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A debit card (also known as a bank card) is a plastic card which provides an alternative payment method to cash when making purchases. Functionally, it can be called an electronic check, as the funds are withdrawn directly from either the bank account (often referred to as a check card), or from the remaining balance on the card. In some cases, the cards are designed exclusively for use on the Internet, and so there is no physical card.[1][2] The use of debit cards has become widespread in many countries and has overtaken the cheque, and in some instances cash transactions by volume. Like credit cards, debit cards are used widely for telephone and Internet purchases. Debit cards can also allow for instant withdrawal of cash, acting as the ATM card for withdrawing cash and as a cheque guarantee card. Merchants can also offer "cashback"/"cashout" facilities to customers, where a customer can withdraw cash along with their purchase. For consumers, the difference between a "debit card" and a "credit card" is that the debit card deducts the balance from a deposit account, like a checking account, whereas the credit card allows the consumer to spend money on credit to the issuing bank. In other words, a debit card uses the money you have and a credit card uses the money you don't.
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Debit Card Subcategories
Debit Card Articles
Personal loans and finance
by andy tao
Oct 16, 2007
If you are suffering financially then there are many options you can take to relieve the stress of having these money issues. One of the popular methods is to take out a personal loan, you can get one from any bank or building societies, providing t...
Mortgage Brokers - Best Service Tips
by Samantha Anniston
Apr 06, 2006
Most of us have been there before, looking to buy a new home. Can you picture the situation now? You see a photo in the estate agents window, and you nip in for a schedule. As soon as the agents know you’re looking to buy a property, they will offe...
Credit Report - Look Out for Your Debit Report, Too
by Charles Essmeier
Jul 25, 2005
Most consumers are aware that there are companies that keep track of their personal financial transactions – installment loans, mortgages, credit card accounts, bankruptcies and judgements. These items are assembled by the three main credit bureaus ...
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