What is the difference between prepaid and debit cards?
Answered on Tuesday, July 20th, 2010 by
Amy Miller

Debit cards are tied to your bank account and prepaid cards are not. To start using a prepaid card you need to load it by making a direct deposit of your paycheck or government benefits, a transfer from your bank account, or by making in-person deposit at one of the retail locations. With prepaid cards you cannot overdraft or overspend, you can only spend what you have pre-deposited.

Other Popular Prepaid & Debit Card FAQs

Many people have become frustrated with the high fees banks charge for things like accidentally having an overdraft your account, failing to keep a minimum average balance in the account, doing wire transfers, paying bills, and ordering checks. Banks often waive the month fee if you do a bill payment and get a direct deposit […]

Continue »

Many people have trouble understanding the distinctions between a prepaid card and a regular credit card.

Continue »

  1. What is your question?
  2. Please, enter your question and contact information so that we can send our answer to you by e-mail.
  3. (valid email required)
  4. (required)
  5. Captcha
 

Best Credit Offer
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Copyright © 2001-2017 BestCreditOffers.com All Rights Reserved.

* The BestCreditOffers.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com website are property of their respective owners.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

Disclosure: Not an access card.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.