BB&T has announced
the launch of the BB&T MoneyAccount, which is a prepaid transaction account tied to a Visa-branded debit card.
"Nearly 60 million Americans do not have a bank account today or they are underbanked," noted Scott Qualls. "The BB&T MoneyAccount is a prepaid solution that provides our clients with a secure and easy way to access their funds. It also features a simple, transparent fee structure."
The BB&T MoneyAccount has FDIC insurance and offers many of the features typically associated with a traditional checking account.