MasterCard Advantages

MasterCard – a wealth of advantages in one card

Extremely safe, easy to use in Israel and overseas, and control over all information at any given moment – the time has come that you recognize the benefits of the smartest and most advanced card in the world

The rest of the world already knowns – MasterCard is the safest and most convenient method of payment available. For your convenience, and in order to not miss out on the advantages and array of services that it offers you, we prepared for you a reminder that compiles all of the major advantages the MasterCard has in one place!

 

Security and privacy above all

• MasterCard is an identified card but with name of the card holder not imprinted on it.
• The card is equipped with a smart chip that is based on EMV technology that prevents forgery or exploitation if lost or stolen.
• A card that is lost or stolen can be blocked and the money loaded on it saved. In other words – the money that is loaded on the card is safe!
• The card is not linked to your bank account! This means that if the card is lost or stolen, your bank account is not at risk.
• Purchases that exceed that amount loaded onto the card cannot be made.
• The card is insured subject to the provisions of the Debit Card Law 5746-1986, including with regards to the Issuer’s liability on exploitation, theft / loss.
• If a card is lost / stolen, you can contact the call center, which operates 24/7 at 180-9431521 and immediately block the card.

 

The security chip of the Postal Bank’s smartcard

Welcome to the new age of safety – get to know the security chip in the Postal Bank’s smartcard that prevents forgery of the card.

 

How it works

• When using the card, even during a purchase in some businesses (in Europe, in some South American countries and in Israel), you will be required to enter a PIN .
• Entering the PIN ensures that the card holder is the one using it.
• The chip cannot be forged and even if a picture is taken of you entering the PIN , purchases cannot be made in businesses and cash cannot be withdrawn without the presence of the chip on the card.
• How do we know it works? An increasing number of businesses are providing services only to holders of cards with the chip.

 

Three wallets on one card – NIS, Euro and British Pound

Not only does the smartcard allow for three different currencies to be loaded – the NIS, the Euro and the Dollar, it is so smart and advance that it can even know which currency to use when a purchase is being made.

 

• The card identifies the method of payment and charges the relevant wallet from which payment is executed.
• When the balance in a certain wallet is insufficient or if a transaction is made in a currency not loaded onto the wallet, the balance of the amount will be charged to a different wallet.
• For your convenience, money can be converted between ‘wallets’ (even through the card website)

Please note – a charge from a different wallet will be made in the following order: initially in NIS, and then in Euro or British Pound. The conversion will be made based on particularly fair rate differentials adopted by MasterCard.

 

The Postal Bank Smartcard – the most convenient solution for purchases and cash withdrawals overseas

• The card is immediately issued upon purchase.
• No transaction fee when using the card to pay for products and services in the wallet’s currency.
• Honored by over 35 million businesses worldwide that honor MasterCard.
• Local currency can be withdrawn in over 2 million ATMs around the world that honor MasterCard.
• Cards purchased in the branch are immediately active upon purchase.
• If there is insufficient balance in a certain currency during a purchase, the card will track down the balance in another currency on the card to successfully complete the purchase. In this case, the customer will be charged the rate differential.
• The card can be reloaded by cash or credit in the post office branches as well as by bank transfer.
• Cash withdrawals from ATM can be made or payment for purchase in any local currency in over 180 countries around the world. There may be rate differential costs.

 

That’s not all – availability, convenience and control over expenses and other benefits!

• A service call center is available to you 24/7 as is voice mail to clarify the balance and other transactions.
• Purchase and reloading of the smartcard is easily performed at any of the post office branches in Israel by cash and by credit card.
• Cash on the credit card has run out? No problem! Your representative can go to the nearest post office and reload the card for you.

With MasterCard, you are always in control of expenses

• The Postal Bank’s smartcard guarantees you control over expenses, simply because you cannot charge beyond the amount that is loaded on the card.
• • Want to limit the amount of money you spend? Prepay the card with the allotted amount and you can be sure that you do not overspend your budget.
  • Particularly ideal for children and teens

New from the Postal Bank – Special benefits for subscribers:

• First loading of foreign currency free of charge!

 

*First load of NIS involves additional fee.

*When loading foreign currency, the purchase fee is in foreign currency

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