While debit cards may seem like the same pieces of plastic regardless of the issuing bank, different accounts will lead to different features for every debit card.
For people who use their cards almost all the time, an account with unlimited transactions like Citibank’s Plus account is ideal, offering no monthly account fees, unlimited free withdrawals and the all the accessibility features of a Visa debit card.
Whether you want to keep some cash separate or would like to give a different kind of gift, a debit card without a bank account could sound like the perfect option for your situation.
Without a bank account providing access to everyday funds, using a debit card can be a more efficient way to manage money for people who find they spend too much and those who worry about security while travelling or shopping online.
Credit unions offer some of the best financial products and services outside the major banking network, but sometimes their debit card options can cost a lot more than expected.
Unlike major banks such as ANZ, Citibank and Westpac, among others, credit unions rarely have a widespread debit card network that people can take advantage of to save money on ATM fees.
Debit cards are a convenient way to pay for things in person, online or over the phone but there are times when things can go wrong somewhere along the line.
Whether it is from fraud or an electronic processing error, incorrect debit card transactions could show up on anyone’s statement.
While they are not incredibly common, it does pay off to know what to do if you think you have an unauthorised transaction on your debit card.
Debit card overdraft facilities are a convenient option when more money is needed in a hurry.
Like credit cards, which lend cardholders a certain amount of funds and charge interest on repayments, overdrafts will give people access to more money than is in their bank account at the time.
While the feature often comes with interest on the amount it can be a useful tool to have as part of your debit card package.