In the digital age in which we live, financial transactions have become faster and more convenient than ever. So many banks now offer the possibility of obtaining a credit card on the spot, meaning that you can use it immediately after opening the account. Taking a step forward in an era where everything has become immediate and people cannot wait for a card.
Some of the banks that offer instant debit cards include Chase, Bank of America, Wells Fargo and Capital One in the United States. In Canada, TD Bank and Scotiabank offer this option.
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Why is it important for banks to provide instant debit cards?
Getting a debit card on the spot can be especially useful if you need to make purchases or cash withdrawals immediately after opening your bank account. Moreover, it can be a convenient option if you would rather not wait for your debit card to arrive in the mail, a traditional format in which banks usually send them a few days after opening the account.
When you wait many days to receive a debit card in the mail, there is a risk of the card being lost or stolen in transit. With an on-the-spot debit card, the customer can receive the card directly at the bank branch and avoid this risk. This is a key part of the banks’ process to improve the customer experience and customer service.
There is nothing that customers value more than being well attended and undoubtedly, the fact that the card is delivered immediately makes a differential point in any bank. Thus giving the user the opportunity to go out and spend the money in their account immediately without depending on the card arriving in the mail in a process that can take up to weeks.
Which banks in the United States offer on-the-spot debit cards?
Many banks in the United States offer on-the-spot debit cards. Here is a list of some of the larger banks that offer this option:
| Bank | Description |
| Chase | Customers can apply for a debit card when they open an account online or in person. |
| Bank of America | Offers debit cards on the spot at many of its branches. You can apply once you sign up |
| Wells Fargo | Poses users the ability to get a debit card on the spot at some of its branches. This is regardless of whether the account is opened online or in person at a branch. |
| Capital One | Capital One customers can apply for a debit card immediately after opening an account. |
| TD Bank | Customers can apply for a debit card when opening an account online or in person, and will get it with no hassle. |
It is important to note that on-the-spot debit card availability may vary depending on branch location and other factors. It is advisable to check with the local bank to confirm whether they offer this option and at which branches it is available.
What documents do I need to apply for an on-the-spot debit card?
The requirements to apply for an on-the-spot debit card may vary by bank and branch location. However, in general, the same requirements are usually requested once the account has been opened. The documents required to apply for a debit card on the spot are:
- Identification: A valid government-issued photo ID, such as a driver’s license, passport or identification card, is required.
- Social Security Number: The applicant’s social security number may be requested. Some banks may accept other identification documents in lieu of the social security number.
- Account information: Bank account information such as account number or bank routing number may be requested.
It is important to note that some banks may require additional documentation, such as proof of income or residency, especially if the customer is a non-resident alien.
A fee may also be required to obtain a debit card on the spot, although this may vary by bank and branch location. Therefore the recommendation would be to speak to someone at the bank before going through the application process so that you have all the requirements in place and that there are no inconveniences.
Do I have to pay to get a credit card on the spot?
The costs associated with issuing a debit card on the spot can vary by bank and branch location. In some cases, there may be a fee for obtaining a debit card on the spot, while in other cases, the issuance of the card may be free.
In general, banks may charge a fee for issuing a debit card on the spot to cover the costs of producing and processing the card. These fees can range from a few dollars to around $10 or more, depending on the bank and branch location.
It is important to note that some banks may waive the fee for issuing a debit card on the spot if the customer meets certain requirements, such as depositing a minimum amount into the account or maintaining a minimum balance. Furthermore, It is possible that some banks may offer special promotions occasionally that allow customers to obtain a debit card on the spot for free.
References
- Debit Cards – Get a Bank of America Debit Card.” Bank of America, https://www.bankofamerica.com/deposits/checking/debit-card/.
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“How to Get a Debit Card | Chase.” Credit Card, Mortgage, Banking, Auto | Chase Online | Chase.Com, https://www.chase.com/personal/banking/education/basics/how-to-get-a-debit-card.