Americans spent about $37 billion on prepaid debit cards in 2013, double the amount from 2009, according to a report by Bankrate, a publisher that reports financial trends and statistics.¹

A prepaid debit card is established when an individual provides cash to a financial institution in exchange for a card that can be used like any debit card or credit card, except it is limited to purchases in an amount not to exceed the card’s […]

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