Prepaid Debit Card

How to Identity Theft and Frauds?

A debit card looks like a credit card but works like an electronic check. Why? Because the payment is deducted directly from a checking or savings account. If you use a debit card at a retail store, you or the cashier can run your card through a scanner that enables your financial institution to verify electronically that the funds are available and approve the transaction. Most debit cards also can be used to withdraw cash at ATMs (automated teller machines).

Who can apply for a debit card?

Anyone can apply regardless of his or her nationality, country of residence, credit history or status.

How much does it cost to get a debit card?

The debit card provides tremendous convenience in payments and helps the customers reduce the amount of cash they need to carry. Besides that customer always stays in control of his finances as he can spend only what he has in his account. It also gives an unparalleled access to his account, whenever he wants, wherever he goes.

What is an RELOADABLE DEBIT CARD (RDC)?

You can see your card’s balance, along with any transactions applied to your card, on the secure debit card Web site.

Is debit card better than using check?

One wonders what drives financial advisors to compare two completely different products that have a single thing in common: the material or substance of which they are made. Other than that, I did not see a good reason for comparing a debit card to a credit card.

What What These Products Share?

Both debit and credit cards are payment instruments. They are used for replacing cash on commercial and financial transactions. They are used for purchasing goods and paying for services and with the exemption of certain places distant from towns or cities, both products are accepted everywhere.

What is Accessibility and Qualification of debit cards?

Usually, but it depends on the issuer of the bill. If you can pay your bill electronically from a bank account or pay it with a debit or credit card then you can usually use your debit card to pay the bill, as long as there is enough money stored on the card.

Why should I trust debit card?

Customers are advised to immediately sign on the panel on the back of the Card. However, to prevent any possible misuse, even before delivery of Card to customer, it has been made mandatory that Customer should first use the Card at ATM, which requires PIN to be entered.. Debit Card will be activated for use at POS only after it is used at ATM.