Debit Card - Get The Facts

Debit cards are a useful form of payment and yet there are many that simply are of no value at all to consumers. There has been a trend for companies to offer debit cards that heavily penalize the cardholder for the use of it in the form of high monthly fees as well as transaction fees.

Make sure that you study all the fees associated with a particular debit card before signing up or the balance on your card will not last long.

A debit card solution is available to all YBA members regardless of their credit status. It is truly a universal solution for all members and provides some huge advantages and unique benefits.

Debit cards provide the convenience of using a card for purchases without the temptation of accruing large balances that attract interest and penalties. The YBA card also offers the unique feature of reporting to credit agencies which helps to rebuild or improve the card holder’s credit rating.

Just like a credit card, the card can be swiped to pay for purchases almost anywhere in this country and it includes federal protections, such as liability limits for unauthorized use and purchase protection. It can be used at almost any ATM to withdraw cash or to check a balance and those with access to the internet have 24/7 access to their account information. It also gives the cardholder the ability to pay bills direct from their card and transfer money from their card to their bank account, savings account or even investment account.

There is an option of companion cards for family members that can be loaded from the primary card via the internet or by phone 24 hours a day. This is the perfect solution for those with a son or daughter in college, those that pay child support or alimony or even for family members in another country.

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