Debit Card Drawbacks

By: Channel 6 News Email
By: Channel 6 News Email

As more traditional banks raising checking account fees, those prepaid debit cards are growing in popularity.

But in a new survey, 58% of U.S. adults said they are not aware of fees connected to prepaid debit cards...such as activation fees, fees to get cash, or fees to get a paper statement.

The survey also found 44% of U.S. adults have a negative opinion of the cards.

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