BANKING AFFAIRS

Detailed explanation-1: -Yes, you can transfer money using a debit card online to other bank account via the mobile banking app, or the NetBanking portal.

Detailed explanation-2: -Once a Direct Debit is set up, it tends to have a longer retention rate as payments won’t be interrupted when payment cards expire, change or are cancelled. Direct Debit reduces the chance of late or failed payments and avoids the higher transaction costs associated with card payments.

Detailed explanation-3: -Debit cards take money out of your checking account immediately. Debit cards let you get cash quickly. You can use your debit card at an automated teller machine, or ATM, to get money from your checking account. You also can get cash back when you use a debit card to buy something at a store.