Check Card Guidelines
Even though check cards (or debit cards) are widely used, you may be unfamiliar with them. They look like credit cards or ATM cards, but can function in two ways - like an ATM card for immediate withdrawals of cash from an account, or like cash or personal checks when buying something.
When you use a check card for a purchase, the money is taken from the checking or savings account that the check card is linked to. Money for check card transactions is immediately or quickly deducted from your account, depending upon how quickly the merchant electronically posts the transaction.
Advantages of a check card
- Easy to obtain. Since you are not applying for credit, once you open an account, you typically qualify for a Starion Financial cash and check card.
- Safety. You don't have to carry cash or a checkbook.
- Readily accepted. When out of town or the country, check cards are more widely accepted than an out-of-town check.
- Guard your check card against loss or theft. Keep it in a safe place just like cash, credit cards or checks.
- If you lose your check card, notify Starion Financial immediately. We may issue you a new check card or close your account and open a new one.
- Choose a Personal Identification Number (PIN) that only you know. Don't use your phone number or birthday.
- Guard your PIN. Memorize it and never write it on your card.
- Keep receipts from all your check card transactions.
- Review your statements immediately and investigate any unknown transactions.