prepaidcards

Are Banks Giving Up on Credit Cards?

After a long spell of losses on their credit card portfolios, banks are finally seeing that business return to normal profitability. So you might expect that those banks would be racing to offer new credit card to customers. You'd be wrong.

Mango's 6% Savings Acount: Too Good to Be True?

Savers have taken it on the chin for years, with banks paying almost nothing on checking and savings accounts while charging big fees. So when a new financial website offered a 6% interest rate on an insured savings account, it got a lot of attention.

Prepaid Cards: Which Ones Are Worth the Fees

CardHub.com recently put five of the most well-known prepaid card issuers under the microscope to see how useful their products are based on fees and features. Which offers the best deal? The answer might surprise you. But the real question is should you use a prepaid card at all.

Treasury Turns to Prepaid Debit Cards for Tax Refunds

The Treasury Department is launching a pilot program to deliver tax refunds via prepaid debit cards rather than checks. The plan aims to cut down on the administrative costs associated with checks and to help lower-income taxpayers without bank accounts, The Wall Street Journal said.

Prepaid cards are filled with pitfalls

Soon after WalMart announced it will pay employees without direct-deposit banking via debit cards, Consumers Union, the organization that publishes...