International Debit Cards

VISA Electron and Europay Maestro are from a range of international debit cards that allow you to make purchases in shops, withdraw cash from ATM's anywhere in the world. You decide the limit as they are linked to your bank account and dependent on the funds available. The major advantages - these cards are not costly to run and quite versatile.

Benefits

• No references required;
• No credit check or income verification;
• Cards' transactions are not reported to credit bureaus;
• Existence and details of card account activities are not disclosed;
• Funds can be wired to the card via SWIFT or other wire transfer facility;
• Funds can be accessed from anywhere in the world (over 500,000 ATM's and 4,400,000 retail outlets).

Requirements

Personal Debit Card

• Notarized copy of currently valid passport or driver' license.

Corporate Debit Card

• Notarized copy or original of Certificate of Registration;
• Notarized copy or original of Statutes (Memorandum, Articles, By-Laws);
• Notarized copy or original of Power of Attorney (if not nominated in Statutes);
• Notarized copy of currently valid passport or driver' license of the account officer.

Fees

• Cash withdrawal 1.5%
• Purchase Commission 0.5%
• Credit interest rate (p.a.) 28%

Visa Electron

Part of Visa’s debit program, Visa Electron is a fully authorized debit card that allows for ATM withdrawals, POS (point of sale) purchases and online electronic payments. Visa Electron cardholders can make purchases at over 8 million electronic merchant locations and access cash through the Visa’s Global ATM network at more than 700,000 ATMs in more than 130 countries.

Each transaction must be authorized, enabled by either a signature or unique PIN code. With this authorization requirement, Electron is ideal for customers with newer, less proven banking relationships or for those markets where 100% authorization is required. Acceptance in mail-order or Internet transactions can be also supported at Issuer discretion.

Features

• Allows cardholders to make purchases at 8 million electronic merchant locations worldwide and to access cash through the Visa Global ATM network
• Allows newer customers, with less proven banking relationships, access to a debit product
• Gives the cardholder a valuable financial management tool for monitoring funds on deposit
• Offers convenience and safety through the most trusted and reliable consumer payment brand in the world
• Gives cardholders access to foreign currency at favorable exchange rates at ATMs around the world

Europay Maestro

Europay is an international debit card linked to your bank account and accessible through the Master Card/Maestro network. Like the Maestro, it is a PIN-based, global, direct cash access card. It allows cardholders to access to more than 5 million terminals worldwide.

When you carry Maestro, you'll find card acceptance and cash access at merchants and ATMs in more than 81 countries around the globe. You can also retrieve your cash in the local currency or use your card to pay with the highest level of convenience and security, backed by MasterCard/Europay.

Features

• A convenient card for shopping and ATMs.
• Access to your own funds, without the need for cash and checks.
• No check-approval process.
• A more secure alternative to carrying a lot of cash. Some merchants offer cash-back option on purchases.
• PIN-based, private access. You can keep your privacy and reduce the risk of fraud. In some markets, such as France and the United Kingdom, you will be asked to sign your name on the receipt instead of using a PIN.
• An easy way to track spending. You get a receipt when you pay and a detailed listing of every purchase on your monthly deposit account statement (including date, time, place, and amount).
• You can shop everywhere you see the Maestro acceptance decal, from supermarkets to petrol stations to pharmacies, and some websites.
• Favorable exchange rates when making purchases or getting cash abroad.