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Is it illegal for a company to keep your debit card details?

Yes, it can be illegal for a company to keep your debit card details without proper consent and security measures. Regulations like the Payment Card Industry Data Security Standard (PCI DSS) require companies to handle card information responsibly. Additionally, data protection laws, such as the General Data Protection Regulation (GDPR) in Europe, mandate that personal data must be stored securely and only for as long as necessary. Always check a company's privacy policy to understand how your data is managed.


If i provide details of bank account but don't have a debit card for that account can the company take any money from that account without setting up a direct debit?

Yes. A debit card is not related to a direct debit. A direct debit is your authorisation to your bank to pay whatever amount is requested by whomever the direct debit is in favour of.... a utility company, a service provider or other business.... on a regular basis, usually monthly or yearly. A debit card is a way of paying for individual transactions, on the spot, without using cash. The total can be deducted from your account when the card is processed by the trader.


Is cash a debit or credit account?

It is a debit from the company side it is always a debit and when you pay out cash it is a credit


If supplies are return back to company and a reduction is on the account is it a credit or debit?

Debit account


What is a debit note and what is it used for?

A debit note is a document that is used by a buyer to inform the company of the quality of goods and price of the goods that are being returned. Debit note is also known as a debit memo.

Related Questions

Is it illegal for a company to keep your debit card details?

Yes, it can be illegal for a company to keep your debit card details without proper consent and security measures. Regulations like the Payment Card Industry Data Security Standard (PCI DSS) require companies to handle card information responsibly. Additionally, data protection laws, such as the General Data Protection Regulation (GDPR) in Europe, mandate that personal data must be stored securely and only for as long as necessary. Always check a company's privacy policy to understand how your data is managed.


Does a Visa debit card provide you with security?

Typically, a credit card company like Visa would provide you with security. The same thing can be said for debit cards since Visa does ensure the same security protections for them.


What does the PCI Security Standards Council do?

The PCI Security Standards Council is a security systems company that does security for debit and credit card machines. Their systems make it difficult for people to steal pin numbers.


Are shares in a public company a credit or debit?

credit to shareholder and debit to the company


How can I cancel debit card subscriptions?

To cancel debit card subscriptions, contact the company providing the service and request to cancel the subscription linked to your debit card. You may need to provide your account details and verify your identity to complete the cancellation process.


What should I do if I forgot my debit card number?

If you forget your debit card number, you should contact your bank or financial institution immediately to report the issue and request a new card. Do not share your card details with anyone else for security reasons.


Is Retained earnings in a profitable company a debit or a credit?

debit


Is it illegal to charge twice on debit card?

yes


If i provide details of bank account but don't have a debit card for that account can the company take any money from that account without setting up a direct debit?

Yes. A debit card is not related to a direct debit. A direct debit is your authorisation to your bank to pay whatever amount is requested by whomever the direct debit is in favour of.... a utility company, a service provider or other business.... on a regular basis, usually monthly or yearly. A debit card is a way of paying for individual transactions, on the spot, without using cash. The total can be deducted from your account when the card is processed by the trader.


How can I request a refund to a different debit card?

To request a refund to a different debit card, you should contact the company or merchant from which you made the original purchase. Explain that you would like the refund to be processed to a different debit card and provide the necessary details for the new card. The company will typically guide you through the process or provide instructions on how to update the payment information for the refund.


Is cash a debit or credit account?

It is a debit from the company side it is always a debit and when you pay out cash it is a credit


Can you get a Debit card without your social security?

yes you can,