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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.
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.
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
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]
The program was Visa's first prepaid card product and was launched in 2000. [1] Visa Buxx is not a credit card; instead, it debits a prepaid account, which enables parents to load the card's account online or over the phone and monitor spending, so parents can work with their teen to review their spending habits and avoid unexpected debt and interest charges.
Prepaid card may refer to: Prepaid debit card , a card that debits money from an associated account that ordinarily requires use of a PIN code for verification Prepaid credit card , a card that debits money from an associated account that ordinarily uses a signature rather than a PIN for verification