Check cards are a convenient way of paying for
everyday items because they can help consumers manage their money
better. Here are eight things check card users should do to get
the most out of their cards:
Keep receipts and note debits in checking register.
Check account balance frequently either online or through the bank to avoid overdraft.
of bank overdraft
policies and fees. Customers can decline
the bank's "convenience" coverage for overdraft,
which could cost high fees if they overdraw the
accounts. Instead, sign up for overdraft protection
that is covered by a savings account.
Most check cards now have "zero liability" protection that exceeds what the federal laws call for, so security is a lesser issue. Still, consumers should check with their banks to see how debit transactions are processed. Only those going through the Discover, MasterCard or Visa networks may be covered by zero liability.
PIN transactions are more secure than signature transactions, although most don't qualify for reward points.
consumers pay off their credit card balances each
month, they're better off using a credit
card with rewards for purchases than a debit card
or check card.
Find out what the bank's daily limit for usage is for your checking account.
If a cardholder's balance is low, it's best not to use debit for purchases such as gas, where a hold of at least $50 will be placed on the card.