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Visa Debit Card - FAQs

Visa Debit Card - FAQs

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Do I have to be a member to take out a Visa Card?
The Credit Union is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Therefore you must be a member of the Credit Union to have a Visa Card. Learn more about becoming a member. ^

How much can I borrow?
The maximum amount you can borrow is dependent on your ability to meet your repayments. ^

How is the interest calculated?
Interest is calculated daily and charged monthly.^

How long do I have to repay my balance?
A Line of Credit is a continuous credit contract which means as you pay it back you can redraw on it up to your agreed limit.^

How do I make repayments on the loan?
You can arrange to make your loan repayments either by payroll deduction, direct debit from your savings or transaction account, internet or telephone banking transfer, at any of our branches or using Bank@Post. ^

How often will I receive information on my account?
Statements are issued six monthly or every three months as required. Duplicate statements can be requested at any time from our office.

Account Balances and Statements are also available through our Internet and telephone banking services. ^
What security is required to take out an Line of Credit?
No security is required. ^