For Debit card we have terms and definitions in 6 topics. The topics are Accounting, Banking, Credit, Credit Cards, Ecommerce and Identity Theft.

Debit Card (Accounting)

is a banking card enhanced with automated teller machine (ATM) and point-of-sale (POS) features so that it can be used at merchant locations. A debit card is linked to an individual's checking accountallowing funds to be withdrawn at the ATM and point-of-sale without writing a check. Each financial institution creates an identity for its debit card to customize the product and differentiate it in the market. Debit cards can also be called deposit access cards.

Debit Card (Banking)

A card that allows you to pay for goods in shops and withdraw money at cash machines. Unlike a credit card, which builds up a balance that you should pay off each month, a debit card takes the money from your current account as and when you spend.

Debit Card (Credit)

A card issued by a bank that directly accesses available funds from a bank account, typically a savings or checking account.

Debit Card (Credit Cards)

A debit card is issued by a bank to provide direct access to a cardholder's checking or savings account. Any withdrawal of funds is immediate with online debit cards and delayed a day or two with offline debit cards.

Debit Card (Ecommerce)

A card resembling a credit card, but drawing directly on funds in the consumer’s bank account.

Debit Card (Identity Theft)

A debit card is a card used for making purchases, similar to a credit card. If there isn’t enough money in your account to cover the amount of the purchase, your debit card will be declined, stating that you have insufficient funds.

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