Rates and availability might vary by region. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met to obtain the interest rates listed. All fees and rates are subject to change at the issuers’ discretion. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by the companies included in the article. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Some companies mentioned in this article might be clients of ConsumerTrack Inc., which serves more than 100 national, local and online financial institutions. GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack Inc., an online marketing company serving top-tier banks, credit unions and other financial services organizations. Be sure to read a card's terms of service agreement before applying.ĭaria Uhlig and Cynthia Measom contributed to the reporting for this article. Compare fees for such services as direct deposit, mobile check deposit and ATM use. Check to be sure that it's easy to load and reload with funds. If you are considering a prepaid debit card, look for one that offers widespread acceptance. What should I look for in a prepaid debit card? They can also be purchased at participating retailers, such as Walmart and Target. Prepaid debit cards can be obtained online directly from the institutions that issue them. Instead, you load funds onto the card and use it the same way you would use any credit card. Prepaid debit cards are not necessarily associated with your primary bank at all. Unlike a debit card issued by your bank, a prepaid debit card is not linked to a checking or savings account. How is a prepaid debit card different from a regular debit card? They are issued by financial institutions like American Express, Mastercard and Visa, and they provide cardholders with essential banking services. Prepaid debit cards are not bank accounts, although they can provide many of the same functions. Here are some of the most common questions about prepaid debit cards. As long as you are aware of the costs and know when and how to avoid the extra charges, a prepaid debit card could have a place in your wallet. The important part is to read the fine print even the best prepaid cards come with several fees you should look out for. Give them to kids to carry instead of cash or set them up to save for special spending. Prepaid debit cards can be a viable alternative to a basic checking account, but they also have other uses.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |