Secure and Trouble-Free Sharing of Funds through a Prepaid Debit Card

SUMMARY: Having a prepaid debit card is often associated with cashless transactions in both online and brick and mortar stores. Prepaid debit cards, though, offer more benefits than that, including safe and easy sharing of funds.

BODY: Opening a prepaid debit card account brings a whole lot of benefits to the cardholder. Among these perks is getting to shop at a large number of stores or dine in restaurants without needing cash, bringing security to the user.

Another great advantage of having a debit card is the easy sharing of funds either to fellow cardholders or through an extension card. In any case, sending of funds with the use of the debit card is often way safer than sending cold cash or check.

The cardholder simply has to authorize the transfer of funds by making a phone call to the card provider or enabling the process online. The recipient with a separate prepaid card account under the same provider may then get the money using his card.

For a minimal fee, the primary cardholder can also share money with a companion card. The transaction may as well be authorized by phone or through the Internet.

The companion card offers the same benefits as the primary card, such as cashless transactions where the prepaid debit card is accepted. Depending on the card provider, the user may also withdraw cash from ATMs found locally and abroad.

Contingent on the size of the card provider’s network, adding money to the debit card is a hassle-free experience, with reloading centers also conveniently located in grocery stores and other easily accessible spots. So sending cash to a loved one in another state or even abroad is trouble-free with prepaid debit cards.

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A premier provider of financial services to underserved consumers, MiCash Inc. offers a general purpose prepaid debit card that is reloadable in thousands of reloading stations across the US. The card also allows safe and easy transfer of funds to another cardholder or through a companion card. Learn more about this service by visiting http://www.micash.net or by calling 1-866-642-2741.