What is a debit card and how to use it
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A debit card is a universal instrument for payments and saving cash. Unlike a credit card, when the holder can use credit funds, there are no interest for using money, replenishment periods, and the like.
Photo: Raiffeisen Bank 0
Such a bank card is purely personal funds of the owner, which are stored in a bank account.
In this article, we will understand how to use debit cards and issue a card for online payments. As an example, let’s take popular means of payment with favorable conditions from Raiffeisen Bank.
How to use a card without a credit limit
In order to be able to pay with such a card at the cash desk or on the Internet, a person needs to monitor the balance so that there are always funds in the account. If there is not enough money, the transaction will be refused.
It is possible to top up the card with personal funds through the cash register, self-service terminal and by transferring from card to card. And also due to receiving payments on the card from the state or employer. We are talking about wages, pensions, scholarships, unemployment benefits, low-income families, and the like.
How to withdraw cash
If you want to withdraw money from your account, use an ATM. There is no commission for cash withdrawals in most cases. You can withdraw money not only from the ATM of the issuing bank, but also from other ATMs of partner banks.
What is a debit card used for?
As we have already noted, a debit card is a multifunctional payment instrument.
Having such a card, you can perform the following actions:
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keeps and spends own funds;
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withdraw cash in any country;
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pay by card in any place;
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receive cashback for purchases (“Rifkarta + Visa Gold”);
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buy goods with a discount at favorable prices (Fishka, ATB card);
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to receive social payments from the state and wages;
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pay for utility services, mobile communications, etc. without commission
The full list of functions depends on the type of debit card and the issuing bank. For example, “Rifkarta+” in currency is used to store funds, receive transfers from abroad, accumulate income from a deposit. And the Visa Reward debit card is issued as a key card to a business account.
There is a separate type of debit card that has limited functionality, but can also be used for cashier payments, online payments, and cash accumulation. These are children’s cards, like the FUN card from Raif, which is issued in the name of a child aged 6-18 years at the request of one of the parents.
How to get a debit card
Now the procedure for obtaining debit cards is maximally simplified. It only takes 10 minutes to issue a virtual means of payment. An application for issuing a card is submitted online without a visit to the bank, confirming the intention with the help of “Action.Signature”.
The digital card obtained in this way can be immediately added to the Apple Pay/Google Pay mobile wallet and make purchases, or provide the details of the means of payment for the calculation of social assistance from the state.
Source: Ministry of Finance
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