It's likely you know what a debit card is, and while it may sound pretty similar to an EFTPOS card, there are some key differences between the two payment methods. Let's explore these differences and figure out which one is the right fit for your wallet.
If you're one to indulge in a spot of credit card over-spending from time to time, debit cards are a great alternative. They only let you spend the cash you have so you never slip out of credit control.
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Picture this: you’re out to grab a few groceries - you pick up your milk, bread, veggies and a sneaky chocolate bar - and head over to the counter. How are you going to pay?
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Once you’ve read up on debit cards and the different fees and features they typically come with, you might start to wonder about how they differ from credit cards and which option is best for you.
Stay on top of the fast-paced debit card game with breaking news from the finance geeks you trust.
More than one in three Australians (35%) would ‘happily’ say goodbye to using coins and notes in as little as a year, new research from ME has found.
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For decades it’s been the norm for Australians to reach into their wallets for a plastic debit card to withdraw cash or make a payment at the counter, but that’s about to change for customers of one bank.
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Commonwealth Bank customers can get a digital copy of their receipts sent straight to their smartphones under a new partnership between the major bank and Sydney-based fintech Slyp.
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The outbreak of COVID-19 has necessitated a different approach to the way Australians pay for their goods and services and we’ve already seen this play out through an increased use in contactless payment options and a move to online shopping.
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