Prepaid Cards
Reloadable, easy to manage cards
Our prepaid debit card programs provide quick funds access for consumers and simplify payment distribution for businesses, offering a more efficient and customizable alternative to checks or cash.
Instant access to funds
Major benefits
- Immediate funds availability
- Accepted domestically and internationally
- Greater protection from unauthorized use
The power of prepaid cards
Reach new audiences
Prepaid cards help provide financial access to underserved populations.
Technology integrations
Manage card funds through a mobile app or online banking platform.
Build trust and authenticity
Backed by trusted payment brands like Mastercard and Visa.
Frequently Asked Questions
What is a prepaid card, and how does it differ from credit and debit cards?
A prepaid card is a payment card that is loaded with a specific amount of money in advance. Users can only spend up to the value that has been preloaded onto the card. Once the balance is depleted, the card can typically be reloaded, depending on the product type.
How are prepaid cards issued?
Prepaid cards can be issued through Coastal and your preferred payment network. We can help manage all regulatory compliance and card issuance. Payment networks provide the infrastructure for acceptance and transaction processing.
Can prepaid cards be used internationally?
Yes, open-loop prepaid cards can be used internationally, provided they are issued on a major payment network. However, fees, exchange rates, and certain geographic restrictions may apply.
How do we manage regulatory risk?
As your partner, Coastal already holds the necessary licenses and has developed compliance programs including risk assessments and continuous monitoring of regulatory changes.