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In general, prepaid debit cards have a maximum load limit of $10,000 due to the additional Federal reporting requirements that are necessary on deposits over $10,000. You might be able to load more than the $10,000 if you make special arrangements for the additional paperwork that would be required. I suggest that you contact one of the card issuers that allow $10,000 such as All Access and Account Now.

Thank you for your question.

-- Contributed by: SusanWeber

is ther any pre paid card out there with a much higher load limet whay ca.t i load 20 -30 or 50k on my card if i wish i need to put my money shomewhere . anyone know of such a card ????

-- Contributed by: gregory

It would be more difficult functionally for a creditor to attach a prepaid debit card than it is to attach a checking account, but it could be done. It is considered a financial asset.

Thank you for your question and for visiting LoveToKnow Credit Cards.

-- Contributed by: SusanWeber

Does this apply to other creditors. I have a levy on my checking account for an outstanding credit card debt. I was thinking of getting a pre-paid card to pay bills but was concerned about them attaching this card as well.

-- Contributed by: Maze

Sherriee,

Prepaid debit cards are considered financial assets by the IRS. The new IRS collection forms now include a space for prepaid debit cards to be included as part of the assets of the taxpayer.

You should check with your state's child support offices and your local IRS office for a detailed response, but in most cases you should assume that a prepaid debit card is considered part of your financial assets and could be levied for outstanding child support or IRS collection activities.

Thank you for your question and for visiting LoveToKnow Credit Cards.

-- Contributed by: SusanWeber

I have been thinking of getting a prepaid debit card, but I wondered if government agencies such as child support or IRS can withdraw funds from those accounts without your authorization<

-- Contributed by: sherriee
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