What are External Debit Cards?

External Debit Cards: What are They and How Do They Work?

External debit cards are a type of card that allows users to make purchases and withdraw cash from ATMs, just like a regular debit card. However,external debit cardsdiffer from traditional debit cards in that they are not linked to a bank account. Instead, they are linked to an external account, such as a PayPal or Google Wallet account.

How Do External Debit Cards Work?

When you use an external debit card to make a purchase or withdraw cash, the funds are deducted from your external account balance. This means that you need to have funds in your external account in order to use your external debit card. If you do not have enough funds in your external account, you will not be able to make the purchase or withdrawal.

One of the benefits of using an external debit card is that you can keep your bank account information private. Since the card is not linked to your bank account, you do not need to provide your bank account information to merchants or other parties.

Another benefit of external debit cards is that they can be used for online purchases. Many online merchants accept external debit cards as a form of payment, making them a convenient option foronline shopping.

Applying for an External Debit Card

To apply for an external debit card, you will need to have an external account, such as a PayPal or Google Wallet account. Once you have an external account, you can apply for an external debit card through the provider's website or mobile app.

When applying for an external debit card, you will need to provide personal information, such as your name, address, and date of birth. You may also need to provide proof of identity, such as a driver's license or passport.

Once your application is approved, you will receive your external debit card in the mail. You can then activate your card and start using it to make purchases and withdraw cash.

Tips for Using External Debit Cards

When using an external debit card, it is important to keep track of your account balance. Since the card is not linked to a bank account, you need to make sure you have enough funds in your external account to cover your purchases and withdrawals.

It is also important to monitor your account for any unauthorized transactions. While external debit cards offer some protection against fraud, it is still possible for someone to use your card without your permission.

Finally, it is a good idea to compare different external debit card providers to find the best one for your needs. Look for a provider that offers competitive fees and a user-friendly interface.

Conclusion

External debit cards are a convenient alternative to traditional debit cards, allowing users to make purchases and withdraw cash without linking to a bank account. However, it is important to keep track of your account balance and monitor your account for any unauthorized transactions. By following these tips, you can make the most of your external debit card and enjoy theconvenienceit offers.