Reloadable prepaid debit cards represent one of the fastest-growing segments of the financial services industry.
Last year, Michael Abukhader’s 12-year-old son, Jacob, received a $30 NASCAR prepaid Visa card from an aunt who thought it would provide a convenient way to give him cash for birthdays and other events. But once Abukhader, who lives in Queen Creek, Ariz., reviewed the terms of the card, he closed the account.
Continue reading… “Consumers Beware – Reloadable Prepaid Debit Cards Loaded with Fees”
