Contactless payment options are building up momentum in Australia with both MasterCard and Visa debit cards now offering this feature.
With a debit card that has MasterCard’s PayPass or Visa’s payWave system, in-store transactions can be completed in seconds without the card ever leaving your hands.
Instead of the usual swipe or card insertion for an EFTPOS machine, with a PayPass or payWave debit card people can complete transactions by simply waving or tapping their card against the machine.
While many people are happy to stick with one bank for most of their life it could end up costing them more than they realise.
As more and more options become available, bank accounts and debit card features are regularly updated. While most banks will inform people of any changes to current accounts, if they do not compare the changes with other options they might not be getting the best deal for their money.
To help you figure out if your bank is really worth it, here is a look at some of the most common signs that could indicate you need to make a switch.
With so many different cards available, chances are most people do not consider just how many benefits could come from keeping a second debit card on hand.
Getting a basic debit card account might seem like an easy option or a good way to save money on monthly fees, but often it does not pay off as well as people would like.
If you have every paid for something by EFTPOS, withdrawn money from an ATM or made a purchase online without using a credit card, chances are you already have at least one debit card to your name.