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More finance tools have continued to find their ways into the system, including the prepaid bank card. According to the Mercator Advisory Group, the global market for prepaid cards is expected to reach US$3.1 trillion by 2022. This projection is backed by the increasing needs of under-banked and unbanked customers and the continuous drive for cashless policies worldwide.
What is a prepaid bank card?
The prepaid bank card or recharge bank card is a popular payment method available to everybody – you can even get it from the internet. The recharge bank card is prominent because it requires no bank account to work. Also, it is not linked with Mastercard, Visa, or any other international financial networks.
What can your prepaid bank card do?
If you are wondering why you should get a rechargeable prepaid bank card for yourself, the reason is simple. It serves a flexible payment method with unrestricted accessibility. Hence, it is acceptable at shops where Mastercard, Visa, and similar payment methods are acceptable. Also, it is very easy to reload a prepaid bank card.
So, if you have been bank-banned or you wish to get more disciplined with your finances, getting a rechargeable bank card will be the way to go. With a prepaid bank card, it is way easier to stay on budget and track expenses.
Who can get a prepaid bank card?
As mentioned earlier, there are zero restrictions for the acquisition and use of a rechargeable prepaid bank card. It comes handy if you are on a banking ban, and you still need an IBAN and a card bank Mastercard or Visa. It is great for a traveler that prefers excellent exchange rates or a multi-currency account.
Also, if you are an expatriate or a student who needs a Euro account or the local currency of your host country, a prepaid bank card will do just that.
How do you get a prepaid bank card?
Now that you are ready to get a prepaid bank card for yourself let’s discuss where and how to get one.
This is why we help prospective prepaid bank cards find the best offers. With our special comparison tool, you can easily compare two or more prepaid card providers, and judge by important criteria like fees, required documents, ceiling conditions, and more.
Our database comprises top prepaid bank card providers that have been tested and found reliable on all grounds. Click below to proceed to the comparison tool. Feel free to drop your comments or questions in the comment section; we will attend to them as soon as possible.
