There are a number of email scams that are aimed at convincing the recipients to provide their debit card details. These are often known as “phishing” scams. They can be dealt with by displaying a good deal of caution about what’s coming through email.
Debit card transactions often have minimum amounts and many shops won’t accept any plastic at sums below that level. These minimum amounts may be advertised on the till, in other parts of the shop, or not until the customer is checking out. The most common reason for a minimum amount is that debit card providers [...]
Zero liability guarantees are one of the most popular features of credit cards, but they are also available on many debit cards as well. Zero liability guarantees ensure that any unauthorised transactions made on a debit card will not be charged to the connected bank account as long as the bank or credit union that [...]
A zero liability guarantee from a payment card company means that the account holder will not be charged for any unauthorised transactions on the card. Simply put, if the card’s details or the card itself is stolen and used before being cancelled, those transactions don’t count. A zero liability guarantee means that one of the [...]
It’s not usually possible to borrow money when shopping with a debit card, as it is with a credit card. But it may be possible to use a debit card to borrow on the underlying bank account, if the account allows for this use.