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Do they not have fees attached in the US? In the UK, pre-paid cards are relatively expensive. £25 card usually costs £27+ and then there are potentially extra
by Nexxxeh 10y ago
Do they not have fees attached in the US?
In the UK, pre-paid cards are relatively expensive. £25 card usually costs £27+ and then there are potentially extra fees on top.
I could definitely see people using this.
- metaphorm 10y agoI'm not an expert on this market by any means, but I just checked what my own retail bank (Bank of America) offers [0]. It looks like there is no fee for putting money on the card and no fee for normal point of sale transactions (presumably including internet transaction). There are ways to get hit with fees while using this card, but it is also possible to use this to buy things on Amazon with no additional fees at all. [0] - https://prepaid.bankofamerica.com/CashPay/Home/Index?m=1 https://prepaid.bankofamerica.com/CashPay/Home/Index?m=1
- Nexxxeh 10y agoOh, I meant the prepaid cash-like Visa or Mastercard cards that you can pick up in supermarkets. Not a debit card from a bank.