Debit Mastercard is a brand of
debit card
A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term '' plastic card'' includes the above and as an identity document. These are similar to a credit card, but u ...
s provided by
Mastercard. They use the same systems as standard Mastercard credit cards but they do not use a
line of credit
A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A line of credit takes se ...
to the customer, instead relying on funds that the customer has in their
bank account
A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type o ...
.
Algeria
Several banks offer Credit and Debit Mastercard in Algeria (Algeria Gulf Bank, Banque de Développement Local, Crédit Populaire Agricole).
Argentina
In 2011,
Banco de Córdoba started offering Debit Mastercard to its clients, as a direct competitor to the
Visa Débito card. However, this would not be a direct replacement of all Maestro cards in the Argentine market, since it will be analyzed with each bank.
Australia
In
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
, the Debit Mastercard is the main competitor to the
Visa Debit
Visa Debit is a major brand of debit card issued by Visa in many countries around the world. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Debit ...
cards provided by
Visa Inc.
Visa Inc. (; stylized as ''VISA'') is an American multinational financial services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded cred ...
The Debit Mastercard was first launched in Australia by
Westpac
Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales.
Established in 1817 as the Bank of New South Wales, it ...
in 2006 as an alternative card for the bank's
Cirrus
Cirrus may refer to:
Science
*Cirrus (biology), any of various thin, thread-like structures on the body of an animal
*Cirrus (botany), a tendril
*Infrared cirrus, in astronomy, filamentary structures seen in infrared light
*Cirrus cloud, a type ...
cardholders.
The
Commonwealth Bank
The Commonwealth Bank of Australia (CBA), or CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom. It provides a variety of financial services including retail, busines ...
,
ME Bank and
Westpac
Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales.
Established in 1817 as the Bank of New South Wales, it ...
are notable for being the only banks in Australia to issue a Debit Mastercard to any account holder aged 16 years and older, whereas other institutions require cardholders to be age 18 or older. Notably,
Bendigo Bank
Bendigo and Adelaide Bank is an Australian financial institution, operating primarily in retail banking. The company was formed by the merger of Bendigo Bank and Adelaide Bank in November 2007.
Before the merger, Bendigo Bank delivered its pr ...
offers a debit MasterCard for students aged 12 years and over.
Baltic states
Swedbank
Swedbank AB () is a Nordic-Baltic banking group based in Stockholm, Sweden, offering retail banking, asset management, financial, and other services. In 2019 Swedbank had 900,000 private and 130,000 corporate clients and a 60% market share of ...
has offered Debit Mastercard in
Estonia
Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, a ...
since 2011,
Latvia
Latvia ( or ; lv, Latvija ; ltg, Latveja; liv, Leţmō), officially the Republic of Latvia ( lv, Latvijas Republika, links=no, ltg, Latvejas Republika, links=no, liv, Leţmō Vabāmō, links=no), is a country in the Baltic region of ...
and
Lithuania
Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania ...
since 2012.
Nordea
Nordea Bank Abp, commonly referred to as Nordea, is a European financial services group operating in northern Europe and based in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive m ...
has offered Debit Mastercard in
Latvia
Latvia ( or ; lv, Latvija ; ltg, Latveja; liv, Leţmō), officially the Republic of Latvia ( lv, Latvijas Republika, links=no, ltg, Latvejas Republika, links=no, liv, Leţmō Vabāmō, links=no), is a country in the Baltic region of ...
since 2016.
SEB has offered Debit Mastercard and
Visa Debit
Visa Debit is a major brand of debit card issued by Visa in many countries around the world. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Debit ...
for years equally in the Baltic states, but since March/April 2014 SEB decided to prefer Debit Mastercard as their main debit card, still somewhat offering also Visa Debit.
Canada
Debit Mastercard was launched in Canada in July 2016 with
Bank of Montreal
The Bank of Montreal (BMO; french: Banque de Montréal, link=no) is a Canadian multinational investment bank and financial services company.
The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank; while its head office remains in ...
. Similar to most Canadian
Visa Debit
Visa Debit is a major brand of debit card issued by Visa in many countries around the world. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Debit ...
cards, BMO's Debit Mastercard is co-branded with
Interac
Interac is a Canadian interbank network that links financial institutions and other enterprises for the purpose of exchanging electronic financial transactions. Interac serves as the Canadian debit card system and the predominant funds tra ...
and operates solely over that network for point-of-sale transactions in Canada, but uses the Mastercard network for Internet and international transactions.
Germany
Deutsche Bank
Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...
,
Commerzbank
Commerzbank AG () is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hambur ...
,
Norisbank
The Norisbank GmbH is a German bank with headquarters in Bonn. Since 2 November 2006, it has been a subsidiary of ''Deutsche Bank'' and since 27 July 2012 purely a direct bank.
History
The roots of Norisbank date back to the year 1954. Starting ...
,
Consors Finanz
Consors Finanz is a German brand of the worldwide active major bank BNP Paribas. The focus of the business is the allocation of consumer loans, especially sales financing for retail and online trade as well as for car, caravan and motorbike deal ...
, MLP, netbank, KT Bank, O2 Banking,
Fidor Bank
Fidor Bank is a German online bank, founded in 2009. In 2015, it started a market foray into the UK.
In July 2016, it was announced that Fidor Bank was being acquired by France's Groupe BPCE for €100m. As of September 2016, Fidor Bank continued ...
and
N26
N26 (known as ''Number 26'' until July 2016) is a German neobank headquartered in Berlin, Germany. N26 was founded in 2013 in a Rocket Internet Incubator and currently operates in various member states of the Single Euro Payments Area (SEPA). I ...
offer the Debit Mastercard to their customers. In Germany, the Debit Mastercard is a competitor to the national
Girocard
girocard is an interbank network and debit card service connecting virtually all German ATMs and banks. It is based on standards and agreements developed by the German Banking Industry Committee.
German girocards are usually co-branded with Mast ...
.
Greece
As of March 2015, all four major Greek banks offer a contactless Debit Mastercard to their clients.
Eurobank Ergasias
The Eurobank Group is a financial organisation that operates in Greece, Cyprus, Luxembourg, Serbia, Bulgaria and UK. As of December 2018, the Eurobank Group counts, in assets, 653 customer service locations in Greece and abroad, and 13,162 emp ...
is replacing its
Maestro
Maestro (; from the Italian ''wikt:maestro#Italian, maestro'' , meaning "wikt:master, master" or "teacher") is an honorific title of respect (plural: maestros or maestri). The term is most commonly used in the context of Western classical music ...
line of debit cards with a new Debit Mastercard.
The
National Bank of Greece
The National Bank of Greece (NBG; el, Εθνική Τράπεζα της Ελλάδος) is a global banking and financial services company with its headquarters in Athens, Greece.
85% of the company's pretax preprovision profits are derived ...
(NBG) started replacing its Maestro debit card with a new Debit Mastercard in March 2015. NBG is the last one of the four major Greek banks to offer a Debit Mastercard to its customers, and like Eurobank it only offers this debit card.
The other two major Greek banks offer Debit Mastercard cards as well, but not exclusively.
Piraeus Bank
Piraeus Bank ( el, Τράπεζα Πειραιώς) is a Greek multinational financial services company with its headquarters in Athens, Greece. Piraeus Bank's shares have been listed on the Athens Stock Exchange (ATHEX) since January 1918.
In G ...
has added the option for a Mastercard Debit card alongside the
Visa Debit
Visa Debit is a major brand of debit card issued by Visa in many countries around the world. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Debit ...
(formerly
Visa Electron
Visa Electron is a debit card product that uses the Visa payment system. It is offered by issuing banks in every country with the exception of Canada, Australia, Argentina, Ireland and the United States. The difference between Visa Electron and ...
) card that it had been offering in the past as the exclusive option. Also
Alpha Bank
Alpha Bank is the second largest Greek bank by total assets, and the largest by market capitalization of €2.13 billion (as of 4 December 2018). It has a subsidiary and branch in London, England and subsidiaries in Albania, Cyprus and Romania ...
offers Debit Mastercard and Debit Mastercard Contactless as one of three options for a debit card. It is not clear which debit card these two banks promote the most to customers that do not have a specific preference.
Hong Kong
As of January 2021,
HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...
,
Citibank
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City ...
,
WeLab Bank Livi Bank & Mox Bank offer a contactless Debit Mastercard to their clients in virtual and/or physical
plastic card
A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term ''#Plastic card, plastic card'' includes the above and as an identity document. These are similar to a credi ...
.
Netherlands
bunq bank issues a Debit Mastercard to its premium customers. Additionally, ICS issues MasterCard and VISA debit cards including 180-day insurance, which is normally not available on debit cards in the Netherlands. Getsby is the first company to only issue tokenizable Virtual Debit Mastercard Cards in the Netherlands.
Philippines
Major banks like
BDO,
Metrobank,
Security Bank
Security Bank Corporation (SBC) is a universal bank in the Philippines. It was established on June 18, 1951, as Security Bank and Trust Company and was the first private and Filipino-controlled bank of the post-World War II period.
Security B ...
,
RCBC,
BPI and
PNB issues Debit Mastercard.
Debit Cards like Mastercard are also accepted in most
Point of sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...
s in the
Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no),
* bik, Republika kan Filipinas
* ceb, Republika sa Pilipinas
* cbk, República de Filipinas
* hil, Republ ...
. It directly competes with
Visa Debit
Visa Debit is a major brand of debit card issued by Visa in many countries around the world. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Debit ...
which is mostly issued by state-owned banks and
Bancnet
BancNet (also spelled Bancnet) is a Philippine-based interbank network connecting the Automated teller machine, ATM networks of local and offshore banks, and the country's single interbank network in the Philippines in terms of the number of m ...
the national interbank network
Romania
In Romania the Debit Mastercard is one of the two popular options of debit cards - the other one being Visa Debit.
United Kingdom
In the United Kingdom, the Debit Mastercard operates alongside Mastercard's established
Maestro
Maestro (; from the Italian ''wikt:maestro#Italian, maestro'' , meaning "wikt:master, master" or "teacher") is an honorific title of respect (plural: maestros or maestri). The term is most commonly used in the context of Western classical music ...
debit card scheme, which previously were the only debit cards provided by Mastercard. However, almost all providers have switched to issuing Debit Mastercard instead, as the previous Maestro debit cards are not accepted as widely worldwide, unlike the Debit Mastercard which is accepted worldwide wherever Mastercard is accepted. Although, currently, the Maestro scheme still remains in place. The main issuers of Debit Mastercard are
Clydesdale Bank
Clydesdale Bank ( gd, Banca Dhail Chluaidh) is a trading name used by Clydesdale Bank plc for its retail banking operations in Scotland.
In June 2018, it was announced that Clydesdale Bank's holding company CYBG would acquire Virgin Money for ...
(incorporating Yorkshire Bank),
Danske Bank
Danske Bank A/S is a Danish multinational banking and financial services corporation. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail customers. ...
,
Virgin Money
Virgin Money is a financial services brand used by two independent brand-licensees worldwide from the Virgin Group. Virgin Money branded services are currently available in Australia and the United Kingdom. The brand formerly operated in South Af ...
,
Metro Bank,
Monzo Bank,
Santander UK
Santander UK plc (, ) is a British bank, wholly owned by the Spanish Santander Group. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance.
Santander UK is one of the l ...
,
Starling Bank
Starling Bank () is a British digital challenger bank which provides current and business accounts. Starling Bank is a licensed and regulated bank, founded by former Allied Irish Banks COO, Anne Boden, in January 2014. Since its founding, it ...
, and
Thinkmoney
Thinkmoney, stylised as thinkmoney, is a UK-based banking services provider that primarily offers current accounts for a fixed monthly fee with no overdraft or transaction charges. Thinkmoney's online system offers a budgeting service that see ...
.
First Direct
First Direct (styled first direct) is a telephone and internet based retail bank division of HSBC Bank plc based in the United Kingdom. First Direct has headquarters in Leeds, England, and has 1.45 million customers. It was awarded Most T ...
began switching existing customers to Debit Mastercard from Visa in 2021.
NatWest Group
NatWest Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and ...
began switching existing customers to and providing new customers with a Debit Mastercard in 2022.
The Debit Mastercard is a competitor to the
Visa Debit
Visa Debit is a major brand of debit card issued by Visa in many countries around the world. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Debit ...
cards provided by
Visa Inc.
Visa Inc. (; stylized as ''VISA'') is an American multinational financial services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded cred ...
United States
In the United States, unlike Australia and the United Kingdom, three levels of Debit Mastercard are available: Standard, Enhanced, and World. In 2012, there were four levels of Debit Mastercard available: Standard, Gold, Platinum and World.
See also
*
E-commerce credit card payment system
Electronic commerce, commonly known as e-commerce or eCommerce, or e-business consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electr ...
*
Payment card
Payment cards are part of a payment system issued by financial institutions, such as a bank, to a customer that enables its owner (the cardholder) to access the funds in the customer's designated bank accounts, or through a credit account and ma ...
*
Payment service provider
A payment service provider (PSP) is a third-party company that assists businesses to accept electronic payments, such as credit cards and debit cards payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and thos ...
*
Wire transfer
Wire transfer, bank transfer, or credit transfer, is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash ...
References
External links
Official Website (UK)debit card{{Credit cards
Debit cards
Mastercard