Tuesday, July 12, 2011

In Australia, the Debit MasterCard is an opponent to the Visa Debit card offered by Visa Inc.
The Debit MasterCard was first instigated in Australia by Westpac in 2006. In 2010, the subsequent monetary organizations started putting forward a MasterCard Debit card as an alternative on special accounts:

  •          Westpac
  •          Commonwealth Bank
  •          BankWest
  •         CommSec
  •         Bendigo Bank

The Commonwealth Bank is distinguished for being the single bank in Australia to issue a Debit MasterCard to any bank account holder aged 16 and older, while other associations want cardholders to be aged 18 or more than that.

A CommSec Debit MasterCard is issued and mailed to your selected address in 48 hours of receiving your application. Your PIN is send to you independently and you are able to obtain this in approximately 24 to 48 hours of getting your card.

A CommSec Debit Card offers fee-free access to finances in your Cash Account through all Commonwealth Bank ATMs in Australia. Just keep in mind to push the ‘credit’ button while requesting your cash extraction. You can moreover exercise it to make acquisitions all over the world, online or over the phone, everywhere the MasterCard logo is put on view (charges might apply).
You can also make an over-the-counter extraction from your CCA, by means of your CommSec Debit MasterCard at every financial organization in Australia that shows the MasterCard scheme logo. This incurs a $2 extraction charge.

If you do not previously have a CommSec Debit MasterCard, then you can apply for one by downloading a form from Tools & Support > Forms & Downloads > Cash Management Tab > CommSec Debit MasterCard application form. There is no cheque book facility connected with any CommSec Cash administration accounts.

If you misplace your card, or it's stolen, both in Australia or out of the country, it can be issued to you with a substitute one, an emergency one or emergency cash, charges applied.

Lastly, CommSec Cash Management products are free of charge to arrange and incur no monthly account maintenance charges. Online electronic transactions, nonstop debits and CBA ATM cash extractions are complimentary, too.

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