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What is the safest bank to apply for a Debit Card?

I am about to file for bankruptcy but I've heard that there are certain restrictions once a person is declared bankrupt. I am curious about those restrictions and I want to find out more about them so that I could re-evaluate my current situation and think of alternative solutions before I file for bankrupptcy.

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    Singapore has been known to have the safest banks in the world. According to an article published in 2019 by Global finance, DBS bank holds the title for the safest bank in Asia for 11 consecutive years and the 15th safest bank in the world. DBS bank has also been recognized by Euromoney as the "Worlds Best Bank"

    2020.03.24 15:44

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Will my bank account closed if it does not have enough balance?

Your debit card will not close just because of low balance. It was actually possible for some banks to overdraw but of course, there will be an interest. But if it was not like that, you just cannot withdraw anymore money to it. In some banks, if the maintaining balance became lower, they will deduct a penalty when money has been deposited.

Am I required to have a debit card?

In the latest way of paying the workers of a company is usally by a bank. Most businesses or companies have partnered already with banks so they can deposit the salaries that their employees need. Those major companies provides you the debit card that you can use anytime. But it depends on the company that you are working for. Some small companies give the salary the old fashion way.

My bank fails. What should I do?

Banks are the safest place to keep your money. But from time to time some banks experience bankruptcy. Most banks are FDIC secured. If your bank is under the FDIC your money is safe that is upto $250,000.

Can I reimburse the money from the company?

Companies mostly give a budget to the employees for the equipment that they are gonna use for their job. The company has rules and bylaws that will help you with the questions that you are asking. You can ask the department who handles the equipment if to whom will the employees if they need equipment that is not available on the premises.

I accidently damage my Debit Card. What should I do?

Contact your Bank for a request of replacement. Explain to them what happened to your card. You'll be paying fees for the replacement. You can contact them through landline. You can also contact them via online or SMS. You can also visit your bank for faster transactions. Some banks offer free replacement cards.

Using the companies Debit card.

All companies have bank accounts that can be used for the expenses of the company. If the CEO, or owner of the company gave you permission to use the debit card of the company. Ask them if there is a catch or if they are really letting you use the company card. Also ask them if it would affect your position and if you can use it for your own use.

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