Questions tagged [debit-card]

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.

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74
votes
6answers
17k 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 ...
43
votes
13answers
11k views

Would I ever need credit card if my debit card is issued by MasterCard/Visa?

My debit card is issued by Visa, but MasterCard AFAIK doesn't differ in that case. I can use it to pay in shops, online, to reserve place in hotel etc. I manage to constantly have enough money on ...
28
votes
1answer
10k views

What are the limitations of use of “Electronic use only ” debit card

I have a visa electron debit card and there is "electronic use only" marked on it, so I don't know where or when I can't use my debit card ?
25
votes
5answers
19k views

What does it mean to run my debit card as credit?

I've been advised to (and have been) running my normal debit card transactions as "credit" transactions. What does this mean in terms of my security, the time a charge takes to settle, and the fees ...
24
votes
5answers
5k views

Using credit/debit card details vs swiping a card in a payment (credit card) terminal

I was given by a seller an option to come to their office and swipe my credit/debit card there in their payment terminal. Because it's a long way to get to their office, I asked the seller if he ...
22
votes
3answers
3k views

Why is EMV chip+signature gaining popularity over chip+PIN in the United States?

With the U.S. finally making the transition to EMV technology, I am surprised that the major banks are going with Chip+Signature technology over Chip+PIN. I think it is far more convenient for the ...
21
votes
11answers
6k 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 ...
20
votes
7answers
11k views

Charges from Dollar General have never shown up on my debit card. How can I resolve this?

During the summer of 2016 I lived by a Dollar General and went there about once a week. I only had a debit card then and paid for everything this way. DG was notable in that I never had to enter my ...
20
votes
9answers
6k views

What are credit cards, debit cards, and other types of cards?

This question right here and the plethora of comments in it reminded me of something that I've found annoying for a long, long time. Seems that depending on where you come from the terms "credit card" ...
20
votes
7answers
5k views

How can I prevent future card fraud?

I got a text from my bank yesterday informing me that my wife's debit card had been used for a fraudulent charge - we've confirmed that this text message was valid, and informed the credit union about ...
20
votes
5answers
34k 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 ...
19
votes
11answers
13k views

Urgently need pre-paid debit card to pay debt collector

I owe a sum of a few thousand dollars to a debt collector. I've already gone through the steps of getting a confirmation of the debt and it is a debt I know I'm accountable for. I need to pay this ...
18
votes
2answers
4k views

How can a debit/credit card PIN be updated remotely?

Certain banks (like Capital One or NAB) offer to change a debit/credit card PIN remotely, from an app or the bank's website. However, it seems to me that the PIN is also stored on the chip of the ...
16
votes
3answers
37k views

Is there a way to know the number of a lost debit card?

I am stuck in the situation where I want to know the card number of my lost debit card (lost in 2013). I have an account in the Bank of India. I checked all my entries in bank pass-books but there is ...
16
votes
2answers
65k views

Why do credit card transactions take up to 3 days to appear, yet debit transactions are instant?

I noticed that when I use my credit card it takes up to 3 business days (even 5 days including weekends if I use it on a Thursday, I have to wait until Monday or Tuesday) for the transaction to appear ...
16
votes
6answers
7k 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 ...
16
votes
4answers
11k 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 ...
13
votes
5answers
194k 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 ...
13
votes
5answers
5k 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 ...
10
votes
6answers
4k views

Is a debit card dangerous for an account with low balance and no overdraft protection?

I have a checking account that I keep very little money in. I use a debit card as a credit card at shops, and at the ATM. I have turned off overdraft protection on the checking account. I've heard ...
9
votes
6answers
2k views

Emptying Low Balance Gift Cards

I often get gift cards (sort of like a debit card) and I usually end up using them to make online purchases. However, I often end up with a couple dollars change. Is there a way to deposit the ...
9
votes
4answers
529 views

How to make it harder to access my money

I want to start being more sensible with my money, this is especially hard around payday when I receive a month's-worth of pay at once. It's all too easy to go for a couple beers after work only to ...
9
votes
2answers
2k views

Any way to get a debit card as a minor without parent consent?

Yes, this question has been asked before, but never really answered. Most questions involve a credit card, which in this case I'm asking about a debit card. Hi, I'm a 16 year old student facing some ...
9
votes
2answers
1k views

How can a school club collect money using credit cards?

tl;dr- How can we legally accept credit cards (to our club bank account) without being able to become a legal entity? I'm an officer an officially-recognized student-run club at my university. I'd ...
9
votes
2answers
409 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 ...
9
votes
1answer
497 views

Card pre-authorization time limit

I've booked a hotel for a stay 8 months from now on a no-prepayment basis. As per usual, they pre-authorized my card; which makes me ask out of curiosity: Is there a time-limit to how much a vendor/...
8
votes
5answers
10k 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 ...
8
votes
2answers
3k views

Can shops use card payments to track/profile customers?

Can shops use payment information when you pay with a debit or credit card to track a customer's buying habits? In other words can a shopkeeper link different purchases at different times in his ...
8
votes
4answers
2k views

Do I need a debit card if I already have a credit card?

As far as I've read, a credit card is generally better than a debit card. (Please correct me if I'm wrong.) My question is should I also have a debit card? The downside is the added risk of the debit ...
8
votes
1answer
7k views

Should I use my credit or debit card when purchasing groceries?

When I go grocery shopping, I almost always purchase enough to warrant using a card rather than cash. I used to use my debit card for these transactions, but twice in the past (each incident about ...
8
votes
4answers
658 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?
8
votes
3answers
554 views

What stops someone from repeatedly charging a debit card?

In order to provide some context to my question: I recently rented a car from a company. They required a deposit before handing me the car, as insurance. So I used my debit card, I entered in the ...
7
votes
7answers
67k views

Why does my (bank) card constantly fail to work in stores/machines?

Today I filled up at the petrol station, went to pay and my debit card would not work in the payment device, this is the third time this year it has happened. I've had several cards, and tried ...
7
votes
3answers
368 views

When do institutions exchange physical currency from electronic payments?

This question always been on my mind and I never truly understood the concept. I’ve done some digging and haven’t found the answer that is comprehensive. I want to understand at what point does a ...
7
votes
2answers
343 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, ...
7
votes
5answers
3k views

Debit card for minor (< 8 y.o.) [closed]

I have a child who has expressed interest in using a debit card. He knows about money, can count coins and banknotes, and really wants to have a debit card. I want to use this as a learning experience ...
7
votes
3answers
40k 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 ...
6
votes
7answers
458 views

Debit cards as bad as credit cards?

I have been saving for some time now with the aim of building up enough money to begin investment. But the problem is I keep withdrawing money with my debit card whenever i want to buy something. ...
6
votes
3answers
4k views

Are there banks or credit card companies that track the items in every purchase?

It's nice to look online and see which transactions I made and when, but I think it would be nicer to see which items were bought as well. So I'm looking for that. I want to start making all my ...
6
votes
2answers
890 views

How do scammers / money launderers profit from loans to victims?

Recently, I had an investor [scammer] offer to loan my company money. It was to be posted directly into my accounts — equal amounts in my checking and savings accounts. There were no conditions that ...
6
votes
5answers
2k views

How do I protect my credit/debit cards from being stolen or scanned?

Until a few years ago my credit card number had only been stolen once, about 15 years ago. But in the last two years it has been stolen four times. The first recent time was a few years ago in Hawaii, ...
6
votes
3answers
10k views

Choosing debit card: MasterCard Debit or Visa Electron?

What to take into account when choosing debit card for my personal account, between MasterCard Debit and Visa Electron? Should I take into account for example possible international travel (EU vs US)?...
6
votes
3answers
14k 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 pre-...
6
votes
2answers
45k 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. ...
6
votes
1answer
508 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
7answers
5k views

Digital envelope system: a modern take [closed]

Is anyone successfully using a digital form of the "envelope system"? I have some of the pieces, but have not figure out a complete process to automate. I am thinking of using a pre-paid debit cards (...
5
votes
7answers
4k views

Are cashiers required to check a credit card for a signature in the U.S.?

So on the back of many US credit and debit cards, there is a signature area that says something like "not valid unless signed." I notice many retailers and anyone who takes cards rarely ever checks ...
5
votes
3answers
7k 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 ...
5
votes
6answers
9k views

Why do car rental companies prefer/require credit over debit cards?

Renting a car frequently requires a credit card. At best, renting a car is more of a hassle with a debit card. Sure, I'm using their stuff, but putting a £1000 hold on my Visa Debit should work just ...
5
votes
4answers
20k 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 ...

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