Category Archives: Debit Cards

Debit Cards vs. Prepaid Card

Debit cards and prepaid cards are similar except for one key difference: debit cards are linked to a bank account (typically a checking account), while prepaid cards are not. This difference affects how the card is regulated by the government, what fees are allowed and are not, and how you add money to the card. Types of Cards Prepaid Debit Card Before we get into the differences between them, we should… Read More »