This is not the case with debit cards, where deposits up to $250,000 are guaranteed. If you choose a prepaid card, any funds you load onto it aren't guaranteed by the government. Prepaid cards aren't guaranteed by the government.In-store transactions will be contactless payments, which are limited to $100 per transaction. You can't spend more than $100 per transaction in-store.You may only be able to hold a certain amount on the card. Prepaid virtual debit cards will have limits.Here are some points to consider before signing up: Keep in mind virtual debit cards may not suit everyone. What are the drawbacks to a virtual debit card? Virtual debit cards can be prepaid, giving you the freedom to load them up with the funds you want to spend rather than running up a debt with a credit card provider. Using a virtual debit card has a number of advantages, including the following: What are the benefits of a virtual debit card? Because there is no set card number, these can be more secure. You will be given a virtual card number to use for online shopping this number may also change for each website.
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