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Prepaid Debit Cards: A Bank Alternative or Financial Blunder

by Dawn Anderson on Nov 15, 2010

According to the Federal Reserve, about one in 12 families do not have a bank account. Mistrust, cultural and language barriers are only a few reasons why people have been opting out of traditional banking institutions. Regardless of their reasons, many individuals are substituting prepaid debit cards as an alternative to carrying cash, using money orders or bank issued debit cards. While some proponents of these cards believe they provide financial independence, these cards are not without risk or expense.

How People are Using Prepaid Debit Cards
In an attempt to go green as well as save money, many employers have begun loading paychecks onto debit cards that can used to pay bills, buy groceries and more. Check cashing places have begun to sell prepaid cards that can be loaded with money from paychecks and income tax checks. Buyers of structured settlement annuity payments and companies that provide settlement advances will issue their lump sum payment on a...Read More >>



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Visa And Mastercard Debit Cards - A Comfortable Way To Expend

by Adam Reedy

Nowadays, the majority of financial organizations offer MasterCard debit card, Visa debit cards or else both. At the same time as all debit cards put forward the similar fundamental features, but still there are dissimilarities amid the both that ought to be judged, prior to making a decision on one.

Both MasterCard and Visa have made debit cards more reachable, selling them as a comfortable medium among EFTPOS and credit cards. Both of these imbursement processors have great user-friendly features, comprising:

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