NetSpend Prepaid Debit Cards www.netspend.com Regarded as the third wave in electronic personal payments, following credit cards and traditional debit cards, the prepaid debit card industry is booming in recent years. There are generally 3 kinds of prepaid debit cards that are most widely used. Instead of opening an account, you can buy a prepaid debt card just as you buy a prepaid card for your mobile-phone at convenient shops or retail locations.
General Purpose Cards
Prepaid General Purpose Cards can be used just like debit cards, and as well as for activities such as paying your bills and online to make purchases. They are available in check cashing locations, retail locations, such as grocery stores, convenience stores, and online. The cards functions as bank debit products and you can deposit money directly into the account by any means you prefer: direct deposit, at a terminal in a retail location, through a person-to-person payment, or through online services from another debit or credit card.
Gift cards
Prepaid Gift Cards are a perfect gift idea for friends and family, especially for your teenager daughters or sons. You can even customize the design of many Gift cards to add a personal touch. Usually they are sold online, over-the-counter in check cashers and on j-hooks at retailers. They hold a certain amount of money and can't be reloaded. Like the general Purpose cards, these cards can be used at any merchant that accepts Visa or MasterCard.
Travel cards
Prepaid Travel Cards offer a safe and convenient alternative to traveller's checks and cash, plus benefits like Emergency Card Replacement and lost luggage service. They are sold at similar locations with gift cards, and unlike them, travel cards can be reloaded for a pre-settled number of times, which makes it ideal for travellers.
Having known so much about prepaid debit cards, you may wonder which banks offer such cards, what is convenient with these cares, if you can earn an interest rate for such accounts, and etc.
Here I would like to introduce Netspend Corporation, one of the premier providers of innovative, accessible prepaid debit cards that enable financial freedom for under-banked consumers.
On opening the home page of Netspend Corporation, you will see the 5 reasons to choose Netspend.
Convenient: Make purchases everywhere that accepts Visa, mastercard and debit cards. Get cash at ATMs worldwide.
Safer than cash: Protected from unauthorized transaction when the card is lost.
5.00% APY: Remarkably high yield for such accounts under this recession.
Free direct deposit: Have your paycheck deposited directly to your card account.
Pay bill online: Access to your account through internet, and pay your bill online.