Credit Cards » Glossary

Glossary

Debit Card

A debit card is a plastic card that looks like a credit card, and can be used like a credit card when making purchases. But there is one major difference: when the debit card is used, the funds are deducted directly from the related bank account rather than loaned to you on credit. A debit card can also be used to withdraw money from a bank account at an automatic teller machine (ATM).

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