Getting debit cards to use with your checking account.
A debit card is a cross between an ATM bank card and a credit card. A debit card allows you to access the cash in your checking account by using the card as an atm debit card.
In addition to this feature, the debit card has a Visa or Mastercard logo on the front which makes it useable as a Visa debit card or a Mastercard debit card wherever these cards are accepted for purchases. Purchases are deducted directly from the linked checking account using the card.
Some cards offer debit card rewards as well that allow users to rack up points or other perks by swiping their debit card during a purchase as ‘credit’. The increased flexibility, rewards, and need to carry just one card, makes debit card use an ideal and practical idea for daily use.
If you already have a checking account at a bank that issues debit cards, getting a debit card is as simple as going to the bank and asking for a debit card for your active checking account. Be sure to ask about any debit card fees, account fees, or minimum account restrictions. You may also be required to use your debit card to withdraw cash only at approved ATMs or be subject to ATM fees.
If you do not have a checking account, you can usually open a free personal checking account at any local or national bank. Some banks even offer users a free checking account online that can be opened and maintained online. Free checking accounts may come with restrictions such as account minimums or limited features, be sure that the checking account program is one that includes a free debit card. You will need to make an initial deposit and you will need to prove your identity before opening a free checking account.
Once you have set up your checking account or linked an existing account to your new debit card you must sign the back of the card and keep it secure at all times. Report a lost card or suspicious account activity immediately to the issuing bank because liability for unauthorized purchases may differ from liability with credit cards. Plus a stolen debit card means any purchases made with the card draw directly from your own personal account, making it more time consuming to get money reimbursed.
Additionally, you can link a savings account or another account to your debit card if the bank allows it. This allows you to withdraw money from various linked accounts or make ATM deposits at your bank directly into a linked account.
A debit payment card can eliminate the need for an ATM card or checkbook, allow you to make purchases quicker, and reduce the need to carry cash around.