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What is debit card ? Its …

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What is debit card ? Its function and examples and it's benefits

Posted by Romana Mansoor 4 years, 5 months ago

CBSE > Class 11 > Business Studies

1 answers

Sia ? 4 years, 5 months ago

A debit card is a payment card that deducts money directly from a consumer's checking account when it is used.
Function - Debit cards come with PINs that let you withdraw cash from ATMs. They also let you buy goods and services. If they come from a credit card issuer, they might offer the cashback programs and other privileges associated with regular credit cards.

Safer than cash
Doesn't incur debt
Easy to get—no application necessary

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