If you need a way to manage finances, especially to avoid overspending or overdraft fees, a prepaid card can be a solution.No prepaid card is entirely without fees, but the benefits may outweigh the cost.Additionally, our star ratings are a mix of user feedback and Nerd Wallet’s independent evaluation which are independent of compensation.For a list of all of our advertising partners, click here'You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. A prepaid debit card serves either as a budgeting tool or an all-out replacement for a bank account — and the best prepaid cards give you convenient features while charging few fees.When you access your account and perform transactions on the Discover site we use 128-bit-Secure Sockets Layer (SSL) encryption technology-the most widely used method of securing internet transactions available today. Yet you may get socked with higher fees when using them, compared to traditional bank checking accounts where fees also are rising, according to a recent Consumer Reports study. The reason: You can’t spend more money than is on your card.You can generally use a prepaid card wherever its payment network, such as Visa or Mastercard, is accepted. It’s also known as a pay-as-you-go card or, more formally, a general-purpose reloadable prepaid card.
In the coming months we will be posting articles almost on a weekly basis that will tell you more about debt consolidation and the best options out there, so be sure to be on the lookout for new and existing news articles.
This means that, together with the fee reductions in 2006 of over 13%, the average Nedbank retail client will have experienced more than a 19% reduction in bank fees since July 2006.