>>But they do have bank charges that can run higher than the interest charges on prepaids.
Yes, they “can”. Or they can go find a good credit union and the fees don’t exceed prepaid card interest. If they really live paycheck to paycheck and somehow get paid in cash so they can transfer it over to a prepaid card and risk all the money they have in the world on a lost wallet, then all I can do is shake my head.
Is the lotto their retirement plan too? Do they consider “a good set of dubs” to be an investment? LOL.
Prepaid credit cards are declined if the charges exceed the balance. Debit cards are like checks. You can overdraft and some banks will charge a daily overdraft fee. I think that’s the appeal for people who aren’t great at managing money.
My son is using a prepaid card right now while he is straightening out his credit. He has his paycheck directly deposited to his prepaid card.