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Most of the time, the bank puts a limit on your debit card like 500 or 1000 dollars. That way you won't accidentally spend more than you intend, and if your card is stolen the thief won't have access to all of your money at once. If you remove the limit, then the only thing that would regulate the amount of money you can spend with the card would be the amount that is in your account. If you spend more than you have the banks murder you.
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Do you need a bank account to have a debit card?
Yes, you do. A debit card is linked to a bank account - so that you can only 'spend' what money is already in the associated account. (ie - you cannot go overdrawn on the card). A credit card is different - it's like a short-term 'loan' that you pay back. You can 'spend' using the card - up to its limit - whether there's any money in your bank account or not.
Do you pay interest on Debit cards?
No, you do not pay any interest on debit cards. A debit card is nothing but a card similar to an ATM card. Instead of withdrawing cash, you swipe it at merchant establishments directly. You can only use as much amount as you have in your bank account and hence the bank cannot charge you any interest for using the same.
What is the visa debit card used for?
The visa debit card is used for any purchase you would normally make with your credit card. The difference is that the visa debit can be used just like a debit card and a credit card. It has the versatility of both. You can make purchases with this card wherever visa is excepted, there are no restrictions.
Can I withdraw more money from an ATM then is available?
A debit card used to withdraw money from an ATM has a limit. Mine is £250 in any one day. Other debit cards have other, often higher limits, that you can agree with your bank.
Can you use your debt card as credit?
No - a debit card and a credit card are two entirely different methods of payment. With a credit card, any purchases are immediately paid for by the card issuer to the retailer (assuming you're within your credit limit) - and the issuer charges you monthly interest on the outstanding balance until the account is paid off. With a debit card, you can only make purchases if you already have the money in your account.
Why cant you use debit card to be a member on club penguin?
Yono it is not true that we can byr membership using debit card people hhave you seen that there is any option in using debit card
Why are debit cards called debit cards?
in the language of bank and other financial institutions debit means withdrawl. so by naming debit card as debit card bank says '' it is a card by using which u can do any purchases and in return we will debit ur bank balance by that amount. so in debit card u are not borrowing cash from bank (as u do in credit card), but u are using your own money which u have earlier deposited in bank. so in short: debit card is a card by using which u are debiting ur bank's credit balance.
Do you need a bank account to have a debit card?
Yes, you do. A debit card is linked to a bank account - so that you can only 'spend' what money is already in the associated account. (ie - you cannot go overdrawn on the card). A credit card is different - it's like a short-term 'loan' that you pay back. You can 'spend' using the card - up to its limit - whether there's any money in your bank account or not.
How do you pay for games on ipod touch?
You must setup an Apple Account with your credit/debit card details. Then any apps you purchase using this account will be billed to your cred/debit card.
Is it possible to reload your wired plastic visa prepaid card using your debit mastercard?
yes its possible its a reloadable debit card didnt you read any thing about it before you applied for it
What is the card number on a visa debit card?
The number on any debit card is different for each individual
Can you go for internet booking through debit card?
Yes you can use your Debit card for internet transactions. These days debit cards also come with CVV number (A 3 digit number on the back of the card used for authentication & security purposes) any card that has the CVV number and sufficient credit limit can be used for internet transactions.
What can you use a Mastercard debit card for?
Just like a regular debit card. A MasterCard debit card can be used in any purchase wherein a debit card can be accepted. They provide an added convenience in online shopping.
Do you pay interest on Debit cards?
No, you do not pay any interest on debit cards. A debit card is nothing but a card similar to an ATM card. Instead of withdrawing cash, you swipe it at merchant establishments directly. You can only use as much amount as you have in your bank account and hence the bank cannot charge you any interest for using the same.
Can you get a debit card at 14?
Yes, you may have a debit card at any age, assuming the checking account is in that persons name.
Is it advisable to use a Visa Debit Card for large purchases online?
You have to be very careful using any debit card online. If you do use it, especially for large purchases, be sure to use a secure site or PayPal.
When will i get my reloadable debit card instructions?
This depends on what company you have your reloadable debit card through. I would check with the company directly regarding any questions concerning your debit card.
