E-wallets guarantee a fast, convenient, and secure means to do everyday financial transactions, making them more or less essential for modern Filipino life. Due to e-commerce, mobile banking, and other models for online financial transactions already becoming the norm, e-wallets are definitely here to stay. Now, with many e-wallets like Maya providing a free debit card linked to your account, there’s no stopping you from getting the benefits of both digital and traditional financial services in just one product.
If you’re already fully adept at online banking and are seeking more benefits from your digital wallet, an e-wallet plus debit card combo is what you need. Let’s explore how a debit card linked to your e-wallet can help you get the most out of both:
1) You’ll Have a Wallet and a Savings Account in One
While e-wallets were initially and are still primarily used for online payments, they have evolved to become full-fledged financial service platforms. You can now rely on your digital wallet to set up a savings account, transfer funds, invest, and manage your finances with just a few taps on your phone screen.
Instead of just keeping your money in an e-wallet, moving it to a savings account gives you the benefit of a monthly interest that you wouldn’t have been able to earn otherwise. With today’s e-wallets offering both a payment channel and a savings account, it’s easier than ever to move your own funds back and forth, depending on your needs and priorities.
Furthermore, an e-wallet debit card adds ease to accessing your funds whether online or offline. In your case, finding out how to get Maya Card benefits after signing up for a Maya high-interest savings account will be well worth your while.
2) You Can Withdraw Your Money from an ATM
This digital age is characterized by our growing dependence on mobile devices and online services. However, even with today’s advanced technology, glitches and other issues are still possible. Knowing that, having a debit card linked to your e-wallet will give you some extra assurance for when these unwanted surprises happen.
If you have a debit card tied to your e-wallet, you can still get access to your funds in case you don’t have an Internet connection or don’t have your phone with you. Using your debit card, you can easily withdraw funds from your savings account from an ATM. Just make sure your e-wallet is properly set up for this feature to work.
3) You Can Use Your Card Overseas
Do you anticipate doing some traveling soon? Your digital wallet debit card will make spending abroad a lot easier. Just take your debit card with you on your next overseas trip, and you won’t have to worry about having to convert foreign currency before your flight.
Since most e-wallet debit cards are issued by major card networks like VISA or MasterCard, you can readily use your card overseas to pay when you shop or dine. Also, there’s no need to stress about running out of foreign currency for cash transactions since you can withdraw money from an ATM using your debit card. In addition, since you’re withdrawing in the currency of the country you’re in, it eliminates the fuss of looking for a currency exchange service while you’re traveling.
4) You Can Go Cashless
With a debit card, you can leave your cash at home when you go out to shop or dine. Aside from allowing for contactless payments through a digital wallet, its accompanying debit card gives you another payment option in case your favorite coffee shop or clothing store doesn’t take digital payments.
5) You Can Make Good on Rewards and Offers from Your Card Program
Taking advantage of a digital wallet that has a debit card means double the chances of getting exclusive perks and promos. The current space of digital financial services is a competitive playing field for service providers who want to get more people to use their products while retaining existing users. Thus, e-wallets are constantly innovating to improve their offerings, at the same time aiming to expand their user base through attractive rewards and discount promos for their patrons.
Simply by using your debit card, you can get discounts on hotel bookings or streaming subscriptions, as well as vouchers for services from partner establishments, among others. You can even get cashback points every time you use your debit card, which can help you grow that savings account or pay for bills or groceries in the future.
A digital wallet is a modern convenience that makes for hassle-free money management, and when paired with the features of a debit card, it can give users a sense of security that they associate with traditional banking institutions. This mix of digital and traditional financial services is a welcome option for those who rely on the boon of e-wallets, but still want the peace of mind and flexibility a physical debit card provides. For sure, a debit card and e-wallet combo will allow you to enjoy the best of both worlds and help you keep up with the demands of modern living.
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