Author: Miller Taylor
Prepaid Debit Card
Friday, August 1st, 2008 @ 6:10 am
How to Identity Theft and Frauds?
If you wish to spend or withdraw more money than the amounts listed in the table above, you must call Customer Service to change the limits. You may even ask that they remove the certain limits, if permitted, although it is recommended that you not change your limits for security reasons.
Who can apply for a debit card?
There are no limits to how much money you can keep in your debit card account. But you are limited to how much you can withdraw. These limits are set by each Bank or ATM you use, not by debit card.
What is the advantage of a debit card?
A debit card is more secure than a bank card. Like a bank card, nobody can get at your cash without your Personal Identification Number (PIN). What’s more, unlike a bank card, the maximum risk that you face is the amount of money stored on the card. With a normal bank card, someone who steals both your card and PIN may be able to clean out your entire bank account.
How is debit card better than cash?
RDC offers what are known as “”stored value”" cards. Quite simply, that means that you store money in an account and access it by using your card at a bank machine (ATM) or by using it like a bank RDC to make purchases.
Why Debit Cards and Credit Cards Comparisons Pointless?
One wonders what drives financial advisors to compare two completely different products that have a single thing in common: the material or substance of which they are made. Other than that, I did not see a good reason for comparing a debit card to a credit card.
Will I still be able to return and get a refund for things I buy with my debit card?
Using a debit card to pay for your purchase does not alter the store’s refund policy. If the store normally allows refunds on returned merchandise then they will provide a refund on something purchased with your card. If you return merchandise, it is up to the merchant whether to issue a cash refund or to transfer the money back onto your card.
Can I still get at my money if I forget my Personal Identification Number (PIN)?
Not right away. To ensure that your money is safe, you need both your card and your PIN to get at your money. However, if you forget your PIN.
Why should I trust debit card?
It is definitely a lot easier to buy products on the internet by means of a credit card. Payment intermediation services that allow you to use a debit card require verification processes that are otherwise not necessarily. Therefore, when it comes to online shopping we need to point out that there are significantly differences between these two financial products.
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