaid
debit card.
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Set up a direct deposit, and you will receive
money up to 2 days earlier.
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You can link your account at another bank
and transfer money.
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You can use Mobile Check Deposit.
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Just take a picture of the check you received,
and it will be deposited automatically.
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The money will be available in 10 days.
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Or you can use the feature “money in minutes”
and pay 1% of the amount.
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1% is when you deposit checks with a pre-printed
signature.
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If your mom gives you a check - “money in
minutes,” it will cost you 5%.
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The minimum fee is $5.
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Deposit of $50 with money in minutes
will not be the smartest decision.
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Foreign Transaction will cost you 2.7% of
the amount.
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Withdrawals at MoneyPass ATMs will cost you
nothing.
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You can also pick up using a feature called
Cash Pickup Powered by Ria.
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It is available at over 4,500 Walmart, and
you will need to show your ID.
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and using this feature will cost you a fee.
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$3.50 fee for withdrawals up to $500
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There are 3 plans:
Amex Serve
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Amex Serve with Free Reloads
Amex Serve with Cashback
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Amex Serve will cost you $7 per month.
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But if you receive a direct deposit of more
than $500 - there will be no monthly fee.
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The plan with Cash Reload or cash deposit will cost you
up to $4.
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Just give your card and cash to the cashier.
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The money will be available within minutes.
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Amex Serve with Free Reloads will cost you
$7 anyway.
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With these free reloads, you will have free
deposits at over 4500 retail locations.
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Amex Serve CashBack will cost you $8.
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It will give you 1% cashback on all purchases.
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Unlimited.
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You will also have access to Amex 24 hours
support.
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And you will have access to all standard American
Express membership benefits.
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Purchase Protection is a kind of insurance.
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Usually, it is used to cover damaged electronics.
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Roadside assistance helps when you have an
accident on the road.
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There are many other benefits.
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Now I have to tell you about the limits of
the American Express Serve account.
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Your account cannot carry more than $100,000 at any given moment.
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You cannot deposit more than $10,000 per month
in any combination.
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You cannot spend or withdraw more than $15,000
per month.
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As a next step, I would recommend you to watch
my video about another prepaid card - Bluebird
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from American Express.
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Or you may want to watch my video about the
Green Dot Debit Cards.
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See you in my next video. Bye!
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