One indication of the mainstreaming of prepaid debit cards is the amount of attention these once fringe financial products are attracting from the media. The most recent example of that is an in-depth survey of the fee structures of 30 prepaid cards by Bankrate.com, a leading personal finance website. Released on April 7th, Bankrate’s analysis… Continue reading Bankrate Surveys Prepaid Cards
Tag: Bankrate.com
Banks Sponsor Prepaid Debit Cards
The recent announcement about wireless carrier T-Mobile’s new prepaid debit card has highlighted the popularity of this still relatively new financial product among banks. According to a recent article in The Washington Post, banks are increasingly excited about the prospect of teaming up with retailers like T-Mobile to offer prepaid debit cards. The reason? Money,… Continue reading Banks Sponsor Prepaid Debit Cards