Pre-pay card fees revealed
How much does it cost to spend £100 of your own money? As much as £5, if you use one of the new generation of prepay plastic cards.
The cards, marketed as an alternative to credit and debit cards, are more secure than cash and can be used online. They are being promoted fiercely at a time when bank branches are closing, limiting access to cash.
Meanwhile, many High Street chains, such as Boots and PC World, are refusing to accept cheques. But there is a heavy price for this convenience and flexibility.
The cards, marketed as an alternative to credit and debit cards, are more secure than cash and can be used online. They are being promoted fiercely at a time when bank branches are closing, limiting access to cash.
Meanwhile, many High Street chains, such as Boots and PC World, are refusing to accept cheques. But there is a heavy price for this convenience and flexibility.
Read more at: Pre-pay card fees revealed
posted by e-borneo.com @ 5:36 PM
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