A free prepaid debit card is a feasible substitute for a credit card. free prepaid debit cards help save and also manage your money. You can easily get a prepaid debit card as compared to a credit card. If you are an employee of an office or running a business, you can easily get a free prepaid debit card. You can also get free prepaid debit card as a promotional product.
Unlike credit card, free prepaid debit card require no excess verification or past credit history record. Since there is no credit line in a debit card, you are not in the fear of being stuck in a bad credit situation. Free prepaid debit cards are accepted internationally and at most shopping outlets that display the debit card logo. It is important to read the fine print or find information from the website of the free prepaid debit card to know about how and where the debit card can be used.
Opt for a debit card that gives you a lot of value added features. Some of them are the overdraft facility, ability to send statements online, notification of the salary credited to your account on your mobile phone, and most importantly transferring of funds from one debit card to another one without any hassle. There are also debit cards in which you can have your photo embossed. Your prepaid debit card should have a feature for insurance agains
t loss, damage or theft.
Your free prepaid debit card may carry certain fees in which you may be charged for withdrawing cash from the ATM for more than the prescribed number of times. Free prepaid debit cards are offered as a corporate salary account most of the times. After you leave the organization, the corporate salary account changes to a personal banking account in which you may have to maintain a minimum quarterly balance. Also, you may be charged a certain amount of transaction fee if you use your debit card for an ATM from another bank or debit Card Company.
To know more about the difference between a debit card and a credit card, go to the rediff article..http://www.rediff.com/getahead/2007/jul/26credit.htm
Sunday, July 29, 2007
Free Prepaid Debit Cards
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2 comments:
So which prepaid debit cards offer the basic services with the least amount of fees? I don't think there is any prepaid debit cards that are completely free or is there?
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