The debit card is the most convenient and secure way to spend money. At Banana Coast the cards are linked directly to your savings account so you spend your own money with no interest charges. These cards are backed by VISA giving you worldwide acceptance and top quality security.
The BCU Visa Debit Card can solve a lot of your financial problems. Many people want to use a credit card for convenience but worry about the high cost of owning one. It is easy to understand why so many Australians use credit cards. They are easier to keep track of then cash and usually are secure in cases of loss or theft. This is not true with cash, if you lose it there is no way to replace it or stop a thief from spending it.
In addition, we live in a global economy. We all purchase things online and most of us travel outside of Australia. Because of this we need a form of payment that can be used any where and at any time. Credit cards are the perfect answer to these problems, but they can cost a lot of money. Most card have an annual fee as well as interest charges that can make spending awfully costly. They are a loan, which means you can spend money that you do not necessarily have, which leads a lot of people to wind up deep in debt. But, a debit card allows you to spend your own money so there is no risk of running into debt.
Banana Coast Community Credit Union has a debit card that is backed by VISA but linked to your savings account. This card can be used to make all sorts of financial transactions. If you need cash you can go to any ATM and withdraw it directly from your account. When you use the Banana Coast ATMs located in and around Queensland there is no charge for the service. If you use an ATM not connected with the Banana Coast network you can still get cash from your own account for a small fee. Because the card carries the VISA logo you can use it anywhere in the nearly 30 million worldwide outlets that accept VISA. Your debit card can be used at foreign outlets, with all of the work of translating your currency done for you by VISA. Of course, you can also use your card online to make purchases from virtually every website.
A debit card is truly the best of both worlds. You get security, in this case backed by the VISA “zero liability guarantee” so you never have to worry about being responsible for fraudulent charges. You get convenience of only having to carry a credit card and knowing that you can use it all over the world. Most of all you reduce the risk of running into debt and completely negate any cost of interest fees. You spend your own money, but still get the value of VISA.
