You are not alone. According to the FDIC, 9M households in the US were unbanked in 2015. This accounts for 7 percent of households. There are services where tenants can set up a bank account (or prepaid card) for rent.
One recommendation is Green Dot bank's checking account option. Here are some additional details on getting set up with Green Dot Bank.
Where can I get a Green Dot bank card?
You can register for a Green Dot bank card by:
- Registering for a card here
- Visit one of their participating retailers
Here are the locations where you can reload your Green Dot bank card. The locations are typically Walmart, Safeway, 7-Eleven, Dollar General, CVS, etc.
How much is Green Dot going to charge me?*
Here is the best way to make Green Dot affordable for you:
- Purchase your card online to make it free to purchase
- Load $1,000 per month (or make 30 qualifying purchases) to waive the monthly fees
Register for Green Dot bank here
Hemlane has no affiliation with Green Dot bank, but many tenants use it successfully to pay their rent online in Hemlane without fees.
*Terms and costs associated with Green Dot bank are subject to change. Please contact Green Dot bank for updated charges and cost details.