This tag is to be used for any question related to debit cards. If the question is specific on legality, it should be accompanied by a country tag. In case the debit card is being issued in one country and used in another, the question should indicate this clearly and/or use multiple country tags.

learn more… | top users | synonyms

2
votes
4answers
145 views

Why do the banks charge a foreign transaction fee?

Could somebody please explain why some banks charge a fee for card transactions made in a foreign currency? For example, for a debit card transaction, as far as I know, the exchange from the foreign ...
7
votes
2answers
417 views

Why the different fees for credit and debit card payments?

Could somebody explain why the merchants are charged different fees when the customers use credit and debit cards?
2
votes
1answer
35 views

Is it possible to get a debit card for a non-US-citizen nephew without foreign transaction fees?

Here is my predicament: I am a US citizen, and I have a nephew in Russia, who is not a US citizen, and whom I would like to support financially. I have easily been able to make him an associated user ...
4
votes
1answer
1k views

Will moving significant amount of cash by using debit card cause problems in the USA?

Let's say I'm withdrawing money from my debit card(issued by bank from my country) and depositing them in the US bank account. Will it cause some kind of problems? The total amount is a bit below ...
4
votes
1answer
271 views

Do US ATMs need magnetic stripes?

German banks (credit unions) are starting to issue ATM cards that have only a chip, no magnetic stripes (German language news article). Can such a card currently (May 2014) be used in US ATM machines ...
5
votes
1answer
81 views

What are the limitations of prepaid payment cards (compared to credit cards)?

I am currently unable to get a credit card¹, but I wish to be able to buy goods from web stores, to buy airline tickets, to rent cars, hotel rooms, etc. Through my bank I only have a Member Card, ...
2
votes
1answer
127 views

How can I refute an excessive surcharge for debit card payment?

I recently paid a company to carry out some work on our house. I made a payment over the phone and spoke to a nice lady who took my debit card details. However when I checked my bank account I ...
6
votes
5answers
1k views

Should I collect receipts after paying with a card?

I heard from some folks that it's wise to collect a receipt after you pay with a card. The reason they propose is that the merchant can theoretically charge your card again after you leave, and a ...
3
votes
1answer
130 views

MasterCard/Visa: For my second card should I stay with the same network?

I have a card in a country, and want to create another card in another country for convenience reasons. Let's say the terms of both networks are very similar for me, so I have no special reason to ...
0
votes
0answers
298 views

which banks (and where) in Europe allow non-residents to open accounts with a single visit (or even none at all)?

Which banks and where in Europe allow to non-EU resident (eg from Russia) to open a bank account, requiring only a single visit in person (or, ideally, completely remotely, with no visit at all--doing ...
3
votes
3answers
785 views

Who performs the blocking on a Visa card?

I recently tried to pay for a train ticket online with my Visa debit card. However the payment got refused, but the price of the ticket is being blocked on my card. I contacted the train company to ...
2
votes
3answers
339 views

Debit card funds on preauthorization hold to paypal: can it be used for another transaction?

I have a sum of money on a prepaid Mastercard debit card which I attempted to use the majority of to make a purchase from a vendor who uses Paypal for their payments. Unfortunately, the vendor ran ...
1
vote
1answer
45 views

Spending arrangements for a dependent student studying abroad

I live in the U.S., and my daughter will be starting college in England in the fall. She is financially dependent on us, has no credit history, and will not have a job while she's in college. We'll be ...
5
votes
2answers
150 views

Any reasons why I'd better not black out security code from my debit card?

I'm considering to black out CVC2 (card security code) from all the bank cards I have. The reasons are: in the country I live, debit cards are often taken away at restaurants, so they easily remain ...
2
votes
1answer
102 views

Misspelled cardholders name: any official policy of MasterCard?

My bank issued a MasterCard debit card with a misspelled cardholder name. They promise that credit card regulations allow up to 3(?) letters to be misspelled in the name, but can't show an official ...
3
votes
1answer
79 views

Is it true Visa & Mastercard can choose a more beneficial date (for them) for the exchange rate on a foreign transaction?

Whenever I pay abroad (or online) with my debit card, the amount charged is in a currency other than my card's own. I am aware Visa/Mastercard charge for a foreign currency conversion. I heard a ...
3
votes
3answers
593 views

Can merchants tell the difference between a credit card and embossed debit card?

I don't have a credit card, still some merchants (e.g. car rental companies) require a credit card to use their services. If I have an embossed debit card issued, may I be confident to use it when ...
7
votes
1answer
150 views

What can a customer do to reduce damage from a data breach?

A larger retailer admitted recently that hackers were able to steal credit and debit card data for about 40 million customers. Reports say that names, payment card numbers, expiration dates and ...
1
vote
4answers
195 views

Why hasn't public key encryption or one time password been introduced to battle online card fraud?

With all the identity theft and card fraud in the world. Even though some One time password measures have been put in place in the banking system where the cardholder verifies the transaction with a ...
2
votes
2answers
84 views

Difference among prepaid card, prepaid debit card and debit card

I'm confused with prepaid card, prepaid debit card and debit card, can anyone tell me the difference among these three cards?
2
votes
4answers
349 views

Automatically splitting payments between people

My girlfriend and I have decided that we want to split expenses 50/50 (or whatever ratio). Currently, we alternate payment, but that means that we have to remember who paid last time, how much, etc. ...
3
votes
2answers
1k views

Why I can't view my debit card pre-authorized amounts?

I have a Mastercard debit card. When I pay an amount of money, I can see (with more or less delay) how much I've paid, when, in favor of who, etc. Now the question is: why I can't see the ...
1
vote
1answer
1k views

What does the term alias mean in the context of payment cards?

What does the term alias mean in the context of payment cards? I understand it's somehow linked to a card number but what is its purpose?
-4
votes
1answer
74 views

Are there debit cards tied to commodities?

I'm wondering if there are debit cards tied to commodities? For example is there a debit card where I can deposit in Gold, Silver, or cash that is immediately converted to the asset and then use the ...
2
votes
3answers
5k views

U.S. credit/debit card for non-U.S. citizens to use on e-commerce sites to buy digital goods, e.g. ebooks?

I am neither a U.S. citizen nor resident there — I live in southeast Asia. I want to be able to buy Kindle ebooks on Amazon.com, and to shop on other U.S.-based e-commerce websites for digital ...
-3
votes
2answers
594 views

How can I create a debit card online outside of the US?

How can I create a debit card online outside of the US? There are no convenient ways to create a debit card in my area. I want to buy some stuff online and I'm afraid for my credit card security. I ...
2
votes
1answer
205 views

Is it legal for a hostel to write down my debit card information for security purposes?

I just moved to Manchester and I'm staying at a hostel. I booked a bed online via hostelworld.com. What bothers me is that a receptionist asked me to give her my debit card in order to ensure some ...
3
votes
1answer
1k views

Prepaid credit/debit card for a foreigner visiting the US

I live in the US. A friend from Australia will be visiting the US and she does not have a credit card. She would like to have a prepaid credit/debit card in the US, for obvious reasons. You cannot ...
5
votes
3answers
5k views

How to use debit card with money on savings account?

I see that a lot of banks offer savings account and current account with online banking. Usually the savings account can have instant access and some interest rate, while the current account has no ...
2
votes
2answers
1k views

What is the average value of a credit card or debit card transaction?

There are a plethora of statistics regarding credit card usage but what I can't seem to find is the the value of the average credit card (or debit card) transaction. Are such statistics provided by ...
-1
votes
1answer
218 views

Is it possible to withdraw Liberty Reserve USD using debit cards? [closed]

Is it possible to withdraw Liberty Reserve USD using debit cards? I found this site which offers such thing as Liberty Reserve debit cards. But I'm not sure how reliable it is. The debit card they ...
11
votes
6answers
444 views

What's the difference when asked for “debit or credit” by a store when using credit and debit cards?

When purchasing something in a store with a credit card or a debit card, the cashier may ask "credit or debit"? I was wondering what the point is using a credit card in a "debit" way? How is it ...
5
votes
2answers
12k views

Why is there a delay on credit card transactions showing up on my online statement?

If I make a purchase with my credit card there is a delay of a few days before it shows up on my online statement. If I make a purchase with my debit card it usually is displayed that day. Why the ...
2
votes
2answers
1k views

How much interest will I pay on my credit card?

I'm about to move to the US and I'm wondering: say I always keep an active balance and never overdraw/accumulate debt, will I still pay interest on my monthly expenses paid via credit card? For ...
6
votes
2answers
2k views

If a deposit of $1200 is being processed but hasn't yet been cleared, then can I immediately use that money to pay with my debit card?

For the record, I use Bank of America. I have a $1200 deposit (from the account of my parents) that's being processed, but that's still waiting to be cleared. The available balance adds it in though. ...
3
votes
3answers
583 views

How long should I keep an uncleared transaction in my checkbook?

About three months ago I went out to eat and paid for the meal with a combination of a gift card and my debit card, afterwards the portion that was paid via debit card was recorded properly and since ...
2
votes
2answers
2k views

When is a good time for me to change the billing address of my debit card?

So I'll most likely move from Washington to Rhode Island over the summer, and I'd like to change the billing address of my Bank of America debit card sooner rather than later since I have to pay sales ...
2
votes
2answers
92 views

What is a good credit or debit card that offers a reward with each transaction in the US?

I am looking for a rewards card (credit or debit) where you can earn some number of cents (I've seen 10 or 20) per purchase that you charge to the card regardless of the amount. Something similar to ...
3
votes
0answers
334 views

Why should I cut up debit cards that are no longer usable? [duplicate]

Possible Duplicate: What to do with expired cards (credit, debit, insurance cards, …) I just cancelled my Chase Debit Card account, and the person advised me to cut up my old debit ...
2
votes
2answers
113 views

Where to get prepaid stored value cards capable of having higher limits (e.g. $10,000)?

When I was drafting consumer protection guidelines for stored value cards, I heard there were cards that stored balances as high as $10,000. Yet, when I go to convenience stores, I only see stored ...
0
votes
2answers
347 views

How do debit card interchange fees work cross-border?

In some countries (for example US, UK), only credit cards have a hefty percentage (usually around 2%) interchange fee, while debit cards have only a small fixed fee for each transaction. But in other ...
10
votes
4answers
3k views

What to do with expired cards (credit, debit, insurance cards, …)

I wonder if it is safe to throw away expired cards (credit cards, debit cards, health insurance cards) with name and card/account/ID number as trash. Even if other people have them, will they be able ...
2
votes
3answers
127 views

Advantage of credit union or local community bank over larger nationwide banks such as BOA, Chase, etc.?

With the recent news that many banks are going to start charging from debit card use, I was thinking of switching to a credit union or local community bank because I heard they would most likely not ...
16
votes
10answers
2k views

Is it bad etiquette to use a credit or debit card to pay for single figure amounts at the POS

This question might be subjective, but I would like to listen to opinions, if possible. Ever since I got mugged on campus, I only carry enough cash to pay for bus travel. All other payments are made ...
10
votes
3answers
3k views

When paying with card abroad is it best to pay in local or home currency?

Often when paying for something abroad using a credit or debit card I'm given the choice to pay in my home currency (GBP) or in the local currency (e.g. I'm on holiday in Thailand so THB). Which ...
1
vote
2answers
757 views

How easy is it to change my debit card signature?

Would I have to change it through the government first? And through every other service that requires my signature? Would it cost significant amounts of money?
9
votes
5answers
1k views

Is there a fee if you used your debit card as credit card?

Is there a fee if you used your debit card as credit card? I see people recommending to always run debit card transactions as credit. There is a similar question here as well: What does it mean to ...
3
votes
3answers
650 views

Are there any banks that still offer a PIN-only debit card?

I recently had my debit card skimmed and about $300 in fradulent transactions emptied from my checking account. Eventually I will get the money back (10 days? 30 days? we'll see), but I couldn't help ...
37
votes
5answers
4k views

Pay online: credit card or debit card?

I have a credit card and a debit card. I could use both to pay online. Credit card is only a bit less convenient since I have to transfer the money back in the credit card account later. Is it safer ...
3
votes
2answers
430 views

Do any banks in China offer Visa/Mastercard cards which are not credit cards?

I want to have a Chinese bank account and a card that I can use for online shopping (both on Chinese sites and abroad) and I can also use outside China for ATM withdrawal and POS shopping. Most ...