HyperJar Prepaid Card Review
ATM and Cash
Topups
Overall
A free budgeting app with a prepaid Mastercard that lets you ring-fence money into Jars, share Jars with family, and pay directly from any Jar. No monthly fee, no FX fee for card purchases abroad, and strong spend controls in the app. Cash withdrawals are not supported.
Fees and FX
ATM and Cash
Topups
Overall
Initial Viewpoint
Best for everyday budgeting and fee-free foreign card spend when you do not need cash from ATMs. Not ideal if you want cash withdrawals or frequent cash top-ups since HyperJar does not accept cash deposits and ATMs are blocked.
Highlights
- No monthly fee. One-off £4.99 for a physical card. Virtual card is free on account opening.
- 0 percent FX fee on card purchases abroad. Add to Apple Pay or Google Pay.
- Powerful Jars for budgeting, shared Jars, merchant rules, instant freeze.
Cautions
- No ATM withdrawals or cash-back.
- Cash deposits are not supported. Load from your bank instead.
- Inactivity fee £3 per month after 12 months with no use, from 3 June 2025. Keep the account active to avoid it..
Overview
What it is
A UK prepaid Mastercard with a money app that organises spend into Jars and pays directly from any Jar. Works in store, online, and on mobile wallets when enabled. Cash withdrawals are not available.
Who it's for
UK users who want strict budgeting, shared pots, instant controls and fee-free foreign card spend, without needing cash access.
Key Facts
Issuer:
Monavate Ltd.
Network:
Mastercard.
E-money and safeguarding:
HyperJar is an EMD agent of Modulr FS Ltd (FCA 900573). Funds are safeguarded, not FSCS deposits.
Wallets:
Apple Pay and Google Pay supported. Users 13+ can add cards to wallets.
Cash access:
ATM and cash-back not supported.
Pricing & Fees
Fee Type
Amount
Notes
Monthly plan
£0
No monthly fee.
Physical card
£4.99 one-off
Virtual card is free at signup.
Replacement card
£4.99
Lost or damaged. Expiry replacement free.
FX fee on purchases
0%
HyperJar states no added fees for paying abroad.
ATM withdrawals
Not supported
Also no cash-back.
Loads from bank
10 free per calendar month
Only one free load under £10. Then £1 per extra load.
Transfers back to bank
4 free per calendar month
Then £1 per extra transfer.
Inactivity
£3 per month
If unused for 12 months. Reported April 2025.
FX & ATM Details
FX conversion
No added FX fee when paying with the HyperJar card. Use local currency at checkout.
ATM usage
ATMs are not supported, so plan for card-only spending.
Topups & Payments
Method
Fee or Limit
Notes
Bank transfer via Open Banking or FPS
Free within allowance
Account number and sort code provided.
Card-to-wallet (Apple or Google Pay)
Free
Add from Profile > Manage Card.
Cash deposit
Not supported
Pay cash into your bank, then transfer to HyperJar.
Applying for the HyperJar Card
Eligibility
Adults can open an account in the app. Teens and kids can get their own cards under a family setup.
Steps
– Download HyperJar and sign up. Your virtual card is available immediately if approved.
– Order a physical card in app if needed (one-off £4.99).
– Activate the card in Profile > Activate Cards. Add to Apple Pay or Google Pay from Profile > Manage Card.
– Delivery typically within a week.
ID checks
Standard e-money KYC applies. No credit check is needed to open the account.
Limits & KYC
Topic
Detail
Loads from bank
10 free per calendar month. Only one free load under £10 per month. Excess loads £1 each.
Transfers to bank
4 free per calendar month. Excess transfers £1 each.
Maximum daily load
£5,000. As shown on Fees and Limits page.
Account to bank transfer recall
£25, If you request a recall.
Daily spend limit
£5,000, Per Fees and Limits.
Maximum account balance
£10,000, Per Fees and Limits.
ATM withdrawals
Not supported, Also no cash-back.
KYC
Required. Standard identity verification.
App & Features
Feature
Detail
Jars and shared Jars
Create multiple Jars, share with family, pay from any Jar with one card.
Spend controls
Freeze card, enable or block international spend, set merchant rules.
Wallets
Add to Apple Pay and Google Pay. Users 13+ can add cards.
Kids and teens
Family and Kids cards with parental oversight.
Security
PIN management at ATM, biometric login, in-app card details.
Who It's For
Best for
Budgeters and families who want shared pots, merchant controls and 0 percent FX on card purchases.
Not ideal for
Anyone who needs regular cash access or cash loads. ATMs are not supported and cash deposits are not accepted.
Pros & Cons
Pros
-
No monthly fee and no FX fee for card purchases abroad.
-
Excellent budgeting with Jars and shared Jars.
-
Works with Apple Pay and Google Pay.
Cons
-
No ATM withdrawals or cash-back.
-
Cash deposits not supported. Loads must come from a bank.
-
Potential inactivity fee after 12 months of no use.
How It Compares
At a glance: HyperJar is great for strict budgeting and card-only travel spend with 0% FX on purchases. It is not for people who need ATM cash or cash deposits.
Feature
HyperJar
Typical youth bank account
Other prepaid card
Annual or monthly fee
£0
Usually £0
Not supported
Card purchases
ATM fee
Not supported
Usually allowed
Varies by brand
FX fee
0%
Varies by bank
Varies by brand
Alternatives to Consider
GoHenry
Families who want education features and fine controls
Starling Kite
Households already with Starling who need a bank-backed option with ATM access
NatWest Rooster
NatWest families who can use the free subscription and want granular controls
Ratings
Category
Score 1 to 5
Weight
Notes
Fees and value
No monthly fee. One-off card cost. Keep within free load and transfer allowances.
ATM and FX
No ATMs. 0 percent FX on purchases.
Controls and features
Jars, shared Jars, merchant rules, instant freeze.
Top-ups and funding
Bank loads only. No cash deposits.
Support and trust
Issuer Monavate. Funds safeguarded by Modulr under e-money rules.
Compliance & Methodology
Regulatory
The HyperJar card is issued by Monavate Ltd. HyperJar is a registered EMD agent of Modulr FS Ltd. Funds are safeguarded under the Electronic Money Regulations. Not FSCS deposits.
Data sources
HyperJar Fees and Limits page, Travel Card page, Personal Accounts pages, Kids and Teens pages, Help Centre articles, and MSE coverage of the inactivity fee. Checked 7 Nov 2025.
Editorial policy
Independent, fact‑checked comparison. Click here for editorial guidelines.
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