March 12, 2012
Source: Bretton Woods & NBPCA
Reloadable Prepaid Cards Are Low-Cost Options Compared to Other Financial Tools According to Annual Bretton Woods Analysis
According to the third annual Analysis of General Purpose Reloadable Cards released today by Bretton Woods, Inc., consumers who utilize a reloadable prepaid card to manage their finances can do so at a relatively low cost - as little as $8 per month - often paying less than the costs associated with low-balance checking accounts or the costs associated with cash-based lifestyles that include utilizing money orders and check cashing services. The steady growth of branded prepaid cards, used as alternatives to high-cost checking accounts and as a way for the unbanked to gain access to the payments system, is reinforced by the 2010 Federal Reserve Payments Study.
View the below Press Release announcing the report.
2012 Bretton Woods Press Release