Once you have a prepaid debit card, you can use it however you like. It works just like a traditional bank account, except you don’t have to visit a bank branch or stand in long lines to deposit or withdraw money. We’ve discovered our customers use prepaid debit cards in specific ways. The following are the top five that help our customers save money, time and resources.
Pay Bills Online
Paying bills shouldn’t be a chore. You don’t want to visit your utility or cable company, stand in line and hand over cash when you can pay your bill online without ever leaving the house.
Just sign up for an online account with your utilities and other bill collectors, and add money to your prepaid debit card. When it’s time to pay your bill, enter the numbers from your prepaid debit card just like you would with any debit or credit card. It’s a hassle-free bill paying experience.
Shop for Online Deals
Comparison shopping is much easier when you can do it from your laptop or tablet. Instead of visiting multiple stores or carrying your smartphone to brick-and-mortar establishments to compare prices, shop from the comfort of your home using your prepaid debit card.
Look for the best price for the item you want, then buy it online using your prepaid debit card and have it shipped to your house. You’ll save money on the things you want and need, and you won’t have to waste gas money or your time and effort.
Pay for Home Essentials
From paper products to canned vegetables, you can pay for the things you need with your prepaid debit card. Visit any store that accepts Visa®, then use your card at the register to pay for your purchases.
Set Up Direct Deposit
When you get paid, you don’t need to take your check to a bank and deposit it. Instead, you can get your cash directly deposited onto your prepaid debit card. You often get your money faster this way because you’re not waiting for a paper check, and you can use the cash as soon as it hits your account. Sign up for Direct Deposit with a Green Dot card, and you can get paid up to 2 days earlier depending on when we get the payment instructions from your employer.
Build an Emergency Fund
Saving isn’t as fun as shopping online, but it’s far more necessary. What if your car breaks down, you need a new washing machine or you suddenly get sick and have to spend time in the hospital? None of us wants to think about those unpleasant facts of life, but they happen.
Establish an emergency fund on a prepaid debit card and deposit a pre-determined amount every month. Even if you can only contribute $5 per month, the balance will slowly build and make you more financially secure.
Prepaid debit cards can be used in a variety of ways, from online shopping to building an emergency fund. They can also be used for everyday expenses. If you’re ready to simplify your financial life, get a Green Dot Prepaid Visa Debit Card today. View Green Dot’s simple fees here.