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RBC Virtual Visa Debit and your Client Card both enable you to debit your banking account 6 for purchases and payments.. Your Client Card uses the INTERAC payment network that is widely accepted as a form of payment in physical store locations (point-of-sale) transactions, at Automated Teller Machines (ATM) and online.
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1 Products and services may be offered by Royal Bank of...
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- What Is The RBC Virtual Visa Debit Card?
- Features and Benefits of The RBC Virtual Visa Debit Card
- Do Visa Debit Cards Help Build Credit?
- Is The RBC Virtual Debit Card Safe?
- Easy to Apply
- Linking and Managing Your RBC Account
- Making Payments
- Understanding Fees and Charges
- RBC Virtual Visa Debit Card vs Koho
- Customer Reviews
The Royal Bank of Canada (RBC) partnered with Visa to feature a Virtual Debit Card that lets customers safely pay for online purchases. Using the card, they can directly debit any payments from their own checking account. This is another secure payment option for customers who do not have a credit card or don’t wish to use one for online purchases.
If you’re curious whether the RBC Virtual Visa Debit Card might work for you, consider these features.
If you’ve struggled with credit card debt in the past and are looking to increase your credit score, the Virtual Debit Card isn’t your best bet. While this Visa Debit card allows you to purchase items using money from your own account, meaning you won’t incur mountains of credit card debt, it doesn’t boost your credit score. Using credit cards show...
The card comes with zero liability protection, meaning you’re not responsible for unauthorized transactions. Also, the card has a unique three-digit security code (CVV2) on the back of the reference card, which you can provide during online or telephone payments for added security. Additional safety measures are also in place, such as the Visa Secu...
If you’re looking for a quick way to make online purchases and you already have an RBC account, accessing a Virtual Visa Debit Card is simple. Per RBC’s website, if you’re already an account holder, a Virtual Debit Card is already linked to your account, and you just need to contact the bank in order to receive it. There are three ways to get in to...
Connecting to a Chequing Account
To get started with your RBC Virtual Visa Debit Card, you will need to link it to your chequing account. This allows you to make purchases online using the funds available in your bank account.
RBC Mobile App Usage
Managing your RBC Virtual Visa Debit Card is even easier with the RBC Mobile App. With the app on your phone, you can: 1. Monitor your spending and transaction history 2. Set up customized alerts for specific types of transactions 3. Easily make changes to your spending limits and controls Just download the app from your device’s app store and sign in using your RBC online banking credentials.
Limits and Controls
You can set transaction limitsand spending controls to manage your finances better. This is particularly useful to avoid overspending or potential fraud. You can set daily, weekly, or monthly spending limits, as well as limits for specific types of transactions, such as online purchases or international transactions. These limits and controls can be adjusted at any time through your RBC online banking or the RBC mobile app.
Online Purchases
You can use your debit card just like a credit card at most online retailers, and your funds are deducted directly from your bank account.
Phone and Mail Order Payments
You can provide your card details to merchants over the phone or through a mail order form, enabling you to pay for products and services without the need for a separate credit card.
Recurring Bill Payments
You can use your Virtual Visa Debit Card to pay for subscriptions, utilities, and other bills, making it an essential financial tool for streamlining your regular expenses.
Foreign Transaction Fees
If you use your card for transactions in a foreign currency, you may be charged a foreign transaction fee. This fee is typically a percentage of the transaction amount, reflecting the cost of processing the transaction and converting it to CAD. RBC Virtual Visa Debit Card uses the Visa International exchange rate for these transactions, which may differ from the market rate. Keep this in mind when making purchases abroad or online retailers based outside Canada.
ATM Withdrawal Fees
Fees may apply when withdrawing cash from ATMs. Your fees will depend on the specific ATM location and if it’s affiliated with the RBC network. To minimize or avoid ATM withdrawal fees, you should plan accordingly by: 1. Withdrawing cash from RBC ATMs, where fees might be lower or waived 2. Reducing the frequency of your ATM withdrawals by taking out larger amounts less frequently 3. Exploring alternative cash withdrawal methods, such as cashback options during in-store debit transactions
Koho is a no-fee spending account to which you can add money either from an existing bank account or through a direct deposit from your employer. From there, you can use your Koho prepaid card to make purchases. The card is reloadable and accepted anywhere VISA is. Kohoalso features an app with “Savings Goals” making it easy to check out your spend...
While there aren’t too many reviews about the Virtual Visa Debit Card, the ones I found aren’t very favourable. For one thing, many reviewers aren’t really sure of the need for the card. Besides linking to your bank account, some questioned the differences between the Virtual Visa and other debit cards. Others considered the benefits for travel pur...
When you purchase Amazon gift card with it put the value about 20 to 50c less than the value of the card. Unfortunately Visa treats these as a debit card and Amazon puts a temp hold on the card before processing the charge, and the temp hold plus full value card purchase will exceed the value of the card and decline the charge.
A virtual card can be linked to the user’s bank account, credit card, or debit card as a funding source. Its main purpose is to shield your actual financial information when making online transactions .
Shop online with Visa Debit. If your bank card says Visa Debit, you can use it to shop online on millions of websites and apps (such as food delivery apps), recurring bill payments (such as internet, phone), subscription services (such as music streaming), even pay your taxes online through the Canada Revenue Agency.
1 Products and services may be offered by Royal Bank of Canada or by a separate corporate entity affiliated with Royal Bank of Canada, including but not limited to Royal Mutual Funds Inc., RBC Direct Investing Inc. (Member–Canadian Investor Protection Fund), RBC InvestEase Inc., RBC Global Asset Management Inc., Royal Trust Company or The Royal Trust Corporation of Canada
People also ask
How do I use a virtual Visa debit card?
What is a virtual debit card & how does it work?
How do I Manage my RBC virtual Visa debit card?
What can I do with a Visa debit card?
How do I Activate my Virtual Visa Debit?
What is the RBC virtual debit card?
Oct 4, 2024 · How do I use my virtual Visa debit card. Using your virtual Visa debit card is as breezy as a walk on the beach. Simply enter the card details—card number, expiration date, and CVV code—when making an online payment. Once confirmed, your virtual Visa debit card will work its digital magic, deducting the funds from your linked bank account.
