Debit Mastercard is a brand of

debit card A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either ...

s provided by Mastercard. They use the same systems as standard Mastercard credit cards but they do not use a line of credit to the customer, instead relying on funds that the customer has in their

bank account A bank account is a financial account maintained by a bank or other financial institution in which the financial transaction A financial transaction is an Contract, agreement, or communication, between a buyer and seller to exchange goods, ...

Availability

Algeria

Several banks offer Credit and Debit Mastercard in Algeria (Algeria Gulf Bank, Banque de Développement Local, Crédit Populaire Agricole).

Argentina

In 2011, Banco de Córdoba started offering Debit Mastercard to its clients, as a direct competitor to the Visa Débito card. However, this would not be a direct replacement of all Maestro cards in the Argentine market, since it will be analyzed with each bank.

Australia

Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

, the Debit Mastercard is the main competitor to the Visa Debit cards provided by Visa Inc. The Debit Mastercard was first launched in Australia by Westpac in 2006 as an alternative card for the bank's Cirrus cardholders.

Baltic states

Swedbank has offered Debit Mastercard in

Estonia Estonia, officially the Republic of Estonia, is a country in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the Baltic Sea across from Sweden, to the south by Latvia, and to the east by Ru ...

since 2011,

Latvia Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe. It is one of the three Baltic states, along with Estonia to the north and Lithuania to the south. It borders Russia to the east and Belarus to t ...

and

Lithuania Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea, bordered by Latvia to the north, Belarus to the east and south, P ...

since 2012. Nordea has offered Debit Mastercard in

since 2016. SEB has offered Debit Mastercard and Visa Debit for years equally in the Baltic states, but since March/April 2014 SEB decided to prefer Debit Mastercard as their main debit card, still somewhat offering also Visa Debit.

Canada

Debit Mastercard was launched in Canada in July 2016 with Bank of Montreal. Similar to most Canadian Visa Debit cards, BMO's Debit Mastercard is co-badged with Interac and operates solely over that network for point-of-sale transactions in Canada, but uses the Mastercard network for Internet and international transactions.

Germany

Deutsche Bank, Commerzbank, Norisbank, Consors Finanz, MLP, netbank, KT Bank, O2 Banking, Fidor Bank and N26 offer the Debit Mastercard to their customers. In Germany, the Debit Mastercard is a competitor to the national Girocard.

Greece

As of March 2015, all four major Greek banks offer a contactless Debit Mastercard to their clients. Eurobank Ergasias is replacing its Maestro line of debit cards with a new Debit Mastercard. The National Bank of Greece (NBG) started replacing its Maestro debit card with a new Debit Mastercard in March 2015. NBG is the last one of the four major Greek banks to offer a Debit Mastercard to its customers, and like Eurobank it only offers this debit card. The other two major Greek banks offer Debit Mastercard cards as well, but not exclusively.

Piraeus Bank Piraeus Bank () is a Greece, Greek multinational financial services company with its headquarters in Athens, Greece. Piraeus Bank's shares have been listed on the Athens Exchange, Athens Stock Exchange (Athens Exchange, ATHEX) since January 1918. ...

has added the option for a Mastercard Debit card alongside the Visa Debit (formerly Visa Electron) card that it had been offering in the past as the exclusive option. Also Alpha Bank offers Debit Mastercard and Debit Mastercard Contactless as one of three options for a debit card. It is not clear which debit card these two banks promote the most to customers that do not have a specific preference.

Hong Kong

As of January 2021,

HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

, Citibank, WeLab Bank Livi Bank & Mox Bank offer a contactless Debit Mastercard to their clients in virtual and/or physical plastic card.

Netherlands

bunq bank issues a Debit Mastercard to its premium customers. Additionally, ICS issues MasterCard and VISA debit cards including 180-day insurance, which is normally not available on debit cards in the Netherlands. Getsby is the first company to only issue tokenizable Virtual Debit Mastercard Cards in the Netherlands. Rabobank will start offering Debit Mastercards from mid-2022, alongside their existing Visa Debit cards. ING has also begun rolling out Debit Mastercards, which will gradually replace their current stock of V-PAY and Maestro cards. The full rollout of Debit Mastercards by

ING Ing, ING or ing may refer to: Art and media * '' ...ing'', a 2003 Korean film * i.n.g, a Taiwanese girl group * The Ing, a race of dark creatures in the 2004 video game '' Metroid Prime 2: Echoes'' * "Ing", the first song on The Roches' 199 ...

is expected to take place in 2024.

Philippines

Major banks like BDO, Metrobank(with maestro), Security Bank, RCBC, BPI and PNB(with maestro) issues Debit Mastercard. Debit Cards like Mastercard are also accepted in most

Point of sale The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...

s in the

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

. It directly competes with Visa Debit which is mostly issued by state-owned banks and Bancnet the national interbank network

Romania

In Romania the Debit Mastercard is one of the two popular options of debit cards - the other one being Visa Debit.

United Kingdom

In the United Kingdom, the Debit Mastercard operates alongside Mastercard's established Maestro debit card scheme, which previously were the only debit cards provided by Mastercard. However, almost all providers have switched to issuing Debit Mastercard instead, as the previous Maestro debit cards are not accepted as widely worldwide, unlike the Debit Mastercard which is accepted worldwide wherever Mastercard is accepted. Although, currently, the Maestro scheme still remains in place. The main issuers of Debit Mastercard are Clydesdale Bank (incorporating Yorkshire Bank),

Danske Bank Danske Bank A/S (, ) is a Danish multinational banking and financial services corporation. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail custome ...

, Virgin Money, Metro Bank, Monzo Bank, Santander UK, Starling Bank, Chase UK, and Thinkmoney. First Direct began switching existing customers to Debit Mastercard from Visa in 2021. NatWest Group began switching existing customers to and providing new customers with a Debit Mastercard in 2022. The Debit Mastercard is a competitor to the Visa Debit cards provided by Visa Inc.

United States

In the United States, unlike Australia and the United Kingdom, three levels of Debit Mastercard are available: Standard, Enhanced, and World. In 2012, there were four levels of Debit Mastercard available: Standard, Gold, Platinum and World.

References

External links

Official Website (UK)debit card
{{Credit cards Debit cards Mastercard