You are hit with a €2.50 ATM govt duty anyways.
They are issuing them now for all accounts as the old system they had is no longer compatible with SEPA.
Cut up the card if you don't want it.
Because the vast majority of people want a card, it is actually easier for their automated system to issue you a card rather than create an exception for the small number of customers who do not want one. Of course this does have the added advantage for them that you might be tempted to use it if they issue it.
UB will issue a dummy card that only works in the card reader if you want that instead of a debit card.Certain banks, such as Ulster Bank, issue you with a card as it is required for security verification in conjunction with a card reader when doing certain things online. The card has three functions, ATM, Debit Card and ID verification. If, during the year, you make an even one ATM withdrawal you will be liable to pay 2.50 stamp duty. If you also use the card even once for POS or online purchase you will be liable for a further 2.50. If however you only use the card in conjunction with your card reader you will not be charged any stamp duty.
http://www.revenue.ie/en/tax/stamp-duty/leaflets/stamp-duty-financial-cards.html
Because the vast majority of people want a card, it is actually easier for their automated system to issue you a card rather than create an exception for the small number of customers who do not want one. Of course this does have the added advantage for them that you might be tempted to use it if they issue it.
Banks would rather people use debit cards to reduce the need for physical cash, but yet want people to pay for each transaction (most of which are small)- whereas withdrawing a weeks worth of cash is one transaction fee for people.
Laser and other "national only" payment sytsems (like the German "girocard") are NOT SEPA compatible because Laser (for example) won't work at POS terminals in say, Germany.The banking/ATM system is compatible with SEPA...I dont know why you think its not? Visa debit cards are nothing to do with SEPA
In Germany cash is still king but even here you can see the transition taking place as more supermarkets are taking credit cards (not just debit cards) and cashback has appeared now at a few supermarkets (obviously also trying to reduce the amount of cash held in the safe).Yes but the day will come and I expect it is not too far away, when you will be discouraged from making cash payments!
In the past six months here in Switzerland I've seen a big change over to card transactions - the major newsagent chain here has concluded that it is actually cheaper for them - less cash on the premises, lower insurance costs and better controls of sales means that cash does not disappear...
In Germany cash is still king but even here you can see the transition taking place as more supermarkets are taking credit cards (not just debit cards) and cashback has appeared now at a few supermarkets (obviously also trying to reduce the amount of cash held in the safe).
Had to renew my Ulster Bank Visa Debit card which was marked as a 'service card' but did everthing I wanted, atm, pos, internet shopping.
On the new Visa debit card they have dropped the 'service card' and it now says in it's place, 'debit card'
Haven't a clue what this 'service card' was all about, meantime they still list on their web site a Visa type 'cashcard' only available on savings account.
The only difference is that Service Card had cheque guarantee functionality, debit card does not. Cheque guarantee has been withdrawn, which is why your card has changed
Yes I think this Paypass type of thing is available on smartphones too.
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