Debit Card

Debit Card

A debit card also known as a check card is a card that authorizes the EFT. While a credit card is a way to pay later, a debit card is a way to pay now. When you pay a debit card, the amount is immediately deducted from your checking or saving account. The debit card allows you to spend only what is in your bank account. Debit cards are accepted at many locations including grocery stores, retail stores and restaurants. You can use your card any where merchants display the debit cards brand name or logo. A debit card is an alternative of carrying a checkbook or cash. Many ATM cards have the features of a debit card.

Advantages of using debit cards:

1. Obtaining a debit card is mush easier than obtaining a credit card.

2. Using a debit card instead of writing checks saves you from showing personal information.

3. Using a debit card frees you from carrying cash, travelers’ checks or checkbook.

4. Merchants accept debit cards more readily than checks, especially in other countries.