ObamaCare Mandates a Debit or Credit Card

To those that have no type of bank card, in order to receive Obamacare benefits you MUST have a debit or credit card.

Read the details here:

http://www.businessweek.com/articles/2013-08-29/pre-paid-debit-cards-accepted-anywhere-obamacare-is-available

PayPal Making Moves Towards Becoming a Bank

PayPal has been acquiring companies with what looks like an eye to becoming a full service financial company. They just bought Braintree Systems which is a card transaction processor.

This is the same thing Greendot did before they bought a small bank.

PayPal just needs a small bank to complete the change.

Webster Bank Prepaid Visa

The first area Bank in Rhode Island and southeast Massachusetts to come out with a prepaid Banking card.

Not the cheapest though. $3 a month, $3 to reload at Webster Bank. Free Webster ATM use - $500 daily withdrawal limit. Only 1 free account alert to your phone 25 cents per after that. $2,000 daily spending limit. $3,000 limit maximum on deposit.

The funds availability is more than a little shaky with them saying funds from cash deposits will be available the 'same day'. Card reloads are always available within minutes of a cash deposit in my experience.

https://www.websteronline.com/resources/pdf/personal/FIS_Terms_Conditions.pdf

https://www.websteronline.com/resources/pdf/personal/FIS_FAQ.pdf