Report evaluated fees and features of 20 popular prepaid cards
The report states that consumers loaded
“Our customers consistently tell us how our product has helped them
control spending and manage their finances,” said
Green Dot designed its simple fee structure to give all its customers
the opportunity to bypass fees. To use the card without fees, Green Dot
customers simply need to make a minimum of 30 transactions or load at
least
The Card Hub 2012 Prepaid Cards Report evaluated how useful 20 popular prepaid cards are based on their fees and features, looking at three primary applications for prepaid card use: 1) alternative to a checking account; 2) tool to give your child their allowance; 3) alternative check cashing tool.
The complete report can be found at http://www.cardhub.com/edu/prepaid-cards-report-2012/
About Green Dot
Green Dot is a publicly traded (NYSE:GDOT) bank holding company
regulated by the Board of Governors of the Federal Reserve System. The
Company provides widely distributed, low-cost banking and payment
solutions to a broad base of U.S. consumers. Green Dot's products and
services include its market leading category of General Purpose
Reloadable (GPR) prepaid cards and its industry-leading cash transfer
network which are available directly to consumers online and through a
network of approximately 60,000 retail stores nationwide where 95% of
Americans shop. Green Dot is headquartered in the greater
Source:
Investor Relations
Christopher Mammone, 626-739-3942
IR@greendot.com
or
Media
Relations
Liz Brady, 646-277-1226
lbrady@icrinc.com