Debit Card

The article may contain affiliate links from one or more partners. Learn how we make money to continue our financial wellness mission.

A debit card allows the account owner to access their funds electronically. Debit cards may be used to obtain cash from ATMs or purchase goods or services using point-of-sale systems. The use of a debit card involves immediate debiting and crediting of consumers’ accounts. Debit cards are attached to checking accounts or other transactional accounts.