Does anyone still use their debit cards?

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DavidNY
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Postby DavidNY » Thu Mar 14, 2013 10:28 am

Canada, like many other countries, is way ahead of the US when it comes to credit/debit card security.

I had never seen a PIN pad protector until I went to a Scotiabank ATM in Canada (using my BofA ATM card for no-fee cash.)


kelvSYC
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Postby kelvSYC » Thu Mar 14, 2013 10:42 pm

Ironically, today, because Bank of America debit cards do not have EMV, you can't use them at ScotiaBank ATMs (or any other ATM in Canada) now... when they mean "no fee", they probably didn't mean "because it's impossible".

Also, PIN pad protectors are useless IMO. I've worked in places where they just break off on the tiniest whim, or where they are angled in such a way that the cashier or a person looking over your shoulder could still see you input your PIN.
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DavidNY
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Postby DavidNY » Thu Mar 14, 2013 10:58 pm

kelvSYC wrote:Ironically, today, because Bank of America debit cards do not have EMV, you can't use them at ScotiaBank ATMs (or any other ATM in Canada) now... when they mean "no fee", they probably didn't mean "because it's impossible".

Also, PIN pad protectors are useless IMO. I've worked in places where they just break off on the tiniest whim, or where they are angled in such a way that the cashier or a person looking over your shoulder could still see you input your PIN.


It's been over a year since my last trip, but as of then my debit card worked at Scotiabank, perhaps that's now changed. I will verify the situation next time. The particular ABM I went to had its protector in good shape. Not perfect of course but something.

I checked the conversion rate after I got back to the US, as far as I could tell it was zero. A "1% - 3% International Transaction Fee/Foreign Currency Fee" is shown on the Wikipedia page but I couldn't see it.

kelvSYC
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Postby kelvSYC » Fri Mar 15, 2013 1:54 am

I'll have to backpedal a bit: it could still work, I suppose; EMV is required by Interac (but not, apprently, other processors) at ATMs effective January 1, 2013 and at point-of-sale January 1, 2015, but since American cards don't use that network, you could be using PLUS or some other debit network where the EMV requirement isn't in place. (I had thought that Interac, which has the backing of four of the "big 5 banks" in Canada and Canada's largest credit union, required that all ATMs that support Interac reject any non-EMV card after January 1, 2013 and the same for POS by 2015; upon further research I now believe this is false.)

Using a US debit card at point-of-sale is still dumb, though. Three of the four major credit card networks have liability shift, and you'd be eating some big fees over PLUS... (does any bank have Discover debit cards in the US...?)
Current Credit Scores:
VantageScore 3.0 - 760 TU, 764 EX (11-19-16, Credit Karma)
FICO 8 - 747 EX (10-22-16, AmEx statement)
Discover - 750 TU (11-4-16, Discover statement)

Current Credit Cards:
RBC - $8000 CAD
BoA - $13500 USD
Capital One - $2750 USD
AmEx BCE - $4000 USD
Discover It - $8000 USD

vrijburger
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Postby vrijburger » Fri Mar 29, 2013 4:02 pm

I've been all over Canada for work in recent months and I've never had trouble withdrawing cash from an ABM using my Chase debit card. RBC, CIBC, TD Canada Trust, Scotiabank, credit unions...you name it from Vancouver to Halifax. Was this a very recent change or is it unfounded?

kelvSYC
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Postby kelvSYC » Sun Mar 31, 2013 3:48 am

Must be an Interac thing then. Interac does have an EMV requirement, which, because it is so ubiquitous (I can't name a bank in Canada for which their bank cards aren't Interac), makes Canadians think that "debit card" and "bank card using Interac as a payment processor" are synonymous.

Visa, MC, etc. don't have an EMV requirement, and if they do, they are not mandating Chip + PIN. (Again, Interac being so ubiquitous is likely why Canada is primarily Chip + PIN, given that most CC processors prefer Chip + Sign only or Chip + Sign preferred because it's less work for them). Your Chase ABM card isn't Interac, and so isn't subject to the EMV requirement, I suppose.
Current Credit Scores:
VantageScore 3.0 - 760 TU, 764 EX (11-19-16, Credit Karma)
FICO 8 - 747 EX (10-22-16, AmEx statement)
Discover - 750 TU (11-4-16, Discover statement)

Current Credit Cards:
RBC - $8000 CAD
BoA - $13500 USD
Capital One - $2750 USD
AmEx BCE - $4000 USD
Discover It - $8000 USD

3MDR
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Postby 3MDR » Sun Apr 07, 2013 9:45 am

used once in the past 10 years!

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Rina
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Postby Rina » Sat Apr 13, 2013 2:57 am

I use them primarily for ATM withdrawals.
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DavidNY
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Postby DavidNY » Sat Apr 13, 2013 10:07 am

vrijburger wrote:I've been all over Canada for work in recent months and I've never had trouble withdrawing cash from an ABM using my Chase debit card. RBC, CIBC, TD Canada Trust, Scotiabank, credit unions...you name it from Vancouver to Halifax. Was this a very recent change or is it unfounded?


Interac ABM transactions are only processed with chip cards now, the magnetic stripe works for other networks.

See http://en.wikipedia.org/wiki/Interac#The_move_to_Interac_Chip_Cards

im_mr_awesome
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Postby im_mr_awesome » Mon Apr 15, 2013 11:16 am

I used to use my Chase Ultimate Rewards debit card, but when they canceled the Ultimate Rewards program, it was of little use to me besides deposits and haircuts (my stylist only accepts cash). I use my Discover it or Citi Diamond Preferred for everything but gas, which I use my Amazon rewards card for.
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Sock Drawer Discover IT, AE Visa, CareCredit, CreditOne (keeping for history for now). Various store cards for history and utilization padding
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