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It doesn't exactly have money on it - it simply debits your bank account, so you need to know what your balance (or overdraft) is. If you try to use your debit card in a shop, for example, the checkout will show the sales assistant whether you have enough in your account or not; if not, the purchase will be refused.
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Advantages and disadvantages of a debit card?
ADVANTAGES: If you loss your card and the person know your pin they can get your money out 24 hour access to your money. You can use your debit card almost anywhere. No monthly interest charges on your spending. They allow you to have ATM access. With debit card you carry lots of money but your pockets doesn't get heavy.
Is a credit card free money?
NO! Do not think that. It will get you into alot of debt. The amounts add up to the bill you get, and the credit card company will add more if you don't pay on time. A debit card is a much safer option. You put money into an account and you access it through the card, and the purchase amount is taken from the debit account. SO in using a credit card, you are using money you don't have, and in using a DEBIT card, you are using money you know you have. A MUCH safer option.
Should credit debit cards replace money?
Not always. There are times when it is easier to drop change into a meter than to put a debit card in a slot. Debit cards can have a fee. Debit cards can be subject to identity theft. Debit cards can be counterfeited. People who use debit cards often don't know how much they have in their account and can overspend their money and get into debt very fast. Debit cards have their place in place of money, but, there are some times when paying for items with cash and coin is the better way.
What are the disadvantages of having a debit card?
The only disadvantage of having a debit card is you are making a high amount of purchase that you have no money in your checking account to cover that amount of purchase. A lot of people do not know how to balance their checkbook so they think that they have that amount of money in their checking but really it takes the bank longer to process that amount that you electronically or hand written check is a lot different.
Does a debit card expire at the end of the month or beginning of the month?
As far as I know, debit cards don't expire monthly. Mine hasn't
When does the money come out of your debit card account when you make a purchase on itunes?
I don't know about itunes but, whenever I use my debit card, the money comes out immediatly
Advantages and disadvantages of a debit card?
ADVANTAGES: If you loss your card and the person know your pin they can get your money out 24 hour access to your money. You can use your debit card almost anywhere. No monthly interest charges on your spending. They allow you to have ATM access. With debit card you carry lots of money but your pockets doesn't get heavy.
Is a credit card free money?
NO! Do not think that. It will get you into alot of debt. The amounts add up to the bill you get, and the credit card company will add more if you don't pay on time. A debit card is a much safer option. You put money into an account and you access it through the card, and the purchase amount is taken from the debit account. SO in using a credit card, you are using money you don't have, and in using a DEBIT card, you are using money you know you have. A MUCH safer option.
Does newegg accept debit?
As long as you can use your debit card at stores just like credit cards are used, your debit card will work. Newegg won't know the difference between your debit card and a credit card.
Can I use my Target debit Red card today if I don't have any money in my bank account but will have money in it tomorrow?
It always takes a couple of days for my red card debit purchases to withdraw from my bank account so I figure this should work but I don't know.
What is a debit card number?
It is a number that identifies a person and links them to their own account. If there were no debit card numbers we wouldn't know which person was buying what!
Should credit debit cards replace money?
Not always. There are times when it is easier to drop change into a meter than to put a debit card in a slot. Debit cards can have a fee. Debit cards can be subject to identity theft. Debit cards can be counterfeited. People who use debit cards often don't know how much they have in their account and can overspend their money and get into debt very fast. Debit cards have their place in place of money, but, there are some times when paying for items with cash and coin is the better way.
Can a teen get a debit card If so how And can they use it to make online purchases?
Yes, there are several methods to getting a debit card. First of all, in most cases, you should be at least 13 years of age (since you are asking as a teen in the question, then it should be fine). There are different types of debit cards, such as bank debit cards, prepaid debit cards, gift cards, and general purpose reloadable cards. If you are trying to get a debit card that can be reloaded, then there are several options. The first one is a bank debit card. If you have a bank account, then the debit card can be directly tied/connected to that account. A debit card is limited to the amount of money in the bank account itself. When a debit card is used at a retail merchant, the transaction "debits" or withdraws the amount owed from bank or deposit account associated with the card. Typically, the transaction happens rapidly and the funds are deducted that same day, so that you can't go over your own spending limit. Make sure you have a parent's or guardian's permission before obtaining a debit card (They have to set it up anyway). Another way to get a debit card online with a linked account (ie. PayPal Teen/Student debit card). Your parents/gaurdians can set it up for you, and the company should usually mail the debit card to you. Your parents will enter money into your account, and you can only spend the amount of money in the card. Make sure to remember to spend your money wisely, and that they can usually monitor your budget. You can usually make online purchases with your debit card, as long as the online vendors accept the brand of your card (MasterCard, American Express, etc.), and you have the permission of someone 18 years+. However you should be careful when spending money online (you probably know this by now, but I'll explain anyway). Unless you are absolutely sure the company you are purchasing from is reliable, you should be wary. Many companies are just frauders/conners that try to get your debit card information so that they can steal all of your money. Hope this helped you and anyone who read this (and didn't confuse anyone either)! Best of luck; spend and save wisely.
How do you cancel your membership on Movie Star Planet?
ahh i dont know but someone plz put the answer on this thang vip is sucking the money outta my debit card
How do you know cvv no...if its erased on debit card?
You'd have to get the card replaced if you could no longer read the CVV.
Where do you find your issue number on your debit card?
i want to know where to find the issue number on my natwest debt card
What are the disadvantage of a debit card?
The only disadvantage of having a debit card is you are making a high amount of purchase that you have no money in your checking account to cover that amount of purchase. A lot of people do not know how to balance their checkbook so they think that they have that amount of money in their checking but really it takes the bank longer to process that amount that you electronically or hand written check is a lot different.
