Prepaid Debit Cards

The mashed up bank is an interesting post, from a real live UK banker, that asks the question “[is it possible] to do without a bank at all and still have a relatively normal life?” (I found the post thanks to a link from Johnnie Moore).

One of the things the post mentions is something called “prepaid debit cards,” something I’ve never encountered. So I asked for some pointers and received today a helpful pointer to Guide to Prepaid cards.

Do such things exist in Canada?


Charles's picture
Charles on February 26, 2008 - 18:04 Permalink

I don’t know about debit cards, but Mastercard has a credit card that works basically the same way.… Works anywhere that accepts Mastercard instead of anywhere that accepts Interac, and apparently doesn’t let you spend more than you have prepaid.