Pre Paid Debit Cards

A Pre-paid debit card is a reload-able Visa card that you use like any other Visa. It accepts cash deposits or direct deposits through your employer or Social Security. The cards have become very popular and are a very fast growing part of our financial lives.

Especially hot with younger people, travelers and those who are having a hard time opening a bank account. Since you can use prepaid debit cards instead of checking accounts.

However, a little known fact is “many prepaid debits cards come with online banking and a bill pay feature: So, the cards are more like checking accounts then they first appear to be.

In addition prepaid debit cards do not require a credit check to open an account and they don’t run chexsystems reports so they are available to everybody regardless of nationality and credit history.

These cards put an entire bank account in your pocket. Because Visa is taken everywhere and it’s easy to pay for what ever you need with your vise. Pay online, through bill pay, over the phone or even pay at the pump when you pump gas.

Many of these cards also come with the full protection of Visa’s famous “you get all your money back” if your card is lost or stolen. And some even offer buyer protection. So if what you buy breaks, is stolen or the merchant won’t take it back you can contact Visa and they will go to war for you. Try getting that out of a bank account.

And you’ll find that many of the cards are even FDIC (Federal Deposit Insurance Company) insured by the bank that issues them so if anything happens to the bank the government covers your money.

It’s easy to apply for a prepaid debit card and 99% are accepted on the spot.

Perry