IMPORTANT CHANGES TO YOUR MAGIC BY MAGIC JOHNSON PREPAID MASTERCARD.®
The MAGIC by Magic Johnson Prepaid MasterCard is closing. We're discontinuing our program as of June 30, 2014 and all prepaid cards will be closed at that time. May 31, 2014 will be the last day you can load additional funds, including direct deposits to your card. READ MORE.

Magic by Magic Johnson

The MAGIC Prepaid MasterCard®: Spending Your Money, with Little Expense.

Understanding how and when fees are charged is an important part of managing your money.

If used properly, you can avoid almost all fees for your MAGIC Prepaid MasterCard other than the one-time setup fee and monthly fees. Review the prepaid card fees below to understand when fees are charged and what free alternatives are available to add money, get cash, and manage your MAGIC prepaid card.

Fee Schedule

TypeFee
Cost of Service
One Time Setup Fee (Charged 1st time Money Added)*$4.95
Monthly Fee$4.95*
Add Money
Direct DepositFREE
From a Bank AccountFREE
Cash at a Retail Store (POS)$4.95 (Fees may vary by retailer)
Get Cash
Cash Back at POSFREE
In-Network ATM (ATM owned by us or MoneyPass®)FREE
Out-of-Network ATM (ATM owned by 3rd party)2 Free* per month, then $2.50 each
Bank Teller Fee $0.50
Spend Money
SignatureFREE
PINFREE
Information
Online Customer Service
Balance and Transaction HistoryFREE
Balance and Transaction Alerts via EmailFREE
Phone Customer Service
Automated Customer Service (1.866.530.2272)FREE
Balance and Transaction Alerts Via TextFREE (3rd party fees may apply)
Live Customer Service1 free per month, then $2.00 each
ATM Customer Service
Balance Inquiry $0.50*
Statements
Online StatementFREE
Paper Statement$5.95
Other
Replacement / Second Card$4.95
Foreign Transaction Fee2% of Transaction Amount
For example, if you initially add $50.00 to your Card, we will deduct the One Time Setup Fee and your Card balance will be $45.05 minus any other applicable fees.
Your first monthly fee will be assessed, if applicable, one month after the date you activate your Card and then on that same date each following month, or the last day of the month if you activated on a date that does not exist in that month.
“Free” refers to fees assessed by us. When you use an ATM not owned by us for a withdrawal or balance inquiry, the ATM operator may charge you a fee in addition to any applicable fees imposed by us.

Transaction Limits

TypeAmount
Add Money
Daily Maximum$5,000
Monthly Maximum$10,000
Monthly Maximum Number20
Maximum Allowed on the Card$10,000
Get Cash
ATM, Bank Branch, or Retail Cash Back$500
Purchases
Daily Store Purchases (Signature)$1,500
Daily Store Purchases (PIN)$500
Maximum Daily Purchase Amount$1,500

The name MAGIC Savings Plan is owned by OneWest Bank N.A.

The MAGIC prepaid card is issued by OneWest Bank N.A. member FDIC, pursuant to a license issued by MasterCard® International Incorporated. The use of this card is subject to the terms of your Card Agreement and Fee Schedule.

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who activates a card. What this means for you: When you request your card, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Our established Privacy Policy helps protect your personal information.

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