Question:

What is prepaid debit cards?

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i want to know about the difference between the debit cards and prepaid debit cards.

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  1. I was under the impression that all debit cards are prepaid since they're tied to a checking account.


  2. A debit card is a card that's attached to your checking account.  You can access your money either by Point of Sale or ATM.  A prepaid debit card is a card that you put a set amount on.  You can usually only use it as Point of Sale.  There's also usually a fee for the prepaid card and if the funds are not used within a certain time frame you lose them.  Prepaid debit cards are similar to gift cards.

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