Facts & Figures of Maestro Debit Card, Benefits and Features
Overview of Maestro Debit Card
Founded in 1992, Maestro is a multi-national debit card service owned by MasterCard. Instant cash access is possible with Maestro Debit Card without waiting for fund verification and/or approval from the issuing company or bank. Maestro cards are obtained from associate banks and can be linked to the card holder's current account.
Facts & Figures of Maestro Debit Card
- 666 million Maestro branded cards issued worldwide
- 13 million shops and other outlets welcome it
- Recognized in 100 countries around the world
- It is most widely used in Europe
- The maximum limit of payment is the amount present in the linked bank account
Features of Maestro Debit Card
- Maestro debit card is used with a PIN
- PIN provides an extra layer of security
- With Maestro Debit Card, you can use the money in your account securely through a global network of ATMs, shops and websites to pay for things
- Processing of money takes place through electronic terminals
Benefits of Maestro Debit Card
- Instant cash access without waiting for fund verification and/or approval from the issuing company or bank
- Speedier and more convenient
- More Secured
- Maestro debit card is ideal for online purchases and payments as it is extremely secure
- MasterCard offers a toll-free number for locating ATMs closest to the desired area around the world
- Can also be used while travelling overseas
How to Apply for Maestro Debit Card?
- You have to apply for Maestro Credit Card in any of the banks where you have a saving account or current account.
- You can apply for the maestro debit card offline by visiting the bank branch or online through internet banking or mobile banking
- Since you already have your bank account with the bank, minimal documentation just for KYC compliance is required for issuing the card
- Maestro debit card is linked to your savings account or current account
- Maestro debit card can be used for carrying out the transactions up to the amounts available in your account