Rising rates and soaring credit-card fees mean many are switching to debit cards. But there are risks to using debit cards as well.For more information on managing your largest investment, check out Gerri Willis' 'Home Rich,' now in bookstores.NEW YORK (CNN) -- Out: credit cards. In: debit cards. As more and more Americans shun traditional credit cards, they're turning to debit cards. But you should...
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credit cards. In: debit cards. As more and more Americans shun traditional credit cards, they're turning to debit cards. But you should know there are downsides to debit cards too....
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Oct. 16, 2009 file photo, customers use ATMs at a Bank of America branch office, Friday, Oct 16, 2009 in Boston. The Federal Reserve has issued a new rule that will prohibit banks from charging overdraft fees on ATM and debit card transactions unless a customer allows it. The new rule will take effect July 1, 2009. (AP Photo/Lisa Poole, file) (The Associated Press)The Federal Reserve on Thursday banned...
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Union Bank of India today sealed a deal with global payments company Mastercard and said it is hopeful of issuing over 15 lakh debit cards by the end of this financial year. "The bank has a target of issuing over 1.5 million (15 lakh) debit cards with MasterCard logo by March 2010. We aim to focus more on the rural merchant-clients with this tie-up," Union Bank general manager transaction banking Pravin...
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State-owned Union Bank of India (UBI) today sealed a deal with global payments company MasterCard and said it is hopeful of issuing over 15 lakh debit cards by the end of this financial year."The bank has a target of issuing over 1.5 million (15 lakh) debit cards with MasterCard logo by March 2010. We aim to focus more on the rural merchant-clients with this tie-up," Union Bank General Manager Transaction...
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