How do I get a Debit Card?
Since debit cards are linked to your cheque or savings accounts, you should check with the financial institution that holds those accounts to see if it offers a debit card option and what are the eligibility requirements. Debit cards are a convenient, safe, and widely accepted alternative to cash and cheques.
A debit card looks exactly like a credit card. It will have the same shape, color, and magnetic strip that a credit card has. A debit card is used almost exactly the same way as a credit card. In fact, there are times when a debit card is used exactly the same way as a credit card. For example, if you are at the grocery store and you want to pay with a debit card, you swipe your card through the machine and type in your PIN (PIN means personal identification number). If the bill clears, your debit is approved and on you go. However, if you are in a restaurant, you card is swiped like a credit card and instead of having to type in a PIN, you have to sign a receipt. Debit cards are cards that draw against your checking account. Basically, when you make a purchase with your debit card, the purchase price is deducted from a pool of money that you already have on deposit with your bank. If you spend more than you have on deposit, you are likely to pay overdraft fees and whatever other fees
You can sign up for the debit card by completing the Debit Card Application. Please note it takes approximately two weeks to receive the card once ASIFlex has received your application. Where Does the Card Work? The ASIFlex debit card is coded to only work at: 1) merchants that are set with a MCC code defining that purchase/service as a medical good or service, or 2) stores that have an Inventory Control System in place that confirms at the point-of-sale that any items that have been purchased are eligible for the Flexible Spending program. Merchant Category Code Restriction There is not a way to tell prior to using the card whether the provider’s machine is set as a medical provider. We have generally found that the card does work at most doctors, dentists, optometrists and hospitals. In most, if not all cases, the card will not work at grocery or general retail stores (even at the pharmacy counter) unless the grocery store has implemented the Inventory Control System. Inventory Contr
