The ActivoBank Debit Card offers a seamless banking experience for users seeking convenience, security, and control over their daily finances. Designed to simplify operations while ensuring safety, it integrates advanced technology with user-friendly features, making it an ideal choice for modern banking needs.
With a range of benefits, including contactless payments, digital card access, and worldwide usability, the ActivoBank Debit Card stands out as a practical financial tool. Whether for shopping, traveling, or managing expenses, this card ensures effortless transactions both online and offline.
Key information about the debit card
How does the annual fee work?
One of the most attractive aspects of the ActivoBank Debit Card is its cost-effectiveness. Users are exempt from the annual provision fee, making it a budget-friendly option for everyday transactions. This fee exemption reflects ActivoBank’s commitment to providing accessible financial solutions without hidden charges.
How is the credit limit determined?
Unlike credit cards, the ActivoBank Debit Card operates based on the user’s account balance, meaning the available limit directly reflects the funds in the associated account. Since it is not a credit-based product, there is no predefined spending limit determined by the bank. Instead, users have full control over their expenditures, ensuring responsible financial management.
Advantages of the debit card
- No provision fee: Users enjoy a fee-free card, saving money on annual maintenance costs.
- Contactless payments: The card supports contactless transactions, allowing users to pay by simply tapping the card on the terminal. For purchases under €50, there is no need to enter a PIN, making transactions faster and more convenient.
- Digital card availability: While waiting for the physical card, users can access the digital version through the ActivoBank app. This digital card can be linked to MB Way or other digital wallets for seamless transactions, including purchases, transfers, and withdrawals.
- Real-time alerts: Users can activate notifications through the app, receiving instant alerts for every transaction. This feature enhances security and helps monitor account activity in real-time.
- Worldwide usability: The card can be used globally, with €0 fees on purchases and withdrawals worldwide when the Activo Viagem service is activated. This feature is particularly useful for frequent travelers.
Standout advantage
A standout advantage of the ActivoBank Debit Card is its seamless integration with digital platforms. The availability of a digital card, even before receiving the physical version, ensures uninterrupted access to banking services. Users can link the digital card to MB Way or digital wallets, enabling purchases, payments, and transfers from the moment the card is issued. This digital-first approach reflects ActivoBank’s commitment to innovation and user convenience.
Disadvantages
- International service fee: For transactions in non-EU countries or currencies not covered by Regulation 518/2019, a 3.85% fee applies. This can increase the cost of international purchases and withdrawals outside the Eurozone.
- Digital dependency: While the card offers digital convenience, users who prefer traditional banking methods may find the app-centric management less intuitive.
- Limited PIN-free transactions: Contactless payments without a PIN are only available for purchases under €50, which may be limiting for larger transactions.
A standout disadvantage
The primary drawback of the ActivoBank Debit Card is the international service fee of 3.85% for transactions outside the Eurozone or in non-regulated currencies. While the card offers €0 fees worldwide with the Activo Viagem service, this fee can impact users who frequently travel to countries not covered by EU regulations. Understanding this fee structure is essential for users planning international trips or making cross-border purchases.
Who can apply for this card?
The ActivoBank Debit Card is available to individuals who meet specific eligibility criteria. Applicants must be at least 18 years old and have an active ActivoBank account. There are no specific income requirements, making the card accessible to a wide range of users, including students, freelancers, and retirees.
The card is not available for individuals with a negative credit history, as ActivoBank requires applicants to have a valid, regular account status. While no proof of income is required for debit card issuance, users must provide identification documents and complete the bank’s standard application process. The approval process is straightforward, with easy eligibility for most account holders.
How to apply for the ActivoBank Debit Card
For the website
To apply for the ActivoBank Debit Card through the website, users must first log in to their ActivoBank account. If they do not have an account, they need to complete the registration process by providing personal details, including name, address, identification number, and contact information. Once logged in, users can navigate to the “Cards” section and select the Debit Card option.
The website will guide them through the application process, including verifying account details and confirming the card request. Users will also have the option to activate the digital card immediately after approval. After submitting the application, users receive confirmation via email, along with instructions for managing the card through the ActivoBank app. The physical card typically arrives within a few business days, while the digital version is instantly available for use.
Through the app
Applying through the ActivoBank app offers the most convenient and efficient way to get the debit card. Users can start by downloading the app from the App Store or Google Play and logging into their account. If they are new customers, they can create an account directly within the app. Within the app, users can access the “Cards” section and select the Debit Card option.
The application process involves verifying personal details, confirming the card request, and setting up preferences, such as enabling contactless payments and real-time alerts. Upon approval, the digital card is immediately available in the app, allowing users to link it to MB Way or a digital wallet for instant use. The physical card will be delivered within a few days, but users can start making purchases, payments, and withdrawals with the digital version right away.
At the branch
For users who prefer an in-person approach, ActivoBank branches provide support for debit card applications. Applicants need to visit the nearest branch with valid identification, proof of address, and their ActivoBank account details. A bank representative will guide them through the application process, verifying documents and completing the necessary forms.
During the branch visit, users can also set up app access, enabling them to manage the card digitally. Once the application is approved, users receive the digital card immediately, while the physical card is mailed to their registered address. The in-branch application process ensures personalized assistance for users who prefer face-to-face interaction.
