Debit cards have become increasingly popular in recent years due to their convenience and accessibility. They allow you to make cashless transactions both online and offline, and provide 24/7 access to your funds. In addition, debit cards offer security features that protect you from fraudulent activities. In this article, we will explore the benefits of using a debit card, and how to use one for different types of transactions.
Debit cards are primarily used for three purposes.
Here's how to use your debit card for online payments:
Step 1: Choose "Debit Card" as your mode of payment.
Step 2: Enter your debit card number, the name of the card owner, and the expiration date.
Step 3: Enter the three-digit CVV code.
Step 4: Finally, enter the OTP received on your registered phone number to complete the payment.
To pay at a store, restaurant etc.:
Step 1: Provide your debit card to the cashier.
Step 2: Tap/swipe your debit card.
Step 3: Enter the 4-digit PIN.
In case you need to withdraw cash from an ATM machine, this is all you need to do.
To withdraw cash from an ATM, follow these steps:
Step 1: Swipe your card in the ATM machine.
Step 2: Enter your PIN.
Step 3: Select the 'Cash Withdrawal' option and choose the account you want to withdraw from (either Savings or Current).
Step 4: Enter the amount you want to withdraw.
Debit cards are a game-changer when it comes to managing your finances. They're super convenient, easy to use, and come with added security features that protect you from fraud. With a debit card, you can make cashless transactions both online and offline, and you have 24/7 access to your funds. It's a great way to stay on top of your finances without having to carry cash or worry about interest charges.
The Fi-Federal co-branded debit card has a bunch of features, including the 'Tap and Pay' feature for contactless payments. It also has no Forex charges on select plans, and you can set your own transaction limits from the app. Plus, you can get offers from top brands in food, shopping, travel, and entertainment. And if you're someone who struggles with budgeting, you can easily freeze or unfreeze your card from the app. It's a great option if you want to keep on top of your finances and have a little more control over your spending.
To withdraw cash using an ATM debit card, swipe and enter PIN. For online transactions, enter card details, CVV, and OTP.
To pay online with a debit card, you just need to enter your card details, including the card number, name, expiry date, and CVV number. Then, you'll receive an OTP on your phone, which you can enter to complete the payment.