can we pawn a ATM debit Card in the a pawnshop or as a collateral?

Payroll ATM is not accepted in pawnshops only to some of your friends or relatives. That's what others do they give their ATM in exchange for cash but then they will not give the password to you so eventually the ATM is useless because the borrower could just submit an affidavit of loss to the bank and get another ATM.

No, you cannot pawn it but instead u can use ATM as collateral when u loan. My uncle's business is lending and that's how he collects from those u applied for a loan. Borrowers surrender the ATM cards to my uncle and they give him their pin and every 15th and 40th of the month, my uncle withdraws from their cards the amount as the borrower's payment.

No, I dont think that is possible. I think that is not even legal at all. They dont have an internal ATM machine where they can verify if your account has a balance or is still active. And I dont think they will bother to come with you to another place like a bank just to authenticate you still have money deposited.

You can't pawn your debit card in a pawnshop but if you can find a person who can lend you money, you can use it as a collateral. It would really depend on your agreement. You can also avail of the personal loans offered by the banks like BPI or BDO. You don't have to have any collateral, you only have to submit their requirements and you can have the money in a weeks time.

You can't use an ATM debit card as collateral for a pawnshop since they have no way of knowing whether you are still using it or have plans to use it still. It won't be of any value to them at all. However, there are some pawnshops that accept cellphones, laptops, psp and watches as collateral.

my friend tried that once. she pawned her atm card which was our salary card. the pawnshop will ask for the pin number of that card. i think she also saved the card because she paid the pawnshop just in time.

No, pawnshops do not accept ATM cards. lolz, It's like the commercial tv of some pawnshop or something that he uses his chicken to send money to his sibling. Why don't you try electronic gadgets like PSP or Cellphones, or just borrow form someone.

Never heard of this on pawnshops but I know someone who asked her neighbor to let her pawn her daughters' ATM debit card so that she can borrow money and by the time her daughter would receive her salary, the person can be paid. It is a person to person transaction rather than a shop.

Well, if that ATM card is made of gold then pawnshops will surely accept it. Until then, it will only be used as collateral by those in dire need of cash.

i haven't heard that on pawnshops.. you can ask friends to lend you money instead..

No, but an individual can lend you some money and you have to give them your atm card. I can see that you urgently need the money...maybe you can ask some friends to lend you some and give them your atm and pin so they can withdraw from your account.

ATM debit card cannot be pawn. It can be used as collateral on other people who will lend you money. A debit card is a preloading system. The pawnshop cannot assure the worth of the card. A payroll card can be used.

There are some people who accept ATMs as a collateral but you definitely can't use that in a pawnshop. You can try pawning your laptop or cellphone. Cebuana and MLhuiler accepts those items.

you can't pawn your atm card, but if you're employed, you can use it to have salary loan. you have to give your atm card and proof of employment to them, and your pin code. when payday comes, they will withdraw your salary and get the payment of your loan first before giving you what is left.

I don't thing ATM debit card will be accepted in pawnshop. You can try to borrow money from and individual and use it as collateral. There are some individuals who don't require collateral at all but you should be referred by someone who is trusted by them.

A Payroll ATM Card can be used as a collateral for a loan but not on a pawnshop, only for a private individual. The person who will give you a loaned will not agree if there is no regular deposit monthly.

I hope we could pawn our debit cards or atm easily at pawnshops! There are some individuals who accept atm/debit cards as collateral though. There are some individuals here..