A reloadable prepaid debit card offers a smart alternative to manage your finances. It's safer than cash and requires no credit check, long-term commitment or previous banking experience.
Most prepaid debit cards allow you to pay bills online, make online and in-store purchases—even withdraw cash.
Since you can only spend the amount of funds available, you won't have to worry about overdraft fees or non-sufficient-fund charges.
A prepaid debit card is perfect for anyone who wants the benefits of a checking account in a convenient card.
- Budget-minded clients wanting to limit spending
- Parents teaching teens about money management
- Students ready to establish financial responsibility
- Travelers making purchases without Travelers Cheques or cash
- Couples learning to combine income and expenses
Prepaid reloadable debit cards are available through select banks and several major retailers. You can add funds conveniently to your card at retail locations, ATMs and financial centers, and access your funds online 24 hours a day, seven days a week. Many cards offer direct deposit—the fastest and most convenient way to ensure funds are readily available on payday. Plus, you'll avoid the hassle and high cost of check-cashing services. Most cards provide protection against loss, so if your card is ever lost or stolen, or the account number is misused by someone else, you'll be reimbursed 100% of any unauthorized transactions.