Tag: unbanked

Prepaid Debit Card Fees Lower Than Checking Account Charges

A recent report by Bretton Woods, Inc. shows that most consumers using prepaid debit cards to manage finances do so for less than $7.50 per month. by Chris Warren It has long been an assumption that users of prepaid debit cards turn to them as something of a last resort. But a recent report entitled,… Continue reading Prepaid Debit Card Fees Lower Than Checking Account Charges

Does Your Grandmother Need a Bluebird?

A well-chosen prepaid debit or checking alternative card offers freedom, flexibility and peace of mind to the elderly and their children. by Bev O’Shea Prepaid debit cards, once the province of the non-creditworthy and desperate, are finally becoming downright respectable (some of them anyway – you still have to be careful). Some cards now specialize; for… Continue reading Does Your Grandmother Need a Bluebird?

Beware The Prepaid Debit Card Trojan Horse

The use of prepaid debit cards for tax refunds hurts the poorest citizens  by Curtis Arnold It’s a cliché, but it bears remembering: if something sounds too good to be true, it probably is. And to be sure, the prepaid debit card industry has a long and ongoing legacy of hyperbole, with card issuers saying… Continue reading Beware The Prepaid Debit Card Trojan Horse

Debit Cards, Credit Cards and Bank Accounts Could Be Required If You Want to Receive Health Coverage

According to information provided by the Federal Deposit Insurance Corporation (FDIC), more than 17 million adults in the United States are unbanked.  Additionally, 43 million are considered underbanked, still relying on payday loans check cashing services to handle regular banking needs.  This could be a huge obstacle for those shopping for health insurance under the… Continue reading Debit Cards, Credit Cards and Bank Accounts Could Be Required If You Want to Receive Health Coverage

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