What is Debit Card?
A debit card is a plastic payment card that can be used instead of cash when making purchases. It is similar to a credit card, but unlike a credit card, the money is immediately transferred directly from the cardholder’s bank account when performing any transaction.
You can use your debit card in most stores to pay for something. You just swipe the card and enter your PIN number on a key pad. Debit cards take money out of your checking account immediately. …
You can use your debit card at an automated teller machine, or ATM, to get money from your checking account.
Difference between Credit card and Debit Card
Debit cards allow bank customers to spend money by drawing on funds they have deposited at the bank. Credit cards allow consumers to borrow money from the card issuer up to a certain limit in order to purchase items or withdraw cash.Example
Credit/Debit card numbers are all numeric. These numbers count ranges from 12 to 19 digits. For example, MasterCard has 16 digits and American Express has 15 digits. The first digit of the credit/debit card is the Major Industry Identifier (MII).
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