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Political Factoid
In 2009, more than $18 Billion was
loaded onto "prepaid" debit cards.
($36 Billion expected in 2010 and
$72 Billion in 2011.)
Unlike credit cards, there is no
federal protection for prepaid
debit cards.*
Examples of typical fees:
- $1.00 for each purchase
- $3.50 ATM fee
- $1.99 for any cash out
- Up to $1.00 to find out remaining balance.
- Up to $3.95 to talk to customer service.
- Up to $10.00 per month
- Up to $39.95 Card Activation fee.
| * |
In contrast to regular debt cards.
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See No bank Account
cf.
2072,
151
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