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5 Tips for Choosing a Free Prepaid Debit Card
By Beth Derkowitz
Many families and individuals are looking for ways to save money and manage their finances. But with everything that seems to be necessary, this can be difficult to do. And this is where a free prepaid debit card can help take the hassle out of money management and keep some change in their pockets.
1. Easy to use
When you first decide to look for a free prepaid debit card, you'll want to be sure that you understand the way that it works. While some consumers will find that a free prepaid debit card is just like a credit card, you may still want to go over the fine print of the agreement that you will be signing.
Many free prepaid debit card companies are more than willing to discuss the way the system works either by phone or via email. Go to the free prepaid debit card company's website and read the various informational articles to see where your needs are met and where they might not be.
2. Tracking tools
In order to be able to manage the balance on your free prepaid debit card, you will want to receive some sort of statement or be able to watch transactions as they occur.
Or you might feel that an online tracking service works better for you. A free prepaid debit card that allows you to manage and observe your balance constantly is the best choice for using the free prepaid debit card wisely.
3. Acceptable anywhere
While most free prepaid debit cards are accepted anywhere the Visa or Mastercard logo is taken, you need to be sure that there aren't other stipulations that you might have to understand.
Try to find a list of retailers that accept the free prepaid debit card that you are looking into before signing up. You wouldn't want to get a card that you can not use.
4. Moderate fee system
While the point of a free prepaid debit card is to have no fees at all, you must understand that in order for the free prepaid debit card company to make money, there are fees for general use. Check to see if these fees are in line with what you can afford and are willing to pay.
5. FDIC insured
And lastly, be sure to look for a free prepaid debit card that is insured. This feature will make sure that your money stays on the card and is able to be used by you at any time.
A free prepaid debit card can be just the tool that you've been looking for to manage your finances, but be sure to follow this advice to ensure that you've chosen the card that fits you.
About the Author
Beth Derkowitz recommends Find Credit Cards for finding a free prepaid debit card. See http://www.findcreditcards.org/type/prepaid.php for more information.
Article Source: http://www.simplysearch4it.com/article/23380.html
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