Bank Freedom Launches Affordable Prepaid Debit Card
Prepaid debit cards are often the only choice for consumers who need an alternative to cash, but who can’t get approved for regular debit cards or credit cards. These prepaid cards frequently come with hefty usage and activation fees, making them a less than stellar deal.
Not so with the new Bank Freedom prepaid debit card. This newcomer offers free activation, free direct deposit, and no monthly fee (for cardholders who deposit $500 or more into their account each month). They guarantee 100% acceptance for prospective cardholders.
Bank Freedom designed this card for “underbanked” customers – that is, customers who don’t have ready access to a bank account. These customers frequently use expensive check cashing services in lieu of traditional checking accounts. Bank Freedom founder Bruce Berman approves of the card. He says that he has been underbanked several times in his life. States Berman: “It’s even tougher now to live a normal life if you’re underbanked than it was 20-30 years ago. The Internet doesn’t take cash and with the Bank Freedom Prepaid Debit Card you can now make those online purchases too.”
Bank Freedom estimates that 40-80 million Americans do not have access to credit cards. If your own credit score is hurting, check out these cards for consumers with poor or no credit.
