Before deciding on any prepaid product get the facts and explore all of your options. Remember, a prepaid debit card is very different from a bank account debit card and may carry fewer consumer protections than bank issued debit cards or credit cards. Some useful tips are:
- Obtain information on the fees, terms, protections, and policies before signing any cardholder agreement.
- Read and understand your rights in the case of lost or theft as well as procedures to cancel and obtain refunds.
- Contact their customer service department by phone or other methods listed to ensure someone will be available to communicate with you should you need to get in touch with them.
- Check BCA for information on the company including their complaint history and how responsive the company is to complaints and consumer reviews.
- Explore features such as online access, text alerts, overdraft protection, money management tools or any other available features that may help you with your financial needs.
- Contact your local bank or consider joining a credit union as an alternative.
- Shop around and compare plans to find the one that best fits your budget and financial needs.
Check out our
blog on this company.