Problems with prepaid cards

A consumer reports analysis of prepaid cards has found the cards are booming, but they lack the guaranteed protections consumers take for granted with debit and credit cards, protection like what happens if the card is lost or stolen or used for unauthorized transactions.

Prepaid cards are also often loaded with fees, which are not disclosed at the point of sale.

The analysis examined 16 major prepaid cards and found many fees including, activation fees, fees to get cash, fees to get a paper statement, and even fees for customer service and inactivity.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 144940155 -
Gray Television, Inc.