Debit Card Services

Community Development Bank now offers debit cards. Your debit card offers you the convenience of checking plus the added value of safety, easy record keeping and affordability.

Conveniences of a debit card

• Use money from your checking account without writing a check
• Is welcome at places that will not accept checks
• Is faster and easier than writing checks
• Can be used at millions of establishments and ATMs around the world
• Save on the cost of ordering checks

Safety of a debit card

• Avoid carrying large amounts of money
• Authorization process limits your risk for lost or stolen cards

Easy Record Keeping

• Better way to keep track of your purchases
• Receive receipts for every transaction
• Each transaction appears on your monthly statement

Limitations on debit cards

• Depending on your account, there may be a maximum amount you may withdraw per day
• For security purposes there may be limits on the frequency and amount of transactions you may make at POSs.

Fees and Charges

• There is a $12.00 issue fee for the card
• There is a $1.00 per month service fee
• When you use an ATM not owned by us you may be charged a fee by the ATM operator or any network used to complete the transaction. You may be charged a fee for a balance inquiry even if you do not complete a fund transfer.
• Foreign Currency Rate-When you use your debit card at a merchant that settles in currency other than US dollars, the charge will be converted into the US dollar amount. The currency conversion rate used to determine the transaction amount in US dollars is either (1) a rate selected by Visa/MasterCard from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa/MasterCard itself receives; or (2) the government-mandated rate in effect of the applicable central processing date. The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date.