Which banks issue maestro cards

Maestro is essentially a debit card used in some parts of Europe. It allows you to do the two major things debit cards enable in other parts of the world: purchase items both in-person and online and withdraw cash from ATMs. The major benefit of a Maestro card over some other debit cards is that it leverages the Mastercard network, which enables you to make purchases and withdraw cash from ATMs all over the world. Maestro was launched by MasterCard in Maestro cards are used widely in Austria, Germany and the Netherlands, and much less everywhere else.

Your card will either be a Maestro card or a MasterCard. After doing hours of research and trying to open several bank accounts, we highly recommend N If you want more information on the benefits and features of N26, as well as what you need to open an account, read our full N26 review. If you live in Austria, Germany or the Netherlands and need a Maestro card, we suggest you take the easy route and get one with N Also, since so many of you have been asking us for them, here's our full list of country-specific posts outlining how to ship anything from Amazon to any country in the world.

And here's another post on how to log out of Amazon. While you're at it, international travelers should read our N26 review for the best way to get free ATM withdrawals the best rates on currency conversion - anywhere in the world. Maestro debit cards and Mastercards are both issued by Mastercard, so it can be easy to confuse the two. The key difference is that Maestro is available only as a debit card, whereas Mastercards can be issued as a debit, credit, or prepaid card.

To learn more about the differences between the two types of cards, read our guide on debit, credit, and prepaid cards. Issued by associated banks, a Maestro debit card is linked directly to your checking account. Customers use a Maestro card for withdrawing cash at an ATM or making a payment at a retailer, and some Maestro cards allow online payments too.

Once a payment is made, the transaction is tracked to the linked account, and the amount is deducted from the balance. Maestro cards are recognized worldwide, offering convenient access to money at home and abroad. Payments made via Maestro cards also reduce the need for physical cash, making your money safer. One drawback is that some transactions may incur fees, like using a non-branch ATM to withdraw cash. Maestro cards are NFC technology-enabled. With one tap at checkout, the electronic software communicates directly with your bank account to deduct funds.

Most merchant establishments across the world accept debit cards. In this article we will focus on Maestro debit card, which is a part of the MasterCard finance enterprise. Maestro debit card belongs to the MasterCard enterprise. The card was launched in You can get a Maestro debit card from one of the partner banks. As is the case with debit cards, it is linked with your savings or current bank account.

Maestro card can also be obtained as a regular prepaid card. Maestro debit card helps you to pay for your purchases at any Point of Sale PoS terminal which uses the Chip-and-Pin swiping machine. As a customer, you need to authorise the payment by either providing your signature on the receipt or by entering the PIN number in the card swiping device.

Owing a Maestro Debit card provides you access to cashless transactions. Maestro Debit cards are offered by all major public and private sector banks in India. To make it more attractive, the banks provide a number of offers. It is a debit card system in which the amounts available are debited directly from the connected account.

Mastercard competitor Visa operates a comparable system with V-Pay. The logo of one or the other provider can usually be found on the roughly million German giro cards. Mastercard wants to switch off the Maestro introduced in in favor of a more modern system. Another reason is that the use of the Maestro card has decreased significantly in recent years. There are still million cards in circulation around the world, but five years ago it was over million.