It's been my experience that the majority of banks work very hard to make depositers accounts as secure as possible. I feel safer using my debit card than I would using a traditional credit card.
I disagree with Nikki's answer that the security of a debit card has anything to with the banks good intentions toward its depositors. US law (I am _not_ a lawyer or an expert) provides protections for owners of credit cards that debit card owners do not enjoy.
There are some protections which would prevent your account from being cleaned out by a thief. But depending on the laws of your state and the voluntary policies of your bank, you could be out up to $500 or even the full amount stolen under some circumstances. The law limits your liability for a stolen credit card to $50.
Some banks do voluntarily provide protection terms more comparable to those of credit cards, so it pays to ask for details.
Even with protection a big difference between credit and debit card fraud is in what happens to you while the issue of the fraud is being resolved.
If you discover that your credit card has been maxed out, you can't use it to buy new things until the problem is cleared up, but you also don't have to pay the charges that the thief made while they are in dispute.
With a debit card, you may have to deal with having no money in your account as checks that you have written bounce, leaving you owing the people you wrote checks to and with no money to pay them until you prove fraud and get your money back.
Here is a link to a consumer organization article about debit cards that goes into more detail than I can here:
PIRG Consumer Protection pages: http://www.pirg.org/consumer/banks/debit/fact.htm
Here is a scary story of one person's problems with a debit card at the Privacy Rights Clearinghouse web site:
http://www.privacyrights.org/ar/DebitCd1002.htm
The different kinds of debit cards available in the market include standard debit cards, prepaid debit cards, and rewards debit cards.
Debit cards work online for making purchases by allowing you to enter your card details on a secure website. The money is then deducted directly from your bank account to pay for the purchase.
A debit card is a way to access the money in your bank account so your money is secure and safe in a bank. A credit card represents money that you do not have and is a way to buy things with something similar to a loan. The name "Visa" is printed on both debit and credit cards
Yes, it is possible for you to have two debit cards.
Yes, it is possible to have two debit cards.
its a debit cards. its a debit cards. its a 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.
Purchasing with a Debit Card can be considered more secure. If you use the PIN function, it can be very secure. Most establishments dont ask for proper identification when buying with credit. Keep in mind that MOST debit cards also contain a credit function. Most credit cards and debit cards are protected by fraud from the financial institution that issues the card. In this day and age, the money can be re-deposited into your account.
The different kinds of debit cards available in the market include standard debit cards, prepaid debit cards, and rewards debit cards.
Debit cards work online for making purchases by allowing you to enter your card details on a secure website. The money is then deducted directly from your bank account to pay for the purchase.
A debit card is a way to access the money in your bank account so your money is secure and safe in a bank. A credit card represents money that you do not have and is a way to buy things with something similar to a loan. The name "Visa" is printed on both debit and credit cards
difference between debit cards and ATM cards Debit cards, there are points of sale or ATM cards, there are no points of sale
Yes, it is possible for you to have two debit cards.
Yes, it is possible to have two 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.
Yes it is safe to use credit or debit cards on the LiveJasmin site. LiveJasmin is a very secure website
Debit cards will take up to about 2 weeks or so.