In reply to mindsnapper.

Again you are not understanding. No one is forced to have overdraft protection as these are prepaid cards. If you opt-out and have insufficient funds, the transaction is declined. For those that do want the option of overdraft protection, the free charged (when charged) are less than the fees charged by banks.

You can "hate" on these cards all you want but for some this is a far better option than no card at all. If you think they are so awful for consumers and that there should be better options, come up with one and make it available. What should not happen is to have regulators "rule" these options out of existence because some "feel" they are not "fair" leaving these customers with worst options just so that people that don't use these tools (due to not needing them or not liking them) can feel better about themselves by "protecting" people from choices.