I used to have a Visa Electron card from my old bank but now I opened a new current account and was given a Visa Debit card. Is there any difference?
2006-11-23 20:50:25 · 7 answers · asked by decharmingprince 1 in Business & Finance ➔ Personal Finance
Yes
Visa electron will always check your account to make sure there is oney there before authorising the transaction.
Visa debit will have house limits with many retailers and not check your account balance before authorising the transaction. So you could spend more money than you have in the account or on an overdraft facility.
Be careful, your bank will charge you if you abuse it, around £30 each time you spend without money being in the account!
2006-11-23 21:21:00 · answer #1 · answered by duncanjfield 2 · 1⤊ 0⤋
a lot
a visa electron card is not accepted in as many places as a visa debit card. usually because they give electron cards to the under 18s or people with dodgy credit history.
if you now have the full debit card rejoyce in the fact.
2006-11-23 23:23:04 · answer #2 · answered by alatoruk 5 · 1⤊ 0⤋
Visa Electron (which i have) is OK in the shops, but not much good on line as lots of places will not take it, the visa debit card, I have never heard of, are you sure it's not a credit card as well, because i know some are
2006-11-23 21:05:34 · answer #3 · answered by ringo711 6 · 0⤊ 2⤋
Visa electron can't be used as cheque guarantee, but debit card can, only a guess as I've got electron.
2006-11-23 21:04:24 · answer #4 · answered by M 3 · 1⤊ 0⤋
debit cards are more widely accepted everywhere,electron is not and it isn`t a credit card as the name suggests it "debits" your account.
2006-11-23 21:15:15 · answer #5 · answered by fireblade 3 · 1⤊ 0⤋
your new card will allow you to do more.ie get a mobile phone contract.electron cards are given to young people and people with a low credit score.you've got a better credit score now so the bank has changed your card.
2006-11-23 20:53:01 · answer #6 · answered by aberdeen302004 3 · 3⤊ 0⤋
very little
2006-11-23 20:52:05 · answer #7 · answered by ? 5 · 0⤊ 2⤋