Things to watch for on a debit card with a mortgage account

Debit cards are now commonplace with mortgage accounts, giving the account holder the ability to withdraw funds or make purchases through the mortgage account. This makes sense for the bank, and it can make sense for the mortgage account holder, as well. However it is a good idea to be aware that a debit card [...]

Running debit cards off accounts other than transaction accounts

Debit cards used to be seen by banks as a way of replacing cheques and cutting down on the frequency of visits to ATMs. For this reason most banks saw no reason to offer them with anything other than a transaction account.

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