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A prepaid debit card is a payment card that operates differently from traditional debit cards linked to bank accounts. Instead of drawing funds from a bank account, users preload money onto the card.
When choosing a debit card for your child, look for features such as low or no fees and access to parental controls. Find out how the 13 best cards compare.
Its first debit card, branded as I-GEN and marketed toward teenagers and Internet users, was released in 2000. In 2001 the first I-GEN MasterCard was sold at a Rite Aid in Virginia. In 2002, Green Dot debit cards were offered at Rite Aid, CVS Pharmacy, and Pantry Convenience stores and by 2003, in over 18,000 stores nationwide. [citation needed]
Green Dot’s reloadable, prepaid debit card does not use ChexSystems, and no credit check is required. Prepaid debit card details include: Monthly fees: $7.95, unless you load $1,000 or more on ...
Fees and Details. Card Purchase Fee. Free if bought online; up to $9.95 at retailers. Monthly Fee. Between $5 and $9.95 per month or $1.50 per transaction, depending on the plan
Waiver: $0 monthly service fee for 13- to 24-year-olds, account holders with Wells Fargo Campus ATM card or Campus Debit card, and eligible military direct deposit accounts Everyday Checking