What Features Are Available with Prepaid Debit Cards?

You′ll enjoy several attractive features if you get a prepaid debit card. These cards have become far more flexible and feature-rich in recent years, which could explain their rising popularity. For instance, cash back debit cards offer some of the benefits that you enjoy with a credit card. With Green Dot′s Cash Back Visa? Debit Card, you′ll get cash back on every purchase you make. However, you don′t have to fill out a credit application or pay any interest with this type of card.
Many prepaid debit cards allow you to write checks. If your landlord will only accept a paper check for your rent payments, you don′t have to worry about visiting a local bank to get a cashier′s check or money order.
With most prepaid debit cards, you can check your balance online, just like you would when online banking with a checking account. Access your money on your computer at home or with your mobile device. That way, you always know how much you have on the card.
To make prepaid debit cards even more attractive, you can link your card with your employer to accept direct deposit. If you have a card with Green Dot, you could actually get paid up to 2 days earlier, depending on how your payment provider processes payments. Direct deposit gives you fast access to your paychecks so you don′t have to wait for payments to clear. You can even get your IRS refund direct deposited to your debit card.
Some cards let you send or receive money with other cards. For instance, maybe you and your spouse both have a card, and you want to send him or her some extra cash. You can jump online to send or receive the money instantly. Don′t pay high fees at financial institutions when you can avoid it with a prepaid debit card. You can also say goodbye to minimum balance requirements. Banks often charge extra fees if your balance falls below a certain threshold, but prepaid debit cards don′t work that way. Best of all, you won′t get hit with inconvenient charges just because you spend a little more money some months than others.
Finally, prepaid debit cards with the Visa or MasterCard? logo offer the ultimate convenience. Since most merchants accept these cards, you don′t have to worry about carrying around cash or having to miss out on purchases you want to make. Just swipe your card or enter your card information online to complete the transaction.

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