Preventing theft or attack at ATM cash machines should be every debit card user’s top priority when making a transaction. Too many people believe that they will never be mugged or that their sensitive financial information will never be stolen. However, theft and attack continue to occur at ATM machines, leaving debit card users without [...]
Many savings accounts now offer debit cards. This can have some advantages and disadvantages compared to other types of accounts that use debit cards.
There are a number of accounts that now carry attached debit cards but which are not transaction accounts. While transaction accounts are the traditional ones for debit card issuance, modern economic realities mean they are now issued on a wide range of accounts that did not traditionally offer easy access to the deposited funds.
Debit cards traditionally used to be issued on transaction accounts. Banks saw them as natural replacements for EFTPOS cards and cheque books as well as a way of lowering ATM usage. As these services were provided by transaction accounts then debit cards were at first mainly issued for transaction accounts. However over time debit cards [...]