There are many alternatives to prepaid debit cards. Some of these include:
Standard debit card
A standard debit card linked to your bank account may be a cheaper option than a prepaid card, as there will be no recharge or account-keeping fees involved. Debit cards are easy to apply for, are usually fee-free and can be issued to children as young as nine years old. They also allow you to access the funds in your bank account without the bother of having to recharge your card.
A credit card can be used to spend in much the same way as a debit card, although they’re generally used for larger purchases where the funds aren’t available in your account. However, they are a more expensive proposition, as there may be account fees on a credit card and they often come with a very high rate of interest if the full balance is not paid off at the end of the month.
Carrying cash poses the inherent risk of it being lost or stolen and, unlike a debit card, there’s no locking cash to stop thieves from spending it. In addition, there’s no theft or extended warranty protection available if you carry cash, which there can be with a debit card.