In message Hatunen
wrote:
>Well before Visa and Mastercard came out with their debit cards
>ATM cards were sometimes called debit cards, but most people
>called them "ATM cards". But they remain debit cards, even if the
>Visa/Mastercard have sort of taken over the term, presumably to
>distinguish them from their credit cards.
Sure -- But the point is that ATM cards and debit cards are not the same
thing, it just so happens that most full service banks issue cards which
do both.
The different is subtle, but sometimes important. It's also common (in
Canada, anyway) to have the ATM and debit daily limits set differently.
My g/f's kids can only withdraw $20/day in cash (well, actually $22, to
cover fees), or $100/day in debit transactions.
In the US it's common for the visa/mastercard carrying logo to be on the
same card too, which further confuses things, especially when you hve a
card which only has one or two of the three profiles, and the clerk is
too stupid to press the "Debit" button and insists on using "Credit" on
a ATM/debit-only card.
--
We know America is a great nation! Where else could a poor black boy
be born in utter poverty and end up a rich white man?
Only in America! |