This was briefly mentioned in this 3 day thread.
http://www.early-retirement.org/forums/f27/warn-the-young-ones-64800.html
I have signed up online, and am awaiting the account cards... free on line, but offered as a "starter kit" at Walmart, for $5.
I would be interested in any feedback from those who have used this (newer) debit card.
It looks to be almost foolproof...
Offered by Walmart and American Express, no fees... can load card from your bank online, at Walmart, or Amex ATM's for free. Usable wherever American Express is offered. Can use "sub-account" cards, limiting the withdrawal amounts and frequency. I like the idea of this, as a safety cushion for kids, or to keep in the car... just in case..
The only downside that I see, is the limitation of acceptance of Amex cards. My guess is that this will eventually change as this card takes off.
Do you see any problems?
http://www.early-retirement.org/forums/f27/warn-the-young-ones-64800.html
I have signed up online, and am awaiting the account cards... free on line, but offered as a "starter kit" at Walmart, for $5.
I would be interested in any feedback from those who have used this (newer) debit card.
It looks to be almost foolproof...
Offered by Walmart and American Express, no fees... can load card from your bank online, at Walmart, or Amex ATM's for free. Usable wherever American Express is offered. Can use "sub-account" cards, limiting the withdrawal amounts and frequency. I like the idea of this, as a safety cushion for kids, or to keep in the car... just in case..
The only downside that I see, is the limitation of acceptance of Amex cards. My guess is that this will eventually change as this card takes off.
Do you see any problems?