How does bluebird work

Unlike checking accounts, prepaid debit cards may lack some services such as free ATM or branch networks, checks, among others. Prepaid debit cards — pay before: You load money onto the card via cash, checks, direct deposit or a bank account before paying for transactions. Debit cards — pay now: You use money directly from a checking account when paying for purchases or withdrawing money from an ATM. Credit cards — pay later: You borrow money from a bank when you use the card and pay the money back later.

Prepaid debit cards nearly always have FDIC insurance, which keeps your funds protected in case the issuer goes bankrupt. Only financial institutions can have FDIC insurance, so a prepaid card is either managed by a bank or by a prepaid card company that partners with a bank to offer that insurance. You must register your prepaid debit card with your name and other identification information in order to be eligible for FDIC insurance and other protections.

Best for:. Bluebird Card Pros. Bluebird Card Cons. No cash back allowed at retailers. Frequently asked questions How much money can you put on a Bluebird card? How do I check my Bluebird card balance? This nearly fee-free card account is one of the best prepaid debit cards available.

It provides typical banking services without the high fees you often see from traditional banks. Amex Bluebird offers money management solutions to help with your finances on an everyday basis. Based on consumer feedback from an initial pilot program in , Amex Bluebird was launched in as a banking alternative partnership between American Express and Walmart.

Consumers felt traditional banking services were becoming less valuable and more expensive, so Bluebird presented a viable money management solution with fewer fees.

According to the Federal Deposit Insurance Corporation, more than 8. Today, Bluebird helps serve these households and anyone else who wants a simple and straightforward banking alternative. Bluebird funds are protected by FDIC insurance after about one business day from the deposit , and the program is backed by American Express, one of the largest credit card issuers in the world.

If you need banking services from a non-bank, Amex Bluebird is a legitimate option. It does, however, function similarly to a debit card with a checking account. With Amex Bluebird, you receive a reloadable card that attaches to your online account. Once you add funds to your account, you can use your card to pay for purchases in stores and online as long as the merchant accepts American Express cards. Access your Bluebird account at any time through the Bluebird website or the Bluebird mobile app.

Although your Bluebird account carries no monthly or annual fee, there are still fees attached to it. This document does not supplement or replace the Policy. Cardmembers are responsible for the costs charged by third-party service providers.

Services are available regardless of mileage from primary residence when traveling within the United States, Canada and Puerto Rico. Subject to additional terms, conditions and exclusions. Call for full terms and conditions.

Please call the number on the back of your Card for full terms and conditions. A conference call with members of the media will be held today October 8, at a.

An audio replay of the presentation will be available after the event at the same website address. NYSE: WMT serves customers and members more than million times per week at over 10, retail units under 69 different banners in 27 countries. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. About American Express American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success.

Learn more at americanexpress. Key links to products and services: charge and credit cards , business credit cards , travel services , gift cards , prepaid cards , merchant services , business travel , and corporate card. Cautionary Note Regarding Forward-looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of which are subject to risks and uncertainties. The forward-looking statements contain words such as "believe"," expect", "anticipate", "intend", "plan", "will", "may", "likely" and similar expressions.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Neither Walmart nor American Express undertakes to update or revise any forward looking statements.