Bank AccountReplenishing your prepaid wireless account with your bank account is another option that is just starting to catch on. The interesting thing about using your bank account directly is that unlike debit cards, money is not validated in real time. What does this mean? Well, essentially, you could enter in your checking account information online with your wireless carrier, and request to add, let's say $25. Although they have verified that your account exists, and that you are the rightful owner, they don't know that you actually have $25 in your account. This can present problems. For example:
To combat this problem, carriers will often:
Quite honestly, I never really understood why someone would want to use their checking account and pay such fees when they can use a debit card. I expect that in the past not everyone with a checking account had a debit card, however, this has changed dramatically over the past years. Admittedly, I don't know a lot about the percentage of people with checking accounts that don't have a debit card. This is research that I still need to do. Overall, it's fair to say that replenishing your prepaid wireless account with you bank account could be a good option for. Just keep your eye out for how fast the money will be added to your account, extra transaction/processing fees, and be sure to keep on top of your bank account balance to avoid NSF fees. Depending on your bank, you may also be able to process a payment from your bank account to your wireless account as needed or setup recurring monthly payments. This could be convenient to make sure that you never run out of money on your phone. Just remember to check out all of the fees that may or may not affect you.
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