The application of pre-paid cash card for consumers

In the recent years, the “Prepaid Debit Cards” came into existence and popularity. The biggest distinction with “Prepaid Debit Cards” is that no checks are associated with Prepaid Debit Card accounts. Prepaid Debit Cards are much safer for the banks to issue because:
· All transactions for these new debit cards are authorized online against account balances
· There are no “Floats” from written checks that can cause overdrafts

These new debit cards are applicable to just about anybody with a valid government issued ID and verifiable address.

Besides, prepaid Debit Cards can be issued to “Bankable People” and “Un-Banked People” with:
· No bank account needed
· No banking history needed
· No credit check
· Just about everyone is approved - no declines
· No employment verification needed

The advantages of holding a Debit Card for a consumer are as follow:
1. Easy Payment
Debit Card is the simplest and most convenient way of making payment of goods and/or services purchased.

2. Convenience
The major advantage is that you need not require carrying bulky cash, as the small plastic is convenient to place in your wallet.

3. Replacement
In case your card is lost/stolen, you can immediately block the usage by informing the bank and get a replacement one.


4. Emergency Use
It is useful during emergency situations like shortage of cash, late night etc

5. Easy For Travelers
You can benefit from our International card if you are frequent traveler as it prevents hassles of foreign exchange.