1 IMPORTANT INFORMATION FOR OPENING A NEW DEPOSIT ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, and record information that identifies each person who opens an Account. WHAT THIS MEANS FOR YOU: When you open an Account, we will ask for your name, address, date of birth, and your government ID number. We may also ask to see a copy of your driver’s license or other documents at any time. All Accounts are opened subject to our ability to verify your identity by requiring acceptable types of identification. We may validate the information you provide us to ensure we have a reasonable belief of your identity. If we are not able to verify your identity to our satisfaction, we will not open your Account or we may close the Account if it was previously funded. Your Account is subject to fraud prevention restrictions at any time, with or without notice.
2 Faster funding claim is based on a comparison of the Pathward®, National Association, policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. Fraud prevention restrictions may delay availability of funds with or without notice. Early availability of funds requires payor's support of direct deposit and is subject to the timing of payor's payment instruction.
3 The optional Savings Account linked to your H‑E‑B Debit Account is made available to Accountholders through Pathward, National Association, Member FDIC. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly.
- If the Average Daily Balance is $2,000.00 or less, the interest rate paid on the entire balance will be 5.87% with an annual percentage yield (APY) of 6.00%.
- If the Average Daily Balance is more than $2,000.00, the interest rate paid on the portion of the Average Daily Balance which exceeds $2,000.00 will be .49% with an APY of .50%, and the interest paid on the portion of the Average Daily Balance which is $2,000.00 or less will be 5.87%. The APY for this tier will range from 6.00% to .60%, depending on the balance in the account.The interest rates and APYs of each tier may change. The APYs were accurate as of 2/01/21. There is no minimum balance to open the Savings Account or obtain the yield(s). Savings Account funds are withdrawn through the H‑E‑B Debit Account (maximum 6 such transfers per calendar month) and transaction fees could reduce the interest earned on the savings account. Funds on deposit are FDIC insured through Pathward, N.A. For purposes of FDIC coverage, all funds held on deposit by you at Pathward, N.A. will be aggregated up to the coverage limit, currently $250,000.00.
4 No fee for direct deposit services or to add funds at participating H‑E‑B locations for the H‑E‑B® Debit Account. See the Deposit Agreement for details and additional fees.
5 The Netspend Network is provided by Netspend Corporation and its authorized agents. Netspend is a licensed provider of money transfer services (NMLS ID: 932678). Netspend's licenses and related information may be found at www.netspend.com/licenses. Fees, limits, and other restrictions may be imposed by Netspend and other third parties in connection with use of the Netspend Network.
6 Fees for bank transfers are determined by the transferor's bank and may be charged to the transferor's bank account by the service provider or originating bank. No cost for online or mobile Account-to-Account transfers between Netspend Accountholders; a $4.95 fee applies to each such transfer conducted through a Netspend Customer Service agent.
7 Faster access claim is based on comparison of a disbursem*nt via direct deposit vs. disbursem*nt via a mailed paper check. For up-to-date information from the IRS, visit www.irs.gov/refunds.
8 No charge for this service, but your wireless carrier may charge for messages or data.
The H‑E‑B Debit deposit account and H‑E‑B Debit Card are established by Pathward, National Association, Member FDIC, pursuant to license by Mastercard International Incorporated. Netspend is a service provider to Pathward, N.A. Certain products and services may be licensed under U.S. Patent Nos. 6,000,608 and 6,189,787.
Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
Card may be used everywhere Debit Mastercard is accepted.
©Netspend Corporation. All rights reserved worldwide. Netspend is the federally registered U.S. service mark of Netspend Corporation. All other trademarks and service marks belong to their owners.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.
Google Play and the Google Play logo are trademarks of Google LLC.
FAQs
Debit Card is an electronic plastic card or a bank card which can be held by any person who has a bank account, and it can be used instead of cash while purchasing goods or rendering services, as well as, they can withdraw cash anytime and at anyplace from an ATM.
What is the biggest con to using a debit card? ›
If you overspend, you could get hit with costly overdraft fees: If charges to your debit card cause your checking account balance to go negative, you could suffer overdraft fees and other steep charges that far exceed the potential costs of using a credit card.
What is an HEB debit card used for? ›
Your H‑E‑B Debit card can be used everywhere Debit Mastercard is accepted – online, in stores, and over the phone. How do I check my account balance? To check your balance, Log in to your Online Account Center, where you can see your balance, your deposits and transaction history.
How can I fund my HEB debit card? ›
Add money to your account (with no fees 6)
With another debit card 7 or from your bank. At H‑E‑B stores, either at the Customer Service Center or with one of our checkers. Through Mobile Check Capture (fees apply for approved Money in Minutes transactions).
What are the basics of a debit card? ›
When you open a checking account at a bank or credit union, you usually get a debit card. A debit card lets you spend money from your checking account without writing a check. When you pay with a debit card, the money comes out of your checking account immediately. There is no bill to pay later.
What is the best debit card to have? ›
Best debit cards that offer cash back in 2024
- Discover® Cashback Debit Account.
- Axos CashBack Checking Account.
- Upgrade Rewards Checking Plus.
- LendingClub Rewards Checking Account.
- ONE account.
- Venmo.
- Dave Spending Account.
- Primis Perks Checking.
5 places you should not use your debit card
- 1) Online. ...
- 2) Restaurants. ...
- 3) Gas stations. ...
- 4) ATMs or checkouts that look off. ...
- 5) The airport. ...
- Some additional quick tips:
- Jennifer Streaks is Senior Personal Finance Reporter and Spokesperson at Insider and a financial contributor at TheGrio.
You Won't Improve Your Credit Score
Since debit cards aren't based on credit, they won't help you build it with each use. With a debit card, you aren't borrowing credit for purchasing. Each time you use it, you are withdrawing directly from your checking account.
Is it better to pay with a debit card or a bank account? ›
Privacy may also be a consideration when paying bills with a checking account vs. debit card. Paper checks include the bank account and routing number along the bottom, creating an opportunity for potential fraud. Debit cards do not display this sensitive information, offering additional protection.
Why would anyone use a debit card? ›
Most retailers, venues, and other providers accept debit cards, making them an easy way to complete purchases without having to carry around cash or a checkbook. You can also access funds and make withdrawals from an ATM without making a trip to the bank.
A debit card is great for everyday purchases like gas, groceries, meals, clothing, and more. As long as you have enough money in your account, debit is convenient and effective (remember, using a debit card removes the money immediately, so there should be enough in the account to cover the expense).
Are debit cards safe to use in stores? ›
Just because you can use your debit card almost anywhere doesn't mean you always should. Although you have some protections when you use a debit card, don't have the same protections as you would with credit cards. Swipe your debit card only at trusted locations, and regularly check your transaction history.
Can I withdraw money from my HEB debit card? ›
Best of all, withdrawals are free at hundreds of ATMs in H-E-B stores, most Frost financial centers and other locations.
Can you use H-E-B card for gas? ›
You can use your cards at Central Market, HEB, HEB Curbside, HEB Delivery, and HEB Gas Stations. The grocery cards CAN be used online for curbside and delivery. You can now pay by Zelle! Details in the FAQ.
What bank does H-E-B bank with? ›
H-E-B is not a bank. Banking services provided by Pathward, N.A. 2 The optional Savings Account linked to your HEB Debit Account is made available to Accountholders through Pathward, Member FDIC. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly.
What is debit in short answer? ›
A debit is an expense, or money paid out from an account, that results in the increase of an asset or a decrease in a liability or owners equity. Debit is the positive side of a balance sheet account, and the negative side of a result item.
What is a debit card explained for kids? ›
Debit cards are a quick and easy way to pay for the things you need and want. They also allow you to take cash out of your bank account when you need it. People insert debit cards directly into an ATM (automated teller machine), type in their secret code, and withdraw cash straight from their bank to use around town.
What is a debit note very short answer? ›
A debit note is a document a seller uses to remind the purchaser of current debt obligations, or a document produced by a purchaser when returning goods purchased on loan. The debit note may include information about an immediate payment or may serve as a reminder of current funds due.
What is a credit card in simple words? ›
A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit. It enables customers to make purchase transactions on goods and services.
