Browsing: prepaid cards

Newsbytes

The four largest nationwide banks — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — have implemented or agreed to implement the Bank On National Account Standards for bank products that are low-cost, low-fee and overdraft-free.

Newsbytes

People without checking accounts are nearly twice as likely as those who do have checking accounts to own a general-purpose, reloadable prepaid card, according to researchers at the Federal Reserve Bank of Boston. Twenty-four percent of the banked have a prepaid card, while 45 percent of the unbanked do, they found.