What is a debit card?
Posted: Tue Dec 24, 2024 10:05 am
Have you ever wondered what a debit card is? If so, the answer to this question may surprise you. In fact, a debit card is any payment card that is issued to a bank account. Surprised? A debit card is a payment card that a bank issues to you for use with a savings and checking account. You get such plastic, for example, when you open an account at ING, which I described on the website in the article Opening an account at ING Bank .
You have a Visa or Master Card
mBank debit cardMost banks in Poland offer cards from two leading manufacturers, namely Visa and Master Card. A debit card is a very good invention. With it, you have a universal means of payment in your hands. With the card, you can withdraw cash from ATMs in Poland, Europe and all over the world, check your account balance, deposit money into estonia whatsapp database account in ATMs, pay for purchases and services at points that accept payment cards and many, many more! If your card has this function, you can also pay for online purchases with it!
Card fees can usually be avoided
Debit cards are unfortunately still not a pillar or standard of banking services in Poland. Although they are offered to every customer, the bank often charges a monthly fee for using them, ranging from a few to a dozen or so zlotys. They often waive it if several non-cash transactions are made for a specific amount in a given settlement period, or when funds from salary are transferred to the savings and settlement account. Banks also encourage customers to use debit cards with various promotions, such as cashback for purchases or discounts for retail and service networks. Each bank has different accounts, cards, agreements and rules.
Debit is not credit
Your debit card, contrary to its name, does not allow you to open an overdraft on your account. You can only use the funds available in your bank account for non-cash transactions (unless you have linked another debit or credit banking product to it). Sometimes, due to differences in accounting and slow My card from INGtransfer of information between payment networks and banks, you can accidentally enter an overdraft. This happens particularly often to contactless card users, whose transactions are recorded in the system with a significant delay. However, an overdraft opened in this way is illegal and may be subject to interest by your bank. If you need it on a daily basis, go to your bank's branch and apply for a revolving credit limit for your current account and card.
I hope I have cleared up any doubts about what a debit card actually is. It is neither a credit card nor a typical payment card (as this one only allows you to make purchases). Why is it called a debit card and not a universal card? I don't know, but it is certainly very useful in everyday life.
You have a Visa or Master Card
mBank debit cardMost banks in Poland offer cards from two leading manufacturers, namely Visa and Master Card. A debit card is a very good invention. With it, you have a universal means of payment in your hands. With the card, you can withdraw cash from ATMs in Poland, Europe and all over the world, check your account balance, deposit money into estonia whatsapp database account in ATMs, pay for purchases and services at points that accept payment cards and many, many more! If your card has this function, you can also pay for online purchases with it!
Card fees can usually be avoided
Debit cards are unfortunately still not a pillar or standard of banking services in Poland. Although they are offered to every customer, the bank often charges a monthly fee for using them, ranging from a few to a dozen or so zlotys. They often waive it if several non-cash transactions are made for a specific amount in a given settlement period, or when funds from salary are transferred to the savings and settlement account. Banks also encourage customers to use debit cards with various promotions, such as cashback for purchases or discounts for retail and service networks. Each bank has different accounts, cards, agreements and rules.
Debit is not credit
Your debit card, contrary to its name, does not allow you to open an overdraft on your account. You can only use the funds available in your bank account for non-cash transactions (unless you have linked another debit or credit banking product to it). Sometimes, due to differences in accounting and slow My card from INGtransfer of information between payment networks and banks, you can accidentally enter an overdraft. This happens particularly often to contactless card users, whose transactions are recorded in the system with a significant delay. However, an overdraft opened in this way is illegal and may be subject to interest by your bank. If you need it on a daily basis, go to your bank's branch and apply for a revolving credit limit for your current account and card.
I hope I have cleared up any doubts about what a debit card actually is. It is neither a credit card nor a typical payment card (as this one only allows you to make purchases). Why is it called a debit card and not a universal card? I don't know, but it is certainly very useful in everyday life.