Maestro UK Brokers - Deposit Method

What Is Maestro UK?

Maestro is a type of debit/credit card issued by MasterCard in which is very popular among businesses from around the world. To date, there have been 666 million cards issued and over 13 million shops and businesses across 100 countries around the world accept Maestro as payment. The Maestro card can either be linked to your personal bank account or be a prepaid card. Whatever the case, the cards are treated like debit cards in which the cardholder can not spend more than what’s in their account or on their card. Maestro is particularly popular for the use of online payments, such as with forex brokers , gambling websites, and various online shopping outlets. Many traders have become accustomed to Maestro as it was the best available funding option for them, however, many banks are now releasing visa debit cards which are becoming a popular replacement to Maestro UK cards.

How To Use Maestro For Deposits

Using Maestro UK for depositing funds into your trading account is easy, fast, and secure. The following steps below outline exactly how to complete a deposit using Maestro.

First, you must acquire a Maestro debit card. This can be done by contacting your local bank where you have your current account. However, you may want to compare fees with various banks. Maestro cards may have different fees at different banks.
Once you have your card linked to your bank account or have the card itself loaded with funds, you are ready for payments. So, go to your online trading account and login.
Next, you must navigate to the deposit section on your account. Select Maestro from the list of deposit options.
You will be brought to a page where you are prompted to enter in a desired deposit amount and some personal information like billing address, mailing address, and your name.
As well, on the same page you will need to enter in you Maestro card details which include your card number and your security code. Your security code will either be a unique password or a generated code using the authentication generated by your bank.
After all that, you click submit and your payment should go through, resulting in the funding of your account within minutes.

Benefits To Using Maestro UK For Deposits

While the Maestro card is technically a debit card, it is truly more unique and sophisticated than your typical debit card. The card goes beyond the standard features of a regular debit card, thus offering their users numerous benefits. See some of the features of the Maestro Card below.

Versatile – The Maestro card is truly versatile compared to your standard debit card. With Maestro, you can send money, make ATM withdrawals, and use the card for purchasing and payments online and offline.

Security – State of the art technology is used to keep your money safe at all times. While shopping online, Maestro utilizes ‘MasterCard SecureCode’ which gives users added protection against unauthorized use of your card.

Fast – Processing and deposit times are very quick, nearly instant!

Low Fees – The fees involved are generally very low, although this depends on the broker being used.