Debit Card Articles from FINANCIOLOGY.COM Free Article Directory

Search our Site:

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 Functionally, it can be called an electronic check, as the funds are withdrawn directly from either the bank account (often referred to as a check card), or from the remaining balance on the card.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.

Debit Card Subcategories Credit Cards > > Debit Card Articles Payday loans with no debit card- Money to meet unexpected expenses by Robin Smith Jan 01, 2009 Introduction: People who don’t possess debit card or the people who are possessing debit cards but don’t want to pace as collateral to the lender can avail easy loans with payday loans w... 3 Month Payday Loans: Pay Tension-Freely Within 3 Months by David Warner Dec 05, 2008 For handling the emergencies the 3 months payday loans are very ideal. Through it you will not only be able to pay off your urgent bills, even it relaxes one with its flexible repayment options too. Whenever, you feel that you will need some more tim... Current Accounts: More Interest Than A Mattress! by Isla Campbell Aug 04, 2008 Amusing anecdotes abound about people stuffing money into mattresses or placing it in other hiding places rather than trust it to a bank or building society. But, does this method of saving really offer more security that putting the money away... Visa readies America's largest IPO by Andrew Regan Mar 03, 2008 These days consumers are besieged by warnings of a potential credit crisis but it looks as though Visa Inc, the world's largest credit card operator, is unperturbed. Visa have the potential to raise up to $18.8 billion by floating 406 million s... Debit Cards v/s credit cards by Shelly Cruz Mar 05, 2008 This article highlights the differences and comparative advantages and disadvantages of the two types of popular plastic money on offer in India. The basic difference between the two is the fact that a credit card takes the form of a person... Common credit card mistakes by Umar Daraz Mar 05, 2008 The following article highlights some common mistakes made by credit card holders before, after and during getting a credit card issued. Before getting the card Procuring multiple cards An extremely common mistake made by most... Flexible Payments Mean Happier Customers by Joe Almedia Feb 20, 2008 As a new business owner, you probably started out accepting cash and checks but not credit cards. Or if you have a business online, you might have accepted PayPal but no other payment options. As your business grows, you will have more peopl... Should Your Business Accept Debit Cards? by Joe Almedia Feb 10, 2008 Many businesses wonder when they are thinking about getting set up to accept credit cards whether they should accept debit cards as well. People love to use these cards that look like credit cards but take the money directly from a person's checking ... The Many Views about Credit Cards by Pamela Williams Jan 09, 2008 What are credit cards? Not everyone sees credit cards in the same way. Some people think it’s just another tool for convenience while others see credit card as an important means of getting by especially during emergencies. Some people mistake credit... Visa Debit Cards by Richard Greenwood Dec 18, 2007 contact@click4credit.com.au. Best regards Richard Greenwood http://www.click4credit.com.au Visa Debit Cards With a visa debit card you can have direct access to the funds lying in the savings account in your bank. Thus instea...