In the fast-paced world of personal finance, debit cards have become an essential tool for most people. “Spanish people are clear: to pay by card they choose the debit card,” confirm the experts of the financial comparator HelpMyCash.com
And according to the latest edition of Mastercard's Card Usage Barometer for Individuals, 81% of consumers use it to make their regular purchases. “Its proper use is crucial to avoid unpleasant surprises in the form of unnecessary commissions,” they maintain from the comparator.
In this sense, HelpMyCash has shared the golden rule to use the debit card correctly and maximize its usefulness.
“Don't settle for a card that charges you fees for using it,” they say from HelpMyCash. If they charge a fee to withdraw cash or the limit for it to be a free transaction is very high, it is best to choose another account that has a linked debit card that meets your needs and that does not charge you a single cent for carrying out basic operations. .
There are entities in Spain that offer free debit cards, for example, Banco Santander with its Online Account, offers a fee-free card that allows you to withdraw money for free at all of the entity's ATMs in the world. Openbank, Banco Santander's digital bank, offers a free debit card linked to the Open Current Account and that can be used at the red bank's ATMs.
Another of the big ones, BBVA, also offers this product for free. The Aqua Debit Card has no cost with the Online Account. ING is another of the banks that still offers this product, it is linked to the NoCuenta Account, but in this case only if it is digital, if the client wants it physically they will have to make a payment.
N26 and Revolut also offer a totally free debit card, which allows you to withdraw money from any ATM and are recognized for having the best interbank exchange rate.
Closing the list is the Banco Mediolanum visa debit card. Clients of Banco Mediolanum's Evolution Account will have access to this card, which, as it is a visa, has wide acceptance and coverage throughout the world. The account, for its part, has no maintenance fees and has a profitability of 1.40% APR up to 10,000 euros and returns 1% of all receipts with a bonus of up to 10 euros per month. Of course, you must meet certain requirements, such as: direct debit at least three monthly receipts, keep 25,000 euros invested in a bank product, and be part of the Mediolanum A Tu Medida program.
“Unlike a credit card, your debit card doesn't give you a loan; It's your real, hard-earned money. Every expense you make with it affects your bank balance directly,” they say from HelpMyCash. With this perspective in mind, it is important to value and take care of the use you give it. Experts recommend keeping detailed records of all transactions to monitor commission charges and keep track of your available balance. A simple registration can help avoid unwanted expenses.
“Maintain constant control of your personal finances and make informed decisions to ensure solid and secure financial management,” they conclude.
