 |
|
 |
Debit cards
Debit card.
A debit card is very similar to a cash card, but it allows you to do a lot more than use an ATM machine.
A debit card is like an electronic cheque that you can use to pay for goods and services. There are different types of debit card and not all outlets will accept them as payment. The main types of debit card are Visa delta, Solo, and Switch.
Although you have to be aged at least 11 before you are allowed to own a debit card, most types of debit card are not available to under 18s.
When you use a debit card to pay for something, the money will normally be taken from your account within three working days. As the money is automatically taken from your account, it means that you can only spend the amount that’s available in your account at the time.
Like the cheque guarantee card, there is a limit to how much you can spend on your debit card, and this will differ depending on who you bank with and the type of card you hold.
Like a cash card, a debit card can be used at an ATM machine. You will be issued with a Personal Identification Number (PIN number) shortly after you receive your card.
This is normally a four-digit number, which you will need to key in to the ATM machine every time you wish to use your card.
You should always keep your PIN number safe. It is best to memorise it, and destroy the paper on which is sent to you on. If someone else knows what your PIN number is, and they can get access to your card, they can also get access to your money. By keeping your PIN number memorised, you can prevent anyone else finding out what it is, and therefore, prevent someone from stealing your cash.
back
|
 |
Search
