Prepaid debit cards are a convenient way to make purchases, they prevent consumers from spending more money than they have and it is easy to add funds. Prepaid debit cards are like an auto brake pedal. They stop you from crashing and going overboard with your spending.
Bank of America will start charging debit-card users $5 a month to pay for purchases. The move comes as the cards increasingly replace cash and as banks look for ways to offset the loss of revenue from a new rule that will limit how much they can collect from merchants. Paying to use a debit […]
