With direct deposit, your paycheck will be added to your card on payday.You don’t have to go to the trouble and expense of driving to a check cashing store to cash your paycheck. If you receive a government or benefits check, you can also have it deposited directly onto prepaid cards for no fee.A prepaid credit card works very similar to a bank debit or ATM card.You can add money to the prepaid card and use it anywhere Visa or Master Card debit cards are accepted.Perhaps the key benefit is direct deposit of paychecks, government checks, and benefit checks.There are several prepaid cards that will waive all fees if you have your paycheck direct deposited to the card.Editorial Disclosure: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by American Express.
For others it’s simply a distrust of the banking system or frustration with limited hours or the hoops one has to jump through to get service.
All prepaid cards charge various fees, but some of them waive some or all of the fees if you sign up for direct deposit.
So here are the top free prepaid cards and low fee prepaid cards to consider.
You'll find complete galleries of all the samples above in our members section, together with much much more.
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