Prepaid wallets are a type of wallet that allow you to load funds in advance by transferring funds from your bank account to your wallet and then you can spend funds from the prepaid balance until it’s depleted. Funds can be loaded to the wallet from various methods, such as direct bank transfers, credit cards, and debit cards and once the prepaid balance is depleted you can reload the wallet using the same methods. If you worry about overspending prepaid wallets are a great way to keep your finances in check.