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Are there any fees on the debit card?
Not usually. You can only use a debit card IF there are already sufficient funds in the linked bank account to complete the transaction. Debit cards are usually linked to savings accounts (rather than a current account). You cannot overdraw on a savings account - therefore there are no fees incurred.
How do you add money to a debit card?
Debit cards are linked to a specific bank account. They don't actually hold a balance on the card itself. You can only use a debit card to purchase items if there is sufficient funds in the linked account.
Can a debit card hold 20000?
A debit card has no limit - except the amount of money in the bank account that's linked to it.
Can a chase debit card also be used as a credit card?
Yes, but the funds are still withdrawn from the account that the debit card it linked to ... in other words using the debit card as a credit card is still a point of sale transaction. You cannot be extended "credit" on a debit card.
When you use a debit card you pay no or pay later?
When a debit card is used the payment is immediate.The Account linked to the card is debited online for the necessary amount.
What card starts 4462?
its a debit card, from Halifax, Some LLoyds TSB Business/Platinum accounts also have a debit card prefix of 4462
How do you tell the visa or master card is debit or credit?
Typically a debit card linked to Visa or MasterCard has the word Debit printed above the logo. This designation indicates that the card can either be used as a debit card or processed as a credit card under that particular network.
What happens when you use your debit card at a machine designed to read it?
Money is taken out of the account that the debit card is linked to.
Which banks offer debit card accounts?
The majority of banks will offer their customers debit card accounts. These banks include "HSBC", "Bank of America", "Lloyds TSB" and also "Santander".
What is a debit card described as?
In simple terms - a debit card is 'electronic cash'. You can only pay for things with a debit card as long as there is enough money in the account that's linked to it. Once the cash is spent, the card will be rejected.
What if you swipe your debit card as credit what happens?
The transaction would still be processed... provided the bank account linked to the debit card had sufficient funds in it.
What type of banking service is directly linked to a checking account?
debit card
