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Suze Orman

Do Big-Bank Prepaid Cards Lead the Pack?

Debit Cards Best Prepaid Debit Cards Do Big-Bank Prepaid Cards Lead The Pack?Big banks have jumped into prepaid debit cards.Many of the nation's biggest banks, including JPMorgan Chase, PNC Bank and U.S. Bank, now offer their own prepaid cards.Many of these bank prepaid cards now have low monthly fees, according to the Bankrate 2014 Prepaid Card Survey. Typically, there are no fees for bank ATM withdrawals or reloading a card. Even so, nonbank prepaid card fees also are dropping and their features may be richer, according to a July 2013 Consumer Reports study.With prepaid cards, the attraction for big banks is that their use is exploding. The dollar amount loaded onto prepaid cards is expected to grow from $82 billion in 2012 to $167 billion at the end of 2014, according to the Consumer Financial Protection Bureau, or CFPB.Find the best credit cards at Bankrate.com.Consumers are turning to prepaid cards because of financial difficulty, says Christina Tetreault, a staff attorney at Cons...

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    MarketWatch Senior Columnist Chuck Jaffe and Wealth Health Managing Director Rich Coppa on the flaws with Suze Orman ’s prepaid debit card.

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  1. Find the Best Prepaid Debit Card for You

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    CreditSesame.com credit expert John Ulzheimer on companies collecting consumer information from social media.

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