Fast Loans - Personal Unsecured

A direct deposit debit card can help save card holders hundreds of dollars a year on check cashing fees. These cards are prepaid credit cards issued as a Visa or MasterCard.

You must fill out a form and give this to the payroll department of your employer to use direct deposit. From then on your checks will be deposited into your account.

You will still be issued a paystub for you personal records. This will show you how many hours you worked and how much was taken out of you check for taxes.

You can check your account balance and recent activity online. You will be able to use direct deposit for payroll checks, pension checks, tax returns, social security and more.

You can then use your prepaid credit card to make purchases. This card can be used over the phone and online.

If you need cash your card can be used at any ATM. Most cards can be used to book hotel reservations and rent a car.

In addition most cards offer another feature called bill pay. This is where you can use your card to pay bills. This will save you more money by not having to purchase money orders.

This card also offers free credit builder. This is a service that will make a record of the payments you make using bill pay and report that information to a credit reporting agency. This can be used to show future creditors your credit worthiness.

Most of these cards offer guaranteed approval, regardless of chex systems or credit history. This card acts just like a checking account.

However you will never pay overdraft fees, late fees, or interest charges. Some cards will give you free activation when you sign up for direct deposit.

If you are in chex systems or just have bad credit, we do suggest a direct deposit debit card. It gives you all the features of a checking account, while saving you money on money orders and check cashing fees.