When financial reform targeted the lucrative overdraft and interchange/“swipe” fees, the banking industry began to move away from debit cards, but now banks are singing a different tune. With new Federal Reserve data showing that caps on swipe fees are working as intended, banks are going a different route to make up for the lost… Continue reading Banks Are Falling In Love With the Debit Card All Over Again
Category: Best Low Fee Prepaid Cards
Millions of people are turning to prepaid debit cards as a smart alternative to carrying cash and writing checks. Almost anyone can qualify and they don’t require a credit check or a bank account. Though they carry credit card logos and can be used anywhere a credit card is used, unlike a credit card, they do not offer a line of credit. The user can only spend the amount that has been loaded onto the card or placed into the account associated with the card.
There are dozens of debit cards on the market, many of them issued by the same bank, but fee structures are vastly different. Bestprepaiddebitcards.com has done all the research for you and provides comprehensive reviews to help you decide which card is best for you.
How to Safely Use Your Debit Card
Debit Card Safety Tips How to Keep Your Debit Card Information Out of the Wrong Hands Bank fees, regulations and credit concerns have forced a countless number of people to turn to debit cards to serve every day banking needs. With identity theft, cyber-crimes and other criminal activities on the rise, how can you be… Continue reading How to Safely Use Your Debit Card
Chase Blueprint Presents the Resource Center for Mindful Spending
As more optimism sets in concerning consumer finances, Chase Blueprint releases its new initiative aimed at helping consumers reinforce positive spending habits. The Resource Center for Mindful Spending was unveiled at Washington Post Live’s “Kitchen Table Economics” forum and is focused on helping customers take steps toward a better financial future. The new initiative comes… Continue reading Chase Blueprint Presents the Resource Center for Mindful Spending
Consumers Turning to Prepaid Debit Cards Now More Than Ever
With tighter consumer regulations and the low-interest rate environment, banks have had to find new and innovative ways to make a profit. This led to higher fees and the end of “free checking” in some cases. This move caused many consumers to avoid bank accounts altogether. According to the October 2011 report “Still Risky: Bank… Continue reading Consumers Turning to Prepaid Debit Cards Now More Than Ever
Debit Cards: A Growing Threat to the Banking Industry
With ease of use and widespread availability, debit cards are becoming a growing threat to the banking industry. Last year, prepaid debit card usage was up 18% while checking account usage plummeted from 92% to 88%. While users avoid overdraft fees, debit cards are not cheaper than checking accounts. Incidentally, scores of users walked away… Continue reading Debit Cards: A Growing Threat to the Banking Industry
5 Reasons Parents Should Get Prepaid Cards For Teens
Along with a driver’s license, a prepaid debit card can be one of the most important pieces of plastic a young adult can get Amid all the job losses and bankruptcies, our recent economic downturn has been especially difficult on young people. With a persistently dreadful job market, many college graduates are leaving school with… Continue reading 5 Reasons Parents Should Get Prepaid Cards For Teens