A prepaid debit card is one of the best alternatives to credit and debit cards. It gains popularity at an outstanding base due to the benefits that it extends to its customers. Unlike debit and credit cards, prepaid debit cards are not linked with your bank account, and you mostly use it for withdrawing cash, paying for flight tickets, everyday purchases, and online shopping, once you have already loaded money onto the card in advance.

Importance of a prepaid debit card
Most people who want to cut down their expenditure prefer a prepaid debit card because it helps in budgeting and controlling their spending. As there is only a limited amount of money available, you would automatically limit your spending and avoid debts. It helps to track and manage your spending as the cardholder will be aware of how much money is available. You can be free from the risks of overdraft as you can plan your monthly expenses on the basis of the money kept handy. One of the best advantages of holding a prepaid debit card is that you no longer need to visit a bank to cash a check, the money is automatically deposited onto your card every month. When compared with debit and credit cards, prepaid debit cards offer better protection from theft, fraudulence, and privacy intrusion, making it one of the best choices for money handling.

Best prepaid debit cards

• American Express
  American Express is a major credit card company that offers prime lending of money. However, they now offer prepaid debit cards that are surprisingly cheap because there is no startup cost and no monthly fees. A prepaid debit card does not have an ATM network facility; you just need to pay about $2 for each withdrawal, but the first one for every month is free. The American Express prepaid debit card works best for people who want a payment card without a credit card check and for people who don’t qualify to purchase a credit card. The commodities purchased with the card are covered by Amex Purchase Protection, and you can load only up to $2,500, which is the maximum you are allowed to hold in your card at a given time.
• Moto Virtual Prepaid  Visa Card
  Most prepaid debit cards generally charge a monthly fee or a fee for every time you swipe to make a purchase; however, the Moto Virtual Prepaid Visa Card does not levy any kind of charges. As it is a virtual card, you can make use of it to make payments online. They also offer physicals card for purchases, ATM withdrawals, and cash back at retailers. Moto has numerous free services, but making bill payments or funding the card with debit card transfers results in incurring fees. The major advantage of this card is that it protects the main account number during transactions.
• Akimbo Prepaid MasterCard
  Akimbo Prepaid Cards are best for budgeting as it lets its users purchase up to five secondary cards either for family members or any individual who wants to cut down their regular expenses using multiple cards. They don’t charge for activation or levy monthly charges, but they charge for each of the first five purchase transactions using a PIN per month. Additionally, it charges about $5.95 if the card remains inactive after a year’s time. It does not have an ATM network of their own; therefore, it charges every time you use it for money withdrawals from any ATM center. However, it’s cheaper than many other ATM network fees among prepaid debit cards.
• Chase Liquid Card
  Chase Liquid is the first prepaid card that got these cards started in the market. It is offered by the nationwide bank and the prepaid card users are allowed to make direct deposits or they have the option of depositing money at any chases nationwide ATM networks in 26 states free of charge. The Chase Liquid Card allows users to take cash and load cash for free, unlike prepaid cards that charge users to add cash or charged by the third party by buying money packs . Only a monthly fee is waived if you hold a Chase Premier Plus Checking or another high range account, making it one of the best prepaid debit cards available today.
• Famzoo Prepaid Card
  Famzoo Prepaid Card is ideal for families by giving the authority for parents to be virtual bankers for their kids. You can add more than four cards to be part of one monthly plan. They provide a user-friendly website and iOS mobile app that allows you to send allowances, payments, tracks accounts, check balances, and send you notifications and email alerts. It stands out in terms of flexibility as you can use 25,000 MoneyPass ATMs nationwide yet doesn’t charge any withdrawal fee. You will be charged for using the card in any other ATM networks.