Pre Paid Debit Cards Offer Alternative Banking

Pre paid LyfeCard card debit card have entered the market. The card offers the un-bankable and the credit challenged public options that they would never have before.

(PRWEB) June 12, 2005 -- This alternative to conventional banking does not require the cardholder to pass a credit check, have an existing bank account. Literally anyone with a place of residence can obtain a pre paid debit card.

Pre paid debit cards require that you have a balance on them in order to make purchases and get cash at atms. Some like the LyfeCard Card have the ability to do card to card transfers for low rates, thus saving costly wire transfer or Western Union fees. Most of the pre paid debit cards are country specific and cannot be issued just anywhere. The LyfeCard Card www.lyfecard.com is in the United States and can be issued to any United States resident with a valid mailing address, or can be purchased at a retail location. Some debit cards are international, and can be sent anywhere, an example of a pre paid international debit card is located at www.debitcarddirectory.com .

Pre paid debit cards carry a monthly fee and have transaction fees, specific limits, and have an initial cost ranging from $20 to $80 depending on the card. Used wisely, these cards can be a valuable addition or alternative to conventional banking.

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