What are prepaid debit cards? A prepaid debit card is a card that has a specific amount of money pre-loaded onto it. You can then use the card to make purchases as you would with a debit card attached ...

Debit cards pull funds directly from your bank account when making purchases or withdrawing cash. Setting up a PIN and monitoring account balances via mobile apps helps avoid overspending and fees.

Corrections & Clarifications: An earlier version of this story misstated where Jared Gibson lives. He resides in Highland Park, Ill. Jared Gibson is a basketball fan, but he didn't attend the NBA ...