Features of Univest's MasterMoney® Debit Card
Univest is proud to offer its customers the MasterMoney® Debit Card for point-of-sale transactions. This debit card is offered free of charge in conjunction with the Anytime Online Checking account to provide you with convenient and secure access to your funds for payments to vendors who accept the MasterMoney® brand of debit card. The MasterMoney® Debit Card offers the following features...
- MasterCard® logo
- Funds are immediately deducted from your checking account when used.
- Transactions are itemized on your monthly bank statement.
- Courtesy overdraft protection may be automatically accessed through your MasterMoney® Debit Card.
- Provides access to cash at ATM's from your Anytime Online Checking account or your Anytime Online Savings account.
- $500 maximum for cash withdrawals at ATM's or with cash-back purchases
- $2,500 maximum for point-of-sale purchases
Benefits of Bank Debit Cards
Bank debit cards such as the MasterMoney® Debit Card offer the following benefits...
- Improved safety compared to carrying large amounts of cash
- Provides recourse for unauthorized or fraudulent transactions
- Convenient way to access your account for purchases completed in-person or online
Debit Card vs. Credit Card - What's The Difference?
People often struggle with the 'debit card vs. credit card' dilemma when deciding what type of payment card to use. Here is what you need to know when deciding whether to use a debit card or a credit card.
- Debit cards are directly tied to a checking account that you own. Transactions made with a debit card are immediately posted against that checking account.
- Credit cards are a type of loan product. You charge items against the credit card up to a certain maximum amount. You are required to make a payment against that balance on a regular basis, usually monthly.
Debit Card Fees
Univest charges no monthly debit card fees to possess or use the MasterMoney® Debit Card. Most fees associated with the usage of the MasterMoney® Debit Card come from the courtesy overdraft protection service being used when a transaction is done for which there is insufficient funds in the checking account to cover the purchase.
Debit Card Problems - Debit Card Protection - Your Debit Card Number
Most debit card problems originate from improper checking account management, loss of the card, and/or fraud. Be sure to manage your account well by keeping track of all debits made against your Univest checking account. Good account management avoids overdraft fees. Debit card protection by you the customer is of the utmost importance. Keep your plastic debit card safe and secure at all times. You should never give another person your debit card number, your debit card's personal identification number (PIN), or allow someone to use your debit card. If you encounter a problem with your debit card or have any questions regarding your debit card, you should always call Univest Customer Service for assistance.
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