CUeCard Advantages
The CUeCard offers several benefits to credit union members.
- It is more readily accepted by merchants than checks or ATM cards - it can be used anywhere MasterCard is accepted.
- It is a totally separate access transaction to a checking account.
- Using the CUeCard means members no longer need to stock up on traveler’s checks or cash when traveling.
- It saves the member time in waiting for check approvals.
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Real Time/On Time Transactions
Real time or on time transactions will post to member's account as the transaction takes place.
When the member uses the CUeCard at an ATM terminal or POS terminal (choosing "Debit" PIN transaction) the
transaction will post immediately to their account.
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Debit Card Versus Credit Card
It is important to note that even though the CUeCard looks like a credit card, it functions totally different than a credit card.
When members use their CUeCard, the transaction is debited or subtracted from members’ own checking account and is a
'pay now' transaction with no grace period. Therefore, the CUeCard only allows members to spend what is currently in their
checking account’s available balance.
Non-PIN POS and credit transactions can take up to three (3) days to post to members’ accounts. A hold is immediately placed when a
POS or credit transaction occurs reducing the available balance for that account. It is important to remember that even though it typically takes up to three business days for these types of transactions to post to the account, the funds immediately become unavailable or frozen
for use when the transaction occurs.
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