Debit Card Newburgh NY

Debit cards are a good choice if managing money and your credit is a problem in Newburgh for you. Debit cards are linked to your checking account. You can use them as credit cards if they contain a Visa or MasterCard logo on them. They don’t incur annual fees or interest charges like a credit card does because they use the money in your checking account to make payments. With that said, are debit cards as good a choice as they seem?

Local Companies

The Berkshire Bank
845-294-6151
P.O. Box 469 ,2 South Church Street
Goshen, NY
Riverside Bank
(845) 454-5511
11 Garden Street
Poughkeepsie, NY
Walden Savings Bank
(845) 256-9667
2356 State Route 44/55
Gardiner, NY
Elaine Ramos, LCSW
(845) 255-8014
42 North Chestnut Street
New Paltz, NY
NuMony Technologies Inc.
(845) 431-9003
2600 South Rd. Suite 44-25
Poughkeepsie, NY
Provident Bank
845-294-8353
60 Matthews Street
Goshen, NY
Citizens Bank
(845) 256-3802
271 Main Street
New Paltz, NY
Ulster Savings Bank
(845) 255-5470
226 Main Street
New Paltz, NY
Center for Holistic Healing
(845) 255-2443
52 S. Manheim Blvd.
New Paltz, NY
Hudson Valley Federal Credit Union
(845) 463-3011
159 Barnegat Road
Poughkeepsie, NY

Debit cards are a good choice if managing money and your credit is a problem for you. Debit cards are linked to your checking account. You can use them as credit cards if they contain a Visa or MasterCard logo on them. They don’t incur annual fees or interest charges like a credit card does because they use the money in your checking account to make payments. With that said, are debit cards as good a choice as they seem?

Debit cards teach you to manage money if you had trouble in the past with credit cards. They come complete with a safety net because they are tied to a checking account with a set amount of funds. Checks and cash are being pushed out of the way in favor of the “new plastic”.

However there are some pitfalls that do exist. Since debit cards are tied to a checking account, you need to keep track of your checking account balance. Just as quickly as that money was deposited in your account it can disappear if you are not careful. The checking account can become overdrawn without ever bouncing a check. Remember ATM withdrawals and buying something with a debit card all reduce your checking account balance.

Debit cards are also subject to “blocking” just like a credit card. This means that some merchants can block off a set amount of money in the account until your transaction with them is processed. Case in point: using a debit card to pay for a $20 visit to the gas station, but the store blocks off $50 on the card. If the extra $30 was earmarked for something else, you will run into problems until that block is removed.

Debit cards are a good choice for you if you have experienced credit card problems in the past. They are very convenient but remember to use them wisely or you could run into trouble with your checking account balance.

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