Debit Card FAQs

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A credit union MasterMoney® Card is a convenient, quick, and easy way to access your share draft account without a checkbook, to make purchases or obtain cash at automated teller machines (ATM’s).It combines the convenience and acceptance of cash, the safety and economy of a share draft, and the speed of an ATM card. A MasterMoney® Card actually works like a share draft, giving you access to funds in your share draft account, without the hassle of writing a share draft or waiting, for check approval.

Your credit union MasterMoney® Card is a welcome alternative to cash or share drafts at any merchant location worldwide that accepts MasterCard or any ATM location displaying the MasterCard logo. Instead of carrying cash or writing a share draft in the checkout line, simply give the merchant your MasterMoney® Card. You will sign a receipt to confirm the purchase and a copy of the receipt will be given to you for ease in record keeping. Use the receipt to record purchases or ATM cash advances made using your MasterMoney® Card, in your share draft register. The purchase amount will automatically be deducted from your share draft account balance and every transaction is detailed on your share draft statement.

Unlike traditional share drafts, a MasterMoney® Card is hassle-free, providing an alternative to conventional share draft use. When you use a credit union MasterMoney® Card, there’s no share draft to write. No checkbook or additional identification to carry. No delays waiting for share draft approval.

Whether it’s taking care of your grocery list, filling up the gas tank, picking up a last minute birthday gift or paying for lunch in a restaurant, the credit union MasterMoney® Card is perfect for everyday purchases.

  • easier and faster to use
  • more convenient to carry than a checkbook
  • safer than carrying cash
  • more universally accepted by merchants around the world
  • no need for additional identification
  • eliminates cumbersome share draft approval process in the checkout line
  • widely accepted wherever the MasterCard® logo is displayed
  • access to cash day or night, at ATM locations worldwide that display the MasterCard® logo.

No. With a credit card, you are actually borrowing money against an established line of credit, which you must repay, either all at once or in the form of extended payments.

A MasterMoney® Card is another way to make your share draft account more flexible. When you make purchases or take an ATM cash withdrawal with your MasterMoney® Card, you are accessing funds available in your share draft account. Transactions are automatically deducted from your share draft balance, so you must ensure that sufficient funds are available in your share draft account for purchases are paid on MasterMoney® Card transactions.

Not necessarily. For some transactions, such as a mortgage payment, rent or other bills paid by mail, a share draft may be the easiest way to make the payment. Your MasterMoney® Card is not intended to completely eliminate the use of share drafts, but rather to be used to enhance your share draft account, giving you more flexibility and value-added convenience.

For your protection, the daily limit is $800 for POS and $300 at ATM machines.