Prepaid debit cards are a lot like an ATM or Bank Card, but you don’t need to open a bank account.  They also provide convenience, like a credit card, but there is no credit involved – so there is no credit check to qualify.   Because money is debited directly from a pre-loaded card.  And once the money runs out, your card does too.  Prepaid debit cards can be a great way to manage your money to keep you and you family on budget. 

One thing you should know. Because funds are taken directly from an account, prepaid debit cards do not report to the major credit reporting agencies and are not a good option for establishing or re-building your credit.  For that you would want to review our secured credit cards.