ebs debit card
- Thread starter Alex
- Start date
What is the benefit of a Debit card from Visa or Mastercard over a Laser/ATM card issued by NIB, for example?
Slim
Of course! Thanks. Slim
DublinTexas
can edit posts
- Messages
- 326
It also seams they are very cheap for foreign usage as cash withdraws are 1% of the amount of the withdrawal (minimum €1.91, maximum €6.00) and purchases 1% of the amount of the transaction (minimum €0.30, maximum €6.00).
That compares extremly good with Ulster Bank which charges 2% of transaction amount (min € 3, max € 12) plus an Exchange Rate Transaction Fee of 1.5% of transaction amount for ATM usage and 1% of transaction amount (min € 0.25, max € 6) plus 1% of transaction amount
(min € 0.25, max € 6).
EBS saves massive on ATM and still 1% (max € 6) on purchases as there does not seam to be Exchange Rate Transaction Fee.
Comparing the Mastercard Exchange rate (yesterdays date) gives me 0.688279 € per $ and Visa gives me 0.691192 € per $ so even with the base rate difference it might still be cheaper to use the EBS card outside the Euro Zone.
So an interesting alternative, thanks OP.
That compares extremly good with Ulster Bank which charges 2% of transaction amount (min € 3, max € 12) plus an Exchange Rate Transaction Fee of 1.5% of transaction amount for ATM usage and 1% of transaction amount (min € 0.25, max € 6) plus 1% of transaction amount
(min € 0.25, max € 6).
EBS saves massive on ATM and still 1% (max € 6) on purchases as there does not seam to be Exchange Rate Transaction Fee.
Comparing the Mastercard Exchange rate (yesterdays date) gives me 0.688279 € per $ and Visa gives me 0.691192 € per $ so even with the base rate difference it might still be cheaper to use the EBS card outside the Euro Zone.
So an interesting alternative, thanks OP.
Willy Fogg
Registered User
- Messages
- 186
Aldi & Lidl will be able to accept it when they do an update, just the same as when Halifax/Ulster etc rolled out Visa Debit. It took them a while, but they got there.
I'm sure Mastercard offered EBS a deal, which is why they went for Mastercard Debit instead.
AIB are supposed to be rolling out Visa Debit eventually, but who knows - that could change.
Willy Fogg
Registered User
- Messages
- 186
No. It's a Debit Mastercard. This is not the same as a prepaid Mastercard (which is what Ryanair offer as a fee-free payment option)
the following info is about ebs debit card/moneymanager account.so has anyone noticed the cons of the new card. firstly if you dont want to change from an ebs yes card to the new debit card you will have to close your moneymanager account. if you take no action you will be deemed to accept the new t&c. the new t&c will have charges which were free before, cheque withdrawal 1.27euro, atm withdrawal 30cent. cash withdrawal in branch 30cent. it needs to be made clear about the conditions when these transactions are allowed without charge. as stated if you maintain 500euro in your account for the month, there should be no charge, or if you lodge 1,500euro for the month ,the first 5 transactions are freeonce they are euro transactions. some people may have an instant access account with a yes card,and i dont know how these will be affected.but if the account is after 1999 they have no free direct debit facility.
Last edited:
how would you interpet the t&c rule on page 6 ,which is no.63 ,concerning not being liable for fees once you keep your account in credit over 500euros.the rule says ;if you ;63.1 maintain 500euro for the month or 63.2 make lodgements of not less than 1500euro during a month,then the first 5 transactions are free. the way i read it is,if you keep over 500euro in the account all your cash/cheque/atm transactions are free, or if this is not the case and you lodge 1500 euros a month to your account,then you get5 free transactions. would anyone agree/disagree, with this.
I can't see how your getting ALL the stated transactions are free, it only says the first 5 are free pm if the above terms are met.
A lot of ppl won't be keeping a check on this and will incur charges.
the important word is or and there are 2 subsections in rule 63 thats 63.1 and 63.2 . the rule is 63.1 or 63,2. it may be easier for you with a hardcopy,because even the ebs web page is misleading.i have just mailed them and will be on to the ombudsman if unsatisfied with the answer.
DublinTexas
can edit posts
- Messages
- 326