A plastic debit bank card is your wallet, the amount of funds in which is initially equal to the one that you deposited into your bank account when you opened it. Usually, your company's accounting department draws up a debit card for you, if the salary of its employees is transferred directly to bank cards. But you can also get yourself a debit card in the bank where you want.
What is a debit card
When you decide to issue yourself a debit card yourself, for this you need to open an account with the bank that you have chosen. You can deposit a large amount of money into this account once, which you will then use at your own discretion and withdraw funds from it both in non-cash form, paying for goods and services, and in cash. In the event that you regularly receive small amounts of money as help from your parents or, for example, wages while working remotely, you can deposit a small amount into your account, which will subsequently be constantly replenished. The amount that will be immediately credited to your account does not matter.
Together with the application for opening an account, you will fill out an application for a debit card. This is a personalized card, the secret pin-code of which only you will know. Using it, you can make non-cash purchases without any commissions, pay for utilities, and also withdraw money from ATMs of the bank that owns it. For using ATMs of other banks, if they are not part of your bank's friendly network, you will be charged a commission.
A friendly ATM network is the ability to withdraw money from other ATMs on the same terms as provided by the issuing bank.
Which bank to choose
Many people prefer Sberbank debit cards only because their ATM network is the most extensive and you won't have any problems if you want to withdraw cash quickly. But a plastic debit card issued in the same bank where the company where you work is serviced also has its advantages. You do not have to wait 2-3 days for the money transferred by your accounting department as salary to be credited to your account, the card will be replenished on the same da
The balance on the account that is linked to the debit card must always be positive. You will not be able to withdraw more money from it than is on the balance sheet.
You should also bear in mind that some banks may offer such a good opportunity as a separate deposit account, where you can put money for safekeeping and the bank will charge interest on them. Pay attention to what is the cost of issuing a card, how much you have to pay for annual service and how much for issuing cash at ATMs of other payment systems and banks. Check how developed the ATM network of this or that bank is, whether it will be convenient for you to use it. Compare the terms that several banks offer and choose the one where your money will be good.
