Debit MasterCard

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The Debit MasterCard is a type of debit card in the United Kingdom, Australia and the United States. It uses the same systems as the standard MasterCard credit card, but does not use a line of credit to the customer as it is a debit card. It instead relies on funds that the customer has in their bank account.

A Citizens Bank Debit MasterCard


[edit] United Kingdom

In the United Kingdom, the Debit MasterCard operates alongside MasterCard's already-established Maestro debit card scheme.

Clydesdale Bank, also trading as Yorkshire Bank[1], as well as Metro Bank[2] and Ghana International Bank UK[3], have begun to issue Debit MasterCards to their customers.

Prior to the Debit MasterCard, Maestro debit cards were the only debit cards provided by MasterCard, which were not accepted as widely worldwide, unlike the Debit MasterCard which is accepted worldwide wherever MasterCard is accepted. The Maestro scheme is still in place as an alternative to the Debit MasterCard, operated by S2 Card Services Ltd. under licence from MasterCard.

[edit] Australia

In Australia, the Debit MasterCard is as a competitor to the Visa Debit cards provided by Visa Inc..[4]

The Debit MasterCard was first launched in Australia by Westpac in 2006[5] as an alternative card for the banks Cirrus cardholders. In 2010, the following financial institutions in Australia offered a Debit MasterCard as an option on selected accounts:

The Commonwealth Bank is notable for being the only bank in Australia to issue a Debit MasterCard to any account holder aged 16 and older[11], whereas other institutions require cardholders to be aged 18 or older.

[edit] United States

In the United States, unlike Australia and the United Kingdom, four levels of Debit MasterCard are available: Standard, Gold, Platinum and World. [12]

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