Publish Date: September 2023
As Your Hometown Bank, we’re constantly assessing consumer spending and finance trends, so we can provide the best products and services to meet your needs. Prepaid cards are becoming increasingly popular as they offer a convenient and secure way to pay. In fact, the market is expected to grow from $13.79 billion in 2021 to more than $22 billion in 2026*, which tells us this form of payment is here to stay.
“Our customers are used to prepaid cards for things like special occasion gift cards, but we’re excited to now be offering a reloadable prepaid card option,” said Carolyn Turnis, Five Star Club Supervisor at Fidelity Bank & Trust. “Reloadable prepaid cards function much like a traditional debit or credit card; however, they are loaded with a specific amount of money and cannot be overspent. Because you can only spend the amount of money loaded on the card, they are a great option when you are traveling or simply want an easy way to budget,” added Carolyn.
Learn more as Carolyn details situations where a reloadable prepaid card could be helpful:
Whether you’re looking to stick to a budget, or simply want to avoid carrying cash, debit and/or credit cards, a reloadable prepaid card could be the right choice. (Please note, you will receive a temporary card at the time of purchase. You must complete an online registration to receive your permanent, personalized card that can be used for traveling. Please allow for mailing time when planning your card usage.) In addition, Fidelity Bank & Trust continues to offer non-reloadable prepaid cards that can be used as gift cards for any occasion. Stop in to any of our locations to learn more and get started!