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Just like a bank account, you can have funds transferred from a prepaid credit card to pay car loans, the mortgage, utilities, or just about any other monthly expense.
Because of this, a no fee prepaid credit card is about as close to a bank account as you can get, without getting a bank account.
t is estimated that about 40 million Americans do not have a bank account. For many, they are unable to qualify for a bank account because of past bounced checks.Unless a post is clearly marked "Sponsored", however, products mentioned in editorial articles and reviews are based on the author's subjective assessment of their value to readers, not compensation.Compensation may impact how and where products appear on non-editorial pages (e.g., comparison or "marketplace" pages).All prepaid cards charge various fees, but some of them waive some or all of the fees if you sign up for direct deposit.So here are the top free prepaid cards and low fee prepaid cards to consider.