Topic Category: Prepaid 101

Depositing Checks

Depositing Checks Almost all traditional bank debit cards allow you to deposit a check into your account through an ATM.  Prepaid cards and Fintech debit cards, though, typically do …

In Network ATMs

In Network Vs Out of Network ATMs With a checking account, most banks allow you to access their ATM network for free. You are neither charged a fee from …

ATM Fees

ATM Fees There are two sources of fees that can be charged during ATM transactions – those charged by the Program Manager and those charged by the ATM owner. …

Remote Check Capture

Remote Check Capture Remote check capture or remote check deposit is available on some prepaid cards. The cardholder is allowed to take a picture of a check and have …

Wallets

Wallets Whereas purses are a collection of mini-prepaid accounts on a single prepaid card, a wallet is a collection of external accounts (some of which may be prepaid) through …

Savings

Savings Some prepaid cards offer a savings account to be used with the prepaid card. Generally, the savings account is completely separate from the prepaid account. Funds in the …

Purses

Purses Some processors can offer multiple purses on a prepaid card. These purses are essentially separate accounts that can be accessed through the same 16-digit card number/card.  It’s hard …

Checks

Checks Some processors allow for checks to be written off of prepaid, debit and credit cards. This is most common on payroll cards to meet certain state requirements to …

Bill Pay

Bill Pay There are two types of bill pay products for prepaid cards. Traditional Banking Bill Pay Some prepaid cards have a traditional bill pay product where the user …