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The characteristics of a debit payment card is similar to a traditional bank issued credit card with the main distinction being how the funds are retrieved from the card holder. Unlike a regular credit card, debit cards do not carry a line of credit which means that the total amount of the purchase is immediately taken from the card holders account once the transaction is verified.
Why Use a Bancom Debit Card
Debit payment cards are quite useful for controlling expenses or limiting the amount of money being spent for a particular product or service. Bancom’s debit cards are unique in that they cannot be overdrawn under any circumstances, despite being linked to your Bancom Payment Account. You can only use the exact amount loaded onto the card and if more is needed, you must login to view your account to top it up.
With a Bancom Debit Card, you have full control of your money 24 hours a day via a highly secured, money management dashboard. Login to your account and easily instantly transfer funds to and from debit or virtual cards and main payment account.
Debit payment cards are quite useful for controlling expenses or limiting the amount of money being spent for a particular product or service. Bancom’s debit cards are unique in that they cannot be overdrawn under any circumstances, despite being linked to your Bancom Payment Account.
Use only the exact amount loaded onto the card and if more is needed, you must login to view your account to top it up again.