Prepaid debit cards are similar to debit cards, but they are not connected to a bank account. When you swipe a prepaid card to purchase something, the cost will come out of the balance you have on the card. And unlike a gift debit card, you can reload a prepaid debit card with more money.
Reloadable debit cards are a great way to get direct deposit without a bank account. Even though you will not have a bank account, employers and others can electronically send paychecks to a prepaid debit card with direct deposit. If you currently receive government benefits, you can request a special Direct Express Mastercard debit card from the U.S. Treasury.
Prepaid debit also makes it easy to pay bills online if you do not have a bank account.
You can sign up for a prepaid debit card easily online. You can even find free prepaid debit cards and no-fee prepaid debit cards. You may be required to receive direct deposits in order to avoid fees on some cards.
Some of the best prepaid debit cards include:
- Netspend Reloadable.
- American Express Serve Accounts.
- PayPal Prepaid Direct Deposit.