Originally Posted by
Domat
It appears they are indeed FDIC regulated..
From Tmobile site
The T-Mobile® Visa® Prepaid Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and can be used everywhere Visa debit cards are accepted. The Bancorp Bank; Member FDIC. Distributed and serviced by Blackhawk Network California, Inc."
https://t-mobilemoneyservices.com/
Good point. I should have differentiated between the reload cards like Vanilla Reload or PayPal MyCash and the prepaid cards like T-Mobile.