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Because of this, a no fee prepaid credit card is about as close to a bank account as you can get, without getting a bank account.
Here are some other benefits of no fee prepaid cards: We will add additional free and low cost prepaid cards as they become available.
t is estimated that about 40 million Americans do not have a bank account. For many, they are unable to qualify for a bank account because of past bounced checks.
Bounce too many checks, and you’ll find yourself in the Chexsystems, which many banks use to evaluate potential new banking customers.
You don’t have to go to the trouble and expense of driving to a check cashing store to cash your paycheck. If you receive a government or benefits check, you can also have it deposited directly onto prepaid cards for no fee.
There is one other important benefit to these cards–online bill pay.
Whatever the reason, the unbanked often turned to expensive check cashing stores to cash their weekly paychecks.So here are the top free prepaid cards and low fee prepaid cards to consider.A prepaid credit card works very similar to a bank debit or ATM card.The weekly trip to a check cashing store takes time and gas.For those that can’t get a checking account or simply don’t want one, there is a no cost, convenient, and safe alternative to check cashing stores–a prepaid credit card with no fees or low fees.
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