Quote:
Originally Posted by pilotbob
My bank provides me a Visa and/or Mastercard branded debit card too. I just use it like a credit card but it is accepted as a Visa. Also, when I use it as a credit card I don't have to pay debit card fees.
BOb
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The reason I was asking was to know whether Visa was phasing out the Electron brand, as a few years ago there was no Visa only Debit card as far as I'm aware.
And Debit card fees? It that a monthly fee, or just an interest charge on any mony borrowed?
In the UK, Debit cards are issued for most if not all bank accounts free of charge, and there is usually no fee when using it to pay for purchases. Some small sellers do impose a surcharge, but nowadays its usually been for credit cards, not Debit cards. The only charge is if you overdraw you account and have to pay a un arranged borrowing fee.