Wachovia Visa Buxx

The Wachovia Visa Buxx card is a very unique Wachovia gift card created to help parents teach their children about money and spending money wisely.  No parents want to give their children their credit card for fear that the child will run up a huge bill.  This Visa Buxx card is designed to help parents facing this dilemma.  This article will provide a review of this Wachovia Visa card.

The Wachovia Visa Buxx card allows parents to transfer money from their Wachovia checking account or savings account to the prepaid visa card.  No longer do parents have to worry about their children being stuck without money or going on a shopping spree and racking up a ton of credit card debt.  Anywhere that you can use your Wachovia debit card to make purchases or withdrawals, the Wachovia Buxx card will be able to be used.

Using the Wachovia online banking website, parents can monitor their kid’s spending habits.  Instead of giving your kids money and not knowing how they are spending it, the Wachovia Visa Buxx allows you to check up on how your kids are spending money.  Some parents might be worried about their children buying cigarettes or alcohol.  Other parents might just be worried where their kids are hanging out.  In addition to being able to monitor your child’s spending through the Wachovia online banking website, you can set up the Wachovia Buxx card to send you an email every time your kid uses the card.  The monitor capabilities of this unique prepaid credit card are great.

Another great feature of the of this unique Wachovia visa card is that you can set it up with an automatic deposit to this Buxx card from your Wachovia banking account.  If you typically give you child $20 allowance, you can set up your accounts to make this deposit every week.

This unique twist on a prepaid credit card or debit card gives parents a ton of flexibility.  If you don’t like the idea of your child being able to use the card to withdrawal money from an ATM, you can set it up to prohibit such transactions.  Typically the card does not allow more than $100 to be withdrawn from an ATM over a seven day period, but you can reduce this to what you feel comfortable with.

The only thing that I don’t like about the Wachovia Visa Buxx card is the fees that are associated with using it.  Everytime you load money onto the card, Wachovia will charge you $2.00.  Additionally, there are other usage fees and overdraft fees.  I encourage you to read the Terms and Conditions at the Wachovia.com website before you sign up for one.

I hope that you found this Wachovia Visa Buxx review to be helpful.  If you have any questions, please do not hesitate to ask in the comments below.