Whats wrong with my unbranded debit card?
First, you don’t have a debit card, you have an ATM card. Debit cards have a Visa or Mastercard logo (theoretically, they could be AmEx branded, but I don’t know of any banks doing that). The ability to use them as credit cards is what makes them debit cards. Having only an ATM card, you can only use it with merchants that can process ATM transactions, and then only if they support transactions on whatever networks your bank supports. Second, yes, your bank is crappy, unless you’re getting something for having to pay a fee for your debit card. Before it got bought out, my old bank charged a $10 a year fee to have a debit card, but no fee for an ATM card. However, they were very good in other respects, like low overdraft fees, and no specific overdraft limit. The purchasing bank has no debit card fee, but charges a fee for overdraft protection (but not for me, as they grandfathered accounts from the old bank in to free overdraft protection). It ends up being a very good deal because the
