For millions of Americans, a prepaid debit card takes the place of a checking account for making purchases and paying bills. But unlike most traditional bank accounts, a prepaid card doesn’t guarantee you’ll get your money back if the card issuer goes belly up. Some prepaid cards offer no recourse whatsoever if the issuer tanks...
from NerdWallet
https://www.nerdwallet.com/blog/banking/why-your-prepaid-debit-card-needs-to-have-fdic-insurance/
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