Debit cards may all come in the same basic shape and size, but the features will vary with the provider, and sometimes even with the payment processor.

Most banks now have debit cards that are either MasterCard or Visa, but they may also have debit cards without the flexibility of these two payment processors.

These basic debit cards look very similar to Visa debit cards, but instead of a Visa logo they will often come with a Cirrus or Maestro symbol to show where they can be used.

Other physical differences bank debit cards may have when compared to Visa debit cards include:

• No microchip embedded in the card
• Logos for Cue Card and EFPTOS on the back of the card; and
• No three-digit security code by the signature panel

Many basic bank accounts or kids bank accounts automatically come with one of these debit cards, like the Westpac Basic bank account or ANZ’s youth accounts and they generally do not cost anything to use.

Bank debit cards can be used to make cash withdrawals from ATMs as well as purchases via EFPTOS and are generally accepted anywhere that has these facilities in Australia.

To use these cards for an EFPTOS payment it is simply a matter of swiping the magnetic strip, selecting the account, requesting any additional cash out and entering the PIN then pressing OK.

With a Visa debit card, there is the choice of entering a PIN or signing for purchases, as well as the added benefit of new contactless technology, known as Visa payWave, and no required signature for purchases under $30.

While standard bank debit cards give people a similar amount of access in Australia, there are times when they may not be compatible with overseas machines and they cannot be used for shopping online or over the phone either.

That is why many people will decide to upgrade or complement a bank debit card with a Visa debit card option, which allows cardholders to access funds through ATMs, EFPTOS, online and overseas.

With a Visa debit card there is also extra financial security through the Verified by Visa program and zero liability policy.

For basic money needs in Australia a bank debit card may be enough to get some people by, but for real flexibility and security, a Visa debit card is definitely worth considering.