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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.
What else can I help you with?
How can I transfer money from my debit card to my bank account?
To transfer money from your debit card to your bank account, you can use online banking, mobile banking apps, or visit your bank's branch or ATM to make a transfer. You will need to link your debit card to your bank account and follow the instructions provided by your bank to complete the transfer.
What is the process for updating my account information with my old debit card number?
To update your account information with your old debit card number, you will need to contact your bank or financial institution. They will guide you through the process of updating your account details with the new debit card number.
How can I transfer money from my bank account to my debit card?
To transfer money from your bank account to your debit card, you can usually do so through your bank's online banking platform or mobile app. Look for the option to transfer funds between accounts and select your debit card as the destination. You may need to provide the card number and other details to complete the transfer.
Why do you need to know about financial institutions?
Because you will need to know how to maintain a bank account, make decisions about credit, and use a debit card.
How can I obtain an HSA debit card?
To obtain an HSA debit card, you need to first open a Health Savings Account (HSA) with a financial institution that offers this service. Once your HSA is set up, the bank will issue you a debit card linked to your account, which you can use to pay for qualified medical expenses.
Do you need a bank account for a prepaid debit card?
Shouldn't do.
How can I transfer money from my debit card to my bank account?
To transfer money from your debit card to your bank account, you can use online banking, mobile banking apps, or visit your bank's branch or ATM to make a transfer. You will need to link your debit card to your bank account and follow the instructions provided by your bank to complete the transfer.
Do you need a photo id to get a debit card?
If you already have an account with the Bank you want to get a debit card with then no. You can even create the debit card account online and they send you all the details and the card through the post in less then a week.
What is the process for updating my account information with my old debit card number?
To update your account information with your old debit card number, you will need to contact your bank or financial institution. They will guide you through the process of updating your account details with the new debit card number.
How can I transfer money from my bank account to my debit card?
To transfer money from your bank account to your debit card, you can usually do so through your bank's online banking platform or mobile app. Look for the option to transfer funds between accounts and select your debit card as the destination. You may need to provide the card number and other details to complete the transfer.
Is there an age limit for debit cards?
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'.
Why do you need to know about financial institutions?
Because you will need to know how to maintain a bank account, make decisions about credit, and use a debit card.
How can I obtain an HSA debit card?
To obtain an HSA debit card, you need to first open a Health Savings Account (HSA) with a financial institution that offers this service. Once your HSA is set up, the bank will issue you a debit card linked to your account, which you can use to pay for qualified medical expenses.
What do I need to make a withdrawal from the bank?
To make a withdrawal from the bank, you typically need to have a valid identification such as a driver's license or passport, your bank account number, and possibly your debit card or withdrawal slip.
What do you need for online shopping?
A computer (or other internet capable device), a bank account, a credit/debit card and a delivery address !
Do you need a credit or debit card on pay pal or can it just take money out of your account?
Paypal will directly withdraw from bank accounts.
How do banks make money from debit card companies?
It's not that they make money; rather, they save money versus other forms of payment. Per Answers.com, "[Using a debit card] removes the need for bank clients to go to the bank to remove cash from their account as they can now just go to an ATM or pay electronically at merchant locations. This type of card, as a form of payment, also removes the need for checks as the debit card immediately transfers money from the client's account to the business account."
