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It’s easy, fast, and convenient: a prepaid debit card can let you use the ATM, pay bills online, and reload cash as needed-all without having to deal with a bank. For students or anyone without a checking or savings account, they’re a convenient way to stay on top of bills and access cash. With estimates ranging up to 80 million consumers without access to a bank account, prepaid debit cards just make sense.
As it turns out, many consumers aren’t getting a deal; they’re getting defrauded, as prepaid debit cards often contain many undisclosed fees. Reloading, ATM withdrawals, purchases, and even inactivity can be expensive – and that’s before more common fees for activation or monthly maintenance.
Is Your Prepaid Debit Card Loaded with Hidden Fees?
Do you use a prepaid debit card? Track the fees and your balance-if it drops by more than you’d expect based on recent purchases and payments, the card issuer may be hitting you with undisclosed fees.
Fill out the form on this page or call Sokolove Law today for a free case evaluation.