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As the Occupy Commercial motion begins its third year of putting the profit-motivated financial industry to shame, supporters of the cause have intentions of introducing a prepaid debit card to the underbanked and those without a bank account. Regrettably, it’ll probably have problem taking ground from similar prepaid cards provided by the most significant names in the market.

Called the Occupy Card, it’s the first of numerous “low-priced, transparent, high quality monetary services to the 99 %,’ according to the Occupy Money Cooperative.


  • $0.99 monthly fee
  • Cardholders who publish five direct deposits will become a no-monthly-charge member.
  • Users can likewise make 15,000 OMC (Occupy Money Cooperative) points to become a free person.
  • Points can be made by publishing direct deposits and loading funds onto the card.

ATM gain access to and customer service costs

On the month-to-month cost alone, the Occupy Card already beats many other contending prepaid cards.

Green Dot’s prepaid card has a $5.95 monthly, avoidable with a $1,000 month-to-month lots or with 30 regular monthly acquisitions published. Chase’s Liquid prepaid card has a flat regular monthly cost of $4.95.

But, the Occupy Card has it’s own imperfections when it concerns ATM access and service fees. Cardmembers go through a $1.95 charge for each ATM withdrawal, $0.99 charge per automated telephone call and $2 charge when talking to a live agent.

Many prepaid card companies have the tendency to partner with ATM networks so that customers have a complimentary or low-cost choice to withdraw cash.

Green Dot partners with MoneyPass to provide surcharge-free ATM access to 22,000 MoneyPass ATMs nationwide. Chase Liquid customers can use any Chase ATM to access their money completely free. Neither one will charge a cost to call customer service.

Consumers who use ATMs often would wind up paying a huge quantity of fees with the Occupy Card. For those who do not expect to make use of ATMs or connect for consumer support often, the Occupy Card is a low-priced choice – as well as better for those who become no-monthly-charge members.

Bluebird reigns supreme

The Occupy Card stays inferior to the highly-acclaimed Bluebird account from American Express. Bluebird has no month-to-month charge and no customer care costs. With direct deposit, Bluebird clients can use MoneyPass ATMs free of charge. And, consumers have the capability to add money to their accounts at Walmart completely free.

If the idea is to support the Occupy Exchange movement and to refrain from becoming clients of significant financial companies, then the Occupy Card is worth the consideration. Otherwise, from a cost point of view, it’s really hard to beat the Bluebird account.

There’s no launch date for the Occupy Card. The OMC is currently wanting to raise about $1 million to start operations. All terms and functions of the Occupy Card can change prior to launch.