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nazo o | What is a debit card? |
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KHS
|
The best answer
short and meaningful
Debit card :
A debit card is a plastic card which provides an alternative payment method to cash when making purchases. when u use the debit card, funds are withdrawn directly from the cardholder's bank account. |
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shiva s
|
Debit Card is an electronic purse, which allows the holder to withdraw cash from ATMs and also enables him to purchase goods or services from the member establishments. Debit Cards are mostly issued in collaboration either with VISA or MASTERCard. |
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yeohbiz
|
The debit card reflects the actual amount of money you have in the bank. Say if you have 100$ in the bank you can only spend 100$. Unlike a credit card. |
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sudhiks
 |
A debit card is a plastic card. It enables the holder to withdraw money and to make purchases. The amount withdrawn using this card will be deducted from the holder's bank account. |
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SSS
|
a card which allows access to ATm but not in paying |
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genn_silver
 |
Do you know what a credit card is?
Debit card allows you to pay at shops which accepts credit card payments. However, you do not have a line of credit with the debit card, therefore, you could only spend with the amount you have in your bank account associated to the debit card.
Btw, you could not get in debt because of a debit card. It only allows you to spend what you have. You could get in debt with a credit card, because you could be spending money you have yet to earn.
Eg. U apply for a POSB debit card link to your POSB savings account. You could pay for your purchases at let's say Isetan with your debit card, by signing for it (just like the credit card). The amount would be deducted from your account immediately.
It is convenient overseas as it is easily to find a shop that accepts credit card and debit card, then NETS. |
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candy
|
Debit as the term implies - deduction from your account.
When u use ur deit card, the money value what you have spent is deducted/debited from ur account.
in other words u spend your money wiht the help of a credit card, than a credit card.
In a credit card, u use the bank's money. the bank gives u a credit of say Rs.x to spend with. You later have to pay for it.
it is always better to spend ur money than the bank's money.
it it always safe to use a debit card. |
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patriotisam
|
it is an electronic card with certain code to operate your account in the bank subject to the extent of maintaining minimum cash balance such as drawl through atms any where in the country or other countries if it is visa card. |
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Sandy C
 |
A card that typacly a bank would give you to access your funds remotly at a store with debit machienes or take out money from your account in cash. Or if you want a dumb answer a master to man kind |
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hayeschina
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A Debit card is like a credit card only the payment is taken straight from your account. If you have no funds in your account then the payment can not be made. |
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Joshuas mummy
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think credit card, but you acsess your savings or cheque account, so no more credit card bills |
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Derek
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A debit card is how I got into debt |
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