In an article published by the Huffington Post the CEO of Plastyc Inc. Patrice Peyret makes a bold statement. He says:
“There are many sources of prepaid accounts. Some
non-for-profit organizations like the Community Financial Resources
offer a one dollar per month prepaid card, which, when used
occasionally for ATM withdrawals, amounts to about $50 per year. Credit
Unions also strive to offer lower-cost services than traditional banks.
They tend to be less Internet-ready than larger institutions, but
several of them have low-cost prepaid cards that you can manage online.And a new generation of online-only prepaid accounts offers many of
the same services of a traditional checking account but with fewer fees
and constraints. If you shop carefully and choose a service that offers
FDIC insurance, you’ll get the same level of safety as a bank checking
account. There’s no retail bank to visit, but you can log-in anytime
via any Internet-connected PC or cell phone, and get email support at
no cost.How much exactly can you save? The example I know best is the
iBankUP service offered by my company: its yearly cost for a usage
pattern similar to the Bretton Woods study is $55. This is about $220
less than the median price of a checking account.Using this kind of service instead of a bank checking account,the
51 million people in the 18 to 29 age range would collectively save $11
billion.Finally, an $11 billion stimulus package from the banks to American consumers, not the other way round.” Click here to read the entire article.
Did you know that Check City offers netspend Prepaid Debit Cards? With great prices and low fees you can save money and keep yourself out of debt by getting a prepaid debit card. The best part is, our prepaid debit cards are accepted anywhere Visa and Mastercard are accepted worldwide, saving you time and money while still giving you the convenience a card offers.
