How do Green Dot prepaid cards function?

Green Dot prepaid cards operate much like a traditional debit card but are preloaded with funds by the cardholder. Upon purchasing a Green Dot card, one can add money to the card at various retail locations, through direct deposit, or using bank transfers. Each time the card is used for purchases or ATM withdrawals, the amount is deducted from the balance available on the card. Users can track their spending and balance online or through the Green Dot mobile app. Green Dot prepaid cards come with a network brand such as Visa or Mastercard, allowing them to be widely accepted both in stores and online. As these cards are not linked to a checking account and do not offer a credit line, there's no risk of overdraft fees, making them a popular budgeting tool for those looking to control their spending.