Debit MasterCard
| File:MasterCard Logo.svg | |
Debit MasterCard issued by Citizens Bank
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| Product type | Debit card |
|---|---|
| Owner | MasterCard |
| Country | United States |
| Related brands | Maestro |
| Markets | Worldwide |
| Website | www |
The Debit MasterCard is a debit card. It uses the same systems as the standard MasterCard credit card but does not use a line of credit to the customer, instead relying on funds that the customer has in their bank account.
Contents
Algeria
Several banks offer Credit and Debit MasterCard in Algeria (Algeria Gulf Bank, Banque de Développement Local, Crédit Populaire Agricole).[1]
Australia
As in the UK, in Australia the Debit MasterCard is a competitor to the Visa Debit cards provided by Visa Inc.[2]
The Debit MasterCard was first launched in Australia by Westpac in 2006[3] as an alternative card for the bank's Cirrus cardholders.
The Commonwealth Bank, ME Bank and Westpac are notable for being the only banks in Australia to issue a Debit MasterCard to any account holder age 16 and older,[4][5][6] whereas other institutions require cardholders to be age 18 or older.
Baltic states
Swedbank has offered Debit MasterCard in Estonia since 2011, Latvia and Lithuania since 2012. SEB has offered Debit MasterCard and Visa Debit for years equally in the Baltic states, but since March/April 2014 SEB decided to prefer Debit MasterCard as their main debit card, still somewhat offering also Visa Debit[7][8]
Canada
Debit MasterCard is scheduled to launch in Canada in 2015.[9]
Greece
As of March 2015, all four major Greek banks offer a contactless Debit MasterCard to their clients.
Eurobank Ergasias is replacing its Maestro line of debit cards with a new Debit MasterCard.[10]
The National Bank of Greece (NBG) started replacing its Maestro debit card with a new Debit Mastercard in March 2015. [11] NBG is the last one of the four major Greek banks to offer a Debit MasterCard to its clients, but it follows Eurobank's example by offering only this choice.
Piraeus Bank has added the option for a Mastercard Debit card[12] alongside the Visa Debit (formerly Visa Electron) card that it had been offering in the past as the exclusive option. Also Alpha Bank offers Debit MasterCard and Debit MasterCard Contactless[13] as one of three options for a debit card. It is not clear which option these two banks promote the most to customers that do not have a specific preference.
United Kingdom
In the United Kingdom, the Debit MasterCard operates alongside MasterCard's established Maestro debit card scheme, which previously were the only debit cards provided by MasterCard. However, more providers are switching to using Debit MasterCard instead, as the previous Maestro debit cards are not accepted as widely worldwide, unlike the Debit MasterCard which is accepted worldwide wherever MasterCard is accepted. Although, currently, the Maestro scheme still remains in place. Main issuers of Debit MasterCard are Clydesdale Bank (incorporating Yorkshire Bank), Danske Bank, and Metro Bank.
The Debit MasterCard is a competitor to the Visa Debit cards provided by Visa Inc.
United States
In the United States, unlike Australia and the United Kingdom, three levels of Debit MasterCard are available: Standard, Enhanced, and World.[14] In 2012, there were four levels of Debit MasterCard available: Standard, Gold, Platinum and World.[15]
See also
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References
- ↑ http://www.dzdinars.com/blog/2013/07/29/carte-visa-mastercard-en-algerie/
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- ↑ http://www.mebank.com.au/pdf/personal/personal_everyday_account_tandc.pdf
- ↑ http://www.westpac.com.au/personal-banking/bank-accounts/debit-cards/debit-mastercard/ westpac.com.au Retrieved 2012-09-12
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
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- ↑ Rita Trichur; Robin Sidel. http://www.wsj.com/articles/mastercard-to-launch-debit-card-service-in-canada-in-2015-1416843274. The Wall Street Journal.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
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