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Debit Card Questions

What is a debit card?

A debit card, bank card or check card is a type of plastic card that makes it to where a checking account holder has the ability to electronically access to their bank accounts at most financial institutions. A debit card is generally used as an alternative payment to cash when a person is making a purchase. In many countries, the use of debit cards is so popular that they have nearly taken over any and all check writing. Read below where Experts have answered many individuals’ questions pertaining to debit cards.

If a person's debit card reads invalid but they have money in the bank, what would this mean?

One reason the card may be reading invalid is that the magnetic strip on the back of the debit card may have became demagnetized which means that the account number and information has been erased from the card. Another reason for this may be that the bank or financial institution may have placed a block on the card. The person would need to get a hold of the bank and find out if there was a block. The person may also contact customer service that is listed on the back of the card and ask them if there is a reason why there would be a block, if there is no block on the card, then the person would need to request another card just in case it is the magnetic strip.

Can a person's doctor's office charge their debit card without the customer saying that it was alright to do if they paid with the debit card once before?

If the person placed their debit card on file for future use, then it would generally not be illegal for the Doctor's office to use the debit card as a form of payment. The person can ask the doctor’s office to reverse the charges and them pay with another form of payment or place a dispute on the charges in writing through the debit card company.

What would be the best prepaid debit card for a teenager?

When it comes to prepaid debit cards, there are many companies to choose from. Amount the prepaid debit card companies, master card and visa are amount the most popular. The VisaBuxx prepaid debit card generally offers good rates for the use of it, so that may be an option for the parent to think about.

If a person uses their debit card for an Electronic Fund Transfer (EFT) on three different occasions and then the card expired, but the business ran the card anyway, would this be illegal if the person did not agree to the EFT?

When a person is dealing with EFT's, then they need to look at the contract that they signed, if there is one, and see if they agreed for the funds to be taken by EFT every time. If there is no contract or the contract does not give them permission to take the funds out without the consent of the person, then the only recourse that the person may have is to sue to regain the money back. The person would also want to place a stop payment on the business to make sure there are no future issues with the business taking funds out.

Debit cards are a way for a person to pay for goods and services without using cash. When a person is thinking of getting a debit card or they have one, then they may have questions regarding how the debit cards work, how the debit card is used, or even which debit card is the best. When these questions arise, then the person would need to consult and Expert to gain the answers regarding debit cards.

Ask a Financial Professional

Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: General
Satisfied Customers: 2167
Experience:  Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
43581946
Type Your Finance Question Here...
characters left:
3 Financial Professionals are Online Now

How JustAnswer Works:

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    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Financial Professionals are online & ready to help you now

Rakhi Vasavada
Financial and Legal Consultant
Satisfied Customers: 2073
Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
Manal Elkhoshkhany
Tutor
Satisfied Customers: 1890
More than 5000 online tutoring sessions.
Megan C
Certified Public Accountant (CPA)
Satisfied Customers: 1755
Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level

Recent Debit Card Questions

  • Lane Thank you for your answer to my question(order#14733956-163).

    Lane
    Thank you for your answer to my question(order#14733956-163). Although it was comprehensive, I'm still confused. So, I'll re-phrase my question. My wife and I might retire in the Philippines. Should we convert our savings into the Philippine peso, or keep it in the US and use our debit card to extract dollars from our account in the US. Right now, the exchange rate is around 42:1. If the dollar loses value in the future, the exchange rate might go down (say to 5:1) in which case we'll get only 5 pesos for each dollar we extract from our US bank account and therefore not have enough pesos to buy food, etc, in the Philippines.
  • putting aside the $14,000 or lifetime 5.x million (consider

    putting aside the $14,000 or lifetime 5.x million (consider them used up): american express has a new product -- a card that can be in a grandkid's name and funded by grandma's amex card, but pre funded only. It's a debit card attached to a credit card.
    Can grandma pay school, health and medical costs by letting their adult grandkid use the card with the adult grandkid's name on it without worrying about taxes. Specifically, would it be treated the sam e as if grandma paid the vendor directly?
  • We need to send payments to a contractor in Uzbekistan. They

    We need to send payments to a contractor in Uzbekistan. They have issues with the banking system there and are requesting us to find alternative payment options. We are considering to find a prepaid debit card to resolve this. We have found Payoneer as an option, but are there other US based cards that we can use for this contractor in Uzbekistan?
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