Prepaid card market heats up — and the fees are plentiful

Source: Eileen Ambrose, The Baltimore Sun

Prepaid debit cards are everywhere these days — and so are their fees. The cards allow you to load cash onto them and are accepted by businesses just like other types of plastic. But you might have to pay a fee to activate the card, make ATM withdrawals, check your balance, talk to customer service or reload money onto the card. Monthly fees can be as high as $14.95, and you could be dinged up to $5.95 if you haven't used the card in a while.

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