It is becoming more common for debit cards to offer additional cards to members of the card holder’s friends or family at no additional cost. Usually extra cards are given to other members of the card holder’s family. Although some banks can be quite happy to allow friends to have additional cards, many banks will [...]
With the credit crunch there has been a fall in the number of credit cards that have been approved. Many people have started to look for an alternative to credit cards, and they have found debit cards to be very useful for this. Debit cards are certainly easier to get. If a person can get [...]
Most prepaid debit cards do not have the ability to have another person topping up the debit card. It is usually only the card holder who is allowed to increase their debit card balance. However there is an exception with employers and this is known as direct deposit. The reason why there are restrictions on [...]
Many debit cards charge annual fees for using them. This is growing rarer and it is becoming more common to simply charge no annual fee for a debit card. Debit cards are issued by the same banks and card providers as credit cards, and so they tended to follow many of the same conventions as [...]
Many banks, building societies and credit unions are now offering debit cards with their savings accounts. Historically debit cards have been provided with transaction accounts. Transaction accounts have either had a very low interest rate (often no interest) or have actually cost the account holder, either through a monthly holding fee or through costs for [...]