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Maestro Debit Card
Maestro Cirrus
 

Service:
Sovereign Chartered International Bank's Maestro© Debit Card and Cirrus ATM cash card. By becoming an account holder, you are entitled to the free issuance of a Maestro© debit card or a Cirrus ATM cash card. Additional cards can be issued on the account for a cost of US $100 each.

Benefits:

  • Access your funds conveniently, privately, and anonymously from anywhere in the world. The Maestro and Cirrus cards allow you to withdraw up to the balance on your card at any ATM around the world that displays the Cirrus© symbol.
  • No daily withdrawal limits. (Most ATM's however, will impose their own limit).
  • Get acceptance for payment of goods and services at thousands of electronic point-of-sale terminals at retailers throughout the world who display the Maestro© symbol.
  • Have top security. Maestro© is the world's leading debit card payment system and is more secure than Visa because a PIN number must be entered each time even at an electronic Point-of-Sale terminal. If you ever lose the card, it is very unlikely that anyone can misuse it provided you have memorised your PIN number and do not have it written down.

Features:

  • The card does not carry the name of the account holder on it, so no identifying paper trail is left behind.
  • Statements are reconciled monthly and will be made available for Internet access starting early next year.
  • No statements will be sent to you in the mail for greater privacy.
  • ATM fees are typically US $5 or 1.5% of the amount withdrawn whichever is the greater and there is a $10 monthly use fee. A credit check or prior credit history is not required which means all applications are approved.
  • In order to have continued use of your card, your primary cash management account must keep a $1,000 minimum balance in the account. If the balance in the account ever falls below $500 the card will be cancelled.


 

 

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