How Prepaid Debit Cards Compare With Other Card Options

A prepaid debit card is a reloadable payment card that can be used to shop online or at a store, transfer money, pay bills and withdraw cash from ATMs. These cards are surprisingly popular — about one in 10 U.S. households use them — and versatile, being usable anywhere Visa, MasterCard or American Express are accepted. You can buy them at banks, online from credit card companies, or at certain retail locations such as Walmart and Walgreens. They are funded in advance by cash, check, direct deposits or transfers from another account.

Learn more here.