5 Best Prepaid Debit Cards

5 Best Prepaid Debit Cards

Likely very few people can say they have racked up a $40 bill at McDonald’s. Sounds crazy, right? The average overdraft fee a bank charges for insufficient funds is $34. If you pay $5 for your food and accidentally overdraft your checking account in the process, that meal just cost you $40.

You might be wondering:

Is there a way to avoid overdraft charges? Yes, get a reloadable prepaid debit card. Prepaid debit cards, also called prepaid credit cards, provide an alternative to traditional banking services. 

Here’s the deal:

There are tons of reasons why people get reloadable prepaid cards. Maybe you're one of the 17 million Americans without a bank account. Or maybe you recently filed for bankruptcy. 

It’s possible that you want a regular bank account but can’t get one because you have a negative ChexSystems report or a low FICO score.

If you're thinking about getting a low or no fee prepaid debit card, we realize that picking the right one can be difficult, so we picked the best prepaid cards currently available.

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Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated March 5, 2019 but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.