A few months ago, my husband and I were driving to the beach and we were told that we would have to pay for parking at the nearby Wal-Mart.
We decided to buy a prepaid card, since we couldn’t afford a car.
The store manager told us that it was free, but we could pay cash.
“What are you paying for?”
“Just the parking.”
My husband was confused.
“Why would you pay cash for parking?” he said.
He knew that I had an emergency fund that was set to expire in two weeks.
The next day, we went to the ATM to get a credit card.
I paid $20 and then received a text message saying that the card was not accepted because it was too old.
“Sorry, but this card is too old,” it said.
It was a little scary.
When I tried to withdraw the funds, it said I was not authorized to do so.
I went back to the Wal-Marts and waited for a few minutes.
When they opened my account, they gave me a card that said “Free Account” on it.
I was shocked, but I thought it was okay because my card was a prepaid.
It took another week before I could withdraw the money.
But after I did, I realized that I could no longer trust my card.
My husband is a lawyer, and I have a lot of legal matters to work on.
If you’re in the same situation, you might want to consider a prepaid account.
Here’s what you need to know about prepaid cards.