Reloadable Prepaid Debit Card Compared to Bank Accounts

July 20, 2010

The theory by some people about the prepaid debit card being similar to a savings or checking account as they see it as having a debit card and a bank account tied to it. But despite what people might think these are two different ventures. Although everyone has a saving account few realize the benefits that the prepaid debit card really have to offer. Read more

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Categories: debt.

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One Response

  1. I agree with you post article. Prepaid Debit Cards have no direct link to your bank account, so it is more secure,and there are no interest charges like credit cards. And some Prepaid Debit Cards, such as NetSpend offer a 5% APY rate for savings, there is no enrollment fee, and for those who choose to have their payroll direct deposited onto their cards, there are no signature purchase or pin purchase fees. Hope this helps!



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