Prepaid debit cards are a type of payment card that is not linked to a checking account. Instead, the cardholder loads money onto the card and then uses it to make purchases or withdraw cash from ATMs. Continue Reading Below
Prepaid debit cards are a type of payment card that is not linked to a checking account. Instead, the cardholder loads money onto the card and then uses it to make purchases or withdraw cash from ATMs. These cards can be a good option for people who do not have a bank account or who want to limit their spending, but they do not help the cardholder build credit.