What is a Spendwell card and how does it work?

A Spendwell card is a type of prepaid debit card that allows individuals to load money onto the card and use it for purchases just like a traditional debit card linked to a bank account. It works by preloading the card with funds, which can then be used at merchants that accept card payments or online for e-commerce transactions. The amount of any purchase is deducted from the card's balance, which can be reloaded as needed. The Spendwell card provides a convenient payment method without requiring a credit check or bank account, making it accessible to a wide range of users who may not qualify for conventional banking products or prefer a spending tool with a set limit to help manage their budget and avoid overdraft fees.