Legal Question in Credit and Debt Law in Georgia

It's certainly legal, and I suspect it is somewhere in your paperwork (probably as general language that gives them discretion as to the number and size of payments). This is very normal since prepaid cards are often these days used for illegal activity and banks wish to avoid the extra reporting necessary on large balance pre paid cards. If you have need to use a card differently than its terms, you simply need to get someone else's card.

Is a crime? If the answer is no, then its legal.

Instead of searching all over the internet. read the mice type in your agreement with this company. It may be buried somewhere in there. Even if its not, this is the company's card - they can create whatever restrictions they have on the use of this product. If you don't like it, then you are free to use pre-paid cards from other sources.

I don't know who this company is - but go to http://www.cardtrak.com/cards/categories/secured.html

for a search on other secured or store value cards.

Look for a card that has a low or NO application fee. If you have to pay $299 then its a scam.

Why can't you have a real credit card with these kinds of limits? If you have credit issues, look for a stored value card that will allow you to graduate to a regular credit card in 12-18 months.

Some other choices for stored value cards that work like ATM cards are either to open an online bank account at ING Direct or ally or other online bank or a place like Ready Debit - you have an account, put money in and use the ATM/debit card just like a credit card. You can even habve your pay direct deposited and pay bills that way. If you are a member of the military. try USAA. They have a bank that works the same way and they probably have branches somewhere in Georgia if you are near a military facility.

What Attorney Ashman says about the reporting is probably correct. With the requirements under the so called "PATRIOT" Act (which is anything but patriotic) and its equally hideous progeny, banks are under all kinds of reporting rules and while I don't do banking law, there may be something in one of these provisions which prohibits transfers over a certain amount.