If a retailer does not accept personal checks, it likely will accept a debit card as a form of payment for products or services. Just ask or look for a sign that reads that MasterCard or Visa cards are accepted. While debit card purchases technically run on a different network than credit cards, these networks are still run by MasterCard or Visa. If you write a check and don’t have enough funds in your bank account to cover the amount of the check, you can get overdrawn. This can mean hefty overdraft fees for every bounced check, sometimes as much as $30 per check. A check card (a debit card that is tied to your checking account) can still put you at overdraft risk depending on the bank. Most reloadable prepaid cards, however, will not allow you to become overdrawn and thus can’t hit you with an overdraft fee.
Is there such a card? Yes, there are banks out there that don’t require a credit check in order to get you that plastic. For example, some banks will only require an ID check in order to approve you for a debit card. Simply provide your social security number and physical street address and watch how fast that debit card ends up in your hands!Additionally, if you’re a student with no credit history whatsoever, you can still get a debit card without going through a credit check. Many banks offer bank accounts, debit cards and other services that cater specifically to the student population – and all you’ll need is to fill out a simple application! However, with these accounts, it’s important to read the fine print, as you may be slapped with higher-than-normal fees due to your student status.
If you’re unable to find a local branch that offers a debit card without a credit check, then perhaps a prepaid debit card is your best bet. These convenient cards are easy to obtain and require no credit history or employment verification whatsoever – and more importantly, they’re more secure than ordinary debit or credit cards when it comes to online shopping. Best of all, you can link your checking account to the card so that you can reload the balance with no hassle!However, if you’ve been denied a checking account due to your credit history, it can be next-to-impossible to obtain a debit card. If this scenario sounds all too familiar to you, the myprepaidbalance n don’t despair: you can still get a bank account without having to submit your credit for approval.
No annoying overdraft fees. If you ever made a purchase on your debit card that exceeded your checking account limit, you’ve probably felt the pain of forking over a large amount of cash towards expensive overdraft fees. Similarly, credit cards aren’t so kind towards those who exceed their limit, as credit card lenders can slap you with outrageous fees in return! Yet with prepaid debit cards, you’re never at a risk for exceeding your account balance or landing yet another fee; you’re restricted to the amount of money that’s available on your card. If you don’t have enough money for your purchase, your card won’t go through – it’s as simple as that!