A savings card is a bank card that cannot be overdrawn, and is usually used for cash deposits, transfers, and purchases. The annual fee for a savings card is a fee charged by the bank to the holder of the savings card in order to maintain the normal operation of the savings card. So, do debit cards have an annual fee?How to collect it?This article will answer your questions from the following aspects.
1. What is the annual fee for a savings card?
Different banks and card types may have different annual fees for savings cards, generally between 10 yuan and 20 yuan. The annual fee may also be charged differently, with some banks deducting the annual fee from the debit card account at a fixed time each year, while others will decide whether to charge an annual fee based on the average daily balance of the debit card.
2. How to check the annual fee of a savings card?
If you want to know if your debit card has an annual fee and how it will be charged, you can check in a few ways:
Log in to the bank's online banking or mobile banking to check the account information of your savings card, which will usually have an explanation of the annual fee.
Call your bank's customer service** to ask about the annual fee for your savings card, and provide your card number and identity information for verification.
Go to the bank's branch, ask the counter staff, and show your debit card and ID card to make an inquiry.
3. How to avoid or reduce the annual fee of a savings card?
If you want to save money on the annual fee for your debit card, here are some things you can do:
Account closure. If you have multiple savings cards, and some of them haven't been used for a long time, you may want to consider transferring the balance of those cards to other cards and then applying for closure so that you can avoid paying excess annual fees.
Merge accounts. If you have more than one savings card with the same bank, you can apply to combine these cards into one account, so that you can reduce the number of annual fees or enjoy certain preferential policies.
Choose a card with no annual fee. Some banks will launch some savings cards with no annual fee, which usually need to meet certain conditions, such as maintaining a certain balance, reaching a certain consumption limit, binding certain services, etc. Depending on your needs, you can choose a savings card with no annual fee that suits you, or upgrade your existing savings card to a card with no annual fee.
Fourth, the answer to relevant questions
When is the annual fee charged for a debit card?
Answer: The annual fee for a savings card may vary depending on the bank and card type, some banks will deduct the corresponding annual fee from the savings card account at a fixed time each year (such as the month of account opening or the end of the year), and some banks will calculate the average daily balance of the savings card in a certain month of the year (such as January or July), and if it is lower than a certain standard, the annual fee will be charged.
Is the annual fee for a debit card refundable?
A: Once the annual fee for a savings card is charged, it is usually non-refundable, unless it is a bank error or special circumstances. If you have any objection to the annual fee for your savings card, you can contact the bank's customer service or counter staff to provide your savings card and ID card, explain your situation, and see if you can apply for a refund of the annual fee.
Can the annual fee of a savings card be deducted with points?
Answer: Some banks will provide points service for savings cards, that is, when you use the savings card for consumption or transfer, you can accumulate a certain amount of points, and then use the points to exchange for some gifts or coupons. Some banks will also allow you to use points to offset the annual fee of your savings card, the specific rules and conditions may vary depending on the bank and card type, you can log in to the bank's online banking or mobile banking to check the points information of your savings card, or call the bank's customer service** to inquire about the redemption of points on your savings card.
In short, the annual fee of a savings card is a fee that can be avoided or reduced, you only need to understand the annual fee of your savings card, choose the appropriate inquiry and saving method, and you can save a lot of expenses. I hope you found this article helpful, thank you for reading.