What is a Green Dot Prepaid Visa Card and how does it work?

A Green Dot Prepaid Visa Card is a reloadable debit card that can be used for everyday purchases, bill payments, and cash withdrawals like a traditional debit card linked to a bank account. It works by allowing customers to load money onto the card through various methods, such as direct deposit, bank transfers, or cash deposits at participating retail locations. Once the funds are loaded, the user can spend up to that amount, keeping transactions within the pre-funded balance. Unlike credit cards, there's no borrowing involved; users can only spend what they have already deposited, thus avoiding debt and interest charges. It comes with features like online account management and is accepted at any merchant that accepts Visa debit cards. Monthly maintenance fees and other charges may apply depending on the user’s usage and selected plan.