Friday, February 27, 2009

Discover Launches Current Prepaid Card for Teens

According to this article in Digital Transactions, Discover Fiancial Services has released a prepaid card called Current that is aimed towards teens. The difference between this prepaid card and others is that users are not held accountable for unauthorized use after the card is lost or stolen, so it has the benefits of a debit card. The Current also does not allow its users to go below the account balance, therefore eliminating overdraft fees.

The Current by Discover has a monthly fee of $5, but its account holders can save $10 by paying $50 once a year.

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