Benefits of a Debit Card......
Submitted by admin on Tue, 06/16/2009 - 11:25
Date:
Thu, 07/29/2010
A debit card is a convenient way to handle all of your transactions. There are many ways to use your debit card as you can see below. We have provided answers to our customers most commonly asked questions.
When and Where can the cards be used?
Like credit cards, debit cards can be used almost anywhere- at stores; for orders by mail, phone, or internet; and for automatic payments and other debit transactions, whether PIN’d or PINless. Here’s how it works:
· ATM. Like an ATM card, a debit card can be used for ATM deposits, withdrawls, inquiries, and transfers.
· POS (either PIN’d or PINless). Like a credit card, a debit card requires point-of-sale (POS) validation and your authorization with a PIN or a Visa signature transaction (except for PINless transactions such as online purchases) All activity is listed on your statement.
How Does Processing Work?
After a transaction is completed, it usually clears your account within two to three days. All activity is forwarded to FISERV EFT, which then forwards it for posting to your account.
How Can This Card Benefit You?
Debit cards combine the loss protection and convenience of credit cards with the “pay as you go” benefits of cash.
It’s more widely accepted then a check, safer than cash or checks because it’s protected from loss or theft. It conveniently tracks activity on your monthly statement. And it acts as a check guarantee card, expediting checkouts and returns.
For all of these reasons, debit cards have become the preferred way to pay for many people!
