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If you want to use a 'credit' card then that means your spending money you don't have, so you're spending the banks money, that's why you need a bank account, s
by Cozumel 9y ago
If you want to use a 'credit' card then that means your spending money you don't have, so you're spending the banks money, that's why you need a bank account, sort of simple but that's the idea.
A 'debit' card is money you do have, and you don't need a bank account for some of those, for example you can get 'pre-paid' cards, you top them up with paper money then spend them wherever.
There's also bitcoins and all the other digital currencies you can use, I think some places even have Bitcoin ATMS now.
- hacalox 9y agoYou are right, thank you for the correction. Post edited. The problem with prepaid cards is that I don't feel like my money is secure neither. What if visa fails? What happens to my prepaid card if visa/master card fails? Don't you feel like it has to exist at least one company in the globe that the only thing it does is taking your money, secure it and give you a credit card? What if any of these companies delete you from their db? It sounds like I'm paranoid but I don't understand why we do trust them at all. In Spain and Italy two big banks have failed this week.