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Pre-Funded Debit Cards

Pre-Funded Debit Cards

Safeguarding Your Financial Information and Identity

Pre-Funded Debit Cards

While most web transactions are safe, financial information can still go astray. If you use a credit card to purchase an item online, that information could be at risk. Some consumers get pre-funded debit cards from their bank to take care of online transactions. For example, say you plan to spend $200 online; you can purchase a $200 debit card at a bank or financial institution and use that card to make the purchase. Since the card in effect expires once you make the purchase, identity thieves cannot tap into your personal accounts since the card no longer has any value. In effect a pre-funded debit card works like a gift card, but you can use the card at any online or offline retailer that accepts credit cards.

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