subject: Who Should Open a Second Chance Checking Account? [print this page] Another option that has been gaining popularity is the use of prepaid debit cards as an alternative to a checking account. These day's with prepaid debit cards one can electronically deposit their paycheck, make purchases, withdraw cash from an ATM, pay bills online, and make electronic transfers. With similar features to a regular checking account, prepaid debit cards have become the preferred choice of many.