British Expats - Difference between EFTPOS and a Debit card?

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- - Difference between EFTPOS and a Debit card? (https://britishexpats.com/forum/australia-54/difference-between-eftpos-debit-card-455570/)

Re: Difference between EFTPOS and a Debit card?

Quote:

Originally Posted by galba (Post 4868933)

Thanks everyone :) - I've been online and downloaded a Westpac application form. The choice account seems to have everything, cheque, Mastercard debit, eftpos and online banking for $5.00 a month. Just going to use it to get started and if we don't like it change once we're there.

To whoever posted the link to the bank account comparison website - thank you!

Galba

We have an eftpos card with Westpac which I only use if I want cashback at a transaction as you are charged for these debits. I use my mastercard debit card for everything else and don't get any extra charges. It's confusing that you have to select credit in shops for the debit card and cheque or savings for eftpos. The banking is mad over here - when you write cheques out they are debited to your account the same day the other person pays it in - so beware !

Re: Difference between EFTPOS and a Debit card?

Quote:

Originally Posted by joho (Post 4868935)

Not true, we had ours set at $2000, I think it depends on the bank.

Jo

ok, wasn't aware of that. handy to know.

Re: Difference between EFTPOS and a Debit card?

Quote:

Originally Posted by sassie (Post 4869055)

ok, wasn't aware of that. handy to know.

We were able to go up to 10,000 but you have to go into the branch to arrange it - we reduced it back fairly quickly !