While prepaid debit cards have long been criticized for having too many fees (and for being less than transparent about those fees), the impact of those fees will largely depend on how you use a particular prepaid card. Choosing one that’s ill-suited to your needs could cost you hundreds of dollars a year in fees that you didn’t need to spend. [More]
the unbanked
Roving Tellers Spread Banking To India's Hinterland
By 9.30.11
Human ATMs are traveling from village to village in India, sometimes by rickshaw, armed with computer gear and taking deposits. They’re part of a state-wide initiative to spread banking to the vast rural population that normally has no access to it. [More]
Calling Card Bills In 5-Minute Increments
By 4.19.10
Have you ever read the back of a calling card? This one takes the cake. I’ve seen, one and three, but this card billing calls in 5-minute increments. So if your call is five minutes and one second long, they’re going to deduct 10 minutes worth from the card. Yeeks. Better talk fast. [More]
