International debit card is a valid debit card which can be used worldwide. The international debit card can be accessed in any ATM or terminal across majority of the countries. The international debit card can have a Visa or a Mastercard logo embossed on it.
When an individual applies for an international debit card, it is taken for granted that one is expected to abide by the rules of international debit card issuing bank.
An international debit card is linked to an account which is called the primary account. The primary account is the account from where all cash withdrawals, deduction after purchases, annual fees, charges etc., are carried out when one uses the international debit card.
Prior to using the international debit card one ought to keep in mind the certain points.
These points are to be abided by the holder of the international debit card. These points are summarized as follows:
- In the event when an international debit card is issued, before one starts using it the international debit card has to be activated at an ATM(Automated Teller Machine).
- The PIN issued along with the international debit card should be known only to the card holder and no retailer, merchant, or bank staff should be aware of the international debit card PIN.
The
international debit card has certain features listed below:
ATM usage:
the card holder can withdraw money only for a limited number of times as assigned by the bank within a period of 24 hours.
balance enquiry
generating statements
changing PIN.
PIN change:
the international debit card holder should immediately change the PIN after activating the international debit card for the first time.
Bank Tie ups:
- the issuing bank of the international debit card has the liberty to tie up with others agencies or financial institutions to provide better services to the cardholders. But in an event of any dispute(services not being upto the mark, usefulness, efficiency) the international debit card holder is required to sort out matters directly with the retailer or the merchant.
Foreign Exchange:
A certain limitation is imposed with regard to the foreign exchange a card holder is entitled to. Under no circumstances an international debit card holder can exceed the limit. Any foreign currency a card holder uses will attract a charge.
- The international debit card is also said to be valid provided the card holder has cleared all dues pertaining to the card.
- The charges deducted for usage of the international debit card in a foreign country will be debited from the account of the card holder in the home currency.