5 Reasons You Should Have A Debit Card

ome of the essential items in a wallet may include: business cards, ID card, driver’s license, and a debit card. If your wallet is without a debit card, there’s a gaping hole that needs to be filled.

Make Purchases Without Cash
With a debit card in your wallet, you can finally be cash-lite. Just go into any store and pay for items with your debit card by POS. When in need of cash, you don’t have to make a trip to the bank, simply go to the nearest ATM and withdraw the exact amount of money you need.

Shop Online With Your Debit Card
Debit cards can also be used to make purchases online. To buy something this way, just provide the card details. Please make sure the payment portal is secure- secure websites use https://www not http://www.

It Prevents Debt
Using your debit card keeps your expenditure within budget because you are limited to spending the amount of money you have in the associated account. This prevents you from accumulating debt and you don’t get charged for using a debit card.

Convenient To Use Your Card Abroad
You can also use your debit card outside the country abroad. Get free of the hassle of changing currency before travelling. Simply travel with your debit card and use it to make payments. You will not be charged for all electronic payments but cash withdrawals do attract a N240 charge per withdrawal.

Protection
Debit cards offer protection for your money. If your debit card is stolen, your money is still safe in the bank because the thief cannot assess your money without your PIN. All you need to do is to call to cancel your card and order a new one from your bank.

There you have it. Five good reasons why your next move should be to visit the nearest Stanbic IBTC Bank to you (we are your bank, right?) and get your debit card.

source:blog.standardbank.com