Lycamoney Prepaid Card Review

The Lycamoney Prepaid Card is available for purchase at www.lycamoney.co.uk

GBP CARD

^£4.99

Issue Fee

Monthly Fee £0.00

UK POS £0.00

UK ATM £1.50

FX FEE 1.50%

INTL POS £0.00

INTL ATM 1.50%*

LOAD Load for FREE via Bank Transfer , £1.50 via Post Office

*INTL ATM - The fee is 1.50% with a minimum fee of £1.50.

Find out more

The Lycamoney Prepaid Card comes with a few extras which make the card even more appealing than it already is and these include

Free SMS Text Alerts on all spend
£5 Free Lycamobile credit upon 1st load
10% Extra Mobile Minutes when you top up your Lycamobile with your card

Visit the Lycamoney Website to find out more.

Product Snapshot
The Good
The Not so Good
Rating

The Lycamoney Prepaid MasterCard provided by Lycamoney Limited offers consumers two amazing new prepaid cards; the Green Lycamoney Instant Issue card with guaranteed acceptance for all as well as a FREE upgrade to the Silver Lycamoney Prepaid Card. The Silver prepaid Card comes with the added feature to allow cardholders to send money for FREE using Lycamoney's card to card transfer functionality.

Lycamoney offers cardholders the option of adding up to three companion cards linked to the main prepaid card and these cards can be sent by the main cardholder to the secondary cardholder almost anywhere in the world. What makes this offer even better is that if the customer is a Lycamobile customer or they become a Lycamobile customer after they purchase their card they will receive £5.00 FREE Lycamobile credit upon activation and first load, thereby making their prepaid card purchase FREE.

For cardholders that top up their Lycamobile via their Lycamoney Card, there is an additional 10% bonus credit every time they top-up their Lycamobile. Both the Green and Silver Lycamoney Prepaid Cards have no monthly fee, no transaction fee and very low ATM fees.

The Silver upgraded prepaid cards can also be loaded via bank transfers free of charge and these funds will normally arrive the next working day. Available in GBP, with a foreign exchange fee of just 1.50% above the MasterCard mid rate, the Lycamoney Cards offer a cost effective way to carry travel money.

Available as an Instant Issue Card and a full KYC silver prepaid card, the Lycamoney prepaid Cards come with an attractive design and more importantly, an attractive fee structure. With Free transactions in the UK and abroad and a low ATM fee, the Lycamoney Prepaid cards are definitely consumer usage friendly. Contacting customer services is also not a painful premium number but a much healthier lo-cal number. The Interactive SMS features and balance alerts are a sure winner.

The Lycamoney Prepaid Cards are available in GBP currency only which means that you do incur a 1.50% FX fee (one of the lowest in the UK) for usage abroad but an excellent option for daily use in the UK and for sharing money with friends and family.

Lycamoney Prepaid Card
Reviewed by Prepaid365 on 8th June, 2011.
Simplicity and Innovation with Lycamoney Prepaid
The Lycamoney Prepaid Card is available for purchase at www.lycamoney.co.uk.
Rating: 4.5

Application Process

You can apply for Lycamoney Prepaid Cards online using a rather simple application process.

Apply online: You can apply for the Lycamoney Prepaid cards by simply visiting the Lycamoney Prepaid Card website and completing the online application form where a card will be issued to you. That’s it – your fully personalised card is on its way and should be with you in 5-7 days.

Note: As long as you live in the UK and are 18 or over, you’re guaranteed to get one. Green card holders can upgrade to the Silver card by providing KYC details.

Card Features

Fixed Fee Cash Loading: £1.50 at Payzone/ePay agents and just £1.50 at Post Office Branches nationwide.
Low FX Fee: Very Low foreign exchange fee – 1.5% (one of the lowest in the UK)
Multiple Companion Cards: Cardholders can request up to 3 companion cards on their account compared to a single companion card on most other products.

Card Design

The beautiful green Instant Issue Lycamoney prepaid card is complemented by the fully personalised and sophisticated Silver Lycamoney prepaid card.

Card Fees

An attractive fee structure with some of the lowest ATM fees around and fixed fee loading at over 35,000 UK locations

Card Issue Fee: £4.99
Monthly Fee: FREE
Transaction Fee UK: FREE
ATM Withdrawal Fee UK: £1.50.
Reload Fee: Bank Transfer Load FREE*, £1.50 via Post Office/Payzone/ePay.

*Note: Bank Transfer, Standing Orders and Wage Transfers are only available as loading options on the fully personalised Silver Lycamoney Prepaid Card

Account Management

Lycamoney Provide a comprehensive online account management and IVR Facility. These facilities can be used FREE of charge for the following:

24/7 Online Access to account information
Balance alerts via SMS after every transaction
IVR access to account information
24/7 Call centre
Interactive SMS features for Lycamobile users

Remember, all this functionality is available to you absolutely FREE!

Using Abroad

The Lycamoney prepaid Cards are currently available only in GBP. A Mastercard branded prepaid card, these cards can be used around the world at over 32 million global locations for purchases. The Silver card can also be used for making International cash withdrawals at over 1.5 million ATM’s displaying the Mastercard Acceptance Mark.

POS transactions abroad are free subject to an FX fee of 1.50% if used in a region with a different currency from GBP. Use of ATM’s abroad incur a £1.50p or 1.5% of the amount withdrawn whichever is higher

So you can definitely use your Lycamoney Prepaid Cards around the world but if your main intended usage is abroad, then it may be worth considering prepaid travel cards.

Reload Options

You can load your Lycamoney Instant Issue Prepaid Card and the Silver Full KYC Lycamoney Prepaid card with Cash at Payzone and Post Office Locations across the UK. Additional loading options are available for the Silver Card

Green and Silver Lycamoney Prepaid Cards

Using Cash at Post Office – £1.50
Using Cash at Payzone – £1.50
Using Cash at ePay – £1.50

Additional Options for Loading the Silver Lycamoney Prepaid Card

Standing Order – FREE
Bank Transfer – FREE

Note: The minimum load amount is £10.00 for all options. You can find additional details at the Lycamoney Prepaid Card website.

Customer Services

The Lycamoney prepaid Mastercard customer services team can be reached using various options as detailed below.

Telephone: +44 (0) 207 132 1100 (Available 24/7 )
Email: info@lycamoney.co.uk (General Enquiries)
Online Support Centre: On the “Contact Us” page of the Lycamoney Website
Lost and Stolen: +44 (0) 207 132 1101 (24/7)
By Post: Lycamoney, 3rd Floor, Wallbrook Building, 195 Marsh Wall, London, E14 9SG

Complaints Procedure

The Lycamoney Prepay Card team are dedicated to responding and resolving all complaints as quickly as possible and complaints can be sent across to customer services using the contact details above. It is the policy at Lycamoney to answer complaints within 5 working days if they cannot be resolved immediately upon being raised.

If you are still not satisfied after following these procedures, you can ask the Ombudsman to review the complaint. Alternatively you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London, E14 9SR or telephone 0845 080 1800. Calls may be recorded.

Awards

If the Lycamoney Prepaid Card proves as inspired an offering as Lycamobile, then this space should not be vacant for too long!

Overall Card Rating

Simplicity and Innovation with Lycamoney Prepaid!

Get the Lycamoney Prepaid card now

Lycamoney Prepaid Card Review was last modified: April 27th, 2015 by Prepaid365

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What Lycamoney Cardholders say...

“
I congratulate you for the excellent service that you have provided me.
Nicola S., Italy
“
Many thanks for that. Excellent customer service!
Sean B., UK
“
It was really super. We used them in taxis, hotels, shops, airports. Really convenient.
Malachy O., Ireland
“
I found out about ukash through the money saving expert websitevand it is truly great for when travelling in Europe. I got the euro pre-paid travel mastercard, which you get for free and no charge for delivery. It says on the website 5-7 days for delivery and I got mine in 5 days exactly. So simple to register the card and you get the PIN immediately via text, so you can use straight away. You use it just like you would your own card but no charges for using abroad and was by far the best rate I could find when I was topping it up with euros. Easy to top up and view your balance using an online account and secure as anytime an important transaction was made you get an email. Couldn't recommend this any more!!
Emma
“
I decided to get a Ukash card as my son was off to the USA on a school trip and I didn't want him taking money or travellers' cheques. It tuned out to be a great decision as he lost cash but fortunately not the card so he still had a good time.
Richard
“
Having read the positive reviews about the Ukash Travel Money Card, I decided to give it a go and I am now very happy I did. The exchange rates are fantastic and good value for money. The website was very simple to use and I got my card within 5 days. I will tell all my family and friends about Ukash.
Joy
“
Not usually one to leave reviews, however this product was really useful. Used it to exchange some Euros for a short trip and was cheaper than the airport. Also didnt incur any charges while out there.
Ben Gough
“
Trouble free, decent telephone support. Have used the card without problems.
James Cummins
“
Been using them for some time now and I've been pretty happy with the transaction process thus far. Some ecommerce store only accept them instead of Paypal especially stores from the Asia region. Verification can take some time but since it's for our own protection, I guess it's acceptable.
James Darronte
“
Have been using for a month to pay online stores that do not accept paypal. Fairly good security/verification processes leave me feeling confident my finances are secure.
Mark Hewetson
“
So far it was the best and easiest way for me to make online transactions and payments. I ditched paypal and alertpay, cause there were too much hustle and online policies, which ruined online shopping, at least for me.
Bosica
“
I've used the T24 BlackCard for about two years now, and I recommend it to friends and clients whenever I can. It's easy to use and they've got extremely forthcoming and personal service. My firm has chosen to implement the card as part of our partner packages as the obvious way of managing our payrolls and travel expenses.
Michael Philips
“
My experience using T24 BlackCard could not be better. It is secure, worldwide accepted and high available. But what is exceptional is the support provided by the T24 Black Card Team. I feel myself a premium customer. I recommend it.
Christoph Schulz
“
I chose Pockit because it is easy and safe to use both online and in-store, since you can only spend what is available on the card you can really manage your money. The cashback offers are an additional benefit!
Maurice, Kilmarnock
“
We use the Pockit Prepaid Card for all our household expenses as it is easy to keep track of what is being spent. We try and use it at participating retailers as much as possible so we save on a weekly basis
Vaneesha, London
“
The card works great, I’ve mainly been using it for the cashback deals, I buy as much as I can from M&S instead of other places. I have found it so easy to setup and use. I remind myself of where I can save by looking on the website every so often
Meheen, London
“
Just wanted to say what a fab idea this is, I can now have the convenience of using a card when I have funds – it’s brilliant. Thank you.
Janice, Worcester
“
I really like my Pockit card, it rewards me for doing my shopping at places like M&S and Halfords
Sue, Chichester
“
Great features, looks and feels great to use compared to most banking apps
Brian Crook
“
Easy to use. Easy to transfer funds from my bank to the card. Notifications are good. All round good app. Thanks.
Adrian Stainton
“
Really quick to use - I can load my card in the queue for train tickets!! It makes keeping track of my spending dead simple.
Anon
“
Downloaded the app, added a card and loaded money all in one breath... no hassle. Even logged in online to make sure everything was ok... and it was! As a frequent Orange Cash user this app is PERFECT.
Marie Davis
“
Being an Orange card heavy user this app is a god send! Very simple and easy to use...immediate money upload too. Just what this excellent card needed to compliment it.
Peter Butterworth
“
So far so good! Easy to access my account on line, or check the balance at the ATM ecept the nearest local one which is visa and link only! Able to add standing orders to companies at my convienience, make transferrs or use the card as a debit card. Follow up has also been good with a couple of calls to make sure I'm happy with the service and am able to gain access without problems. Much more helpful than my previous TSB bank who I'd been with from childhood....I'm now 55. I've never done internet Banking til I started with Clearcash... They made the transition so easy.
Anon
“
I have had troubles in getting a bank in the high street, and going through troubles with my debt i was left in disarray with my finances! i found that no high street would touch me with my awful credit rating.. yet when i stumbled upon Clearcash i found it was the thing i was waiting sooo long for! they gave me instant approval and no credit checks, i now have my very little salary paid in (lol) and have child benefits etc put in.. very happy with all at clearcash! best thing is they have an account called Pay monthly, this is helping my credit rating get boosted :) yaaay! 10/10
Joethedon1958
“
I have had a ClearCash card for a few years now and recently received an email saying they are changing the service. They are now utilising Cashplus who are quite a large outfit but the card is still ClearCash. Simple process to transfer and ClearCash call centre there to help. Cashplus customer service wasnt as good - but answered my queries. Got lots of confidence with ClearCash, unlike others, they listen to your feedback! Now got my own account number and sort code which is really helpful too!
Gregor123
“
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Fusce dapibus, tellus ac cursus commodo, tortor mauris condimentum nibh, ut fermentum massa justo sit amet risus. Cras mattis consectetur purus sit amet fermentum. Maecenas faucibus mollis interdum. Cras justo odio, dapibus ac facilisis in, egestas eget quam.Fusce dapibus, tellus ac cursus commodo, tortor mauris condimentum nibh, ut fermentum massa justo sit amet risus. Cras mattis consectetur purus sit amet fermentum. Maecenas faucibus mollis interdum. Cras justo odio, dapibus ac facilisis in, egestas eget quam.
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