kpix-7-2013-masthead kcbs 7-2013-masthead

Pre Paid Debit

A banking customer uses an ATM at a Wells Fargo Bank in Oakland (Justin Sullivan/Getty Images)

ConsumerWatch: Pre-Paid Debit Card Users Have Less Protection

Sam Gold used his pre-paid WePay debit card to withdraw $200 from his local Wells Fargo ATM. Gold expected to see a $3 processing fee on his receipt because he wasn’t a Wells Fargo customer. However, when he received his bank statement, a second transaction of $203 was tacked on.

01/24/2012

Follow

Get every new post delivered to your Inbox.

Join 53,918 other followers