A recent report by Bretton Woods, Inc. shows that most consumers using prepaid debit cards to manage finances do so for less than $7.50 per month. by Chris Warren It has long been an assumption that users of prepaid debit cards turn to them as something of a last resort. But a recent report entitled,… Continue reading Prepaid Debit Card Fees Lower Than Checking Account Charges
Tag: unbanked
Prepaid Cards Are Not Just For Gifts Anymore
A new report issued by Mercator Advisory Group finds that more consumers want prepaid cards for themselves, not just friends and family. by Chris Warren For years now, prepaid cards have been a handy fallback for the unimaginative or too busy gift giver. Don’t know what to get grandpa for his birthday? No problem. Just… Continue reading Prepaid Cards Are Not Just For Gifts Anymore
Does Your Grandmother Need a Bluebird?
A well-chosen prepaid debit or checking alternative card offers freedom, flexibility and peace of mind to the elderly and their children. by Bev O’Shea Prepaid debit cards, once the province of the non-creditworthy and desperate, are finally becoming downright respectable (some of them anyway – you still have to be careful). Some cards now specialize; for… Continue reading Does Your Grandmother Need a Bluebird?
Beware The Prepaid Debit Card Trojan Horse
The use of prepaid debit cards for tax refunds hurts the poorest citizens by Curtis Arnold It’s a cliché, but it bears remembering: if something sounds too good to be true, it probably is. And to be sure, the prepaid debit card industry has a long and ongoing legacy of hyperbole, with card issuers saying… Continue reading Beware The Prepaid Debit Card Trojan Horse
Debit Cards, Credit Cards and Bank Accounts Could Be Required If You Want to Receive Health Coverage
According to information provided by the Federal Deposit Insurance Corporation (FDIC), more than 17 million adults in the United States are unbanked. Additionally, 43 million are considered underbanked, still relying on payday loans check cashing services to handle regular banking needs. This could be a huge obstacle for those shopping for health insurance under the… Continue reading Debit Cards, Credit Cards and Bank Accounts Could Be Required If You Want to Receive Health Coverage