Stored Value Card – Benefits & Drawbacks

Prepaid Debit Cash Cards are an incredible strategy to manage your finances and manage your spending. They basically let you pre-pay funds into your card account just as you would with a traditional financial account. The money that you deposit on your card is the exact quantity obtainable for use. Most prepaid debit cards is not going to permit you to go over your balance, and this is really an excellent factor because it can save you a ton of overdraft charges -- in contrast to regular bank accounts which typically cost a median of $30 or more for overdrafts! (not all prepaid cards present overdraft protection however most do.) Read more [...]