Debit Cards

Debit cards are payment cards that debit or subtract money directly from your bank account, as if you were paying with cash, check or e-check. Debit cards are sometimes referred to as check cards. For your debit card to work, you must already have the money in your account to cover the transaction to purchase offline and online.

Debit cards differ from credit cards in that credit cards are payment cards that draw from a credit line, money made available by your card issued by your local bank. Certain debit card holders of Visa and Mastercard have certain features and benefits when using them for purchases locally and internationally. In many cases, you are given a grace period to pay for your purchases, and if you do not pay in full by the end of this period, you are charged interest. Please visit Visa Debit and Mastercard Debit for more information.

Benefits of a Debit card:

• Convenience - The Debit card frees cardholders from having to carry bulky checkbooks, multiple identification cards and large amounts of cash.
• Security - Debit cardholders Zero Liability in cases of card fraud, theft or unauthorized card purchases for signature based transactions, provided cardholders promptly notify their issuer of such fraud, theft, or unauthorized purchase.
• Acceptance - The Debit card can be used anywhere there are accepted Visa amd Mastercard symbols is displayed at more than 24 millions of merchants worldwide.
• Budget tracking - Debit card helps track everyday spending as monthly bank statements list how much was spent and where.
• Fast, easy payment process -  No checks to write, and no need to present an I.D. or other personal information at the sales counter.