Prepaid card budgeting

An apparatus comprising:

• a communication interface configured to receive transaction information associated with a transaction, wherein the transaction involves a prepaid card account, wherein the prepaid card account comprises a budget category, and wherein the budget category comprises a spending limit;
• and
• a processor operatively connected to the communication interface and configured to:
• determine that the transaction applies to the budget category;
• determine that that spending limit will be exceeded as a result of the transaction;
• and
• decline the transaction based at least partially on the determining that the spending limit will be exceeded.

A computer program product comprising a non-transitory computer-readable medium, wherein the non-transitory computer-readable medium comprises one or more computer-executable program code portions that, when executed by a computer, cause the computer to:

• present a user interface to a holder of a prepaid card account, wherein the user interface enables the holder to select one or more budget categories for the prepaid card account and one or more spending limits for the one or more budget categories;
• receive, via the user interface, information indicating that the holder has selected a budget category for the prepaid card account and a spending limit for the budget category;
• store information associated with the selected budget category and spending limit in an account profile associated with the prepaid card account;
• receive transaction information associated with a transaction, wherein the transaction involves the prepaid card account, and wherein the computer receives the transaction information after storing the information;
• and
• determine that the transaction applies to the selected budget category;
• determine that the selected spending limit for the selected budget category will be exceeded as a result of the transaction;
• and
• decline the transaction based at least partially on determining that the selected spending limit will be exceeded.

A method comprising:

• receiving transaction information associated with a transaction, wherein the transaction involves a prepaid card account, wherein the prepaid card account comprises a budget category, and wherein the budget category comprises a spending limit;
• determining that the transaction applies to the budget category;
• determining that the spending limit will be exceeded as a result of the transaction;
• and
• declining the transaction based at least partially on the determining that the spending limit will be exceeded.