Leave the cash at home and pay for it with the security and convenience of a Mastercard® debit card from Monson Savings Bank.
- Free Mastercard® debit card with a Monson Savings checking account
- Debit card issued instantly
- Easy access to account balance
- Make purchases or get cash virtually anywhere, worldwide
- Funds deducted automatically
- Track transactions with ease
- Turn your card on and off with CardValet
- More convenient than checks
- Safer than carrying cash
- 24/7 access to funds via ATMs
- Easily replaced if lost or stolen
If you plan to travel, it's important to notify us before you go to allow the fraud system to function without causing transaction authorization delays while you're away.
Please call us at (413) 267-4646 if you plan on traveling with your debit card within the United States, to a foreign country, or if you plan to purchase goods from another country online or over the phone.
The Mastercard Automatic Billing Updater (“ABU”) is an automated solution that helps to ensure uninterrupted service for cardholders and uninterrupted payments by updating card-on-file (“COF”) information for recurring and non-recurring payments. The program helps to reduce COF transaction declines due to changed card numbers and/or expiration dates. The Mastercard ABU Service is required by Mastercard for all consumer and business debit cards.
- Reduces “card not present” declines
- Helps to ensure on-time bill payment
- Provides better customer service
- Prevents late fees and service disruption
How it Works
Cardholders generally have recurring payments, or a COF, set up with a merchant(s). When account changes are made to a cardholder’s account (debit card number has been changed or an expiration date has been updated) cardholders often do not advise merchants about changed account information, which causes recurring payments to be declined as well as an inconvenience to customers.
The Mastercard ABU Service allows the updated information to be provided to participating merchants on behalf of the customer, resulting in fewer declines. The service provides a convenience to customers, so they do not have to contact each merchant with updated card information.
The Mastercard ABU Service is only available at participating merchants. They can choose the frequency at which they check for updated payment information. To avoid late payments and penalties, customers must check with their merchant to ensure their card information has been updated.
COF merchants that keep cardholder’s card numbers on file for recurring payments may include subscription services (such as Netflix), utility companies, and online payment services (such as PayPal), and more.
If you do not update your debit information with participating merchants, automatic payments will be declined, merchants may charge customers a late fee, and service may be disrupted.
You can request to opt-out of this service by calling us at 413-267-4646 or visiting your local branch. However, you would lose the previously mentioned benefits.