Some prepaid cards charge overdraft fees, but there is no disclosure requirement.
NEW YORK — Prepaid cards have been touted as way to not overspend. Yet some prepaid cards are designed to let you do exactly that — spend more money than you actually have. A number of prepaid cards offer overdraft services, charging from $10 to $15 per overdraft. That has some consumer advocates worried that prepaid cards are morphing into credit services that may be costly to consumers.
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