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If you're talking about a reloadable prepaid debit card, which I think you are, the issuing company is required to verify the identity of the cardholder per the US Patriot act and anti-money laundering laws. Therefore if you are trying to "transfer" the card to another person, the company would not have identity information on them and would not honor the change of cardholder. It would be like trying to change the owner of a checking account, the bank would just tell you to have the second person open their own account. By the way, I'm familiar with this topic because I work for a prepaid company, www.readydebit.com, and we have had similar questions asked of us.

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Q: Why can't Prepaid Debit Cards be transferred from one person to another?
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Do banks put money into a prepaid card?

Yes. Banks provide prepaid gift cards and prepaid credit cards to its customers. You can always put any amount of money you want into these cards. If you are asking about prepaid mobile cards, then many ATMs have this feature. You can add value into your prepaid mobile line using the ATM.


Can you reload prepaid credit cards with credit cards?

There is no such thing as a prepaid credit card. There are secured credit cards and prepaid DEBIT cards. yes because if you pre-pay it can be called 'credit' other than that both cards provides the exact same facility. for you question. yes its possible to topup your 'prepaid credit card' with another credit card or using a bank account. however it all depends on whether your bank/credit card company supports such facility. refer to the link provided to know more about 'prepaid credit cards' available and different services provided by them.


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Several Canadian banks offer prepaid credit cards. They include TD Canada, Scotiabank, and BMO Prepaid, among a few others.


What are the benefits of having prepaid credit cards as opposed to regular credit cards?

Prepaid credit cards are better than standard credit cards in that you're less likely to get in over your head financially. Standard credit cards are one of the primary ways people build debt but with a prepaid card you can only spend what you already have.

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Do banks put money into a prepaid card?

Yes. Banks provide prepaid gift cards and prepaid credit cards to its customers. You can always put any amount of money you want into these cards. If you are asking about prepaid mobile cards, then many ATMs have this feature. You can add value into your prepaid mobile line using the ATM.


Can you reload prepaid credit cards with credit cards?

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