| You could get a Visa prepaid debit card with the Visa | | | | offer direct deposit credited directly to their online |
| logo in your mailbox, ready to be activated in 48 hours | | | | checking account, credited to their debit card balance. |
| flat. No credit checks, no ChexSystems, none of the | | | | In fact, most 'free checking account' require direct |
| other common hassles that come with opening a | | | | deposit to keep the account 'free'. So once again, not |
| traditional checking account. A prepaid Visa debit card, | | | | much difference between prepaid cards and checking |
| plain and simple. Are online checking and prepaid debit | | | | accounts, just no actual paper checks. |
| cards 'The New' checking account? | | | | And last, what about credit checks? How about |
| First of all, as we all now, brand name matters. Unless | | | | ChexSystems? A bank account can be denied |
| you have an ATM card with a Mastercard or Visa | | | | because of bad credit, or a Chex Systems flag. A |
| logo on it, it's basically another card taking up valuable | | | | potentially embarassing situation. But with many Visa |
| space in your wallet. I use Visa prepaid cards myself, I | | | | prepaid debit cards have no credit checks and are |
| find they are accepted in more places that I shop. | | | | affiliated banks that don't use ChexSystems. Just free |
| Whether from the mailbox or your bank manager, | | | | activation and a deposit, 100% approved. Again, Visa |
| brand name is a must. the best prepaid debit card, | | | | prepaid comes out on top. |
| Visa or Mastercard is up to you. | | | | Visa prepaid debit card = 4 |
| Second, and more to the point: Does anybody actually | | | | 'Traditional Checking Account' = 0 |
| write checks anymore? Everything is online checking, | | | | In closing, whether you decide to go the traditional |
| account updates, instant debit, instant charge to your | | | | route or sign up with one of the many Visa certified |
| Visa card. So, is a paper check still relevant? It's a | | | | debit cards available with online checking, that's a |
| personal choice of course. As for myself, I love | | | | decision that's your's to make. No credit checks, non |
| simplicity. | | | | Chex Systems, direct deposit, that's the way to go. |
| Third, do Visa prepaid debit cards offer direct deposit | | | | Clearly, prepaid and 100% approval debit cards are the |
| like most traditional bank accounts do? The answer is | | | | clear winner for me! |
| Yes! Most prepaid debit cards, Visa or Mastercard, do | | | | |