 |
Debit cards
|
|
|
|
| |
|
|
Online Check
Writing
Non ChexSystems Bank
No Overdraft fees
Free Direct Deposit
No Credit Check
Instant Account Number
 |
| |
|
|
Debit card - credit card
About debit cards
Before
you use a debit card
Tips for using of debit cards
What
if my debit card is lost or stolen? |
 |
| |
|
| Why
use debit cards? |
There are many reasons why people acquire a
prepaid or reloadable debit cards. Many businesses prefer to pay
their employees electronically. Direct deposit lowers payroll
distribution costs. Employees are free from having to leave work to
cash their paychecks and pay fees to cashing establishments. Many
people can't open a checking account because of issues that
have been reported to ChexSystems or Telecheck. The new breed of
debit cards are issued with out a credit-check. Debit cars are
accepted just like a credit-card even though there is not a credit
line attached. This limits overspending and is a cure for spending
money you don't have.
Some folks like to get a prepaid debit card
for a student or teen. This allows safe and effortless funds
transfers. Funds can be transferred from one debit card account to
another. Another advantage of using a debit card is to track
expenses. Some debit cards have rewards options or incentive offers.
I have had clients that have family members
that reside in other countries. Funds can be deposited in your
account provided by the debit card company. The family member abroad
can access the funds deposited using the Visa, MasterCard or ATM
card that is issued. This is common place for family members in
Mexico, Central and South America and Canada. Envio (transfer
companies that operate in Central America) companies here in Los
Angeles charge as much as $15.00 per hundred dollars to send a sum
to other countries.
I wouldn't recommend off shore pre paid debit
card issuers because there is little recourse if they close or move
as far as getting a refund. There may be astronomical costs for a
simple phone call to customer service, if you can reach them at all.
Be safe, bank and trust your hard-earned-money with an American
bank!
|
| |
|
| What
is the difference between a debit card and a credit card? |
|
Debit cards look like credit cards or ATM
(automated teller machine) cards, but work like a personal check. Your
funds are on deposit then drawn against.
What you should know about debit cards:
-
Debit cards may be more readily accepted by
merchants, especially in other states or countries wherever your
card brand is accepted.
-
Returning goods or canceling services
purchased with a debit card is treated as if the purchase were made
with cash or a check.
|
|
Tips for using debit cards
-
Protect your PIN number, memorize it. Don't
write the number on your card or keep your PIN number with your
card. Don't choose a PIN number that a smart thief could figure out,
such as your phone number or birthday.
-
Keep in mind how much money you have available
in your account. Don't forget that your debit card may allow you to
access money that you have set aside.
Get a Debit Card |
|
|
