A debit card is much like the same as a credit card. It is also rectangular in shape with the name of the cardholder embedded on the card and the company who issued the card.
It is also one of the popular banking products that most of the customers are applying for, together with credit cards and deposit accounts. A debit card works almost the same as a credit card, the only difference is that when you use a debit card, you don’t incur debt. On the other hand, if you use a credit card, you are getting debt every time you use it for payment of your purchases.
Features of BDO ATM Debit Card
There are many benefits that you can get from owning a debit card. Just what I said before, it is similar in principle with credit card. You can use it for a hassle-free cashless payment and quickly access your cash in just one card.
The BDO ATM debit card can also be used to withdraw cash from any BDO bank, Expressnet, MegaLink and BancNet ATMs nationwide and through MasterCard/Cirrus and Visa/Plus ATMs worldwide (for MasterCard and VISA ATM Debit Card). In addition, you may also use it to pay without cash for purchases of goods and services at partner establishments locally and abroad for Visa and Master debit Card.
Another good feature of this debit card is that you can access your account online to view your balance, check the result of your money transfer and bills payment, buy prepaid loads at any BDO electronic channels and a lot more that you can imagine.
The maximum amount of money that you can withdraw per day is P50,000 or 5 times per day whichever comes first. Furthermore, the maximum amount you can withdraw per transaction is P25,000 and the minimum is P200.
For transactions using point of sale system, the PIN-based transaction per day is P100,000 while the signature-based transaction has a maximum amount of P25,000 for Visa and Master Card.
How to Apply for BDO Debit Card
The application for BDO ATM debit card can be done by visiting a branch nearest your area or by applying online through their website. You may go to to https://www.mybdo.com.ph to start the online application for your debit card. Make sure to furnish all requirements before beginning your application.
A debit card can be a good replacement for credit card especially when you don’t want to use cash during shopping. You can easily apply for it because you don’t need to have a good credit score and lot of money.