Anyone using DEBIT CARDS?

[manok00]

Yes, the POS terminal is inter-connection with the banking network in short it's like the POS connected to a ATM machine

First the cashier will ask you for the available balance, swipe your card and input your PIN then you will see the available balance

Second, the items you purchase will be charge to your account, swipe the card and input your PIN then you will have the receipt

The balance inquiry is only to check if the POS would be able to communicate with your bank, if not then there will be communication problems during the transction and you will not able to charge the items to your account

[ginnyweasly]

I used my BDO debit card in paying my smart bro usb last sun in SMart wireless center in MOA, but they did not asked my PIN. It was my first time to used it.

[maedez]

@ginnyweasly kapag Debit Card nakasulat sa card mo: from what I know, Debit Cards do not require any PIN at all. That is their only difference with an ATM Debit Cards. So make sure you know the difference (^^).

[ginnyweasly]

^ATM Debit Card nakalagay sa card ko. (^^) BDO din yun.

[maedez]

@manok00 thanks for the answer, I just still find it weird but oh well

^
If you don't encode the PIN then anyone who has access to that card can use it Which branch did you get yours? Did they not tell you to encode the PIN immediately?

HOW TO ACTIVATE YOUR CARD:

Upon receipt of your card, please check the name printed on the face of the card and sign on the signature panel at once. Please encode you're PIN immediately after release of the card.

1. Go to any BDO ATM
2. Insert Card
3. Enter any PIN (6 digits)
4. Press "Other Services" button
5. Select PIN change
6. Enter desired/new PIN (6 digits)
7. Re-enter new PIN to confirm

For inquiries or to report lost/stolen cards please call BDO Costumer Contact Center at:
Metro Manila 631-8000
Domestic Toll-Free No. 1-800-10-631800
International Toll-Free No. (IAC)+800-8-631-800

source: the brochure I got from BDO when I got my card, fyi, I am not an employee there hah I just happen to like the people in my branch so hahaha

[ginnyweasly]

^Are you talking about plain ATM card? Of course I can't use my ATM Debit card without activating it first. What I meant on my post is that when i used my the ATM Debit Card to pay my purchase they did not ask for my PIN. They asked for my valid ID and they just swipe the card then ask me to sign charge slip just like using credit card..

[maedez]

oh sorry ) You never mentioned you did something else to authenticate you as the card owner. That should work as well but I've never tried that before. They always ask for a PIN for me

[metropolitan]

5k pesos lang ang daily limit for signature based transactions for BDO ATM debit cards.

for paypass cards, transactions worth more than 500 pesos require a PIN. less than that amount you can just tap it on the card reader.

[ginnyweasly]

^ I see. My purchase does not exceed 5K kaya signature lang siguro saka ID hiningi

[mxherr5]

^

That's also what BDO support said.

If you use your BDO card as a credit card/signature based, then
5k is the limit

If you use it like a debit card with PIN then 50k is the limit.

Very disturbing personally, makatakot kng mawala mo card mo.
In danger 5k mo hehe
Its not like a credit card... debited again sa account mo yun.

@maedez,

Pinapa balance inquiry rin ako, normally sa mga alanganin na
dates.. i.e. a few days before sahod when most people have
already used up their money hehe

[bangkeroboy21]

^Are you talking about plain ATM card? Of course I can't use my ATM Debit card without activating it first. What I meant on my post is that when i used my the ATM Debit Card to pay my purchase they did not ask for my PIN. They asked for my valid ID and they just swipe the card then ask me to sign charge slip just like using credit card..

based on my experience with my BDO ATM debit card, it varies eh, minsan signature, minsan PIN. i suppose it depends on the terminal or store.

[acero]

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[RINOABREA]

Some Tidbits on Philippine Debit/Prepaid/Loadable Cash Cards


One way of managing your finances without the use of credit cards is by getting a debit card (or prepaid card or cash card or stored value card whichever you may call it). You will be able to really have that discipline in spending your money since what you purchase depends on what you currently have saved in your card.

There are so many names for these cards but the main purpose is the same: you have to load funds to it in order for you to be able to use it, just like in the case of a prepaid phone -- you can't call/txt until you put enough funds to it.


Below are just some of the banks and companies offering different types of prepaid cards, cash cards, etc. to help you decide on which card you think would be best suited for your lifestyle. I have placed all the four cards that I currently have and made some research on the others via online and phone call inquiries.

____________________________________________________


http://psbank.com.ph/global/system.p...=1295316541792
PSBANK PREPAID MASTERCARD

• -Initial Loading of P500.00 (all consumable) and No Annual Fees
• -Reloading Fee: P10.00 per deposit transaction
• -Can be used for online purchases except in Amazon and PayPal (IMPORTANT: EVEN IF THIS CARD CAN BE USED FOR ONLINE SHOPPING, IT CAN'T BE USED FOR PAYPAL VERIFICATION at the time of this writing - Bank's disclaimer is posted online)
• -Global recognition in stores with Mastercard logo
• -Balance inquiry via ATM and online
• -receive the card on the same day of application (within 30 minutes)

http://www.rcbc.com/news_article0013.php
RCBC-MERCURY DRUG MyWallet VISA

• -P120.00 initial reloading (P100.00 of which is consumable) and P100.00 card fee upon expiry of the card (usually after three years)
• -P10.00 reloading fee for every deposit over the counter
• -Can be used as a Tap-n-Go' e-Ticket to pay for your ride at selected MRT stations
• -Doubles as a points card for all Mercury Drug purchases
• -Can be used globally at stores with VISA logos; can't be used for online shopping
• -Maintenance fee for Inactive accounts: P100.00 (no financial activity for more than 12 consecutive months)
• -Balance inquiry via landline, ATM and Bancnet online

http://www.unionbankph.com/index.php...035&Itemid=245
UNIONBANK EON Cyberaccount VISA

• -Annual Fee: P350.00
• -No charge for loading the account
• -Has a separate account number for other services like funds transfer (to and from) and Paypal withrawals
• -can be used for online shopping but via Paypal (IMPORTANT: THIS CARD CAN'T BE USED FOR DIRECT ONLINE SHOPPING, IT HAS TO BE LINKED WITH PAYPAL i.e. you make purchases via Paypal then Paypal withraws funds from your Unionbank EON Card)
• -Can be used to verify a Paypal account (just like a credit card)
• -There’s now a withdrawal fee of 10 pesos for the third and subsequent withdrawals for the month. In other words, you’re allowed only two free withdrawals for every month
• -Can be used globally at stores with VISA logos
• -Balance inquiry via ATM and online site

http://www.mybpimag.com/index.php?op...199&Itemid=239
BPI EXPRESS CASH CARD MASTERCARD

• -P150.00 card fee which is good for two years and renewable for P100.00
• -No charge for loading money
• -Minimum withdrawable amount: 500
• -Maximum withdrawable amount per day: 10,000
• -Withdrawal fee: P15.00 per withdrawal transaction
• -Valid in the Philippines only in stores with Mastercard logo; not applicable for online purchases
• -Balance inquiry via landline, mobile SMS and ATM

____________________________________________________


OTHER CARDS

https://mycashcard.com.ph/cashcard/p...shcard_faq.jsp
BDO CASH CARD

• -Annual fee: P100.00 (as of this writing)
• -No charge for reloading money over the counter at any branch
• -Choose from three types of cards based on maximum balance limits of 10,000 (generic, no name on card); 25,000 (personal, with your name on card) or commercial
• -The generic card needs to have at least one transaction within a six-month period, while the personal card is within a one year period.
• -Withdrawal through ATMs, free on BDO ATMs and with fee for other bank's ATMs
• -Can be used for purchases in the Philippines with Expressnet logos in the Philippines only; can't be used for online purchases

http://www.alliedbank.com.ph
ALLIED BANK ABC Cash Card

• -P100.00 Card Fee OR FREE for an initial load of P500.00
• -No annual fee, no loading fee, no card expiration
• -Purchases valid only in the Philippines with BancNet accredited establishments; not applicable for online purchases
• -Can be used to transfer funds to Savings Accounts and Current Accounts maintained in all Allied Bank branches or any BancNet member banks via BancNet online
• -Balance inquiry via ATM and Bancnet online

http://www.securitybank.com/personal/pbdc001a.aspx
SECURITY BANK CashCard

• -Card Fee: P50.00, No annual fee, no card expiration
• -Reloading Fee: P50.00 over the counter transaction
• -Cash withrawal over the counter fee: P100.00 per transaction, no fees for ATM withrawals
• -Banking via internet, phone and mobile (if you have an account at Security Bank)
• -Shopping applicable via BancNet accedited establishments in the Philippines; Not applicable for online purchases
• -Can do fund transfers to other Security Bank accounts or to any BancNet member bank via BancNet online (with applicable fees)
• -Dormancy fee: P200.00 per month after a certain period of inactivity

http://www.securitybank.com/personal/pbdc001b.aspx
SECURITY BANK CashCard INTERNATIONAL MASTERCARD

• -Card fee: P250.00
• -Annual fee: P250.00
• -Reloading Fee: P50.00 over the counter transaction
• -Cash withrawal over the counter fee: P100.00 per transaction, no fees for ATM withrawals
• -Global recognition in stores with Mastercard logo; Not applicable for online purchases

http://smart.com.ph/money/consumers/...s/features.htm
SMART MONEY

• -One time processing fee:P100.00, no annual fee
• -Balance inquiry via BDO, BancNet, Megalink, Expressnet ATMs: P2.50
• -Balance inquiry via ATMs with Cirrus Logo: P25.00
• -Can request for statement of account with a fee of P25.00
• -Valid worldwide at Mastercard accredited establishments
• -Loading of funds via Smart Wireless Centers, Banco De Oro branches or Smart Money Accredited Outlets, or wallet-to-wallet transfer or via mobile banking service from select partner banks or remittance from abroad (loading fees may apply for each procedure)

http://www.equicomsavings.com/produc...#card-products
EQUICOM Cash Card VISA

• -One time processing fee: P100.00; No annual fee
• -Reloading fee: P20.00 per deposit
• -Dormancy fee (starting on the 13th month): P100.00
• -Balance inquiry via mobile or internet
• -Can be used to transfer funds to Savings Accounts and Current Accounts maintained in all Equicom Savings Bank branches or any BancNet member banks via BancNet online (enrolment required)
• -Accepted worlwide at establishments with Visa logo; not applicable for online purchases

http://www.sterlingbankasia.com/Cont...?id=3&page=117
STERLING BANK OF ASIA SHOP N' PAY VISA DEBIT CARD

• -Application Fee: P150.00
• -Reloading Fee: starting at P10 depending on the amount
• -Worlwide recognition at Visa accredited establishments; not applicable for online purchases
• -ATM withrawal fee in the Philippines: Free at all Sterling Bank ATMs and P10.00 at other BancNet, Megalink, ExpressNet ATMS
• -ATM withrawal fee at PLUS logo ATMs abroad: $3.00 for successful and $1.00 for declined transactions
• -Balance inquiry via ATM: Free at all Sterling Bank ATMs, P1.00 at other BancNet, Megalink, ExpressNet ATMS and $1.00 at International ATMs
• -Can be used to transfer funds maintained in all Sterling Bank branches or any BancNet member banks via BancNet online

http://www.ussc.com.ph/CashCard.htm
USSC VISA CASH CARD

• -Card fee applies; option to receive card immediately (no name on card) or have it personalized (with name on card)
• -Loading fee applies at any USSC branch
• -Withrawal fee applies
• -Worlwide recognition at Visa accredited establishments; not applicable for online purchases
• (to be updated since their customer service is only available at a certain time)

[RINOABREA]

based on my experience with my BDO ATM debit card, it varies eh, minsan signature, minsan PIN. i suppose it depends on the terminal or store.

Here's a more logical explanation for the signature and pin discussion.

Since the BDO ATM debit card has both the Expressnet/MegaLink/BancNet and Mastercard logos, your purchasing procedures varies as well depending on the store you're buying from.

If the establishment has an Expressnet/MegaLink/BancNet Point of Sale (POS), the cashier will ask you to encode your PIN (and yes, sometimes twice and this has already been explained in one of the previous messages). You can think of it as withrawing from an ATM using your ATM card.

On the other hand, if the establishment is a Mastercard accredited store, then just like when you are purchasing using your credit cards, that would be the time the cashier will ask you to affix your signature on to the sales slip.

So you see, it all depends on the POS available for each store which is why they have different POSs for different types of cards. But in some cases, some cashiers will ask you to do both which will really make you wonder why especially when you only have an ATM card.

You can also read some info on the thread I posted about debit/prepaid/reloadable/cash cards.

http://www.pinoyexchange.com/forums/...d.php?t=518953

http://honeyganda.blogspot.com/2011/...-finances.html

Anyway, hope this helps.

[SuperOnyx]

Sometimes they would check your balance first before charging the transaction, so that in the event that a communication error occurs, they would be able to check if your account was debited or not.

There are merchants or stores that will not require a PIN depending on the situation. For example, if you use your debit card in a fine dining or full-service restaurant they will not ask you to get up and from your seat and walk to where the POS terminal is just to enter your PIN. That will be inconvenient on your part.

[RINOABREA]

UPDATE: FOR BDO Cash Card

-Can be used for purchases within the Philippines only since it's accepted at MegaLink/Expressnet/Bancnet accredited establishments ; can't be used for online purchases

[michymichymoo]

I use my debit card a lot even if I have cash with me.

Based from my experience, they either ask for my PIN or have me just sign the receipt like a credit card purchase.

[SuperOnyx]

If you have 10,000 pesos cash to spare, consider opening a secured credit card instead. A secured credit card has all the benefits of a regular credit card, such as added security, option to purchase in installment, rewards/discounts/freebies, etc., and the most important of all, the opportunity to start building your own credit history. A debit card does not have any of these, and more. For further reading: Advantage of Credit.

Now, while a secured credit card has all the purchasing power of a regular credit card, it does not have the high risk of getting you into debt. This is simply because it is a "secured" account. If you default on your account, the bank will simply forfeit your security deposit. In essence, with a secured credit card you will only be using money which you already have.

To learn more about secured credit cards, visit the Secured Credit Cards thread.

[kimerran]

I use my debit card a lot even if I have cash with me.

Based from my experience, they either ask for my PIN or have me just sign the receipt like a credit card purchase.

same here. lalo na pag mahaba pila sa ATM.
mas ok gumamit ng debit card.

I use BPI's EPS. debit card yun diba?

[michymichymoo]

^Tomo! Nakakalimutan ko din kasi minsan magwithdraw Or minsan may sudden purchase ako pero kelangan ko ng cash sa ibang occasions.

Yep, debit card yun.