A new report by the Federal Reserve Bank of Boston finds that users of reloadable prepaid cards increasingly use their cards as a substitute for services provided by traditional banking accounts. Owners of reloadable prepaid cards who do not have checking accounts comprise 4.8 percent of U.S. adults. People without checking accounts were almost twice as likely to own a prepaid card as those who do have checking accounts. People with low household income were much more likely to own a prepaid card; 49 percent of people with household income below $25,000 own a prepaid card. About 33 percent of prepaid card holders without a checking account receive income to a card.