# Prepaid Card

*Banking & Payments — Finicade finance glossary*

A prepaid card is loaded with funds in advance and spends only what's on it, requiring no bank account or credit check. It's a core tool for the unbanked and for controlled spending. The fee structures are where the cost hides: activation, monthly maintenance, ATM withdrawal, balance inquiry and inactivity fees can consume a meaningful share of a small balance.

**Also known as:** stored value card, gift card, reloadable card

**Related terms:** [Debit Card](https://finicade.com/glossary/debit-card), [Unbanked & Underbanked](https://finicade.com/glossary/unbanked-and-underbanked), [Digital Wallet](https://finicade.com/glossary/digital-wallet), [Money Order](https://finicade.com/glossary/money-order), [Interchange Fee](https://finicade.com/glossary/interchange-fee)

Source: https://finicade.com/glossary/prepaid-card