Saturday, January 19, 2008

What They May Not Tell You About Money Cards

Wal-Mart offers a pre-paid plastic card that you can use like a debit card: MoneyCard.

Some highlights from the fee schedule:
· Card issue fee: $8.94
· Reload the card with more money: $4.64
· ATM transaction fee: $1.95
· ATM balance inquiry: $0.75
· Monthly maintenance fee: $4.94
· Statement fee: $2.00
And, of course, all disputes are settled by binding arbitration. I guess some people would think this is a good deal.

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