This CPA Musing relates to a new prepaid card Walmart is going to offer that has many bank account features. See this article in USA Today by Hadley Malcolm for more information:
http://www.usatoday.com/story/money/personalfinance/2012/10/08/walmart-prepaid-card/1620539/
Hopefully this is the road other prepaid cards go, but we will have to see! Since Walmart wasn’t allowed to become a bank, this is the result and could be better long term than the Bank of Walmart.
Remember, for financial, accounting and tax musings,
You can count on us to count for you!
email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com 