Visa releases new reloadable prepaid debit card for unbanked
Visa announced that it will release a new Reloadable Prepaid Debit Card that will be available in Winn-Dixie supermarkets next month. The card is marketed for consumers who do not have a banking account. More than 100 million Americans are considered unbanked but are still in need of the conveniences of a debit card.
The card will cost $3 and come with a $2.95 monthly maintenance fee on the card account. Card users will be charged $2.95 to add funds and $1.50 for ATM withdrawals. Purchases can be made on the card without a fee.
