Debit cards, unlike credit cards, automatically withdraw funds from your account at the time you make a transaction.
Debit cards are used most commonly at automated teller machines (ATMs) and for purchasing goods directly in stores.
The machine-readable plastic card contains a magnetic strip indicating your account number, bank number, and type of account. Debit card users gain access to the issuing institution's computer by using a secret code, their personal identification number (PIN). The PIN should only be known to the card holder.
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Debit cards, unlike credit cards, automatically withdraw funds from your account at the time you make a transaction.
Debit cards are used most commonly at automated teller machines (ATMs) and for purchasing goods directly in stores.
The machine-readable plastic card contains a magnetic strip indicating your account number, bank number, and type of account. Debit card users gain access to the issuing institution's computer by using a secret code, their personal identification number (PIN). The PIN should only be known to the card holder.