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Theoretically no, although it's rare for a bank to issue a debit card to someone under 16 (in the UK). A debit card doesn't require a credit check, nor does the holder need to be employed in order to get one. A debit card can only be used if there are already funds in the associated bank account. Think of a debit card as 'electronic cash'.
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How my debit card limit be raised?
Debit cards don't usually have a limit ! A debit card is usually 'tied' to a bank account - the only 'limit' - is the balance of available funds in the account.
How old do you have to be to get a debit card at m and t bank?
There is (theoretically) no minimum age limit for Debit cards. The card will NOT be accepted at the retailers, unless there is already enough cash inn the linked account to cover the purchase.
What are visa cards?
its a debit cards. its a debit cards. its a debit cards.
What are consumer debit cards?
The consumer debit cards are Government debit cards,Banking USA debit crads and Lakeland Bank debit cards and Prepaid debit cards. Most of all banks has their own debit cards.
Why are debit cards useful to consumers?
Because they're effectively a form of cash. Debit cards don't normally have (a) a credit limit or (b) an overdraft facility. In reality - you can only spend what's in the bank account linked to the card.
Do banks offer teen debit cards?
Yes, banks do offer teen debit cards. However, these cards are to be prepaid debit cards. A debit card is a debit card, depending on your age you can go with your parents to sign up for one and set certain limitations to the account. That way you have your own card, it can prevent you from over-drafting, and parents can link accounts with students and deposit money in for them at any given time.
What is the difference between atm and debit card?
difference between debit cards and ATM cards Debit cards, there are points of sale or ATM cards, there are no points of sale
Are credit and debit cards identified as credit or debit cards?
Based on the cards I have, if it is a debit card the word Debit appears on the front above the Visa, Mastercard or American Express logo. Credit cards typically only contain the logo.
Can a debit card have negative money?
Yes if you refer 'negative money' to overdraft. Some new forms of debit cards have the overdraft function but cost you a fee which a credit card does not within its overdraft limit
How long do debit cards take?
Debit cards will take up to about 2 weeks or so.
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 you enter your debit cards number into an ATM?
You would enter its PIN number into an ATM. Both regular bank cards and debit cards work in an ATM. Debit cards tend to work in nearly any ATM.
