What is the difference between a prepaid card and a debit card?

Modified on Fri, 17 May 2024 at 04:27 PM

Like all debit cards, the TallyMoney Debit Mastercard® is linked to an individual account number in your name. A prepaid card is often connected to a pooled account (i.e. an account shared by multiple customers), which offers less consumer protection than a debit card. Debit cards are also more widely accepted than prepaid cards.

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